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Stock Market & Financial Investment News

News Breaks
March 24, 2014
13:31 EDTSOL, JKS, TSL, CSUNReneSola says 2H14 looks to be 'very promising' for China market
Shares of Chinese solar company ReneSola (SOL) are sinking despite the company reporting better than anticipated fourth quarter earnings. WHAT'S NEW: ReneSola reported Q4 earnings per share of 0c, above analysts' consensus of (14c). The company reported Q4 revenues of $438.8M, analysts' expectations were $381.4M. During Q4, ReneSola reported total solar wafer and module shipments were 781.1 MW. For FY14, the company said it expects a material increase in module shipments to Japan. WHAT'S NOTABLE: During the company's fourth quarter conference call, ReneSola said that it expects Q1 total solar module shipments in the range of 500 MW to 520 MW and gross margin is expected to be in the range of 9%-11%. For FY14, the company said it expects total solar module shipments to be in the range of 2.3 GW to 2.5 GW. ReneSola said for FY14, it does not currently have any plans for internal capacity expansion. The company said that it might be looking at a "very promising" second half of the year in the China market, but not in the first half of the year due to weather related issues. OTHERS TO WATCH: Other Chinese companies in the solar industry include JinkoSolar (JKS), Trina Solar (TSL), and China Sunergy (CSUN). PRICE ACTION: During afternoon trading, shares of ReneSola were down by 15c, or 3.88%, to $3.72. Shares of JinkoSolar fell 6%, Trina Solar fell 7.12% and China Sunergy rose fell 6.42%.
News For SOL;JKS;TSL;CSUN From The Last 14 Days
Check below for free stories on SOL;JKS;TSL;CSUN the last two weeks.
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September 12, 2014
13:03 EDTCSUN, TSLSolar stocks rise after Trina says can't keep up with demand
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11:20 EDTTSLTrina Solar can't meet customer demand at full capacity, Bloomberg reports
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September 11, 2014
14:10 EDTTSLIndia to invest $100B in renewable energy, Economic Times says
India will invest $100B in renewable energy over the next four years, the country's Power, Coal and Renewable Energy Minister Piyush Goyal said today, according to Economic Times. The country has also decided not to impose tariffs on foreign solar energy companies, the minster indicated, according to the newspaper. Publicly traded solar energy companies include Canadian Solar (CSIQ), First Solar (FSLR), JA Solar (JASO), SunPower (SPWR), Trina Solar (TSL) and Yingli Green Energy (YGE). GE (GE) makes wind turbines. Reference Link
05:40 EDTSOLReneSola to supply 10 MW DCR solar modules to project in India
ReneSola announced it will provide 10 MW of solar modules to Juwi India Renewable Energies, a Bangalore-based engineering, procurement and construction, or EPC, firm specializing in solar and wind energy plants. The modules will power a utility-scale project in Rajasthan to be developed by Atha Group, an India-based conglomerate with operations in mining, steel manufacturing, power, and renewable energy. Under the terms of the agreement, in September and November of this year, ReneSola will deliver a total of 10 MW of its Virtus modules manufactured at the company's India-based OEM facilities, in accordance with India's applicable domestic content requirements, or DCR, which call for certain solar projects in the country to incorporate locally manufactured components.
September 10, 2014
07:05 EDTTSLTrina Solar to supply 70MW high efficiency modules to project in Chile
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07:02 EDTJKSJinkoSolar connects 100MW solar PV project in Jiangsu province to grid
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September 8, 2014
12:16 EDTJKSJinkoSolar management to meet with Roth Capital
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September 5, 2014
07:01 EDTJKSJinkoSolar promotes Charlie Cao to CFO
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September 4, 2014
13:48 EDTTSLGoldman says China announces new solar energy policies
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September 3, 2014
09:17 EDTTSLTrina Solar new project positive, says Roth Capital
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06:41 EDTTSLExecutive says solar sector to benefit from rooftop demand, China Daily says
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September 2, 2014
11:08 EDTTSLOptions with decreasing implied volatilit
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08:05 EDTTSLTrina Solar acquires majority stake in Yunnan Metallurgical Group
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06:45 EDTTSLCompany asks U.S. to impose new tariffs on Chinese solar firms, NY Times says
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05:31 EDTSOLReneSola to develop 13MW solar farm project in UK
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