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Stock Market & Financial Investment News

News Breaks
March 27, 2014
06:04 EDTPLUG, FSLRStocks with implied volatility below IV index mean; FSLR PLUG
Stocks with implied volatility below IV index mean; First Solar (FSLR) 47, Plug Power (PLUG) 156 according to iVolatility.
News For FSLR;PLUG From The Last 14 Days
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September 2, 2015
11:02 EDTFSLRStocks with call strike movement; FSLR CVC
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09:36 EDTFSLRActive equity options trading on open
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09:04 EDTFSLRSouthern Company subsidiary acquires interest in Desert Stateline Facility
Southern Company (SO) subsidiary Southern Power announced the acquisition of a controlling interest in the company's largest solar asset - the 300-megawatt Desert Stateline Facility in California - from First Solar (FSLR), which will retain the remaining interest in the project. This project represents Southern Power's and First Solar's fourth shared acquisition. Southern Power's seventh solar acquisition in California, the Desert Stateline Facility, will be located on 1,685 acres of federally managed public land in San Bernardino County and is expected to consist of approximately 3.2 million of First Solar's thin-film photovoltaic solar modules mounted on fixed-tilt tables. Once operational, the Desert Stateline Facility is expected to be capable of generating enough electricity to help meet the energy needs of nearly 100,000 average homes. First Solar is building and will operate and maintain the Desert Stateline Facility. Construction of the plant began in October 2014 and is expected to be completed in phases. The plant is slated to be fully operational in the third quarter of 2016.
September 1, 2015
05:40 EDTFSLRBarclays rolls out solar coverage, names First Solar Top Pick
Barclays analyst Jon Windham initiated coverage of the U.S. Alternative Energy industry with a Neutral rating citing the pullback in energy prices and risk to demand from emerging markets given the step-down of the U.S. investment tax credit at the end of 2016. Windham, however, expects alternative energy demand to "remain robust" over the longer term. He started shares of First Solar (FSLR) with an Overweight rating and $71 price target. The stock closed yesterday at $47.84. The solar company's "strong" $15 per share of net cash will internally fund its international growth, Windham tells investors in a research note. He named First Solar his Top Pick in the space. The analyst rounded out his coverage in the space with Equal Weight ratings on SunPower (SPWR) and 8point3 Energy (CAFD).
05:31 EDTFSLRFirst Solar initiated with an Overweight at Barclays
Target $71.
August 31, 2015
11:12 EDTFSLRJPMorgan says buy SunEdison after recent pullback
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August 28, 2015
11:25 EDTPLUGPlug Power COO buys 14K shares
In a regulatory filing, Plug Power COO Keith Schmid disclosed that he acquired 14,000 shares of company stock yesterday, August 27, at an average price of $1.80 per share.
August 25, 2015
11:41 EDTFSLRSolarCity rises again after Chairman Musk buys shares
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August 24, 2015
16:46 EDTFSLRPresident Obama announces new renewable energy commitments
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11:09 EDTFSLRGoldman says SolarCity attractive after sharp pullback
SolarCity (SCTY) shares are climbing in the down market after Goldman Sachs contended in a note to investors today that the stock is attractive following its recent sharp retreat, The company probably won't be affected by issues that are causing investors to worry about the solar sector, the firm believes. WHAT'S NEW: Noting that SolarCity's stock had tumbled 27% in the last month before today's open, Goldman Sachs analyst Brian Lee wrote that the shares are being dragged down by worries about financing and cost of capital that are affecting the entire solar sector. However, he contended that these issues are having only a "limited" impact on SolarCity. On August 13, the company successfully sold asset-backed securities and it said that more such sales are likely to occur in the near-term, Lee noted. Meanwhile, SolarCity isn't being affected by the cost of capital increases that other solar companies are experiencing, the analyst reported. Before today's open, the stock was near a two year low, even though SolarCity's fundamentals are still "strong," Lee believes. Additionally, the largest U.S. solar trade show, which is expected to begin on September 14, could boost solar stocks, as it has historically been a catalyst for the sector, the analyst stated. SolarCity may provide guidance about the outlook for its Silevo solar panel manufacturing subsidiary in the second half of 2015, and the guidance could boost the stock, Lee believes. The risk/reward ratio of SolarCity's stock is positive, according to the analyst, who has a Conviction List Buy and $85 price target on the shares. OTHERS TO WATCH: Other publicly traded companies in the solar space include Canadian Solar (CSIQ), First Solar (FSLR), JA Solar (JASO), SunEdison (SUNE), SunPower (SPWR), Trina Solar (TSL) and Yingli Green Energy (YGE). PRICE ACTION: In late morning trading, SolarCity advanced 5.3% to $43.18.
August 21, 2015
06:56 EDTFSLRSolar companies spending $1B in Texas projects, WSJ says
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