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Stock Market & Financial Investment News

News Breaks
January 16, 2014
10:40 EDTYGE, FSLR, NEEFirst Solar, Yingli Green named as suppliers on NextEra Blythe project
California energy regulators approved a plan for NextEra Energy (NEE) to switch to solar photovoltaic technology from the previously approved solar parabolic-trough system for its proposed 485-megawatt Blythe solar power plant. A revised petition for amendment for the project posted to the website of California's energy department show that NextEra plans to use both First Solar (FSLR) CdTe, or "thin film," cells and Yingli Solar (YGE) polycrystalline cells in the project. Reference Link
News For FSLR;YGE;NEE From The Last 14 Days
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January 30, 2015
12:12 EDTYGE, FSLRSeveral solar stocks rise following RBC upgrades
A number of solar energy stocks are rising after RBC Capital upgraded three names in the sector to Outperform from Sector Perform in a note to investors today. WHAT'S NEW: RBC Capital analyst Mahesh Sanganeria upgraded shares of SunPower (SPWR) to Outperform from Sector Perform. New plants being developed by the company should increase its manufacturing capacity, enabling it to benefit from demand increases, the analyst stated, noting that the company has been unable to keep pace with demand. Meanwhile, SunPower could generate $90M-$100M in cash annually and $70M-$80M in cash available for distribution if it forms a yieldco, the analyst estimated. A yieldco would increase SunPower's value by $1.9B, according to Sanganeria. Yieldcos are subsidiaries of energy companies that own power plants and projects and typically trade on stock exchanges. The analyst raised his price target on SunPower to $36 from $35. Sanganeria also upgraded two Chinese solar companies, JA Solar (JASO) and Trina Solar (TSL). JA Solar should be able to outperform the overall solar market by selling more of its products to markets with higher prices, as well as selling a higher percentage of solar modules that attract higher prices, the analyst believes. Global solar installations should increase in the low to mid teen percentage levels, noted the analyst, who raised his price target on JA Solar to $13 from $12. As for Trina Solar, Sanganeria expects the company to benefit from its strong balance sheet, which should help it expand its business. Additionally, the Chinese company should benefit from stable margins, as it cuts costs faster than solar prices decline, according to Sanganeria. Finally, Trina should be able to increase its profit margins in the longer term by building more solar power plants, wrote the analyst, noting that the company's U.K. plants achieved 20% gross margins, above the company's overall mid-teen percentage margins. Sanganeria raised his price target on the name to $13 from $12. OTHERS TO WATCH: Other publicly traded companies in the solar space include Canadian Solar (CSIQ), First Solar (FSLR), and Yingli Green Energy (YGE). PRICE ACTION: In early afternoon trading, SunPower climbed 1% to $24.25, Trina Solar gained 2% to $9.05, and JA Solar gained 2% to $8.
05:17 EDTNEENextEra Energy, Hawaiian Electric file joint application for merger approval
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January 27, 2015
07:43 EDTNEENextEra Energy reports Q4 NextEra Energy Resources adjusted EPS 40c
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07:42 EDTNEENextEra Energy reports Q4 Florida Power & Light net income 65c
Driving FPL's fourth-quarter and full-year growth were continued investments in clean, efficient generation and other infrastructure projects and an increase in wholesale power sales. FPL's capital expenditures were approximately $832 million in the quarter, bringing full-year capital investments to approximately $3.1B. Regulatory capital employed in 2014 grew 5.8 percent, compared to the prior year. FPL averaged approximately 68,000 more customers during the fourth quarter of 2014 than in the comparable prior-year quarter.
07:40 EDTNEENextEra Energy sees FY16 adjusted EPS $5.75-$6.25
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07:40 EDTNEENextEra Energy sees FY15 adjusted EPS $5.40-$5.70, consensus $5.64
07:40 EDTNEENextEra Energy reports Q4 adjusted EPS $1.03, consensus $1.07
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January 26, 2015
15:40 EDTNEENotable companies reporting before tomorrow's open
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11:50 EDTFSLRSolar names rise after Obama pledges U.S. help for Indian solar push
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10:28 EDTFSLRIndia's Mahnidra to add 500 MW of solar energy, Reuters says
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06:48 EDTFSLR, YGETax credit, loan guarantee changes could hurt solar energy, NY Times says
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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.

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