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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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December 17, 2014
09:33 EDTFSLRSouthern Company selects First Solar to expand solar development in Georgia
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06:36 EDTCSIQ, SPWR, FSLRU.S. announces tariffs on Chinese, Taiwanese solar companies, NY Times says
The U.S. announced that it would impose tariffs of 26.7%-78.4% on the imports of most Chinese made solar panels, and tariffs of 11.45%-27.5% on solar cells made in Taiwan, according to The New York Times. Duties of 27.6%-50% will be imposed on modules made in China, the newspaper quoted the Commerce Department as saying. American officials still hope that they can reach a settlement with the Chinese on solar trade issues, the newspaper stated. Publicly traded companies in the space include Canadian Solar (CSIQ), First Solar (FSLR), JA Solar (JASO), SunPower (SPWR), Trina Solar (TSL) and Yingli Green Energy (YGE). Reference Link
December 16, 2014
10:42 EDTFSLRFirst Solar calls active on renewed takeover speculation
First Solar December 41.5 and 42 calls are active on total call volume of 5K contracts (3K puts) following renewed takeover speculation. December call option implied volatility is at 64, January and February is at 48; compared to its 26-week average of 46 according to Track Data. Active call volume suggests traders taking positions for upside price movement.
10:07 EDTFSLRRumor: First Solar moves off lows on renewed takeover chatter
Share of First Solar (FSLR) are moving higher on renewed speculation Siemens AG (SIEGY) may be acquire the company.
09:59 EDTSPWROn The Fly: Analyst Upgrade Summary
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09:16 EDTSPWROn The Fly: Pre-market Movers
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08:48 EDTSCTYSolarCity reiterated as a top pick at Goldman
Goldman reiterated SolarCity as a Conviction Buy and a top pick with an $88 price target given secular growth potential and its disruptive business model. The analyst said SolarCity's near-term improving cash flow visibility is underappreciated and sees significant upside to shares.
08:09 EDTSPWRSunPower upgraded at Morgan Stanley
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07:42 EDTSUNESunEdison closes $117M solar fund
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07:07 EDTCSIQCanadian Solar completes sale of RayLight solar power plant
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06:34 EDTSPWRSunPower upgraded to Overweight from Equal Weight at Morgan Stanley
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December 15, 2014
10:10 EDTFSLR, SPWR, SUNESolar stocks could be volatile ahead of ITC/ITA decisions, says Brean Capital
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08:04 EDTSPWRSunPower invests $20M in Tendril
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07:37 EDTSUNESunEdison to invest over $700M to develop 350 MW of solar in Chile
SunEdison (SUNE) announced that the National Energy Commission in Chile has awarded SunEdison a contract to supply 570 gigawatt hours of clean energy a year. SunEdison noted that the National Energy Commission in Chile recently changed the bidding process used to award electricity supply contracts for the regulated market to create a more level playing field across different kinds of energy. With these changes, SunEdison was able to bid on and win supply contracts for 570 gigawatt hours of solar energy. SunEdison was awarded the provision of 190 gigawatt hours per year during the daytime block which begins in 2016 and a further provision of 380 gigawatt hours per during the daytime block which will become operational in 2017. To meet the demand, SunEdison will be investing more than $700M to develop 350 megawatts of utility scale solar photovoltaic power plants throughout the country. The plants will be added to the call right list of TerraForm Power (TERP), a global owner and operator of renewable energy power plants.
December 12, 2014
08:42 EDTCSIQCanadian Solar has reached attractive entry point, says Roth Capital
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07:01 EDTJKSJinkoSolar supplies China General Nuclear Power Group 80 MW of solar modules
JinkoSolar announced that it has supplied 80 MW of solar PV modules to China General Nuclear Power Group for a solar PV project in Neihuang County, Henan Province. Located in Mashang and Liucun, two villages in Neihuang County, Henan Province, the project is being built on the rooftops of traditional agricultural greenhouse. It utilizes 325689 pieces of JinkoSolar's high-efficiency PV modules is expected to be connected to the grid by the end of 2014.
December 10, 2014
11:57 EDTFSLRStocks with call strike movement; NFX FSLR
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08:05 EDTFSLRFirst Solar announces strategic investment in Clean Energy Collective
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December 8, 2014
09:04 EDTCSIQCanadian Solar management to meet with JPMorgan
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06:06 EDTCSIQSharp could sell U.S. solar unit to Canadian Solar, Nikkei reports
Sharp (SHCAY) will reportedly sell its U.S.-based solar energy development unit Recurrent Energy to Canadian Solar (CSIQ) for about $250M, The Nikkei said yesterday. Sharp aims to reach a basic agreement Canadian Solar by the end of the month and complete the sale by spring, the report indicated. Reference Link
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