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Stock Market & Financial Investment News

News Breaks
February 27, 2013
11:09 EDTFSLR, TSL, JASO, CSIQ, LDK, SPWR, ESLR, STP, YGESolar stocks sink following First Solar quarterly report
Solar energy stocks are retreating after First Solar (FSLR) provided weaker than expected first quarter guidance. First Solar's fourth quarter revenue also came in below analysts' expectations. The company's market environment has been "very challenging" and is "expected to remain turbulent for some time to come," First Solar CEO Jim Hughes stated. In the fourth quarter, the company's book to bill activity was disappointing and the solar energy market continues to be "extremely competitive," Hughes added. Also, yesterday morning Trina Solar (TSL) reported a much larger than expected fourth quarter earnings per share loss. After reporting a fourth quarter earnings per share loss of $1.23, versus analysts' consensus estimate of an 82c per share loss, Trina Solar made comments to those made this morning by First Solar. "Our bottom line continued to be adversely impacted by a supply-demand imbalance and aggressive pricing by some competitors," Trina CEO Jifan Gao stated. In mid-morning trading, First Solar tumbled 17% to near $26.05, Trina dropped 5.6% to $4.00, SunPower (SPWR) retreated 7% to $10.85 and Canadian Solar (CSIQ) gave back 6% to $4.
News For FSLR;TSL;JASO;CSIQ;LDK;SPWR;ESLR;STP;YGE From The Last 14 Days
Check below for free stories on FSLR;TSL;JASO;CSIQ;LDK;SPWR;ESLR;STP;YGE the last two weeks.
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July 28, 2014
09:17 EDTFSLROn The Fly: Pre-market Movers
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08:06 EDTYGEYingli Green Energy comments on tariff decision by Commerce Department
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08:05 EDTSPWRHannon Armstrong to provide up to $44.5M for SunPower's solar lease program
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05:44 EDTFSLRFirst Solar, XSOL establish supply agreement in Japan
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July 27, 2014
20:10 EDTFSLR, YGE, TSLU.S proposes penalties on certain Chinese solar-energy imports, Bloomberg says
The U.S Commerce Department proposed expanded penalties on some Chinese solar-energy imports, says Bloomberg. The agency said in a preliminary finding that Chinese manufacturers were unfairly selling goods in the U.S. at unfairly low prices, added Bloomberg. Reference Link
July 23, 2014
08:11 EDTYGEYingli Green Energy to supply PV modules to large project in Japan
Yingli Green Energy's (YGE) wholly-owned subsidiary, Yingli Green Energy Japan, has signed an agreement to supply 32 MWs of multicrystalline PV modules to a large-scale project located in Okayama, Japan. The company will deliver approximately 108K YGE 72 Cell Series modules for the project from January 2015 to December 2015. The project is financed by GE (GE) Energy Financial Services.
July 22, 2014
08:16 EDTYGEYingli Green Energy opens third Latin American office in Chile
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07:36 EDTFSLRFirst Solar shares dramatically undervalued, says Brean Capital
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July 18, 2014
12:48 EDTSPWR, CSIQ, FSLRSolar stocks rise after successful IPO in space
Shares of solar energy companies are rising after a solar energy company's subsidiary surged on its first day of trading. WHAT'S NEW: The shares of SunEdison (SUNE) subsidiary TerraForm (TERP) are surging 36% in early afternoon trading. TerraForm Power opened at $33.26 and was trading near $34 per share at midday, after its initial public offering priced at $25 per share. TerraForm was formed to own and operate assets that generate clean power and the company plans to pay dividends. In a note to investors yesterday, Josh Baribeau, an analyst at Canaccord Genuity, wrote that TerraForm is a Yieldco. Subsidiaries of energy companies that own power plants and projects, Yieldcos typically trade on stock exchanges. Noting that TerraForm's IPO had priced at the high end of its expected range yesterday and was well oversubscribed, Baribeau wrote that this outcome reflects the strong demand for Yieldcos among investors. The Yieldcos provide investors with yield which is in high demand in today's low interest rate environment, the analyst stated. Additionally, as a result of the strong demand for Yieldcos' stocks, they provide their parent companies with "cheap and abundant capital," the analyst stated. SunEdison and TerraForm will grow their combined cash available for distributions at a faster rate than their target of 15% over the next three years, helping SunEdison's stock rise, the analyst stated. He kept a $30 price target and Buy rating on SunEdison. WHAT'S NOTABLE: A number of solar energy companies that own solar projects could form Yieldcos, research firm Trefis wrote in a Forbes column last month. Like Canaccord's Baribeau, Trefis believes that Yieldcos provide their parent companies with a cheap source of funding. Yieldcos also distribute most of their cash through dividends, Trefis stated. The firm named First Solar (FSLR) and SunPower (SPWR) as companies that could launch their own Yieldcos. PRICE ACTION: In early afternoon trading, Terraform jumped 36% to $34 and SunEdison was down 1% to $22.76. Meanwhile, First Solar rose 1.4% to $62.29, SunPower climbed 2.7% to $38.71, JinkoSolar gained 2.8% to $26.75, and Canadian Solar (CSIQ) advanced 3% to $28.71.
05:19 EDTLDKLDK Solar announces board now has 9 members after resignation of 2 directors
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July 17, 2014
08:02 EDTYGEYingli Green Energy to supply PV modules to project in China's Hubei Province
Yingli Green Energy will supply 3 MWs of PV modules to a demonstration project for distributed generation in Wuhan, the capital of Hubei province in eastern China. Construction of the project will begin in September and is expected to be completed within 5 months.
July 16, 2014
07:08 EDTCSIQCanadian Solar responds to WTO ruling against U.S. PV import duties
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July 15, 2014
07:04 EDTYGE, TSL, SPWR, JASO, FSLR, CSIQWTO says U.S. tariffs on Chinese solar cells against rules, Xinhua reports
The World Trade Organization yesterday ruled that U.S. tariffs on Chinese solar cells violated the rules of the organization, according to Xinhua. China requested that the WTO probe the subsidies in 2012, the news service noted. The WTO also said that U.S. tariffs on Chinese steel products and paper violated the organization's rules, the news service added. 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).Reference Link
06:07 EDTYGEYingli Green Energy signs EPC contract with Senelec for 2 MW project
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