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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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March 5, 2015
09:16 EDTTSLTrina Solar reported healthy Q4 results, says Roth Capital
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07:49 EDTTSLTrina Solar price target raised to $15 from $13 at RBC Capital
RBC Capital increased its price target on Trina Solar as the firm thinks the company's fundamentals remain strong after it reported in-line revenue but higher than expected EPS. RBC notes that the company provided 2015 project grid connection guidance of 700-750 MW, versus the 283 MW of its projects that were connected last year. RBC expects the spin off of Trina's project holding vehicle to provide a catalyst in 2016. It keeps an Outperform rating on the shares.
March 4, 2015
08:21 EDTSOLReneSola reports Q4 EPS (4c), consensus (13c)
Reports Q4 revenue $387.0M, consensus $355.08M.
07:54 EDTSOLReneSola sees FY15 revenue $1.5B-$1.6B, consensus $1.68B
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07:53 EDTSOLReneSola sees Q1 revenue $360M-$380M, consensus $406.10M
Sees Q1 gross margin 14%-16%.
06:31 EDTYGE, TSLSolar energy's future in Japan in doubt, NY Times says
The use of solar energy in Japan has surged in the last two years, but utilities say they can't cope with the large number of entities now looking to sell solar energy to them, according to The New York times. The utilities' willingness to invest more money in solar largely depends on the government's commitment to clean energy, the newspaper stated, noting that the government is reviewing its clean energy policies. Publicly traded companies in the space include Canadian Solar (CSIQ), First Solar (FSLR), JA Solar (JASO), SunPower (SPWR), Trina Solar (TSL) and Yingli Green Energy (YGE). Reference Link
06:18 EDTTSLTrina Solar sees FY15 shipments 4.4 GW-4.6 GW
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06:16 EDTTSLTrina Solar sees Q1 shipments 840 MW-870 MW
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06:15 EDTTSLTrina Solar reports Q4 EPS 13, consensus 13c
Reports Q4 revenue $705.04M, consensus $642.88M. Reports Q4 EPS ex-items 21c. Total module shipments were 1,098.8 MW, consisting of 1,070.5 MW of external shipments and 28.3 MW of shipments to the company's own downstream power projects.
March 3, 2015
15:20 EDTTSLNotable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's market open, with earnings consensus, include PetSmart (PETM), consensus $1.38... Trina Solar (TSL), consensus 13c... Lexicon Pharmaceuticals (LXRX), consensus (3c)... Abercrombie & Fitch (ANF), consensus $1.15... American Eagle Outfitters (AEO), consensus 34c... E. W. Scripps (SSP), consensus 40c.
09:04 EDTYGE, TSL, JKSSolar stocks could benefit from developments in China, says Roth Capital
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March 2, 2015
09:22 EDTJKSOn The Fly: Pre-market Movers
UP AFTER EARNINGS: Amira Nature Foods (ANFI), up 8.6%... Stratasys (SSYS), up 3.6%... Magnum Hunter (MHR), up 3%. ALSO HIGHER: Mavenir Systems (MVNR), up 19.1% after Mitel (MITL) agrees to acquire Mavenir Systems for $560M... Athersys (ATHX), up 19.7% following license agreement and collaboration with Chugai... OHR Pharmaceutical (OHRP), up 11.4% following additional positive data from OHR-102 IMPACT study... NXP Semiconductors (NXPI), up 14% following merger agreement with Freescale Semiconductor (FSL). Freescale Semiconductor is up 9.1%... Mast Therapeutics (MSTX), up 7.7% following positive results from Vepoloxamer study. DOWN AFTER EARNINGS: JinkoSolar (JKS), down 4.7%... Scorpio Tankers (STNG), down 4.5%. ALSO LOWER: Lumber Liquidators (LL), down 24.2% following CBS' 60 Minutes says that the company is linked to health and safety violations... Aruba Networks (ARUN), down 1.7% after HP (HPQ) confirms deal to acquire Aruba Networks for $24.67... Pacira Pharmaceuticals (PCRX), down 14.4% after receiving complete response letter from FDA for sNDA in use of Exparel... 500.com (WBAI), down 14.4% after announcing that temporary suspension will adversely impact financial results.
07:13 EDTJKSJinkoSolar sees FY15 total solar module shipments 3.3-3.8 GW
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07:12 EDTJKSJinkoSolar sees Q1 total solar module shipments 710-780 MW
For the first quarter of 2015, the company estimates total solar module shipments to be in the range of 710 MW to 780 MW, which includes 550 MW to 600 MW module shipments to third parties and 160 MW to 180 MW for its own downstream projects. Revenues will not be recognized for the modules shipped to its own downstream projects as required by U.S. GAAP.
07:12 EDTJKSJinkoSolar reports Q4 total solar product shipments amounted to 838.2 MW
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07:12 EDTJKSJinkoSolar reports Q4 non-GAAP EPS $1.00, consensus 87c
Reports Q4 revenue $478.9M, consensus $488.73M
05:33 EDTYGEYingli Green Energy extends FC Bayern Youth Cup to Thailand
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February 27, 2015
06:40 EDTJKSJinkoSolar volatility elevated into Q4 and outlook
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February 23, 2015
18:02 EDTTSLOn The Fly: After Hours Movers
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17:25 EDTTSLFirst 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 party’s 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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