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Stock Market & Financial Investment News

News Breaks
August 30, 2013
09:57 EDTTSL, YGE, LDK, SOL, JKSReneSola advances after results, guidance beat expectations
Shares of Chinese solar energy company ReneSola (SOL) are climbing after the company reported stronger than expected results. WHAT'S NEW: ReneSola's second quarter loss was lower than expected and its revenue also beat expectations. Moreover, the company provided third quarter revenue guidance that was significantly above expectations. "Our focus on improving our selling prices and enhancing the market profile of our products led to increased shipments and a positive gross margin of over 7%," said ReneSola CEO Xianshou Li in a statement. "Despite what remains a challenging macro environment and a fiercely competitive solar industry, we are optimistic our investments will set us up for long-term growth and continued geographic expansion," the CEO added. PRICE ACTION: In early trading, ReneSola surged 43c, or 9.8%, to $4.83. The stock is well off its daily high of $5.11, however. OTHERS TO WATCH: Yingli Green (YGE), which also reported its own results this morning and backed its fiscal year module shipment target, rose 3% to $4.30. Other Chinese solar companies also advanced, with JinkoSolar (JKS) rallying 4.5% to $15.90, LDK (LDK) advancing 1.3% to $1.55, and Trina Solar (TSL) adding 1% to $9.50.
News For SOL;YGE;JKS;LDK;TSL From The Last 14 Days
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September 2, 2015
07:06 EDTJKSJinkoSolar enters into agreement with Ygrene Energy Fund
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August 28, 2015
06:40 EDTSOLReneSola sells 34.6 MW utility scale project in UK
ReneSola announced that it has sold its 34.6 MW Port Farms utility scale project in the United Kingdom to Foresight Solar Fund Limited. This represents ReneSola's second project sale to Foresight Group, a leading, independent infrastructure and private equity investment manager, following the sale of its 6.4 MW Field House project in July to other funds managed by Foresight.
06:14 EDTYGEYingli Green Energy reports preliminary Q2 PV module shipments 720 MW-730 MW
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August 26, 2015
10:00 EDTTSLOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: BRE Group (CBG) initiated with a Buy at Sterne Agee CRT... Callidus Software (CALD) initiated with an Overweight at Piper Jaffray... Jones Lang LaSalle (JLL) initiated with a Neutral at Sterne Agee CRT... Natural Grocers (NGVC) initiated with a Buy at Jefferies... NextEra Energy Partners (NEP) initiated with an Outperform at Baird... Sprouts Farmers Markets (SFM) initiated with a Hold at Jefferies... Synchrony Financial (SYF) initiated with a Buy at Buckingham... TerraForm Global (GLBL) initiated with a Buy at Citi... Trina Solar (TSL) initiated with a Sell at Axiom... Zebra Technologies (ZBRA) initiated with an Outperform at Barrington.
07:19 EDTTSLTrina Solar initiated with a Sell at Axiom
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August 25, 2015
11:41 EDTTSL, YGESolarCity rises again after Chairman Musk buys shares
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09:13 EDTSOLOn The Fly: Pre-market Movers
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08:49 EDTJKSJinkoSolar results, guidance were strong, says Roth Capital
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06:39 EDTSOLReneSola sees Q3 revenue $330M-$340M, consensus $278.27M
Sees Q3 gross margin 15%-16%.
06:38 EDTSOLReneSola reports Q2 EPS (1c), consensus (11c)
Reports Q2 revenue $268.4M, consensus $283.03M.
August 24, 2015
16:46 EDTYGE, TSLPresident Obama announces new renewable energy commitments
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11:09 EDTYGE, TSLGoldman says SolarCity attractive after sharp pullback
SolarCity (SCTY) shares are climbing in the down market after Goldman Sachs contended in a note to investors today that the stock is attractive following its recent sharp retreat, The company probably won't be affected by issues that are causing investors to worry about the solar sector, the firm believes. WHAT'S NEW: Noting that SolarCity's stock had tumbled 27% in the last month before today's open, Goldman Sachs analyst Brian Lee wrote that the shares are being dragged down by worries about financing and cost of capital that are affecting the entire solar sector. However, he contended that these issues are having only a "limited" impact on SolarCity. On August 13, the company successfully sold asset-backed securities and it said that more such sales are likely to occur in the near-term, Lee noted. Meanwhile, SolarCity isn't being affected by the cost of capital increases that other solar companies are experiencing, the analyst reported. Before today's open, the stock was near a two year low, even though SolarCity's fundamentals are still "strong," Lee believes. Additionally, the largest U.S. solar trade show, which is expected to begin on September 14, could boost solar stocks, as it has historically been a catalyst for the sector, the analyst stated. SolarCity may provide guidance about the outlook for its Silevo solar panel manufacturing subsidiary in the second half of 2015, and the guidance could boost the stock, Lee believes. The risk/reward ratio of SolarCity's stock is positive, according to the analyst, who has a Conviction List Buy and $85 price target on the shares. OTHERS TO WATCH: Other publicly traded companies in the solar space include Canadian Solar (CSIQ), First Solar (FSLR), JA Solar (JASO), SunEdison (SUNE), SunPower (SPWR), Trina Solar (TSL) and Yingli Green Energy (YGE). PRICE ACTION: In late morning trading, SolarCity advanced 5.3% to $43.18.
August 21, 2015
10:02 EDTYGEOn The Fly: Analyst Initiation Summary
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08:18 EDTYGEYingli Green Energy initiated with a Sell at Axiom
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06:56 EDTTSL, YGESolar companies spending $1B in Texas projects, WSJ says
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August 20, 2015
16:48 EDTJKSOn The Fly: Top stock stories for Thursday
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07:06 EDTJKSJinkoSolar sees Q3 total solar module shipments 1 GW -1.1 GW
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07:05 EDTJKSJinkoSolar reports total module shipments 913.4 MW
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07:05 EDTJKSJinkoSolar reports Q2 non-GAAP EPS $1.04, consensus 84c
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