|June 26, 2014|
|10:29 EDT||FSLR, YGE, JASO, SPWR, TSL, CSIQ, SCTY||California committee votes in favor of solar energy permit measure|
Californina's Senate Governance and Finance committee voted 6 to 1 in favor of passing a solar energy permit law in the state, according to a post to a state government website dated June 25. Publicly traded companies in the solar space include Solar City (SCTY), Canadian Solar (CSIQ), First Solar (FSLR), JA Solar (JASO), SunPower (SPWR), Trina Solar (TSL) and Yingli Green Energy (YGE) and RGS Energy (RGSE). Reference Link
News For SCTY;SPWR;YGE;CSIQ;JASO;FSLR;TSL From The Last 14 Days
|January 28, 2016|
|16:40 EDT||SCTY||On The Fly: Top stock stories for Thursday|
The Dow began the session with triple digit gains thanks in part to solid earnings reports from some of America's bellwether corporations and oil prices, which approached $34 a barrel. The market was unable to hold its opening gains and eventually crossed into negative territory. Before the losses became too big the averages reversed and moved back across the flat line. With oil holding onto its gains and closing above $33 a barrel, the averages closed in positive territory ahead of the next barrage of earnings reports. ECONOMIC EVENTS: In the U.S., initial jobless claims fell to 278,000 last week, versus the expected 281,000 first-time claims. Durable goods orders dropped 5.1% in December, versus expectations for a decrease of 0.7%. The core reading, which removes transportation items, was down 1.2%, versus expectations for a decline of 0.1%. The National Association of Realtors' pending home sales index for December rose 0.1%, versus expectations for it to be up 0.9%. COMPANY NEWS: Shares of Facebook (FB) surged 15.5% to $109.11 after the social media giant's fourth quarter earnings and revenue beat expectations. A number of Wall Street analysts increased their price targets for the stock following the report, including Piper Jaffray's Gene Munster, who hiked his target to a "Street-high" $170 per share. Facebook management made only one mention of macro concerns for the business in 2016, significantly different than Apple's (AAPL) earnings call on Tuesday night, Munster pointed out... Caterpillar (CAT) reported better than expected quarterly earnings, excluding certain items, but its revenue came in below the consensus forecast and the heavy equipment maker warned that it does not anticipate an improvement in the world economy or commodity prices in 2016. The stock, which had declined almost 20% in the last three months prior to this morning's report, rebounded 4.7% to $61.08 after the company jumped over the lowered bar that had been set by bearish analysts... Under Armour (UA), which had similarly been the focus of concern recently for some bearish analysts, posted better than expected results on the top and bottom line and backed its fiscal year revenue forecast, proving its doubters wrong and sending its share rocketing up 22.5% to $84.00. MAJOR MOVERS: Among the notable gainers were Intrexon (XON), Inovio (INO) and Cerus (CERS), which gained a respective 10%, 7.6% and 1.4% as the ongoing Zika virus scare brought attention to the companies' efforts fighting the illness. Also higher were SolarCity (SCTY), Sunrun (RUN) and Vivint Solar (VSLR), with the solar stocks jumping 8.5%, 20.5% and 3.6%, respectively, after the California Public Utilities Commission approved new net-metering rules. Meanwhile, Eagle Pharmaceuticals (EGRX) rose 12.2% to $74.44 after announcing commercial availability of its Bendeka injection in partnership with Teva (TEVA). Among the noteworthy losers was Yahoo (YHOO), which lost 3.2% to $28.75 despite a pre-market spike after SpringOwl Asset Management urged the company to seek an investment from a strategic partner. The news was also followed by reports that CEO Marissa Mayer has started restructuring efforts with an "invest/maintain/kill" list, as well as news that Verizon (VZ) denied a report that it had bid for the company's core Internet business. Also lower were OSI Systems (OSIS), Qualcomm (QCOM) and eBay (EBAY), which fell a respective 31.8%, 8.3% and 12.5% following their quarterly earnings reports. INDEXES: The Dow rose 125.18, or 0.79%, to 16,069.64, the Nasdaq gained 38.51, or 0.86%, to 4,506.68, and the S&P 500 advanced 10.41, or 0.55%, to 1,893.36.
|14:11 EDT||SPWR, SCTY||California PUC approves new net-metering rules|
The California Public Utilities Commission voted 3-2 in favor of the proposed Net Energy Metering Successor Tariff.
|13:17 EDT||SCTY||SolarCity views MLPs better than REITs, Environmental Finance reports|
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|08:36 EDT||SCTY||Attractive risk/reward developing in SolarCity, says Roth Capital|
Roth Capital says that an attractive risk/reward ratio is developing in SolarCity, whose stock has dropped about 40% this year. However, the firm says that the company "will not be out of the woods" until California finalizes its net metering rules. The firm thinks the final net metering rules will be positive for SolarCity, but it's unsure about when the rules will be finalized, although it thinks they could be finalized later today. It keeps a $65 price target and Buy rating on SolarCity.
