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Stock Market & Financial Investment News

News Breaks
June 26, 2014
14:07 EDTFSLRFirst Solar set to build largest PV solar power plant in Latin America
First Solar announced it has received board approval from the Overseas Private Investment Corporation, the U.S. Government’s development finance institution, and IFC, a member of the World Bank Group, for financing to support construction of the 141MW(ac) Luz del Norte solar power plant in Chile’s Atacama Desert. The loans, which are expected to close later this summer, clear the way for First Solar to proceed with construction planning at the site, which is near the city of Copiapo. Terms of the deals were not disclosed. The OPIC board approved a loan of up to $230M; the IFC board approved a $60M loan. The Luz del Norte project is the first of several projects First Solar has in its regional development pipeline, and will be the company’s initial project to start construction in Chile. The Chilean government’s National Energy Strategy includes expansion of the country’s renewable energy capacity to 20% of its total generated power by 2025. Energy from Luz del Norte will be supplied into the Chilean Central Interconnected System, contributing significantly towards this goal
News For FSLR From The Last 14 Days
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July 30, 2015
14:15 EDTFSLRSharp to halt production of thin solar cells, Nikkei says
Sharp (SHCAY) plans to stop producing thin solar cells due to heightened price competition from Asian rivals, reports Nikkei. The publication notes that the company will use its Sakai thin solar cell plant to instead produce solar panels for residential use. Publicly traded companies in the space include Canadian Solar (CSIQ), First Solar (FSLR), JA Solar (JASO), SunPower (SPWR), Trina Solar (TSL) and Yingli Green Energy (YGE). Reference Link
July 29, 2015
07:22 EDTFSLRFirst Solar pullback since June a buying opportunity, says JPMorgan
JPMorgan analyst Paul Coster views the 20% pullback in shares of First Solar since mid June as a buying opportunity. Coster keeps an Overweight rating on the stock ahead of the company's Q2 results. He looks for Firs Solar's FY15 guidance, which was suspended since the company announced its intentions to form a YieldCo, to be reinstated. The analyst has a $68 price target on shares.
July 27, 2015
17:07 EDTFSLRSunPower acquires 1.5 gigawatt U.S. solar power plant pipeline
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July 24, 2015
11:01 EDTFSLRSolarCity rises after analyst says second half outlook strong
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