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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
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June 29, 2015
10:25 EDTSCTYFirm says SpaceX explosion could hurt ViaSat
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June 23, 2015
05:30 EDTFSLRFirst Solar modules to power 200 MW solar PV project in Dubai
First Solar announced that it has signed an agreement to supply its high performance photovoltaic, or PV, modules to power the 200 MW AC second phase of the Mohammed bin Rashid Al Maktoum Solar Park in Dubai, the United Arab Emirates.
June 19, 2015
11:21 EDTFSLR8point3 Energy Partners opens at $20.75, IPO priced at $21.00
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11:10 EDTFSLR8point3 Energy Partners IPO indicated to open $20.60
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10:57 EDTFSLR8point3 Energy Partners IPO indicated to open $20.75
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10:52 EDTFSLR8point3 Energy Partners IPO indicated to open $20.50
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10:51 EDTFSLR8point3 Energy Partners IPO indicated to open $20.25
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10:46 EDTFSLR8point3 Energy Partners IPO indicated to open $20, IPO priced at $21
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June 17, 2015
11:50 EDTSCTYSolarCity management to meet with Needham
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