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Stock Market & Financial Investment News

News Breaks
April 28, 2014
12:59 EDTJKS, CSIQ, JASO, YGE, SOL, TSLChinese solars slump following cautious Credit Suisse note
Shares of Chinese solar energy companies are retreating after Credit Suisse issued a cautious note on the sector to investors earlier today. WHAT'S NEW: After speaking with a number of companies in the Chinese solar energy sector, Credit Suisse analyst Patrick Jobin is more pessimistic about the ability of the Chinese government to meet its target of increasing its solar energy installations by 14 GW in 2014. He now expects the country to increase its solar energy output by 11.5 GW this year, down from his previous estimate of a 12 GW increase. Demand for solar energy is likely to rebound in the second half of 2014, but Beijing must make policy changes for this to happen, Jobin contended. In 2014, the market will differentiate between Chinese solar energy companies with access to project capital and permits, and those with challenges funding installation projects, the analyst wrote. Companies in the sector with access to both project capital and permits include JinkoSolar (JKS), Canadian Solar (CSIQ), and JA Solar (JASO), the analyst contended. Companies with challenges in either or both areas are Yingli Green Energy (YGE), ReneSola (SOL) and Trina Solar (TSL), Jobin stated. He reiterated an Outperform rating on JinkoSolar and kept Underperform ratings on Yingli and ReneSola. PRICE ACTION: In early afternoon trading, JinkoSolar fell 9% to $27, Canadian Solar tumbled 11% to $26.50, JA Solar sank 8% to $10, Yingli Green lost 3.5% to $3.50, ReneSolar slumped 6% to $2.80, and Trina Solar tumbled 11% to $11.15.
News For JKS;CSIQ;JASO;YGE;SOL;TSL From The Last 14 Days
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September 30, 2014
10:02 EDTJASOOn The Fly: Analyst Initiation Summary
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09:35 EDTJASOJA Solar initiated with a Buy at Dougherty
Target $14.
07:03 EDTJKSJinkoSolar to supply 500KW of solar PV modules to project in Turkey
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September 29, 2014
18:50 EDTTSLTrina Solar announces offering of $100M convertible senior notes
Trina Solar Limited announced the commencement of the offering of $100M in aggregate principal amount of convertible senior notes due 2019.
18:49 EDTTSLTrina Solar announces offering of 7M American depositary shares
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September 26, 2014
09:04 EDTJASOJA Solar multi-Si solar cells achieve 20% conversion efficiency
JA Solar announced that it achieved 20% solar energy conversion efficiency in its multi-crystalline silicon solar cell. By using advanced proprietary light trapping and surface passivation technologies, the JA Solar research team attained this absolute 1% increase in conversion efficiency only nine months after announcing the realization of 19% efficiency in its multi-Si cells. JA Solar intends to mass produce multi-Si cells using its new technology and integrate its new high-efficiency multi-Si cells into commercial module assemblies in 2015.
08:50 EDTCSIQ, TSL, JASO, YGESolar module prices rose in China, says Northland
After conducting checks, Northland believes that solar module prices in China have risen further in the past week and a half. The firm reports that solar module prices rose to 57c-58c in the last week and a half, up from 55c-56c in early September. The firm identifies China Solar (CSIQ) and JA Solar (JASO) as its favorite names in the sector. It has Outperform ratings on both names.
07:04 EDTTSLTrina Solar announces shipment of 11.7MW modules in Turkey, Ecuador
Trina Solar announced it was selected to supply 11.7 MW of modules to customers' ground-mounted solar PV plants in the emerging solar markets of Turkey and Ecuador. The solar plant located in the Antalya region of Turkey is expected to have a total capacity of 5.8 MW and will utilize 23,650 Trina Solar TSM-PC14 300W 72 cell modules. The facilities in Ecuador are expected to have a total capacity of 5.9 MW and will utilize 9,193 of Trina Solar's premium TSM-PC05A 250W 60-cell Honey modules. Trina Solar recently completed module shipment to the projects.
