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Stock Market & Financial Investment News

News Breaks
March 21, 2014
05:52 EDTSCTYSolarCity recent weakness a buying opportunity, says Deutsche Bank
Deutsche Bank views the recent pullback in shares of SolarCity as an attractive buying opportunity. The firm reiterates a Buy rating on the stock with a $90 price target.
News For SCTY 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 SRPís 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 SRPís 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
09:11 EDTSCTYSolarCity shares should be bought says Roth Capital
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February 26, 2015
09:28 EDTSCTYSolarCity creates fund to finance $750M solar projects, Google invests $300M
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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 partyís 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).

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