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Stock Market & Financial Investment News

News Breaks
March 18, 2014
15:00 EDTEIX, SCTY, SRE, PCGSolarCity 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 27, 2015
09:27 EDTSCTYSolarCity expects to hire 300 new employees in FY15
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March 26, 2015
13:10 EDTSRESempra Energy sees FY16 EPS $4.80-$5.20, consensus $5.27
Sees FY19 EPS $7.00-$7.50.
13:07 EDTSRESempra Energy Sees FY15 EPS $4.60-$5.00, consensus $4.84
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March 25, 2015
10:29 EDTSCTYTesla sinks after CLSA cuts to Underperform on Model X margin concerns
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March 24, 2015
17:04 EDTPCGPG&E names Julie Kane as Chief Ethics and Compliance Officer
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07:12 EDTSRESempra Energy to host analyst meeting
Analyst meeting to be held in New York on March 26 at 1 pm. Webcast Link
March 23, 2015
09:37 EDTSCTYActive equity options trading on open
Active equity options trading on open according to Track Data: AAPL AUY SLB PFE MCP CELG VRTX SHPG GILD LOGI TSLA TASR NFLX SCTY WFM
09:14 EDTSRESempra Energy management to meet with JPMorgan
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08:33 EDTSRESempra Energy submits Port Arthur facilities for pre-file review with FERC
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March 19, 2015
06:06 EDTSCTYSunrun powers up for IPO later this year, WSJ reports
Sunrun, a solar-energy company, is said to be working with Credit Suisse (CS) and Goldman Sachs (GS) on a potential IPO for later this year, sources tell The Wall Street Journal, which adds that the company was valued at $1.3B as of March 2014. Other solar companies that have gone public in recent years include residential solar installers like Vivint Solar (VSLR), backed by Blackstone (BX), and SolarCity (SCTY), backed by Tesla's (TSLA) Elon Musk. Reference Link
March 18, 2015
17:28 EDTPCGPG&E embraces new NTSB safety recommendations for natural gas industry
PG&E is embracing the National Transportation Safety Board’s new safety recommendations for the gas pipeline industry. These recommendations were a result of a recent safety study on integrity management of gas transmission pipelines in urban areas completed by the NTSB. PG&E has already completed or is in the process of implementing many of these new safety recommendations. Additionally PG&E has closed nine out of 12 safety recommendations in response to the 2010 pipeline accident in San Bruno. Of the three remaining safety recommendations, the NTSB considers PG&E's progress "open-acceptable response," which means acceptable progress, pending completion.
March 17, 2015
10:00 EDTPCGOn The Fly: Analyst Downgrade Summary
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07:00 EDTPCGPG&E downgraded to Equal Weight from Overweight at Morgan Stanley
March 16, 2015
15:26 EDTPCGSpark Energy acquires customer accounts in PG&E Market
Spark Energy (SPKE) announces that it has entered into a purchase and sale agreement with Entrust Energy for the purchase of approximately 33,500 customer contracts in the Pacific Gas and Electric (PCG) natural gas market in Northern California. The purchase price is $2.83M, or approximately $85 per customer. Closing of the transaction is expected in the first two weeks of April.

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