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Stock Market & Financial Investment News

News Breaks
April 28, 2014
12:59 EDTTSL, JASO, SOL, CSIQ, YGE, JKSChinese 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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July 30, 2015
07:24 EDTCSIQCanadian Solar to supply commercial inverters to California agricultural farms
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July 28, 2015
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.
07:10 EDTJKSJinkoSolar subsidiary signs RMB3B credit agreement with Ping An Bank
JinkoSolar Holding announced that JinkoSolar Power, a subsidiary of the Company, has signed a three-year RMB3B line of credit agreement with Ping An Bank, or PAB. PAB's financing will be used to support Jinko Power's PV project developments. According to the terms of the agreement, the line of credit is RMB3B for three years. The first loan of RMB630M has been withdrawn and will be used to support the development of PV solar power plant projects in Inner Mongolia, Guangdong province, and Zhejiang province.
July 27, 2015
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.
05:32 EDTSOLReneSola signs 30MW solar module sales agreement
ReneSola announced it has agreed to provide Cofely Solar Technics with 30 megawatts of solar modules, which will be used in a ground-mounted, utility-scale project in Nottinghamshire in the UK. Under the terms of the agreement, ReneSola's contracted OEMs will deliver 30MW of the Company's high-efficiency 260w Virtus II solar modules produced in Poland for the project between July and September of this year.
July 24, 2015
11:01 EDTTSL, YGE, JASO, CSIQSolarCity rises after analyst says second half outlook strong
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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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July 17, 2015
07:02 EDTTSLTrina Solar's s PV modules receive UL1500V certification
Trina Solar's TSM-PE05A and TS-PE14A polycrystalline modules have received UL1500V certification from Underwriters Laboratories, a global independent safety science company. The UL1500V award certifies that the Modules are allowed to be used in PV systems with a maximum system voltage of 1500V, significantly higher than the existing 1000V of most modules on the market. Furthermore, the 1500V certification demonstrates that the Modules produced by Trina Solar meet higher technical standards and quality requirements.
July 16, 2015
08:17 EDTTSLPullback in solar space provides attractive entry point, says Cowen
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07:10 EDTJKSJinkoSolar signs $150M financing to expand project portfolio
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07:07 EDTTSLTrina Solar to supply 51MW of dual glass modules to Yunnan power project
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06:02 EDTSOLReneSola to supply 20 MW of solar modules for utility-scale projects in Germany
ReneSola announced it has agreed to provide 20 MW of solar modules to an international leading EPC company in Europe. The modules will be used in several utility-scale projects in Germany. Under the terms of the agreement, ReneSola's contracted OEMs will deliver 20MW of the Company's high-efficiency Virtus II solar modules for the projects between July and August of this year.

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