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Stock Market & Financial Investment News

News Breaks
December 12, 2012
09:04 EDTJKSJinkoSolar to supply 81 MW WBHO-building energy in South Africa
JinkoSolar announced that it has signed a contract with fix price to supply WBHO-Building Energy with 81 MW of photovoltaic modules for the solar PV park project in Gamagara Local Municipality, Northern Cape Province, South Africa. JinkoSolar will deliver a total of 344,540 PV high quality solar panels for the project, which is expected to generate approximately 146 GWh of power equivalent to supply electricity to 12,000 households and to reduce carbon emissions by about 145,800 tons annually. The project will be the largest individual PV solar plants in South Africa upon its completion. Shipments starts in Q1 2013 and all PV panels will have been shipped before end of Q4, 2013.
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June 17, 2013
10:40 EDTJKSSolar stocks jump after China backs industry
Chinese solar energy stocks are jumping after the Chinese government ordered power producers and lenders to provide more support to the industry. WHAT'S NEW: China's government announced that electric grid companies should give priority to obtaining power from solar plants, Bloomberg reported on Saturday. Lenders must help Chinese solar companies raise money, the news service also quoted the government as saying. TODAY'S PRICE ACTION: In mid-morning trading, LDK Solar (LDK) rallied 9.5% to $1.50, Suntech Power (STP) jumped 7% to $1, Trina Solar (TSL) surged 7% to $6.35. Yingli Green jumped 10% to $3.18, and Jinko Solar (JKS) climbed 7% to $9.40. WHAT'S NOTABLE: The EU has imposed high tariffs on Chinese solar companies, as it has accused the companies of selling solar panels at artificially low prices. Some EU countries have said that the dispute with China should be resolved quickly.
June 7, 2013
12:57 EDTJKSOn The Fly: Midday Wrap
The Wall Street averages were all up about 1% near midday after the monthly jobs report beat forecasts. ECONOMIC EVENTS: In the U.S., the Labor Department reported employers added 175K jobs in May, beating expectations for 163K added jobs. The unemployment rate rose slightly to 7.6% in May from 7.5% in April, with the uptick attributed to more people entering the workforce. COMPANY NEWS: TiVo (TIVO) confirmed it had settled a patent lawsuit with Google's (GOOG) Motorola unit, Cisco (CSCO) and Time Warner Cable (TWC), as reported by media outlets yesterday. The company also doubled its stock buyback authorization, but TiVo shares, which had been higher yesterday on the initial reports, fell over 17% as the amount of money the company received in the deal fell short of analyst expectations. MAJOR MOVERS: Among the notable gainers were JinkoSolar (JKS) and Thor Industries (THO), which both gained over 10% following their earnings reports. Also higher were shares of Yum! Brands (YUM), which rose nearly 3% after UBS upgraded the stock to Buy. Among the losers were a number of companies that had hoped to convert to real estate investment trusts after the IRS formed a group to study issues relating to REIT conversions. Notably, Iron Mountain (IRM) fell almost 16%, Copart (CPRT) dropped over 6%, and Equinix (EQIX) slid over 5%. INDICES: Near 1 pm ET, the Dow was up 168.95, or 1.12%, to 15,209.57; the Nasdaq was up 35.12, or 1.03%, to 3,459.17; and the S&P 500 was up 15.41, or 0.95%, to 1,637.97.
09:00 EDTJKSJinkoSolar rises 11.6%
JinkoSolar is up 11.6%, or 98c, to $9.45
06:47 EDTJKSJinkoSolar sees FY13 total solar module shipments 1.2GW-1.5GW
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06:46 EDTJKSJinkoSolar sees Q2 total solar module shipments 450 MW-470MW
06:44 EDTJKSJinkoSolar reports Q1 EPS (56c), may not compare to one estimate ($1.66)
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June 6, 2013
15:09 EDTJKSNotable companies reporting before tomorrow's open
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