New User:

-or-
Username:
Password:
Forgot your password?

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
Sign up for a free trial to see the rest of the stories you've been missing.
January 26, 2015
11:50 EDTFSLRSolar names rise after Obama pledges U.S. help for Indian solar push
Subscribe for More Information
10:28 EDTFSLRIndia's Mahnidra to add 500 MW of solar energy, Reuters says
Subscribe for More Information
06:48 EDTSPWR, FSLRTax credit, loan guarantee changes could hurt solar energy, NY Times says
Subscribe for More Information
January 23, 2015
08:04 EDTSPWRTotal and SunPower complete 70MW Salvador project
Subscribe for More Information
January 20, 2015
11:03 EDTFSLRStocks with call strike movement; FSLR NE
First Solar (FSLR) January call option implied volatility increased 5% to 48, Noble Corp. (NE) June 18 call option implied volatility increased 9% to 53 according to IVolatility.
January 13, 2015
10:00 EDTSPWROn The Fly: Analyst Upgrade Summary
Subscribe for More Information
09:07 EDTSPWROn The Fly: Pre-market Movers
HIGHER: Apple (AAPL), up 1.4% after Credit Suisse upgraded Apple to Outperform and raised its iPhone volume estimates again... Best Buy (BBY), up 2.8% after being upgraded to Buy from Neutral at Goldman... SunPower (SPWR), up 2.6% after being upgraded to Outperform at Credit Suisse... Alcoa (AA), up 2% after Q4 results beat expectations. RISING AFTER GUIDANCE: Pharmacyclics (PCYC), up 17.5%... CTI BioPharma (CTIC), up 8.3%... Emulex (ELX), up 15.5%... ARIAD (ARIA), up 2.6%. LOWER: ChannelAdvisor (ECOM), down 42% following preliminary fourth quarter revenue guidance and after receiving multiple analyst downgrades... Antares Pharma (ATRS), down 7.7% after the FDA recommended that the company create a larger safety database for its clinical development program for QuickShot Testosterone.
07:33 EDTSPWRSunPower upgraded to Outperform following sell-off at Credit Suisse
Subscribe for More Information
06:39 EDTSPWRSunPower upgraded to Outperform from Neutral at Credit Suisse
Subscribe for More Information

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