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Stock Market & Financial Investment News

News Breaks
January 6, 2014
10:08 EDTSCTY, FSLRFirst Solar drops after Goldman cuts rating to Sell
Shares of First Solar (FSLR) are sinking after Goldman Sachs downgraded the stock to Sell in a note to investors earlier today. WHAT'S NEW: First Solar is poorly positioned, as the company "has virtually no exposure" to the rapidly growing rooftop solar market, Goldman Sachs analyst Brian Lee wrote. The company, which gets almost all of its revenue from utilities, is likely to see its earnings decline, the analyst predicted. He downgraded the stock to Sell from Buy and cut his price target on the shares to $45 from $61. WHAT'S NOTABLE: Lee is much more upbeat about the outlook for another name in the solar sector, Solar City (SCTY). He upgraded the stock to Conviction Buy from Neutral, citing the company's large exposure to the rooftop solar market. Lee, who expects the rooftop solar market to expand at a 45%-plus compound annual growth rate in the U.S. until 2016, raised his price target on Solar City to $80 from $65. PRICE ACTION: In early trading, First Solar sank $3.70, or 6.5%, to $53.05, while Solar City jumped $7, or 12%, to $66.25.
News For FSLR;SCTY From The Last 14 Days
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January 30, 2015
12:12 EDTFSLRSeveral solar stocks rise following RBC upgrades
A number of solar energy stocks are rising after RBC Capital upgraded three names in the sector to Outperform from Sector Perform in a note to investors today. WHAT'S NEW: RBC Capital analyst Mahesh Sanganeria upgraded shares of SunPower (SPWR) to Outperform from Sector Perform. New plants being developed by the company should increase its manufacturing capacity, enabling it to benefit from demand increases, the analyst stated, noting that the company has been unable to keep pace with demand. Meanwhile, SunPower could generate $90M-$100M in cash annually and $70M-$80M in cash available for distribution if it forms a yieldco, the analyst estimated. A yieldco would increase SunPower's value by $1.9B, according to Sanganeria. Yieldcos are subsidiaries of energy companies that own power plants and projects and typically trade on stock exchanges. The analyst raised his price target on SunPower to $36 from $35. Sanganeria also upgraded two Chinese solar companies, JA Solar (JASO) and Trina Solar (TSL). JA Solar should be able to outperform the overall solar market by selling more of its products to markets with higher prices, as well as selling a higher percentage of solar modules that attract higher prices, the analyst believes. Global solar installations should increase in the low to mid teen percentage levels, noted the analyst, who raised his price target on JA Solar to $13 from $12. As for Trina Solar, Sanganeria expects the company to benefit from its strong balance sheet, which should help it expand its business. Additionally, the Chinese company should benefit from stable margins, as it cuts costs faster than solar prices decline, according to Sanganeria. Finally, Trina should be able to increase its profit margins in the longer term by building more solar power plants, wrote the analyst, noting that the company's U.K. plants achieved 20% gross margins, above the company's overall mid-teen percentage margins. Sanganeria raised his price target on the name to $13 from $12. OTHERS TO WATCH: Other publicly traded companies in the solar space include Canadian Solar (CSIQ), First Solar (FSLR), and Yingli Green Energy (YGE). PRICE ACTION: In early afternoon trading, SunPower climbed 1% to $24.25, Trina Solar gained 2% to $9.05, and JA Solar gained 2% to $8.
08:12 EDTSCTYSolarCity, MillerCoors announces solar project
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January 29, 2015
06:01 EDTSCTYSolarCity implied volatility of 48 at lower end of index mean range
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January 28, 2015
05:58 EDTSCTYSolarCity implied volatility of 48 at lower end of index mean range
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January 27, 2015
06:02 EDTSCTYSolarCity implied volatility of 48 at lower end of index mean range
January 26, 2015
11:50 EDTFSLR, SCTYSolar names rise after Obama pledges U.S. help for Indian solar push
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10:28 EDTFSLRIndia's Mahnidra to add 500 MW of solar energy, Reuters says
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06:48 EDTFSLRTax credit, loan guarantee changes could hurt solar energy, NY Times says
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06:10 EDTSCTYSolarCity implied volatility of 49 at lower end of index mean range
January 23, 2015
05:59 EDTSCTYSolarCity implied volatility of 49 at lower end of index mean range
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January 22, 2015
05:58 EDTSCTYSolarCity implied volatility of 51 at lower end of index mean range
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January 20, 2015
11:03 EDTFSLRStocks with call strike movement; FSLR NE
First Solar (FSLR) January call option implied volatility increased 5% to 48, Noble Corp. (NE) June 18 call option implied volatility increased 9% to 53 according to IVolatility.

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