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Stock Market & Financial Investment News

News Breaks
March 19, 2014
13:45 EDTFSLR, SCTY, SPWR, CSIQ, SUNE, JKSFirst 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
Check below for free stories on FSLR;SCTY;SPWR;CSIQ;SUNE;JKS the last two weeks.
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September 16, 2014
07:37 EDTCSIQJPMorgan to hold a conference
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05:55 EDTCSIQCanadian Solar announces 1.5 MW solar module supply agreement in Jordan
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September 15, 2014
17:33 EDTSUNESunEdison, TerraForm announce interconnection of 50 Megawatts solar projects
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14:00 EDTSCTYSolarCity calls active on wide price movement
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09:14 EDTJKSIPO of JinkoSolar unit could be material catalyst, says Roth Capital
After meeting with JinkoSolar's CFO and one of its directors, Rtoth Capital believes that the IPO of the company's project business could be a significant catalyst for the stock, as the unit could be the first public Chinese solar yieldco. The firm thinks that the Chinese solar market is improving, and it reiterates a $40 price target and Buy rating on the shares.
September 12, 2014
13:03 EDTFSLR, SPWR, CSIQSolar stocks rise after Trina says can't keep up with demand
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September 11, 2014
14:10 EDTCSIQ, SPWR, FSLRIndia to invest $100B in renewable energy, Economic Times says
India will invest $100B in renewable energy over the next four years, the country's Power, Coal and Renewable Energy Minister Piyush Goyal said today, according to Economic Times. The country has also decided not to impose tariffs on foreign solar energy companies, the minster indicated, according to the newspaper. Publicly traded solar energy companies include Canadian Solar (CSIQ), First Solar (FSLR), JA Solar (JASO), SunPower (SPWR), Trina Solar (TSL) and Yingli Green Energy (YGE). GE (GE) makes wind turbines. Reference Link
September 10, 2014
09:22 EDTSUNEOn The Fly: Pre-market Movers
HIGHER: Twitter (TWTR), up 2.8% after upgraded at UBS... SunEdison (SUNE), up 2.7% after Google (GOOG) to provide $145M investment in the company's Regulus solar plant... Camtek (CAMT), up 15% after receiving new orders of $3.0M from large OSAT... Doral Financial (DRL), up 12.5% after announcing sale of approximately $430M in assets... Imperva (IMPV), up 1.5% after upgraded at Oppenheimer... Mandalay Digital (MNDL), up 13.7% after updating its guidance. UP AFTER EARNINGS: Land's End (LE), up 8.7%... Palo Alto (PANW), up 4.4%. LOWER: eBay (eBAY), down 2.6% after downgraded at Piper Jaffray following yesterday's launch of Apple Pay (AAPL)... Mobileye (MBLY), down 2.5% after downgraded at Deutsche Bank... Krispy Kreme (KKD), down 2% after Q2 earnings report... GT Advanced (GTAT), down 7% after downgraded at Goldman and Piper Jaffray... Boyd Gaming (BYD), down 3.3% after downgraded at Morgan Stanley... Urban Outfitters (URBN), down 2% after reporting Q3 SSS were so far in the low single-digits negative... Armada Hoffler (AHH), down 6% after filing to sell 5M shares of common stock... AvalonBay (AVB), down 1.8% after to sell 4.5M shares in a forward sales agreement with Goldman... AngloGold (AU), down 12% after announcing plans to restructure its international mining under a new company and saying equity capital raising being contemplated.
07:08 EDTCSIQCanadian Solar sells Mighty Solar power plant to Concord Green Energy
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07:04 EDTSUNEGoogle to provide $145M investment in SunEdison's Regulus solar plant
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07:02 EDTJKSJinkoSolar connects 100MW solar PV project in Jiangsu province to grid
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September 9, 2014
11:47 EDTFSLRStocks with call strike movement; FSLR VRTX
First Solar (FSLR) March 80 call option implied volatility increased 2% to 42, Vertex (VRTX) January 105 call option implied volatility increased 6% to 41 according to IVolatility.
September 8, 2014
12:16 EDTJKSJinkoSolar management to meet with Roth Capital
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09:14 EDTSCTYSolarCity weak since competitor IPO prospectus, says Roth Capital
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07:08 EDTCSIQCanadian Solar partners with Sichuan Development to launch solar investment fund
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September 5, 2014
07:01 EDTJKSJinkoSolar promotes Charlie Cao to CFO
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September 4, 2014
13:48 EDTCSIQGoldman says China announces new solar energy policies
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12:06 EDTSCTYSolarCity volatility at low end of historic range
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11:20 EDTSCTYStocks with increasing options volume
Stocks with increasing options volume: BP VMW SCTY X GE MBLY VALE DDD
09:13 EDTSCTYSolarCity to expand in 7 states, open 20 new operations centers
SolarCity announced plans to open 20 new operations centers in seven states . The new regional operations centers are expected to create more than 600 additional jobs in Arizona, California, Delaware, Maryland, Massachusetts, Nevada and New York. "The new locations will reduce operations costs by decreasing service and installation drive times," the company said.
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