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Stock Market & Financial Investment News

News Breaks
April 28, 2014
12:59 EDTSOL, CSIQ, YGE, JKS, TSL, JASOChinese 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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December 19, 2014
07:13 EDTCSIQCanadian Solar says 'very disappointed' by U.S. AD/CVD ruling
Canadian Solar, in response to the United States Department of Commerce's Tuesday decision to impose counter-veiling and anti-dumping tariffs on certain Chinese and Taiwanese photovoltaic modules and cell imports, stated: "We are very disappointed by the DOC's decision, and the damaging impact this has on the American solar industry. This decision threatens the employment of tens and thousands of American workers in the various facets of the solar industry, including manufacturing, design, installation and operations. We plan to utilize our 500 MW manufacturing facility in Ontario, Canada to continue our support for solar energy development in the United States. As a Canadian company, however, we firmly believe in free international trade and a market economy with zero trade barriers."
December 18, 2014
07:13 EDTCSIQSolarCity, Canadian Solar called top 2015 solar picks at JPMorgan
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December 17, 2014
06:36 EDTJASO, YGE, CSIQ, TSLU.S. announces tariffs on Chinese, Taiwanese solar companies, NY Times says
The U.S. announced that it would impose tariffs of 26.7%-78.4% on the imports of most Chinese made solar panels, and tariffs of 11.45%-27.5% on solar cells made in Taiwan, according to The New York Times. Duties of 27.6%-50% will be imposed on modules made in China, the newspaper quoted the Commerce Department as saying. American officials still hope that they can reach a settlement with the Chinese on solar trade issues, the newspaper stated. 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
05:29 EDTYGEYingli Green Energy comments on U.S. Department of Commerce decision on tariffs
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December 16, 2014
07:07 EDTCSIQCanadian Solar completes sale of RayLight solar power plant
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December 12, 2014
08:42 EDTCSIQCanadian Solar has reached attractive entry point, says Roth Capital
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07:01 EDTJKSJinkoSolar supplies China General Nuclear Power Group 80 MW of solar modules
JinkoSolar announced that it has supplied 80 MW of solar PV modules to China General Nuclear Power Group for a solar PV project in Neihuang County, Henan Province. Located in Mashang and Liucun, two villages in Neihuang County, Henan Province, the project is being built on the rooftops of traditional agricultural greenhouse. It utilizes 325689 pieces of JinkoSolar's high-efficiency PV modules is expected to be connected to the grid by the end of 2014.
December 8, 2014
09:04 EDTCSIQCanadian Solar management to meet with JPMorgan
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09:01 EDTJASOJA Solar supplies 100MW of modules to solar farm in Pakistan
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06:11 EDTTSLTrina Solar acquires 28% stake in Shuntai Leasing
Trina Solar announced it has entered into a share purchase agreement to acquire a 28% stake in Shuntai Leasing Company Limited. Total registered capital of Shuntai is approximately $50M. Changzhou Hi-tech Jinlong Holdings, a subsidiary of Changzhou Hi-tech Group Co., is the major shareholder of Shuntai. Changzhou Hi-tech Group is one of the largest state-owned companies in Changzhou covering a wide range of businesses including government financing, city development and operation of business enterprises. The group also owns several financing institutions and has raised approximately $5.5B in the past years. Trina Solar has also signed a cooperation agreement with Shuntai to finance the company's downstream projects and solar manufacturing business by leveraging Shuntai's leasing platform.
06:06 EDTCSIQSharp could sell U.S. solar unit to Canadian Solar, Nikkei reports
Sharp (SHCAY) will reportedly sell its U.S.-based solar energy development unit Recurrent Energy to Canadian Solar (CSIQ) for about $250M, The Nikkei said yesterday. Sharp aims to reach a basic agreement Canadian Solar by the end of the month and complete the sale by spring, the report indicated. Reference Link
05:57 EDTYGEYingli Green Energy collaborates to deploy solar power in Thailand
Yingli Green Energy announced that its wholly-owned subsidiary, Yingli Green Energy Singapore, intends to collaborate with Kasikornbank Public, Huawei Technologies and Solventia Solar Energy, to deploy solar power in Thailand, a promising renewable energy market. According to their recently signed Memorandum of Understanding, the companies plan to jointly provide turnkey solar power solutions for both power plants and distributed generation projects throughout the country. Due to Thailand's strong year-round solar irradiation and rising demand for electricity, the Thai government has established a 3 GW target for total solar power capacity by 2021. The country plans to meet at least 20% of its energy demand with renewable resources by 2022.

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