|05:34 EDT||TSL||Trina Solar announces shipment of 57.1MW solar modules to solar project in Japan|
Trina Solar announced that it has begun shipping 57.1 MW of solar modules to Toyo Engineering Corporation for use in the Furukawa Mega Solar Project located in Osaki City, Miyagi Prefecture, Japan. The delivery of solar modules is scheduled to be completed before the end of the third quarter of 2016. The Project, developed by Pacifico Energy Furukawa G.K., is being constructed on an abandoned golf course in Osaki and is expected to be completed and commissioned in the fourth quarter of this year. The clean electricity that the Project will generate will be purchased by Tohoku Electric Power company to energize the region.
|January 27, 2016|
|09:40 EDT||CSIQ||Canadian Solar downgraded to Mixed from Positive at OTR Global|
|January 26, 2016|
|10:24 EDT||SCTY||Nevada may let rooftop solar customers sell back power, Politico reports|
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|10:00 EDT||FSLR||On The Fly: Analyst Initiation Summary|
Today's noteworthy initiations include: Criteo (CRTO) initiated with an Equal Weight at Morgan Stanley... Devon Energy (DVN) initiated with a Buy at Citi... Fair Isaac (FICO) initiated with an Outperform at William Blair... First Solar (FSLR) initiated with a Buy at Roth Capital... Ideal Power (IPWR) initiated with a Buy at Rodman & Renshaw... Juniper Pharmaceuticals (JNP) initiated with an Outperform at Northland... MeetMe (MEET) initiated with a Buy at Topeka... MoneyGram (MGI) initiated with a Buy at Feltl... Petroleum Geo-Services (PGSVY) initiated with a Buy at HSBC... Rubicon Project (RUBI) initiated with an Equal Weight at Morgan Stanley... Smart & Final Stores (SFS) initiated with a Buy at BB&T... Tuesday Morning (TUES) initiated with a Neutral at B. Riley.
|08:13 EDT||FSLR||First Solar initiated with a Buy at Roth Capital|
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|January 25, 2016|
|18:45 EDT||SCTY||NV Energy to propose 'grandfathering' rule in Nevada solar scuffle|
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|10:22 EDT||SPWR||Options with decreasing implied volatility|
Options with decreasing implied volatility: SRPT SPWR NFLX CREE FFIV ISRG TIF MXIM QIHU IBM
|10:09 EDT||TSL||Trina Solar downgraded to Equal Weight at Morgan Stanley|
As previously reported, Morgan Stanley analyst Sheng Zhong downgraded Trina Solar (TSL) to Equal Weight from Overweight and set a $11.10 price target on the shares as the analyst expects the stock to be range-bound under the price of $11.6 in cash per ADS proposed by Chairman's recent privatization proposal. The analyst, who still prefers module makers, named JinkoSolar (JKS) as the top pick in the solar space.
|09:58 EDT||TSL||Trina Solar downgraded to Equal Weight from Overweight at Morgan Stanley|
|05:45 EDT||SCTY||SolarCity implied volatility of 116 at upper end of index mean range |
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|January 22, 2016|
|11:13 EDT||SPWR, FSLR, SCTY||Barclays bullish on solar, likes SolarCity, SunPower, First Solar|
Calling the outlook on solar energy "broadly positive," Barclays today initiated coverage on SolarCity (SCTY) with an Overweight rating and upgraded SunPower (SPWR) to Overweight from Neutral. The firm, however, continues to identify First Solar as its top pick in the space. SunPower and First Solar develop solar components and solar power systems, while Solar City specializes in installing solar panels on rooftops. WHAT'S NEW: Following the extension of the 30% U.S. solar investment tax credit, or ITC, Barclays analyst John Windham increased his 2020 U.S. solar demand outlook by 33% to 57 gigawatts. The extension will result in "more orderly demand growth," he believes. Meanwhile, the recent declines in energy prices has created an attractive entry point in solar stocks, the analyst stated. In the wake of the ITC extension, SolarCity will be able to meet its 2016 guidance for 40% year-over-year growth in its installations, Windham believes. Moreover, the company will be able to meet the guidance without having to increase its customer acquisition costs, he stated. Warning that SolarCity still requires constant outside capital to fund its growth, Windham nonetheless set a $49 price target on the shares. SunPower is well-capitalized and should benefit from increased U.S. solar demand, Windham believes. He increased his price target on the name to $32 from $26. First Solar is also well-capitalized, and should benefit from the U.S. government's Clean Power Plan, as utilities will look to partner with First Solar in order to meet the plan's goals, the analyst stated. The plan will "drive strong growth" for inexpensive, large-scale solar projects in new U.S. markets, such as the Southeast, Windham believes. He kept a $90 price target and Overweight rating on the shares. PRICE ACTION: In late morning trading, SunPower climbed 3.4% to $23.66, SolarCity gained 1.2% to $32.14 and First Solar rose 2% to $64.45.