September 24, 2014
08:53 EDTJASO, CSIQCanadian Solar, JA Solar, and SunPower remain top picks at Northland
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September 23, 2014
13:27 EDTTSL, JKSSolar names rally after analyst sees China hitting target
Shares of solar energy companies are climbing after research firm Canaccord issued a positive note on the sector. WHAT'S NEW: After touring parts of Asia, Canaccord analyst Josh Baribeau wrote that he continues to believe that the Asian solar market is "strong and poised to tighten." Following a slow start, China is likely to hit its "aggressive" goal of installing 13 gigawatts of solar energy systems this year, driven by its recent policy changes, Baribeau stated. Moreover, the country will probably be "a resilient" market in coming year, the analyst added. Other markets are also staying strong, and demand and prices for solar components are likely to tighten with supply growing at a limited rate, Baribeau believes. The analyst remains upbeat about Canadian Solar's (CSIQ) project pipeline, contending that the company has been more successful in making deals overseas than its Chinese peers. He raised his price target on the shares to $48 from $44 while keeping a Buy rating on the stock. Canadian Solar is based in Canada but has manufacturing facilities in China. PRICE ACTION: In mid-afternoon trading, Canadian Solar climbed 2.5% to $38.50. Among Chinese solar companies, JinkoSolar (JKS) rose 2% to $31, Trina Solar (TSL) gained 1.5% to $14, and China Sunergy (CSUN) advanced 1.5% to $3.10. Among American solar companies, First Solar (FSLR) gained 1% to $68 and SunPower (SPWR) rose 1% to $35.
08:36 EDTCSIQCanadian Solar price target raised to $48 from $44 at Canaccord
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05:30 EDTCSIQCanadian Solar energises first PV plant at Shibushichocho
Canadian Solar announced the completion of the 1.2 MW solar PV power plant at Shibushichocho, Kagoshima Prefecture in Japan. Powered by Canadian Solar CS6P-255P modules, the plant will generate approximately 1,533MWh of clean, emission-less solar electricity per year. The electricity generated from the project will be purchased by Kyushu Electric Power Co., Inc. under a 20 year feed-in-tariff contract at the rate of 37c per kWh.
September 22, 2014
08:08 EDTYGEYingli Green Energy to supply 24MW of PV modules to Pavana solar power plant
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September 19, 2014
06:41 EDTYGE, JASO, TSL, CSIQGlobal solar cell demand in 2014 estimated at 40GWp, DigiTimes says
Taiwan-based makers expect global solar cell demand in 2014 is estimated at 40GWp, reports DigiTimes. Of that amount, 11GWp will be in China, 8GWp in Europe, 7GWp in Japan, 5GWp in US and 1.3GWp in India. According to the sources, China- and Taiwan-based makers together have a total annual capacity of 39-42GWp in 2014, enough to meet global demand. 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
September 18, 2014
12:58 EDTSOLReneSola management to meet with Jefferies
Meetings to be held in Hong Kong on September 23-24 hosted by Jefferies.
07:21 EDTCSIQ, YGE, JASO, TSLSolarbuzz: Five APAC markets to have 60% of solar PV demand, DigiTimes says
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September 17, 2014
13:10 EDTCSIQ, TSL, YGE, JASOChinese solars advance after analysts upbeat on space
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08:18 EDTCSIQCanadian Solar price target raised to $45 from $40 at FBR Capital
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07:12 EDTYGE, TSLChecks show pick-up in China solar demand, says Deutsche Bank
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05:31 EDTSOLReneSola expands distribution partnership with SolarMax
ReneSola announced a new partnership initiative with Swiss inverter manufacturer SolarMax to distribute SolarMax solar inverters in Australia. The partnership is an extension of ReneSola's distribution agreement in North America, and Australia will be the second country in the world where ReneSola will sell SolarMax inverters directly to the Company's customers. ReneSola will offer its solar panels along with SolarMax's P-series and MT-series solar inverters and accessories as a premium package to residential and commercial customers. The inverters are fully certified for use in Australia and New Zealand and are accredited by the Clean Energy Council, or CEC.
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