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Stock Market & Financial Investment News

News Breaks
June 4, 2014
13:29 EDTSPWR, FSLRFirst 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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March 25, 2015
08:12 EDTSPWREnerNOC and SunPower announce strategic agreement
EnerNO (ENOC) and SunPower (SPWR) announced a strategic agreement that will enable SunPower's customers to verify the impact of their solar energy investments and drive optimum energy savings with EnerNOC's world-class energy intelligence platform. Under the three-year agreement, EnerNOC will exclusively offer SunPower solar solutions to its enterprise customer base, and SunPower will exclusively offer EnerNOC's energy intelligence software to its commercial and industrial solar customers in the U.S. and Canada. As part of the agreement, SunPower will start deploying EnerNOC's SaaS solution bundled with solar to its existing enterprise and institutional customers.
08:06 EDTSPWREnerNOC, SunPower announce strategic agreement
EnerNOC (ENOC) and SunPower Corp. (SPWR) announced a strategic agreement that will enable SunPower's customers to verify the impact of their solar energy investments and drive optimum energy savings with EnerNOC's world-class energy intelligence platform. Under the three-year agreement, EnerNOC will exclusively offer SunPower solar solutions to its enterprise customer base, and SunPower will exclusively offer EnerNOC's energy intelligence software to its commercial and industrial solar customers in the U.S. and Canada. As part of the agreement, SunPower will start deploying EnerNOC's SaaS solution bundled with solar to its existing enterprise and institutional customers. The agreement announced today is the latest in SunPower's strategy to invest in integrated technology solutions to help customers manage their cost of energy, reinforcing the company's evolution to offering Smart Energy solutions for its residential, commercial and utility customers. The agreement also advances EnerNOC's strategy to offer a broad and integrated software platform to support the energy management needs of its commercial and industrial customers.
March 20, 2015
06:55 EDTFSLR, SPWRU.S. delegates to work with China on environmental issues, China Daily says
The U.S. government is sending several high-level representatives to China in an effort to advance cooperation on energy, the environment and climate change, China Daily reported yesterday. The two countries signed a major climate change deal in November, the newspaper noted. Publicly traded companies in the solar energy space include Canadian Solar (CSIQ), First Solar (FSLR), JA Solar (JASO), SunPower (SPWR), Trina Solar (TSL) and Yingli Green Energy (YGE). Reference Link

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