|09:30 EDT||SCTY||On The Fly: Analyst Initiation Summary|
Today's noteworthy initiations include: CVS Health (CVS) initiated with an Outperform at Baird... Cognex (CGNX) initiated with an Outperform at Raymond James... Ctrip.com (CTRP) initiated with a Buy at Nomura... First Industrial Realty (FR) initiated with a Buy at Jefferies... Kura Oncology (KURA) initiated with an Outperform at JMP Securities... Matador (MTDR) initiated with an Outperform at Iberia... NetEase (NTES) initiated with a Neutral at Nomura... Praxair (PX) reinstated with an Underperform at BofA/Merrill... Primerica (PRI) initiated with an Outperform at William Blair... Prologis (PLD) initiated with a Hold at Jefferies... RAIT Financial (RAS) initiated with an Outperform at FBR Capital... STAG Industrial (STAG) initiated with a Hold at Jefferies... SolarCity (SCTY) initiated with an Overweight at Barclays... Sprouts Farmers Markets (SFM) initiated with an Outperform at Wells Fargo... Sunrun (RUN) initiated with an Overweight at Barclays... Terreno Realty (TRNO) initiated with a Hold at Jefferies... Tower Semiconductor (TSEM) initiated with a Strong Buy at Needham... Unique Fabricating (UFAB) initiated with a Buy at B. Riley... Walgreens Boots Alliance (WBA) initiated with an Outperform at Baird.
|09:29 EDT||SPWR||On The Fly: Analyst Upgrade Summary|
Today's noteworthy upgrades include: ABB (ABB) upgraded to Neutral from Sell at UBS... ACADIA (ACAD) upgraded to Overweight from Neutral at Piper Jaffray... ASML (ASML) upgraded to Hold from Sell at Deutsche Bank... Alaska Air (ALK) upgraded to Buy from Hold at Deutsche Bank... Arrow Electronics (ARW) upgraded to Buy from Neutral at Longbow... Avnet (AVT) upgraded to Buy from Neutral at Longbow... Avon Products (AVP) upgraded to Overweight from Neutral at Piper Jaffray... BankUnited (BKU) upgraded to Buy from Hold at Sandler O'Neill... Barclays (BCS) upgraded to Hold from Sell at Berenberg... Bristol-Myers (BMY) upgraded to Buy from Hold at Berenberg... CA Technologies (CA) upgraded to Buy from Neutral at Mizuho... CaixaBank (CAIXY) upgraded to Buy from Neutral at Nomura... Canadian Pacific (CP) upgraded to Outperform from Sector Perform at RBC Capital... Cardinal Financial (CFNL) upgraded to Outperform from Market Perform at Keefe Bruyette... Columbia Sportswear (COLM) upgraded to Outperform at Baird... Dr Pepper Snapple (DPS) upgraded to Outperform from Underperform at CLSA... Gorman-Rupp (GRC) upgraded to Outperform from Neutral at Boenning & Scattergood... Independent Bank (INDB) upgraded to Buy from Neutral at Compass Point... JD.com (JD) upgraded to Buy from Neutral at Nomura... KeyCorp (KEY) upgraded to Overweight from Equal Weight at Stephens... Lincoln National (LNC) upgraded to Strong Buy from Outperform at Raymond James... Masco (MAS) upgraded to Outperform at Baird... MetLife (MET) upgraded to Strong Buy from Market Perform at Raymond James... Northern Trust (NTRS) upgraded to Buy from Hold at Sandler O'Neill... Pacific Continental (PCBK) upgraded to Outperform at Keefe Bruyette... Qualcomm (QCOM) upgraded to Outperform from Market Perform at Northland... SL Green Realty (SLG) upgraded to Buy from Neutral at SunTrust... SVB Financial (SIVB) upgraded to Overweight from Neutral at Piper Jaffray... SunPower (SPWR) upgraded to Overweight from Equal Weight at Barclays... WEX Inc. (WEX) upgraded to Outperform from Market Perform at Wells Fargo.
|05:41 EDT||SPWR, FSLR, SCTY||SunPower upgraded to Overweight from Equal Weight at Barclays|
Barclays analyst Jon Windham upgraded SunPower (SPWR) to Overweight and raised his price target for the shares to $32 from $26. The analyst expects U.S. solar demand to remain robust through 2020. His top pick in the space is First Solar (FSLR). Windham initiated this morning both SolarCity (SCTY) and Sunrun (RUN) with Overweight ratings.
|05:39 EDT||SCTY||SolarCity initiated with an Overweight at Barclays|
Barclays analyst Jon Windham started SolarCity with an Overweight rating and $49 price target. The analyst expects U.S. solar demand to remain robust through 2020.
|05:24 EDT||SCTY||Stocks with implied volatility movement; SWN SCTY|
Stocks with implied volatility movement; Southwestern Energy (SWN) 136, SolarCity (SCTY) 117 according to iVolatility.