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Stock Market & Financial Investment News

News Breaks
May 15, 2014
12:28 EDTJKS, SPWR, YGE, FSLR, CSIQ, SCTYSolars retreat after India reportedly mulls tariffs
Shares of several solar energy companies are slumping after Bloomberg reported that the Indian government found evidence that companies had dumped solar products in India. WHAT'S NEW: First Solar (FSLR) and Yingli Green (YGE) were among the foreign companies that sold solar equipment in India for much less than in their home markets, the Indian government found, according to Bloomberg. New Delhi may respond by imposing tariffs on U.S. and Chinese solar products, the news service stated. Duties would make most large scale solar projects in the country unviable, Bloomberg quoted an India-based consultant as saying. WHAT'S NOTABLE: In a note to investors earlier today, Deutsche Bank analyst Vishal Shah wrote that the risk/reward ratio on SolarCity (SCTY) and SunPower (SPWR) are attractive at current levels. SunPower should benefit from strong demand for existing projects that can be carried out by yieldcos, Shah wrote. Yieldcos are subsidiaries of energy companies that own power plants and projects and typically trade on stock exchanges. Meanwhile, if the U.S. imposes duties on solar equipment imported from Taiwan next month, SolarCity is confident that it can respond by reducing the costs of overall systems, the analyst reported. The company's price increases should be much less than the consensus outlook, according to Shah, who kept Buy ratings on SolarCity and SunPower. PRICE ACTION: In early afternoon trading, First Solar gave back 4.5% to $59.11, Yingli Green dropped 5.6% to $2.88, JinkoSolar (JKS) plunged 9.4% to $23.80, Canadian Solar (CSIQ) sank 7.4% to $24.93, SunPower slid 4.5% to $31.51, and SolarCity tumbled 6.5% to $50.85.
News For FSLR;SPWR;SCTY;YGE;JKS;CSIQ From The Last 14 Days
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November 17, 2014
15:25 EDTSPWRSunPower call activity attributed to takeover speculation
SunPower November 28 and 28.5 call activity is attributed to takeover speculation. November call option implied volatility is at 60, November is at 53, December is at 89, January is at 51; compares to its 26-week average of 55 according to Track Data. Active call volume suggests traders taking positions for large near term price movement.
15:21 EDTSPWR, SCTYSunPower 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 EDTSPWR, SCTYWarren 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 13, 2014
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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09:40 EDTSCTYActive equity options trading
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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.
08:10 EDTSCTYSolarCity to install 20 MW on San Diego military housing
Secretary of the Navy Ray Mabus announced today that Navy and Marine Corps housing units in the San Diego area will receive rooftop solar photovoltaic, or PV, systems through a purchase power agreement between Lincoln Military Housing and SolarCity. The deal, one of SolarCity's largest residential undertakings under its SolarStrong Initiative, will provide solar power to nearly 6,000 homes across 27 privatized neighborhoods, with pending design and interconnection approvals could generate 20 MW or more of solar energy.
07:38 EDTSCTYBloomberg Link to hold a conference
The Year Ahead: 2015 is being held in Washington, D.C. with a pre-conference dinner on November 13 followed by company presentations on November 14,
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