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Stock Market & Financial Investment News

News Breaks
June 4, 2014
09:08 EDTALSN, BLDP, P, PL, SUNE, FCEL, UA, NQ, CG, TIBX, PLUG, FSLROn The Fly: Pre-market Movers
HIGHER: NQ Mobile (NQ), up 33% after reporting that its special committee's independent investigation did not find any evidence that the company had engaged in the fraudulent conduct alleged by Muddy Waters... Protective Life (PL), up 18% after agreeing to be acquired by Dai-ichi Life for $70.00 per share... Under Armour (UA), up 2% after upgraded at Jefferies... First Solar (FSLR), up 3% after U.S. imposes preliminary tariffs on Chinese solar imports, company announces planned acquisition of skytron-energy, India defers First Solar dumping case to July. LOWER: Tibco Software (TIBX), down 12.5% after downgraded at Stifel, Mizuho and JMP Securies following the company's weaker than expected Q2 guidance... FuelCell (FCEL), down 14% after reporting lower than expected Q2 revenue. Peers Plug Power (PLUG), down 4.5%, and Ballard Power (BLDP), down 5%, following FuelCell's report... Pandora (P), down 4.5% after reporting May listening hours, New York Times says the Justice Department will announce an examination of agreements that govern music licensing... SunEdison (SUNE), down 2.9% after filing to sell $500M in convertible senior notes in a private placement... Allison Transmission (ALSN), down 1.6% after 35M share spot secondary offering of common stock being sold by investment funds affiliated with The Carlyle Group (CG) and Onex Corporation priced at $30.15.
News For NQ;PL;FSLR;UA;P;PLUG;FCEL;BLDP;TIBX;SUNE;ALSN;CG From The Last 14 Days
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April 9, 2015
07:32 EDTSUNESunEdison to construct three new solar power plants in Utah
SunEdison (SUNE) has signed agreements to construct and install three new utility-scale solar power plants in southern Utah with a total capacity of 262 MW DC. PacifiCorp will purchase the electricity through three 20-year power purchase agreements according to its obligation under the federal Public Utilities Regulatory Policies Act. Construction of the power plants is expected to begin in the fall of 2015 with commercial operations expected in 2016. These projects are on the Call Right Projects List for TerraForm Power (TERP). SunEdison anticipates offering these projects to TerraForm Power for investment upon completion.
06:41 EDTUAPiper ups Under Armour target after meeting with Finish Line
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April 8, 2015
16:06 EDTSUNESunEdison breaks ground on 22.6MW Seven Sisters solar plant in Utah
SunEdison broke ground for the 22.6 MW) DC Seven Sisters solar project in Southern Utah. The Seven Sisters are seven separate solar power plants. Rocky Mountain Power, a division of PacifiCorp will purchase the electricity under seven separate 20-year power purchase agreements with SunEdison. These projects are on the Call Right Projects List for TerraForm Power (TERP). SunEdison anticipates offering these projects to TerraForm Power for investment upon completion.
14:42 EDTFSLRAnalyst says solar to be disruptive in some markets by 2018
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11:17 EDTNQNQ Mobile jumps 7.5% to $4.00
07:43 EDTFSLRFirst Solar Yield Co. could add $5-$15 per share, says FBR Capital
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07:35 EDTUAFBR says Under Armour can post high-20% sales growth for several years
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07:22 EDTFSLRSeasonality reason for NJ solar pricing softness, says UBS
UBS said the recent weakness in the New Jersey solar market is due to seasonal factors including a deceleration in the pace of the state's solar renewable target alongside the declining cost structure of solar. 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).
