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Stock Market & Financial Investment News

News Breaks
March 19, 2014
13:45 EDTCSIQ, FSLR, JKS, SPWR, SUNE, SCTYFirst Solar rallies after issuing optimistic FY15 outlook
Shares of solar products and services company First Solar (FSLR) are on the rise after the company issued guidance for next fiscal year that surpassed analysts' expectations. WHAT'S NEW: During the company's analyst day meeting, First Solar said that it expects FY14 earnings per share of $2.20-$2.60. Analysts' consensus for FY14 EPS stood at $3.12 prior to the company's guidance. The company sees FY14 revenue of $3.7B-$4.0B, compared to analysts' consensus of $3.77B. First Solar also said that it expects FY15 earnings per share of $4.50-$6.00, which is well above analysts' consensus of $3.68. The company expects FY15 revenue of $3.8B-$4.3B, compared with analysts' expectations of $4.24B. Also earlier today, First Solar and GE (GE) Power Conversion business announced that they are utilizing their established technology and commercial partnership to develop a more cost effective and productive utility-scale PV power plant design that combines First Solarís CdTe modules with GEís ProSolar 1500 Volt inverter/transformer system. First Solar also announced that it has set a world record for cadmium-telluride photovoltaic module conversion efficiency, achieving a record 17% total area module efficiency in tests performed by the U.S. Department of Energy's National Renewable Energy Laboratory. The new record is an increase over the prior record of 16.1% efficiency. WHAT'S NOTABLE: On February 26, the day after First Solar reported significantly weaker than expected fourth quarter results and provided lower than expected first quarter profit guidance, the company's stock fell over 9%. At that time First Solar said there were delays in "a couple" of projects for which the company had expected to recognize revenue in Q4 and that it now expects to recognize revenue from these projects this year instead. Furthermore, First Solar said then that its Q1 guidance "is not indicative" of the company's full-year outlook, as it expects to be paid later in the year for a number of projects it is currently building. The company only gave Q1 guidance at that time, not fiscal year guidance, but advised then that it would provide more detail about its full-year outlook at its analyst day. PRICE ACTION: In afternoon trading, First Solar rallied $10.04, or 17.44%, to $67.60. OTHERS TO WATCH: Other names in the solar sector include SolarCity (SCTY), SunPower (SPWR), Canadian Solar (CSIQ), Sunedison (SUNE), and JinkoSolar (JKS).
News For FSLR;SCTY;SPWR;CSIQ;SUNE;JKS From The Last 14 Days
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January 29, 2015
06:01 EDTSCTYSolarCity implied volatility of 48 at lower end of index mean range
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January 28, 2015
10:05 EDTSUNESunEdison calls active on renewed takeover chatter
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09:59 EDTSUNERumor: SunEdison moves up on renewed takeover chatter
05:58 EDTSCTYSolarCity implied volatility of 48 at lower end of index mean range
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January 27, 2015
06:02 EDTSCTYSolarCity implied volatility of 48 at lower end of index mean range
January 26, 2015
11:50 EDTCSIQ, SUNE, SCTY, JKS, FSLRSolar names rise after Obama pledges U.S. help for Indian solar push
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10:28 EDTCSIQ, SUNE, FSLR, JKSIndia's Mahnidra to add 500 MW of solar energy, Reuters says
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06:48 EDTSPWR, FSLR, CSIQTax credit, loan guarantee changes could hurt solar energy, NY Times says
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06:10 EDTSCTYSolarCity implied volatility of 49 at lower end of index mean range
January 23, 2015
08:04 EDTSPWRTotal and SunPower complete 70MW Salvador project
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05:59 EDTSCTYSolarCity implied volatility of 49 at lower end of index mean range
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January 22, 2015
07:12 EDTCSIQCanadian Solar completes sale of Glenarm Solar Power Plant to Dutch fund
Canadian Solar has sold the 10 MW AC Glenarm solar power plant to an affiliate of DIF Infrastructure III. This solar power plant is valued at over $49M and utilizes Canadian Solar's CS6X photovoltaic modules. The project reached commercial operation in November 2014. The closing of this sale represents the first of four solar projects that will be acquired by DIF.
05:58 EDTSCTYSolarCity implied volatility of 51 at lower end of index mean range
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January 21, 2015
07:33 EDTSUNESunEdison becomes supplier to 250 school districts of California's SPURR
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07:04 EDTSUNESunEdison and TerraForm Power secure financing for solar project in UK
SunEdison (SUNE) and TerraForm Power (TERP) have secured financing to build five large-scale solar farms in the UK which will generate 85.2MW of electricity. The projects are expected to be acquired by Terraform in early 2015. Financing for the solar farms has been provided by Santander (SAN) Global Banking and Markets and Bayerische Landesbank, who acted as arrangers and Santander UK who acted as agent. The total amount financed was GBP70M. SunEdison has begun construction on all five sites, and will complete them in Q1.
January 20, 2015
18:30 EDTSUNEOn The Fly: After Hours Movers
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16:11 EDTSUNESunEdison files to sell $350M convertible senior notes due 2022
13:56 EDTSUNESamsung reports 3.4% passive stake in SunEdison
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13:00 EDTCSIQCanadian Solar pullback a buying opportunity, says JPMorgan
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11:03 EDTFSLRStocks with call strike movement; FSLR NE
First Solar (FSLR) January call option implied volatility increased 5% to 48, Noble Corp. (NE) June 18 call option implied volatility increased 9% to 53 according to IVolatility.
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