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Stock Market & Financial Investment News

News Breaks
March 19, 2014
13:45 EDTSUNE, SCTY, CSIQ, FSLR, JKS, SPWRFirst 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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November 13, 2014
09:14 EDTCSIQCanadian Solar should be bought opportunistically on weakness, says Roth Capital
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09:12 EDTSPWRSunPower and Castaic Lake Water Agency begin 3.5MW solar expansion project
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08:45 EDTSPWRSunPower sees Q4 GAAP EPS $1.00-$1.25, may not compare to consensus 33c
Sees Q4 GAAP revenue $1.12B-$1.17B, may not compare to consensus $624.06M.
08:43 EDTCSIQCanadian Solar should be bought on sell-off, says Canaccord
Canaccord reiterated its Buy rating on Canadian Solar following the sell-off after what it believes were solid Q3 results from the company. The firm feels the entire solar group is detached from fundamentals on concerns of cheap energy, but also believes investors were disappointed when the company did not provide details of a YieldCo set-up. Canaccord sees a growing pipeline and continued significant volume for Canadian Solar, but lowers its price target to $46 from $48.
08:41 EDTSPWRSunPower sees FY15 adjusted EPS $1.10-$1.50, consensus $1.31
Sees FY15 non-GAAP revenue $2.4B-$2.6B, consensus $2.80B. Sees FY15 GAAP revenue $2.4B-$2.6B. Sees FY15 gross margin 21%-23%. Sees Fy15 CapEx $300M-$350M.
08:10 EDTSCTYSolarCity to install 20 MW on San Diego military housing
Secretary of the Navy Ray Mabus announced today that Navy and Marine Corps housing units in the San Diego area will receive rooftop solar photovoltaic, or PV, systems through a purchase power agreement between Lincoln Military Housing and SolarCity. The deal, one of SolarCity's largest residential undertakings under its SolarStrong Initiative, will provide solar power to nearly 6,000 homes across 27 privatized neighborhoods, with pending design and interconnection approvals could generate 20 MW or more of solar energy.
07:38 EDTSCTYBloomberg Link to hold a conference
The Year Ahead: 2015 is being held in Washington, D.C. with a pre-conference dinner on November 13 followed by company presentations on November 14,
November 12, 2014
11:40 EDTCSIQCanadian Solar sell-off unjustified on solid Q3 results, says JPMorgan
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10:09 EDTCSIQCanadian Solar falls after results, potential bearish pattern forming
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09:37 EDTCSIQActive equity options trading
Active equity options trading according to Track Data: AAPL CLSN TWTR BABA NFLX TSLA AMZN CSIQ C
09:21 EDTCSIQOn The Fly: Pre-market Movers
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07:37 EDTSUNESunEdison announces joint framework agreement with Aboitiz Renewables
SunEdison announced that it entered into a joint framework agreement with Aboitiz Renewables, a wholly-owned subsidiary of Aboitiz Power. The agreement formalizes their intention to jointly explore, develop, construct and operate up to 300 megawatts of utility-scale solar photovoltaic power generation projects in the Philippines over the next three years. The partnership with Aboitiz Renewables aims to develop the first in a series of utility-scale solar power projects in the Philippines starting in 2015. This follows similar arrangements by SunEdison in India and China through continued leverage of its ability to deploy cost effective solar energy solutions to meet the growing power needs of developing and emerging power markets.
06:35 EDTFSLR, CSIQ, SPWRU.S., China reach carbon emissions deal, NY Times says
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06:00 EDTCSIQCanadian Solar raises FY14 revenue view to $2.93B-$2.98B from $2.7B-$2.9B
Consensus $2.83B. Raises FY14 annual module shipment guidance to 810 MW-860 MW.
05:58 EDTCSIQCanadian Solar sees Q4 revenue $925M-$975M, consensus $977.43M
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05:57 EDTCSIQCanadian Solar reports Q3 EPS $1.75, consensus $1.16
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November 11, 2014
15:32 EDTCSIQCanadian Solar November weekly 31.5 straddle priced for 12% move into Q3
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12:19 EDTSCTYVivint Solar plunges after reporting larger than expected loss
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11:40 EDTFSLRStocks with call strike movement; FSLR GMCR
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07:06 EDTJKSJinkoSolar subsidiary signs $20M credit agreement with Wells Fargo Bank
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