07:09 EDTFSLRSolar plus storage to be cheaper than competition in 2018, says Bernstein
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April 7, 2015
16:18 EDTCGOn The Fly: Closing Wrap
Stocks on Wall Street opened in positive territory, extending their gains from yesterday. The economic calendar was relatively quiet and the volume was light as investors moved to the sidelines ahead of the start of the first quarter earnings season, which kicks off tomorrow after the close with Alcoa's (AA) report. A late day slide saw the major averages give up their gains, leaving the Dow, Nasdaq and S&P 500 a bit below where they had started the day. ECONOMIC EVENTS: In the U.S., the JOLTs report showed job openings rose 168K to 5.13M in February, topping the consensus forecast for about 5M opening. Consumer credit climbed $15.5B in February, versus the expectation for consumers to have added $12.5B in new credit. In Europe, Markit's composite PMI for the eurozone came in at 54.0, which was down slightly from the flash reading of 54.1 but up from 53.3 in February and matched the prior peak seen in April of last year. Elsewhere globally, the central banks of Australia and India left their respective key interest rates unchanged, as expected. COMPANY NEWS: Shares of FedEx (FDX) advanced $4.49, or 2.69%, to $171.16 after the shipper announced a conditional deal to acquire TNT Express (TNTEY) for EUR 8.00 per share in a transaction valuing the Netherlands-based express delivery company at an implied equity value of about $4.8B. The company hopes it is more successful in its acquisition attempt than rival UPS (UPS), which had agreed a number of years ago to buy TNT for EUR 9.50 per share. UPS pulled out of its planned purchase after its proposed deal for TNT was blocked by regulators. MAJOR MOVERS: Among the notable gainers was Axalta Coating Systems (AXTA), which gained $2.78, or 9.81%, to $31.11 after an affiliate of Warren Buffett's Berkshire Hathaway (BRK.A) agreed to buy 20M of Axalta’s common shares for an aggregate purchase price of $560M, or $28.00 per share, from The Carlyle Group (CG). Also higher was Informatica (INFA), which advanced $1.96, or 4.28%, to $47.79 after agreeing to be acquired by the Permira funds and Canada Pension Plan Investment Board for approximately $5.3B, or $48.75 in cash per share. The official announcement follows recent stories from Reuters that the company was working on a deal with a private equity buyer. Among the noteworthy losers was Ocular Therapeutix (OCUL), which dropped $7.25, or 18.93%, to $31.05 after reporting that the company’s second of two Phase 3 clinical trials evaluating the safety and efficacy of its lead product candidate, OTX-DP, met only one of the study’s two primary efficacy endpoints. Also lower were shares of Woodward (WWD), which fell $3.06, or 5.95%, to $48.36 after Jefferies downgraded the stock to Hold from Buy and set a $52 price target on the shares, saying FY15 is another transition year for the company. INDEXES: The Dow slipped 5.43, or 0.03%, to 17,875.42, the Nasdaq lost 7.08, or 0.14%, to 4,910.23, and the S&P 500 declined 4.29, or 0.21%, to 2,076.33.
15:53 EDTCGMicrosoft, Getty Images announce partnership to develop products for Bing
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15:48 EDTCGMicrosoft, Getty Images dismiss copyright infringement dispute, Reuters says
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09:19 EDTSUNEFlextronics to manufacture solar modules for SunEdison
Flextronics (FLEX) announced that it has been selected to partner with SunEdison (SUNE) to manufacture its solar modules—this time, in Mexico. SunEdison is the world's largest renewable energy development company and these solar modules will be primarily used in the USA for residential, utility and commercial photovoltaic projects. Flextronics will begin the full volume manufacturing in the Q1 of FY15 at its center of excellence for solar module manufacturing facility in Ciudad Juarez, Mexico.
08:44 EDTPPandora has 3 to 1 reward to risk ratio, says SunTrust
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07:18 EDTCGAxalta Coating announces sale of shares to Berkshire Hathaway
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April 6, 2015
10:02 EDTPOn The Fly: Analyst Initiation Summary
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09:25 EDTCGCarlyle Group management to meet with Oppenheimer
Meeting to be held in Chicago on April 9 hosted by Oppenheimer.
07:30 EDTALSNJPMorgan still sees elevated truck production in 2015
JPMorgan notes Class 8 truck orders for March dropped 9% year-over-year to 25,100 units, a number that impacts Navistar (NAV), PACCAR (PCAR), Cummins (CMI), Allison Transmission (ALSN) and Eaton (ETN). The firm said Thursday that despite the weaker orders for March, investors should continue to have confidence that production will remain elevated in 2015.
07:04 EDTSUNESunEdison appoints Julie Blunden as SVP and Chief Strategy Officer
SunEdison announced that Julie Blunden has been appointed Senior Vice President and Chief Strategy Officer of SunEdison, including responsibility for marketing, communications, investor relations and public policy. Blunden has previously served at CEO of ClimateWorks.
06:27 EDTPPandora initiated with a Hold at Axiom
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