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News Breaks
March 17, 2014
10:47 EDTFSLR, JASO, SPWR, CSIQ, TSL, YGEJA Solar trades higher following Q4 earnings report
Shares of JA Solar (JASO) are higher this morning after the company reported fourth quarter earnings that beat analysts' expectations. JA Solar designs, develops, manufactures and sells solar cell and solar module products. WHAT'S NEW: JA Solar reported Q4 earnings per share of 16c and revenue of $357.3M, which exceeded analysts’ consensus estimates of 1c and $291.82M, respectively. Shipments were 665.5 megawatts, consisting of 363.3 MW of modules and 302.2 MW of cells and cell tolling, which is above the high end of the company's previous guidance of 550.0 MW, and an increase of 33.0% from the third quarter of 2013. As of December 31, the company said it has an annual wafer production capacity of 1.0 gigawatt, an annual cell production capacity of 2.5 GW and an annual module production capacity of 1.8 GW. The company said it plans to increase both its cell manufacturing capacity and its module manufacturing capacity to 2.8 GW to help meet the growing demand for its products. The company said the expansions are expected to be completed during the second quarter of 2014. WHAT'S NOTABLE: For the first quarter of 2014, the company expects that its total cell and module shipments will be 580 MW-610 MW. For the full fiscal year 2014, JA Solar sees total cell and module shipments of 2.7 GW-2.9 GW. The FY14 shipments view includes 200 MW of module shipments to the company's downstream projects. OTHER NEWS: Xinhua this morning reported that power plants in China that run on photovoltaic solar energy may have difficulty obtaining financing. PRICE ACTION: JA Solar is trading up 66c, or 6.04%, to $12.08 in mid-morning trading. OTHERS TO WATCH: Shares of JA Solar peer Trina Solar (TSL) are up 1.77%. Yingli Green Energy (YGE) is up 2.43% and Canadian Solar (CSIQ) is up 1.92%. Other publicly traded solar power companies include Canadian Solar (CSIQ) and First Solar (FSLR).
News For JASO;YGE;CSIQ;FSLR;TSL;SPWR From The Last 14 Days
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July 30, 2015
14:15 EDTYGE, TSL, JASO, SPWR, FSLR, CSIQSharp 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
07:24 EDTCSIQCanadian Solar to supply commercial inverters to California agricultural farms
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July 29, 2015
08:46 EDTSPWRSunPower set for substantial growth, says Baird
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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 28, 2015
19:10 EDTSPWROn The Fly: After Hours Movers
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16:28 EDTSPWRSunPower FY15 EPS $1.50-$1.80, may not compare to consensus $1.00
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16:27 EDTSPWRSunPower sees Q3 revenue $400M-$450M, consensus $640.89M
Sees Q3 megawatts deployed in the range of 300-MW to 330-MW. Sees Q3 GAAP EPS (60c)-(50c).
16:25 EDTSPWRSunPower reports Q2 EPS 18c, consensus 17c
Reports Q2 revenue $381M, may not compare to consensus $513M.
08:33 EDTSPWRSunPower and ConEdison to offer solar power systems leasing
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07:11 EDTCSIQCanadian Solar signs $28.35M credit agreement with Rabobank Hong Kong
Canadian Solar announced that it has signed a JPY3.5B or $28.35M, credit facility agreement with Rabobank Hong Kong. The credit facility has a two-year maturity and will be used to finance the construction of an initial portfolio of up to 20 MWp of Canadian Solar's solar power plants in Japan.
July 27, 2015
17:07 EDTFSLR, SPWRSunPower acquires 1.5 gigawatt U.S. solar power plant pipeline
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09:17 EDTCSIQCanadian Solar identified as top solar pick at Roth Capital
Roth Capital identifies Canadian solar as a top pick in the solar space, citing its leading position among peers this cycle in transforming its business model to focus on downstream and the company’s limited exposure to China. The firm keeps a Buy rating on the shares.
07:06 EDTCSIQCanadian Solar completes Grand Renewable Solar Project
Canadian Solar announced that its wholly owned subsidiary, Canadian Solar Solutions Inc., reached substantial completion on its 100 MW AC utility-scale Grand Renewable Solar Project. This project, located in the county of Haldimand, consists of approximately 445,000 CS6X MaxPower high-performance Ontario-made modules, and carries the proud distinction of being the largest operational solar farm in the nation.
July 24, 2015
11:01 EDTSPWR, TSL, YGE, CSIQ, FSLR, JASOSolarCity rises after analyst says second half outlook strong
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July 23, 2015
08:25 EDTSPWRSunPower to build 100 MW solar power plant for NV Energy
SunPower has signed a 20-year power purchase agreement with NV Energy to build a 100 MW solar photovoltaic power plant planned for construction in the Eldorado Valley of Boulder City, Nevada. The project is expected to create approximately 200 jobs during construction, which is anticipated to commence before the end of 2015, with commercial operation planned in 2016. SunPower acquired the project from KOMIPO America earlier this year.
July 22, 2015
08:13 EDTSPWRDominion and SunPower partner to supply solar power to New Jersey homeowners
Dominion (D) subsidiary Dominion Retail and SunPower (SPWR) announced a collaboration of the two companies to offer SunPower solar power systems to New Jersey homeowners. Dominion will provide program details to residents through a marketing campaign scheduled to begin this summer.
July 21, 2015
08:09 EDTYGEYingli Green Energy subsidiary selected for 50MW solar power plant in China
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07:16 EDTCSIQCanadian Solar announces construction, financing loan from Manulife
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July 20, 2015
07:03 EDTCSIQCanadian Solar completes grid connection of three solar power plants in Japan
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