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Stock Market & Financial Investment News

News Breaks
March 18, 2014
15:00 EDTPCG, EIX, SCTY, SRESolarCity halts energy storage program in California, Bloomberg reports
About 500 SolarCity customers in California have agreed to install and connect systems that include batteries for power storage, but the state’s biggest utilities, namely PG&E (PCG), Southern California Edison (EIX) and Sempra's (SRE) San Diego Gas & Electric, have connected only 12 of them to the grid since 2011, prompting the company to halt its efforts, reported Bloomberg. A SolarCity spokesman said the company has stopped submitting applications because it has "lost faith that these things are actually going to be carried out in any reasonable time.” Reference Link
News For SCTY;PCG;SRE;EIX From The Last 14 Days
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March 4, 2015
06:07 EDTSCTYSolarCity files lawsuit against Arizona utility for antitrust violations
SolarCity Corporation filed a lawsuit late Monday in the United States District Court for the District of Arizona, asking the court to stop Arizona utility Salt River Project's anti-competitive behavior. The suit specifically pertains to SRP's pricing plan, which was approved by SRP's board on February 26. In a blog post, SolarCity explains, "Last Thursday, Arizona utility Salt River Project approved a new pricing plan designed to punish customers who choose to go solar. Under the new plan, SRP customers who generate their own power have to pay additional 'distribution charges' and 'demand charges' that other SRP customers do not. These discriminatory penalties add up to hundreds of dollars per year, and make a competitive rooftop solar business impossible within SRP territory. On Monday, we responded: we filed a lawsuit in federal court in Arizona, asking the court to stop SRP’s anti-competitive behavior.... SRP has sabotaged the ability of Arizona consumers to make this choice if they happen to live in SRP territory. We can already see the intended effects: After the effective date of SRP’s new plan, applications for rooftop solar in SRP territory fell by 96%... The lawsuit we filed today is a necessary response to this behavior. We would much rather devote our energy and resources to the business of building, selling, and leasing solar energy systems that Arizonans want. But we will not sit idly by while Arizona and its reputation as a business-friendly state bear the heavy burden of unlawful abuse of monopoly power."
March 3, 2015
05:58 EDTSCTYSolarCity implied volatility of 45 at lower end of index mean range
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March 2, 2015
16:25 EDTEIXOpower, Southern California Edison announce strategic multi-year partnership
Southern California Edison, or SCE, an Edison International (EIX) company, announced that it has selected Opower (OPWR, for a strategic multi-year partnership. SCE will leverage the Opower platform, Opower 6, to deliver energy management solutions to all customer classes. Opower 6 includes a broad set of upgrades to Opower’s industry-leading platform that provide best in class tools and analytics to all Opower clients. In addition to this upgrade, Opower recently announced the release of a new Customer Care solution that uses real-time communications and powerful analytics to improve customer satisfaction and lower cost to serve for utilities.
09:11 EDTSCTYSolarCity shares should be bought says Roth Capital
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February 27, 2015
06:13 EDTPCGPG&E enters $500M equity distribution agreement
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February 26, 2015
13:55 EDTSRESempra Energy says looking at M&A possibilities
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13:21 EDTSRESempra Energy says underlying business 'performing well'
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13:10 EDTSRESempra Energy sees EPS growth at high end of 9%-11% view for 2014-2019
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09:28 EDTSCTYSolarCity creates fund to finance $750M solar projects, Google invests $300M
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09:03 EDTSRESempra Energy sees FY15 adjusted EPS $4.60-$5.00, consensus $4.84
FY15 adjusted EPS excludes the estimated earnings impact of the expected sale of the remainder of the Mesquite Power natural gas-fired generating facility of 12c-15c per share and the earnings impact of potential LNG-related development activities.
09:02 EDTSRESempra Energy reports Q4 adjusted EPS $1.23, consensus $1.08
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February 25, 2015
15:05 EDTSRENotable companies reporting before tomorrow's open
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February 24, 2015
16:03 EDTEIXEdison International reports Q4 EPS $1.08, consensus 83c
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15:21 EDTEIXNotable companies reporting after market close
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February 23, 2015
18:02 EDTSCTYOn The Fly: After Hours Movers
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17:25 EDTSCTYFirst Solar, SunPower rally after saying they are in talks to form YieldCo
Solar stocks are moving up in extended trading this afternoon after First Solar (FSLR) and SunPower (SPWR) announced that they are in advanced negotiations to form a joint YieldCo vehicle. WHAT'S NEW: First Solar and SunPower announced that they are in advanced negotiations to form a joint YieldCo vehicle to which they each expect to contribute a portfolio of selected solar generation assets from their existing portfolio of assets. Upon the execution of a master formation agreement, the parties intend to file a registration statement with the SEC for an initial public offering of limited partner interests in the YieldCo. Formation of the YieldCo and completion of the IPO are subject to, among other things, the execution of definitive documentation, each party’s board approval and regulatory approval. PRICE ACTION: First Solar is up over 10% to $54.90 in the after hours while SunPower is higher by over 12% to $31.27. OTHERS TO WATCH: Other solar stocks gaining in after-hours trading include SolarCity Corporation (SCTY), Trina Solar (TSL), JA Solar Holdings (JASO), SunEdison (SUNE), and Canadian Solar (CSIQ).
February 20, 2015
15:00 EDTSRESempra Energy raises dividend 6% to 70c
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