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Stock Market & Financial Investment News

News Breaks
March 19, 2014
13:45 EDTJKS, SPWR, SUNE, SCTY, CSIQ, FSLRFirst 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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April 28, 2015
06:16 EDTSCTYSolarCity service available in New Hampshire
SolarCity is making its popular solar service available in New Hampshire for the first time. SolarCity will make it possible for many New Hampshire homeowners to install solar with no upfront cost and pay less for solar electricity than they pay for utility power, even without including local incentives. The company can allow New Hampshire homeowners to go solar for as little as $30 per month, with design, installation, financing, insurance, monitoring and a performance guarantee included. SolarCity plans to open an operations center in the Manchester area and has begun posting local job openings on its website.
April 27, 2015
08:47 EDTCSIQ, JKSRoth Capital to hold a tour
2nd Annual ROTH China Solar Tour travels throughout Shanghai, China on April 27-30.
07:12 EDTJKSJinkoSolar supplied 3MW of PV modules to Emobotelladora de Sula
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April 23, 2015
05:56 EDTSCTYStocks with implied volatility movement; V SCTY
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April 22, 2015
07:49 EDTSCTYTesla has 'significant' opportunity in energy storage, says Deutsche Bank
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07:11 EDTSUNESunEdison to convert landfill site in Winchendon to 2.6 MW solar power plant
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06:09 EDTSUNESunEdison appoints Pancho Perez as COO
SunEdison announced that Pancho Perez has been appointed to the newly created role of EVP and COO. Perez's appointment extends his role as COO for TerraForm Power to leadership in the same role across the SunEdison platform. Perez has previously served as president of SunEdison Europe, Middle East, and Latin America.
April 21, 2015
10:01 EDTSCTYOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: Agios Pharmaceuticals (AGIO) initiated with a Perform at Oppenheimer... Bed Bath & Beyond (BBBY) initiated with a Buy at Cantor... BioCryst (BCRX) initiated with an Outperform at FBR... Bovie Medical (BVX) initiated with an Outperform at JMP Securities... Calavo Growers (CVGW) initiated with a Buy at Janney Capital... Clorox (CLX) initiated with a Sector Weight at KeyBanc... Coach (COH) initiated with a Sell, $32 target at Cantor... Compugen (CGEN) initiated with an Outperform at Oppenheimer... Corcept Therapeutics (CORT) initiated with an Outperform at FBR Capital... Criteo (CRTO) initiated with an Outperform at Raymond James... CytRx (CYTR) initiated with an Outperform at FBR Capital... Dollar Tree (DLTR) initiated with a Buy at Cantor... Facebook (FB) initiated with a Buy at Cleveland Research... Gap (GPS) initiated with a Hold at Cantor... Genocea (GNCA) initiated with an Outperform at FBR Capital... Geron (GERN) initiated with an Outperform at Oppenheimer... Home Depot (HD) initiated with a Hold at Cantor... HubSpot (HUBS) initiated with a Buy at Needham... Jernigan Capital (JCAP) initiated with a Buy at Wunderlich... La Jolla (LJPC) initiated with an Outperform, $43 target at Oppenheimer... Lowe's (LOW) initiated with a Hold at Cantor... Lumber Liquidators (LL) initiated with a Buy, $45 target at Cantor... New Residential (NRZ) reinstated with an Outperform at Credit Suisse... Rent-A-Center (RCII) initiated with a Buy at Cantor... Ross Stores (ROST) initiated with a Hold at Cantor... Rubicon Project (RUBI) initiated with an Outperform at Raymond James... SolarCity (SCTY) initiated with an Outperform at Northland... SolarEdge (SEDG) initiated with a Buy at Canaccord... Spectrum Brands (SPB) initiated with an Overweight at KeyBanc... Summit Materials (SUM) initiated with a Buy at BB&T... Synergy Resources (SYRG) initiated with a Buy at KLR Group... Synta Pharmaceuticals (SNTA) initiated with an Outperform at FBR Capital... TJX (TJX) initiated with a Hold at Cantor... Tiffany (TIF) initiated with a Hold at Cantor... TubeMogul (TUBE) initiated with a Market Perform at Raymond James... Urban Outfitters (URBN) initiated with a Buy at Cantor... WhiteWave Foods (WWAV) initiated with a Neutral at Janney Capital... Williams-Sonoma (WSM) initiated with a Hold at Cantor... Zafgen (ZFGN) initiated with an Outperform at FBR Capital.
07:16 EDTSUNESunEdison and TerraForm close financing for portfolio of 97 MW of solar projects
SunEdison (SUNE) and TerraForm (TERP) announced that they have closed financing of a 97 megawatts DC portfolio of utility-scale photovoltaic solar projects in the UK that were connected during the first quarter of 2015. The portfolio is comprised of eight large-scale solar farms across England and Wales that will have the combined capacity to power nearly 30,000 homes per year. Individual project size varies from 6 to 19 MW. Financing for the construction of the solar farms has been provided by Bayerische Landesbank, which provided a GBP 84.6 million non-recourse loan. EDF Energy, the UK's largest producer of low-carbon electricity, will purchase the solar energy under a 15-year power purchase agreement with SunEdison. As announced on March 31, 2015, TerraForm Power has acquired plants with a capacity of 53 MW from this portfolio. It intends to acquire the remaining 44 MW, currently included on SunEdison's Call Right Project List for TerraForm Power, during the second quarter of 2015.
April 20, 2015
16:33 EDTSCTYSolarCity initiated with an Outperform at Northland
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05:10 EDTSPWRSunPower begins construction on 86 MWp solar project in South Africa
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April 17, 2015
13:02 EDTFSLRSouthern Company announces five solar projects in three states
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April 16, 2015
11:27 EDTSUNESunEdison initiated with an Outperform at Avondale
Target $35.
11:03 EDTSCTYSolarCity initiated with an Outperform at Avondale
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09:05 EDTFSLRSouthern Company subsidiary acquires California solar project
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08:43 EDTSPWRSunPower's China joint venture with Apple to provide solar power in China
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April 15, 2015
12:14 EDTSCTYSolarCity active call on renewed takeover speculation
SolarCity April 56.5 and 57 calls are active on total call volume of 4K contracts (1K puts) on renewed takeover speculation. April call option implied volatility is at 45, May is at 52, July is at 42, October is at 37; compared to its 26-week average of 49 according to Track Data. Active call volume suggests traders taking positions for large near term price movement.
12:05 EDTSCTYRumor: SolarCity active on renewed takeover speculation
Shares of SolarCity (SCTY) are moving higher amid speculation Mitsubishi Electric may acquire the company.
06:52 EDTFSLR, SPWR, CSIQJapanese judge blocks relaunch of nuclear plants, NY Times says
A Japanese judge yesterday blocked the country's government from restarting two nuclear power plants, according to The New York Times. None of Japan's 48 reactors has been operating since the Fukushima disaster, and the judge's decision is potentially significant because it directly challenges the government's new nuclear safety standards, the newspaper stated, adding that the two affected reactors may not reopen for months or even years. Cameco (CCJ) develops uranium used by nuclear plants. Solar energy companies whose products may be used to supplement nuclear power in Japan include Canadian Solar (CSIQ), First Solar (FSLR), JA Solar (JASO), SunPower (SPWR), Trina Solar (TSL) and Yingli Green Energy (YGE). Reference Link

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