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Stock Market & Financial Investment News

News Breaks
August 15, 2014
07:44 EDTJKSJinkoSolar volatility low into Q2 and outlook
JinkoSolar September call option implied volatility is at 65, December is at 64, January is at 60; compared to its 26-week average of 79 according to Track Data, suggesting decreasing price movement into the expected release of Q2 results on August 18.
News For JKS From The Last 14 Days
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November 21, 2014
08:30 EDTJKSJinkoSolar 2015 earnings can beat expectations, says Roth Capital
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November 20, 2014
06:34 EDTJKSJinkoSolar sees 2014 total solar module shipments 2.9GW-3.2GW
06:34 EDTJKSJinkoSolar sees Q4 total solar module shipments 1,030MW-1,120MW vs. 708MW in Q3
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06:33 EDTJKSJinkoSolar reports Q3 EPS $1.36, consensus 71c
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November 18, 2014
12:59 EDTJKSChinese solars advance following JA Solar results
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07:05 EDTJKSJinkoSolar closes $225M investment led by CDB and MGCIF
JinkoSolar Holding announced that it closed the private equity investment led by China Development Bank International, or CDB and the Macquarie Greater China Infrastructure Fund, or MGCIF, a fund managed by Macquarie Infrastructure and Real Assets, of an aggregate amount of $225M in the Company's downstream solar power project business. JinkoSolar Power Engineering Group, a subsidiary of JinkoSolar that develops and operates its downstream solar power project business, entered into definitive share purchase agreements with each of CDBI, MGCIF and New Horizon Capita. Under the share purchase agreements, CDBI, MGCIF and New Horizon have agreed to invest an aggregate amount of $225M in Jinko Power. The three investors hold a total of approximately 45% of Jinko Power's equity interest. They will provide support and additional resources to facilitate the spin off and listing of Jinko Power and the downstream business development in terms of project financing, project development, project operation and global green energy network.
November 11, 2014
07:06 EDTJKSJinkoSolar subsidiary signs $20M credit agreement with Wells Fargo Bank
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November 7, 2014
10:26 EDTJKSSolar names retreat after First Solar results miss expectations
Shares of a number of solar companies are falling after one of the leading companies in the sector, First Solar (FSLR), announced weaker than expected results. WHAT'S NEW: First Solar reported Q3 earnings per share, excluding a one-time tax benefit, of 61c, compared with analysts' consensus estimate of 64c. The company reported Q3 revenue of $899M, versus the consensus outlook of about $1B. First Solar reiterated its fiscal 2014 EPS guidance of $2.40-$2.80, versus the consensus outlook of $2.61. However, the company trimmed its full-year sales guidance to $3.6B-$3.9B from $3.7B-$4B. The company added that it was on track to meet or exceed its bookings goal for the full year. Additionally, First Solar announced that its potential bookings opportunities had risen to 13.7 gigawatts, versus 12.7 gigawatts in Q2, due to continued growth in the U.S., Latin America and India. “Following the project delays experienced in the prior quarter, our third quarter earnings have improved, and we continue to make progress towards our financial targets for the year," said First Solar CEO Jim Hughes. First Solar is not prepared to pursue the launch of a YieldCo at this time, Hughes reported. YieldCos are subsidiaries of energy companies that own power plants and projects and typically trade on stock exchanges. WHAT'S NOTABLE: On October 20, JPMorgan wrote that the recent sell-off in solar stocks was unjustified, as Q3 results up to that time showed that the sector's fundamentals had changed little. The firm named First Solar as one of its favorite names in the sector. PRICE ACTION: In early trading, First Solar (FSLR) sank 11% to $50.15. Meanwhile, SunPower (SPWR) fell 2.5% to $29.57, Sunedison (SUNE) declined 1.6% to $18, Canadian Solar (CSIQ) lost 3% to $30, and JinkoSolar (JKS) gave back 2.7% to $22.74.
07:07 EDTJKSJinkoSolar to provide DMM with solar modules for PV project in Japan
JinkoSolar announced that it has supplied 5MW of highly efficient, salt and mist resistant solar modules to DMM, a Japanese digital content distributor and solar installation company, for a ground mounted solar PV project in Mie Prefecture, Japan. The project has been connected to the grid and is operating. The project is located approximately 100m from the coastline in Meiwa, Mie Prefecture. The project is expected to generate approximately 5.55 million kWh of electricity annually for 2,500 local households.

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