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Stock Market & Financial Investment News

News Breaks
January 6, 2014
10:08 EDTFSLR, SCTYFirst 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
Check below for free stories on FSLR;SCTY the last two weeks.
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September 29, 2014
09:37 EDTSCTYActive equity options trading on open
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September 26, 2014
10:48 EDTFSLRStocks with call strike movement; MU FSLR
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06:42 EDTSCTYSolarCity management to meet with Roth Capital
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September 24, 2014
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 EDTFSLRSolar 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 19, 2014
06:41 EDTFSLRGlobal 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 EDTFSLRSolarbuzz: Five APAC markets to have 60% of solar PV demand, DigiTimes says
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September 17, 2014
08:18 EDTFSLRCanadian 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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