New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
May 15, 2014
12:28 EDTCSIQ, SCTY, JKS, SPWR, YGE, FSLRSolars 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
Sign up for a free trial to see the rest of the stories you've been missing.
1 | 2 | 3 | all recent news | >>
April 30, 2015
16:58 EDTFSLRFirst Solar sees Q2 EPS 45c-55c, consensus 40c
Sees Q2 revenue $750M-$850M, consensus $779.65M.
16:57 EDTFSLRFirst Solar reports Q1 GAAP EPS (62c), may not compare to consensus (29c)
Subscribe for More Information
16:52 EDTFSLRCaterpillar signs strategic alliance with First Solar to develop microgrids
Caterpillar (CAT) and First Solar (FSLR) announced a strategic alliance to develop an integrated photovoltaic solar solution for microgrid applications. Under the agreement, First Solar will design and manufacture a pre-engineered turnkey package for use in remote microgrid applications, such as small communities and mine sites. The package will feature Cat-branded solar panels manufactured by First Solar and will include a balance of system components.
16:35 EDTSPWRSunPower says withholding FY15 guidance
SunPower believes that its underlying business fundamentals remain strong for 2015. However, in light of the company's announcement on February 23 of its intention to form a joint YieldCo vehicle, 8point3 Energy Partners, with First Solar, and the pending S-1 registration statement, the company will withhold fiscal year 2015 guidance until the company can finalize the estimates regarding the impact of the proposed YieldCo vehicle on the company's expected financial performance. The company will provide an update at a later date.
16:34 EDTSPWRSunPower reports Q1 adjusted EPS 13c, consensus 9c.
Reports Q1 adjusted revenue $430.6M, consensus $452.56M. Reports Q1 GAAP revenue $440.9M.
13:16 EDTSPWRChinese solars fall after analyst indicates tariff could be scrapped
The shares of Chinese solar stocks are falling after research firm Cowen indicated that China's solar feed-in-tariff program could be altered or canceled in 2016. WHAT'S NEW: After meeting with "numerous solar" companies in China, Cowen analyst Jeffrey Osborne wrote that "there have been discussions around the future of China's national (solar) feed-in tariff program." Solar companies' fourth quarter results may exceed expectations as developers rush to complete projects "if the feed-in tariff program becomes subject to a change, reduction, replacement, or cancellation for 2016 onward," according to Osborne. Moreover, the analyst reported that his conversations indicate that the pricing of solar energy products will bottom in April or May, then be flat to up at the end of Q2. Solar companies' Q1 margins will be challenging due to price drops and foreign exchange fluctuations, the analyst added. However, Q2 orders indicate that pricing has plateaued, while foreign exchange headwinds have eased, according to Osborne. Two to three gigawatts of the five gigawatts of solar energy that China reported were installed in Q1 were probably actually completed last year and then connected to the grid this year, Osborne reported. On a positive note, the analyst, confirming recent reports says that demand for solar energy in China is accelerating. He predicts that demand will spike in Q3, as new projects may not be eligible for the feed-in tariff if they are less than 50% complete by November 30. He identified his favorite names ion the solar sector as Trina Solar (TSL), SunPower (SPWR), SunEdison (SUNE), and Amtech Systems (ASYS). PRICE ACTION: In mid-afternoon trading, JinkoSolar fell 1.5% to $28.80, Trina Solar declined 3% to $12.50, Canadian Solar dropped 3% to $36, SunPower fell 2% to $32.70, JA Solar lost 2.5% to $10.30, and SunEdison dropped 1% to $25.80. .
08:42 EDTYGE, FSLR, CSIQ, SPWRChina solar demand accelerating, likely to spike in Q3, says Cowen
Subscribe for More Information
07:30 EDTSCTYDeutsche Bank lays out upcoming catalysts for SolarCity
Subscribe for More Information
07:18 EDTSCTYGoldman's top Q1 ideas in Solar
Subscribe for More Information
April 29, 2015
15:46 EDTYGE, FSLR, CSIQ, SPWR, SCTYCalifornia sets aggressive greenhouse gas reduction target, Clean Technica says
Subscribe for More Information
05:58 EDTFSLRStocks with implied volatility movement; TZA FSLR
Subscribe for More Information
April 28, 2015
12:29 EDTCSIQ, SPWR, YGE, FSLRCanadian Solar sees panel shortage in 2H as demand grows, Bloomberg says
Subscribe for More Information
08:55 EDTFSLRFirst Solar May weekly volatility elevated into Q1 and outlook
Subscribe for More Information
06:16 EDTSCTYSolarCity service available in New Hampshire
SolarCity is making its popular solar service available in New Hampshire for the first time. SolarCity will make it possible for many New Hampshire homeowners to install solar with no upfront cost and pay less for solar electricity than they pay for utility power, even without including local incentives. The company can allow New Hampshire homeowners to go solar for as little as $30 per month, with design, installation, financing, insurance, monitoring and a performance guarantee included. SolarCity plans to open an operations center in the Manchester area and has begun posting local job openings on its website.
April 27, 2015
08:47 EDTJKS, CSIQ, YGERoth Capital to hold a tour
2nd Annual ROTH China Solar Tour travels throughout Shanghai, China on April 27-30.
07:12 EDTJKSJinkoSolar supplied 3MW of PV modules to Emobotelladora de Sula
Subscribe for More Information
April 23, 2015
06:30 EDTYGEYingli Green Energy agrees to sell idle land
Subscribe for More Information
05:56 EDTSCTYStocks with implied volatility movement; V SCTY
Subscribe for More Information
05:28 EDTYGEYingli Green Energy provides Pakistan Parliament to be powered by solar panels
Subscribe for More Information
April 22, 2015
07:49 EDTSCTYTesla has 'significant' opportunity in energy storage, says Deutsche Bank
Subscribe for More Information
1 | 2 | 3 | all recent news | >>

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use