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Stock Market & Financial Investment News

News Breaks
March 12, 2014
09:01 EDTFSLR, SCTY, SPWR, SUNEU.S. solar companies can benefit from owning, operating assets, says Goldman
Goldman sees the transition to owning and operating solar assets as the next stage i nthe maturation of the U.S. solar industry. The firm says that this transition is still in its early stages and will be favorable for U.S. solar companies. It raised its price target on First Solar (FSLR) to $45 from $42, on SolarCity (SCTY) to $88 from $80, on SunPower (SPWR) to $34 from $32, on SunEdison (SUNE) to $22 from $20. It keeps Buy ratings on SunEdison and SolarCity, a Neutral rating on SunPower, and a Sell rating on First Solar.
News For FSLR;SCTY;SPWR;SUNE From The Last 14 Days
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September 24, 2014
16:01 EDTSUNEOptions Update; September 24, 2014
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12:22 EDTSUNEGE says not in talks to acquire SunEdison, Bloomberg reports
Bloomberg cites a GE (GE) spokesperson, who has refuting earlier rumors that the company was considering a purchase of SunEdison (SUNE).
10:51 EDTSUNESunEdison spikes higher on heavy volume, levels to watch
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10:14 EDTSUNESunEdison call volume attributed takeover speculation
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10:06 EDTSUNERumor: SunEdison strength attributed to takeover speculation
08:53 EDTSPWRCanadian Solar, JA Solar, and SunPower remain top picks at Northland
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08:41 EDTSCTYSolarCity reiterated as a top pick at Goldman
Goldman believes SolarCity's $500M convertible offering yesterday, the closing of its Silevo acquisition, and New York state financing package removes an overhang. The firm views recent weakness as an attractive entry point and reiterates SolarCity as a top pick in the sector. Shares are Conviction Buy rated with a $96 price target.
September 23, 2014
16:57 EDTSCTYSolarCity down over 2% after announcing convertible note offering
16:52 EDTSCTYSolarCity files to sell $500M of convertible senior notes due 2019
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13:27 EDTFSLR, SPWRSolar names rally after analyst sees China hitting target
Shares of solar energy companies are climbing after research firm Canaccord issued a positive note on the sector. WHAT'S NEW: After touring parts of Asia, Canaccord analyst Josh Baribeau wrote that he continues to believe that the Asian solar market is "strong and poised to tighten." Following a slow start, China is likely to hit its "aggressive" goal of installing 13 gigawatts of solar energy systems this year, driven by its recent policy changes, Baribeau stated. Moreover, the country will probably be "a resilient" market in coming year, the analyst added. Other markets are also staying strong, and demand and prices for solar components are likely to tighten with supply growing at a limited rate, Baribeau believes. The analyst remains upbeat about Canadian Solar's (CSIQ) project pipeline, contending that the company has been more successful in making deals overseas than its Chinese peers. He raised his price target on the shares to $48 from $44 while keeping a Buy rating on the stock. Canadian Solar is based in Canada but has manufacturing facilities in China. PRICE ACTION: In mid-afternoon trading, Canadian Solar climbed 2.5% to $38.50. Among Chinese solar companies, JinkoSolar (JKS) rose 2% to $31, Trina Solar (TSL) gained 1.5% to $14, and China Sunergy (CSUN) advanced 1.5% to $3.10. Among American solar companies, First Solar (FSLR) gained 1% to $68 and SunPower (SPWR) rose 1% to $35.
11:53 EDTSCTYStocks with call strike movement; SCTY TWTR
SolarCity (SCTY) February 72.5 call option implied volatility decreased 3% to 54, Twitter (TWTR) January 62.5 call option implied volatility increased 2% to 47 according to IVolatility.
09:13 EDTFSLRHelioSage Energy sells 40MW solar PV project to Duke Energy First Solar
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September 22, 2014
07:33 EDTSUNESunEdison to install 241 kW of solar PV micro-grids in Indian villages
SunEdison announced a new project that will install 241 kilowatts of solar PV micro-grids with battery storage in 54 remote Indian villages, bringing electricity access to 7,800 off-grid individuals. Under the Indian government's decentralized distribution generation scheme administered by the Rural Electrification Corporation and Andhra Pradesh Eastern Power Distribution Company Limited, SunEdison will build, operate and then transfer the facilities to the public within five years. SunEdison also announced a new grant to enable 200 salt farmers in the Little Runn of Kutch area of India to purchase solar water pumps. The solar water pumps will be used by the families to pump brine and ultimately to produce salt. SunEdison will begin construction of the mini-grids in October and plans to commission them by March 2015. Capacity building and installation of the solar water pmps will begin in November of this year.
September 19, 2014
07:32 EDTSUNESunEdison completes 1.8MW solar electric solar power plant in New Bedford
SunEdison announced the completion of a 1.8 megawatt DC solar power plant constructed on a remediated EPA Superfund site in New Bedford, Massachusetts. The system was developed on approximately 10 acres of land on the remediated Sullivan's Ledge landfill site and represents another significant step towards meeting the City of New Bedford's goal to satisfy 60% of their electricity needs from solar power. SunEdison partnered with BlueWave Capital to develop the project, arranged construction financing and permanent financing for the project, and managed local partners to provide EPC services. In addition to owning and hosting the site, the City of New Bedford signed a 20-year net credit purchasing agreement with SunEdison at rates that will significantly reduce its electricity costs. The savings generated from the Sullivan's Ledge system are estimated to total over $76,000 annually and $1.8 million dollars over the term of the agreement.
06:41 EDTSPWR, FSLRGlobal solar cell demand in 2014 estimated at 40GWp, DigiTimes says
Taiwan-based makers expect global solar cell demand in 2014 is estimated at 40GWp, reports DigiTimes. Of that amount, 11GWp will be in China, 8GWp in Europe, 7GWp in Japan, 5GWp in US and 1.3GWp in India. According to the sources, China- and Taiwan-based makers together have a total annual capacity of 39-42GWp in 2014, enough to meet global demand. 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
September 18, 2014
07:21 EDTSPWR, FSLRSolarbuzz: Five APAC markets to have 60% of solar PV demand, DigiTimes says
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September 17, 2014
13:10 EDTSUNEChinese solars advance after analysts upbeat on space
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08:18 EDTSUNE, SPWR, FSLRCanadian Solar price target raised to $45 from $40 at FBR Capital
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07:36 EDTFSLRWolfe Research to hold a conference
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September 16, 2014
11:56 EDTSCTYStocks with call strike movement; PBR SCTY
Petrobras (PBR) January 20 call option implied volatility increased 2% to 54, SolarCity (SCTY) January 80 call option implied volatility increased 3% to 53 according to IVolatility.
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