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Stock Market & Financial Investment News

News Breaks
March 4, 2014
20:25 EDTPETM, PETM, CSIQ, CSIQ, REV, REV, THRM, THRM, HOV, HOV, SBLK, SBLKNotable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's market open, with earnings consensus, include PetSmart (PETM), consensus $1.21; Canadian Solar (CSIQ), consensus 52c; Revlon (REV), one estimate 82c; Gentherm (THRM), consensus 25c; Hovnanian (HOV), consensus (3c); Star Bulk Carriers (SBLK), consensus 6c.
News For PETM;CSIQ;REV;THRM;HOV;SBLK From The Last 14 Days
Check below for free stories on PETM;CSIQ;REV;THRM;HOV;SBLK the last two weeks.
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August 1, 2014
06:04 EDTTHRMGentherm sees FY14 revenue at least 20% higher than FY13 revenue of $662M
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06:02 EDTTHRMGentherm reports Q2 EPS 46c, consensus 36c
Reports Q2 revenue $206.2M, consensus $190.52M.
July 30, 2014
11:36 EDTPETMPE firms not showing much interest in PetSmart, NY Post says
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08:50 EDTCSIQCanadian Solar concerns overblown, says Northland
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07:33 EDTREVRevlon reports Q2 EPS 34c, one estimate 46c
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July 29, 2014
15:53 EDTREVNotable companies reporting before tomorrow's open
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09:32 EDTHOVHovnanian downgraded to Neutral from Buy at Sidoti
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09:10 EDTPETMJANA sends letter to PetSmart urging full strategic review
JANA Partners, owner of 9.8% of PetSmart's outstanding shares, sent a letter to the company dated July 29, which read in part: "While PetSmart was once an industry leader, it has long trailed most of its peers in shareholder value creation and failed to keep pace with its competitors, and shareholders have lost confidence that it can reverse course. We have therefore called on PetSmart to conduct a full review of all strategic alternatives including a sale. While we typically work constructively with boards and focus primarily on changes that can be made while companies remain public, given PetSmartís chronic underperformance and significant private equity interest in the Company, a sale in this case very likely offers the highest risk-adjusted return for shareholders...should PetSmart fail to do so, we will not hesitate to seek significant Board change at the next annual meeting."
07:11 EDTCSIQCanadian Solar disappointed by DOC's decision to impose anti-dumping tariffs
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July 24, 2014
16:26 EDTSBLKStar Bulk Carriers takes delivery of its first eco, fuel-efficient Capesize
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July 23, 2014
16:49 EDTSBLKMillennia Holdings reports 7.5% stake in Star Bulk Carriers
Millennia Holdings may hold discussions with or make formal proposals to management or the Board, other shareholders of the company or other third parties.
06:46 EDTPETMPetSmart volatility at low end of historic range
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06:45 EDTTHRMGentherm initiated with an Overweight at JPMorgan
Target $57.
July 21, 2014
13:26 EDTHOVHovnanian target liquidity range $170M-$245M
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July 18, 2014
12:48 EDTCSIQSolar stocks rise after successful IPO in space
Shares of solar energy companies are rising after a solar energy company's subsidiary surged on its first day of trading. WHAT'S NEW: The shares of SunEdison (SUNE) subsidiary TerraForm (TERP) are surging 36% in early afternoon trading. TerraForm Power opened at $33.26 and was trading near $34 per share at midday, after its initial public offering priced at $25 per share. TerraForm was formed to own and operate assets that generate clean power and the company plans to pay dividends. In a note to investors yesterday, Josh Baribeau, an analyst at Canaccord Genuity, wrote that TerraForm is a Yieldco. Subsidiaries of energy companies that own power plants and projects, Yieldcos typically trade on stock exchanges. Noting that TerraForm's IPO had priced at the high end of its expected range yesterday and was well oversubscribed, Baribeau wrote that this outcome reflects the strong demand for Yieldcos among investors. The Yieldcos provide investors with yield which is in high demand in today's low interest rate environment, the analyst stated. Additionally, as a result of the strong demand for Yieldcos' stocks, they provide their parent companies with "cheap and abundant capital," the analyst stated. SunEdison and TerraForm will grow their combined cash available for distributions at a faster rate than their target of 15% over the next three years, helping SunEdison's stock rise, the analyst stated. He kept a $30 price target and Buy rating on SunEdison. WHAT'S NOTABLE: A number of solar energy companies that own solar projects could form Yieldcos, research firm Trefis wrote in a Forbes column last month. Like Canaccord's Baribeau, Trefis believes that Yieldcos provide their parent companies with a cheap source of funding. Yieldcos also distribute most of their cash through dividends, Trefis stated. The firm named First Solar (FSLR) and SunPower (SPWR) as companies that could launch their own Yieldcos. PRICE ACTION: In early afternoon trading, Terraform jumped 36% to $34 and SunEdison was down 1% to $22.76. Meanwhile, First Solar rose 1.4% to $62.29, SunPower climbed 2.7% to $38.71, JinkoSolar gained 2.8% to $26.75, and Canadian Solar (CSIQ) advanced 3% to $28.71.

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