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Stock Market & Financial Investment News

News Breaks
February 26, 2014
10:38 EDTCSIQ, JKS, SPWR, SUNE, FSLRFirst Solar sinks after results miss expectations
Shares of First Solar (FSLR) are tumbling after the company reported significantly weaker than expected fourth quarter results and provided lower than expected first quarter profit guidance. First Solar develops photovoltaic solar modules and builds solar power plants. WHAT'S NEW: First Solar's fourth quarter earnings per share, excluding some items, came in at 89c, versus analysts' consensus estimate of 99c. The company's revenue also came in below expectations. Moreover, First Solar provided first quarter EPS guidance of 50c-60c, versus the consensus outlook of 84c. The solar energy company's first quarter revenue guidance was $800M-$900M, versus the consensus outlook of $898.25M. First Solar stated that its fourth quarter revenue was negatively affected by the timing of revenue generation from several of its projects. There were delays in "a couple" projects for which the company had expected to recognize revenue in Q4, the company stated. As a result of the delays, First Solar now expects to recognize revenue from these projects this year instead. Moreover, the company obtained initial revenue from several projects in the third quarter, rather than last quarter, the company added. Furthermore, First Solar stated that its Q1 guidance "is not indicative" of the company's full-year outlook, as it expects to be paid later in the year for a number of projects it is currently building. First Solar will provide more detail about its full-year outlook at its Analyst Day on March 19, the company stated. ANALYST REACTION: In a note to investors earlier today, Citigroup analyst Shahriar Pourreza wrote that First Solar's results were weaker than expected due to timing issues. The company's Analyst Day, where it should provide 2014 guidance, will be a "key catalyst, and investors will now likely focus on the event, wrote the analyst. Pourreza, who added that First Solar's Q1 guidance could be conservative, kept a $63 price target and Buy rating on the shares. OTHERS TO WATCH: Other names in the sector include SunPower (SPWR), Canadian Solar (CSIQ), Sunedison (SUNE), and JinkoSolar (JKS). PRICE ACTION: In mid-morning trading, First Solar sank $6.17, or 10.7%, to $51.80.
News For FSLR;SPWR;CSIQ;SUNE;JKS From The Last 14 Days
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November 17, 2014
15:21 EDTSPWRSunPower 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 EDTSPWRWarren 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
15:00 EDTSPWRRumor: SunPower strength attributed to takeover speculation
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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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07:06 EDTCSIQCanadian Solar achieves PV module qualification with Sunrun
Canadian Solar announced that Sunrun, one of the largest dedicated residential solar companies in the United States, approved Canadian Solar as its qualified vendor.
06:34 EDTSPWRSunPower outlook only 'optically' soft, says Citigroup
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November 14, 2014
16:52 EDTSUNEGreenlight Capital gives quarterly update on stakes
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09:38 EDTSUNEJANA Partners gives quarterly update on stakes
NEW STAKES: AMD (AMD), AECOM Technology (ACM), Alibaba (BABA), McDonald's (MCD), Amgen (AMGN), Gaming and Leisure Properties (GLPI), Iron Mountain (IRM), iRobot (IRBT), Seadrill Partners (SDLP), Valeant (VRX). INCREASED STAKES: eBay (EBAY), Charter (CHTR), Groupon (GRPN), HD Supply (HDS), Hertz (HTZ). DECREASED STAKES: Apache (APA). LIQUIDATED STAKES: CBS (CBS), Endo (ENDP), FMC Corporation (FMC), SeaWorld (SEAS), SunEdison (SUNE).
November 13, 2014
14:50 EDTSUNELonestar Capital to shut down by mid-2015, WSJ reports
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14:45 EDTSUNELonestar capital to shut down, DJ reports
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11:16 EDTCSIQCanadian Solar at a key technical juncture, levels to watch
Share price has continued to fall since earnings, with price last at $26.34. In a note from a few sessions ago we mentioned that there was a large potential head and shoulders pattern with a neckline at the $26 area. The behavior of the shares now may be either to trigger that pattern by continuing to fall below $26, or, to bounce thereby thwarting the pattern. A move below $26 would have the pattern become active, with downside potential over time to the $14 area. A bounce from these levels that sustains above $26 would void the pattern through time decay, price, or a combination of both.
10:44 EDTFSLROptions with decreasing implied volatility
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09:29 EDTSPWRSunPower to host analyst day
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09:14 EDTCSIQCanadian Solar should be bought opportunistically on weakness, says Roth Capital
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09:12 EDTSPWRSunPower and Castaic Lake Water Agency begin 3.5MW solar expansion project
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08:45 EDTSPWRSunPower sees Q4 GAAP EPS $1.00-$1.25, may not compare to consensus 33c
Sees Q4 GAAP revenue $1.12B-$1.17B, may not compare to consensus $624.06M.
08:43 EDTCSIQCanadian Solar should be bought on sell-off, says Canaccord
Canaccord reiterated its Buy rating on Canadian Solar following the sell-off after what it believes were solid Q3 results from the company. The firm feels the entire solar group is detached from fundamentals on concerns of cheap energy, but also believes investors were disappointed when the company did not provide details of a YieldCo set-up. Canaccord sees a growing pipeline and continued significant volume for Canadian Solar, but lowers its price target to $46 from $48.
08:41 EDTSPWRSunPower sees FY15 adjusted EPS $1.10-$1.50, consensus $1.31
Sees FY15 non-GAAP revenue $2.4B-$2.6B, consensus $2.80B. Sees FY15 GAAP revenue $2.4B-$2.6B. Sees FY15 gross margin 21%-23%. Sees Fy15 CapEx $300M-$350M.
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