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February 22, 2013
10:37 EDTYGE, SPWR, JASO, STP, LDK, TSL, ESLR, CSIQ, FSLRSolar stocks advancing after analyst says demand strong
A number of solar stocks are climbing after Deutsche Bank analyst Vishal Shah wrote in a note to investors that there appears to be strong demand for solar energy components in a number of large markets, including the U.S. and China. Prices of solar modules have increased slightly, he reported. Prices of wafers and polysilicon, which are used to make solar panels, have also been increasing, the analyst added. Shah now believes that global demand for solar energy may increase more than his previous 20% projection in 2013. Moreover, the analyst predicted that shares of First Solar (FSLR) and Trina Solar (TSL) will react positively to the companies' upcoming earnings reports. Both companies are slated to report their earnings next Tuesday. Shah maintained Hold ratings on SunPower (SPWR), Trina Solar, and First Solar. In early trading, Trina Solar rose 3.5% to $4.65, SunPower climbed 3% to $12.50, and China's JA Solar (JASO) added 1.5% to $5.2. However, First Solar, which was also downgraded to Underperform at Pacific Crest this morning, fell 2% to $33.72.
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November 25, 2015
12:22 EDTCSIQCanadian Solar downgraded to Hold from Buy at Standpoint Research
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06:03 EDTYGEYingli Green Energy sees Q3 revenue $340M-$350M, consensus $355.24M
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November 24, 2015
07:03 EDTCSIQCanadian Solar to supply 112MW of solar modules to Sunrun
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November 23, 2015
09:18 EDTTSLOn The Fly: Pre-market Movers
UP AFTER EARNINGS: Tyson Foods (TSN), up 2.4%... Mallinckrodt (MNK), up 7.4%. ALSO HIGHER: Novocure (NVCR), up 16.8% after announcing new Phase 3 data from Optune study... CTI BioPharma (CTIC), up 12.7% after the initiation of its rolling new drug application to the FDA for pacritinib... Peabody Energy (BTU), up 14.8% after announcing an asset sale... Sarepta Therapeutics (SRPT), up 5.2% following a positive mention in Barron's. DOWN AFTER EARNINGS: Trina Solar (TSL), down 5.6%. ALSO LOWER: Par Pacific (PARR), down 13.2% after pricing its 3.4M registered direct offering at $22.00... Lions Gate (LGF), down 2.9% after the "Hunger Games" finale opens below the series average.
07:40 EDTTSLTrina Solar expects to ship 1,500-1,650 MW of PV modules in Q4
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07:37 EDTTSLTrina Solar raises FY15 total PV module shipments to 5.5GW - 5.6GW
The company raised its guidance for 2015 total PV module shipments to 5.5 GW to 5.6 GW from its original guidance of 4.9 GW to 5.1 GW, of which 4.6 GW to 4.7 GW will be shipped to third party customers. The revised guidance represents an increase of 50.3% to 53.0% from 2014.
07:37 EDTTSLTrina Solar reports Q3 total module shipments 1,703.2 MW
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07:36 EDTTSLTrina Solar reports Q3 non-GAAP EPS 21c, consensus 28c
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07:35 EDTTSLTrina Solar delivered over 15GW of solar modules worldwide
Trina Solar announced that its accumulative shipments since 2005 have exceeded 15 GW as of the end of Q3, 2015, marking a significant milestone for the company. Trina Solar's efforts in expanding its presence in key markets across the globe, leveraging on its innovative high-quality solar products, strong sales network and brand recognition, have enabled the company to capture numerous opportunities as solar is becoming one of the world's major sources of electricity. With the support of its worldwide customers, the company has increased its market share from approximately 1% in 2005 to more than 10% anticipated in 2015.
November 20, 2015
11:20 EDTCSIQCanadian Solar announces 110 MWp of solar power project wins
Canadian Solar announced that it has won 3 solar photovoltaic projects totaling 110 megawatts in Pirapora, in the state of Minas Gerais, Brazil. Canadian Solar will develop and build the solar power plants. Once connected to the grid, the electricity generated will be sold to CCEE, under a 20-year Power Purchase Agreement at approximately $78.8/MWh. The three projects are targeted to reach commercial operation by late 2018.
