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Stock Market & Financial Investment News

News Breaks
January 16, 2014
10:40 EDTFSLR, YGE, 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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July 31, 2014
07:22 EDTYGEYingli Green Energy to co-develop solar projects in Poland with AMB Energia
Yingli Green Energy's wholly-owned subsidiary, Yingli Green Energy International, has entered into a strategic alliance with AMB Energia Wytwarzanie, a subsidiary of AMB Energia to co-develop 30 MW of solar projects in Poland. Both parties intend to sell the turn-key projects to investors.
July 29, 2014
08:45 EDTYGEChinese solar stocks facing multiple headwinds, says Axiom
Axiom believes that there are "outsized risks" to the margins and consensus estimates of Trina Solar (TSL), Yingli Green Energy (YGE), and JA Solar (JASO). The firm says that the companies are facing higher raw material prices, lower cell and module prices, adverse tariff decisions in the U.S., and reduced solar subsidies in multiple countries. In conjunction with this note the firm downgraded its rating on JA Solar to Hold from Buy. It kept Sell ratings on Trina Solar and Yingli Green Energy.
07:38 EDTNEENextEra Energy backs FY16 adjusted EPS $5.50-$6.00
Backs compound annual growth rate of 5%-7% through 2016
07:37 EDTNEENextEra Energy sees FY14 adjusted EPS $5.15-$5.35, consensus $5.34
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07:35 EDTNEENextEra Energy: FLP averaged 91,000 more customers in Q2
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07:34 EDTNEENextEra Energy reports Q2 adjusted EPS $1.43, consensus $1.43
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July 28, 2014
15:47 EDTNEENotable companies reporting before tomorrow's open
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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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05:44 EDTFSLRFirst Solar, XSOL establish supply agreement in Japan
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July 27, 2014
20:10 EDTFSLR, YGEU.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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08:10 EDTNEENextEra Energy coverage resumed with an Overweight at Morgan Stanley
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07:36 EDTFSLRFirst Solar shares dramatically undervalued, says Brean Capital
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July 18, 2014
12:48 EDTFSLRSolar 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.
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.

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