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Stock Market & Financial Investment News

News Breaks
June 4, 2014
13:29 EDTFSLR, SPWRFirst Solar climbs after tariffs imposed on Chinese competitors
Shares of solar energy company First Solar (FSLR) are rising after the U.S. Department of Commerce announced that it would impose duties of 18.5%-35% on imports of many Chinese solar energy products. A number of research firms wrote that First Solar would benefit from the tariffs. WHAT'S NEW: In a preliminary decision, the Commerce Department imposed duties on many Chinese solar energy imports. Additionally, the department closed a loophole by imposing the tariffs on products whose main parts come from China, but are assembled in other countries. While today's move by the Commerce Department is preliminary and is subject to changes later this year, the U.S. will begin collecting the tariffs before a final decision is made permanent, The New York Times reported. ANALYST REACTION: In a note to investors earlier today, Credit Suisse analyst Patrick Jobin wrote that the tariffs were positive for First Solar. The import duties will make First Solar's panels more cost competitive in the U.S., since its panels will not be subject to the duties, the analyst explained. Another company whose panels are likely to become more competitive in the U.S. as a result of the tariffs is SunPower (SPWR), Jobin believes. Meanwhile, Northland Securities analyst Colin Rusch wrote that First Solar and SunPower would both "clearly" benefit from the ruling. WHAT'S NOTABLE: Also today, an Indian court delayed until July 7 a hearing on First Solar's challenge of New Dehli's preliminary determination that the company had dumped solar panels in the Indian market, according to Bloomberg. PRICE ACTION: In mid-afternoon trading, First Solar rose 5% to $66, while SunPower jumped 8% to $35.
News For FSLR;SPWR From The Last 14 Days
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September 19, 2014
06:41 EDTSPWR, FSLRGlobal solar cell demand in 2014 estimated at 40GWp, DigiTimes says
Taiwan-based makers expect global solar cell demand in 2014 is estimated at 40GWp, reports DigiTimes. Of that amount, 11GWp will be in China, 8GWp in Europe, 7GWp in Japan, 5GWp in US and 1.3GWp in India. According to the sources, China- and Taiwan-based makers together have a total annual capacity of 39-42GWp in 2014, enough to meet global demand. Publicly traded companies in the space include Canadian Solar (CSIQ), First Solar (FSLR), JA Solar (JASO), SunPower (SPWR), Trina Solar (TSL) and Yingli Green Energy (YGE). Reference Link
September 18, 2014
07:21 EDTFSLR, SPWRSolarbuzz: Five APAC markets to have 60% of solar PV demand, DigiTimes says
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September 17, 2014
08:18 EDTFSLR, SPWRCanadian Solar price target raised to $45 from $40 at FBR Capital
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07:36 EDTFSLRWolfe Research to hold a conference
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September 12, 2014
13:03 EDTFSLR, SPWRSolar stocks rise after Trina says can't keep up with demand
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September 11, 2014
14:10 EDTSPWR, FSLRIndia to invest $100B in renewable energy, Economic Times says
India will invest $100B in renewable energy over the next four years, the country's Power, Coal and Renewable Energy Minister Piyush Goyal said today, according to Economic Times. The country has also decided not to impose tariffs on foreign solar energy companies, the minster indicated, according to the newspaper. Publicly traded solar energy companies include Canadian Solar (CSIQ), First Solar (FSLR), JA Solar (JASO), SunPower (SPWR), Trina Solar (TSL) and Yingli Green Energy (YGE). GE (GE) makes wind turbines. Reference Link
September 9, 2014
11:47 EDTFSLRStocks with call strike movement; FSLR VRTX
First Solar (FSLR) March 80 call option implied volatility increased 2% to 42, Vertex (VRTX) January 105 call option implied volatility increased 6% to 41 according to IVolatility.

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