07:01 EDTCSIQCanadian Solar wins 110 MWp of solar power projects in Brazil
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06:58 EDTTSLTrina Solar volatility elevated into Q3 and outlook
Trina Solar December call option implied volatility is at 69, January is at 62; compared to its 52-week range of 38 to 91, suggesting large near term price movement into the expected release of Q2 results on November 23.
November 19, 2015
07:12 EDTCSIQCanadian Solar subsidiary closes financing for 100MW Astoria solar power project
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November 17, 2015
13:29 EDTFSLR, SPWRSunEdison selloff continues, shares down 23%
Shares of SunEdison (SUNE) continue to be weak and are down 23% to $3.49 in afternoon trading. Dan Loeb's Third Point last night disclosed it no longer owns the stock while David Einhorn's Greenlight Capital disclosed a reduced stake. Deutsche Bank analyst Vishal Shah lowered his price target for SunEdison this morning to $16 saying language in Vivint Solar's (VSLR) quarterly filing around SunEdison debt financing could concern some investors. SunEdison's solar peers are also weak, with SunPower (SPWR), First Solar (FSLR) and SolarCity (SCTY) all in the red.
08:03 EDTSPWR, CSIQ, JASO, FSLRSolar module makers outlook positive, says Bernstein
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07:04 EDTJASOJA Solar reports Q3 EPS 68c, may not compare to consensus 32c
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November 16, 2015
11:30 EDTFSLRLoeb exits SunEdison while Deutsche says liquidity worries overdone
Deutsche Bank said that investors' fears that SunEdison (SUNE) will run out of liquidity are unfounded, as the solar energy company is not poised to suffer any liquidity events. Meanwhile, quarterly filings are showing that several prominent hedge funds have exited or trimmed their stakes in SunEdison and another firm downgraded the shares of a SunEdison subsidiary. LIQUIDITY WORRIES OVERDONE: Investors are worried about SunEdison's liquidity, but these fears are overdone, wrote Deutsche Bank analyst Vishai Shah. Only about $3B of the company's total $12B debt consists of recourse loans, the analyst stated. Additionally, in the near-term, investors are primarily worried about a $510M payment that SunEdison has to make in connection with its acquisition of the company Wind Energy, according to the analyst. Although SunEdison will not be able to sell its wind projects to TerraForm (TERP) due to the "disarray" of alternative energy financing markets, SunEdison will instead drop the projects into one of its warehouses, enabling it to recognize cash margins for the projects, the analyst explained. Additionally, the interest owed by SunEdison's project development company will only amount to about $150M, versus the $210M per quarter shown on its income statement, Shah stated. The discrepancy is due to the consolidation of its subsidiaries and the non-recourse debt it holds, he explained. Shah kept a $28 price target and Buy rating on SunEdison shares. HEDGE FUND UPDATES: Leon Cooperman's Omega Advisors lowered its stake in SunEdison last quarter, while Dan Loeb's Third Point sold its entire stake in the solar energy company last quarter, their quarterly filings disclosing their positions as of September 30 revealed. TERRAFORM DOWNGRADE: There is "substantial doubt" about TeraForm's ability to profitably buy assets from SunEdison or third parties, according to UBS analyst Julien Dumoulin-Smith. The analyst said he reached this conclusion because of TeraForm's 10%+ dividend yield and deteriorating balance sheet. Given the yieldco's recently revealed need to invest significantly more capital in projects than expected, its balance sheet will be more stressed than he had predicted, the analyst explained. Dumoulin-Smith lowered his price target on TerraForm to $14 from $30 and downgraded the stock to Neutral from Buy. ANOTHER TO WATCH: After meeting with First Solar's (FSLR) management last week, Shah wrote today that he was more confident about the company's upcoming products and earnings. Although investors are concerned about the company's 2017 earnings outlook, its 2017 earnings should grow to over $4 per share that year, he believes. Among the factors that will increase First Solar's profits are cost reductions, capacity expansion, and strong backlog growth, he believes. Shah kept a Buy rating on the shares. PRICE ACTION: In late morning trading, SunEdison fell 8% to $4.53, TerraForm sank 9% to $12.56 after earlier reaching a 52-week low of $12.51 earlier in the session and First Solar was fractionally higher at $52.90.
November 13, 2015
08:20 EDTSPWRSunPower should be bought aggressively at current levels, says Baird
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