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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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November 21, 2014
09:40 EDTSCTYSolarCity's Wal-Mart news mentioned cautiously at Raymond James
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09:17 EDTSCTYOn The Fly: Pre-market Movers
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06:28 EDTFSLRNRG Energy to seek large cuts in carbon emissions
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November 20, 2014
17:21 EDTSCTYSolarCity announces new power, energy storage projects with Walmart
SolarCity (SCTY) announced it has entered into contract with Walmart (WMT) for the installation of new solar projects at facilities in up to 36 states over the next four years. SolarCity has completed more than 200 solar projects at Walmart locations since 2010. SolarCity has also installed and tested energy storage projects co-located with solar power generation at 13 Walmart facilities since early 2013, and will be incorporating ten additional storage projects in the next year.
November 19, 2014
11:20 EDTFSLRStocks with call strike movement; FSLR YHOO
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November 17, 2014
15:21 EDTSCTYSunPower turns negative following SolarCity segment on FBN
Shares of SunPower (SPWR) briefly spiked in afternoon trading after Liz Claman of Fox Business News stated earlier on her Twitter feed: "The sun attracts billionaires! @SunPower has @WarrenBuffett investing, @solarcity has @elonmusk in." Claman appeared to have been referring to Buffett's prior investment in SunPower's 579-megawatt Solar Star development, not a new investment in its stock. The anchor spoke with SolarCity (SCTY) CEO Lyndon Rive on the network and none of the discussion focused on new events regarding Buffett or SunPower, which is now down 1% in afternoon trading near $27.24.
15:03 EDTSCTYWarren Buffett investing in SunPower, FBN's Claman reports
Fox Business News' Liz Claman stated earlier on her Twitter feed: "The sun attracts billionaires! @SunPower has @WarrenBuffett investing, @solarcity has @elonmusk in." Reference Link
11:35 EDTFSLRStocks with call strike movement; GNW FLSR
Genworth (GNW) March 11 call option implied volatility increased 6% to 53, First Solar (FSLR) March 55 call option implied volatility increased 12% to 51 according to IVolatility.
09:59 EDTFSLRFirst Solar calls active on renewed takeover speculation
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09:46 EDTFSLRRumor: First Solar strength attributed to renewed takeover speculation
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