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Stock Market & Financial Investment News

News Breaks
August 30, 2013
09:57 EDTSOL, YGE, JKS, LDK, TSLReneSola 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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August 27, 2014
09:22 EDTYGEOn The Fly: Pre-market Movers
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07:10 EDTYGEYingli Green sees PV model demand in China to accelerate in 2H14
07:09 EDTYGEYingli Green sees FY14 PV model shipment target 3.6GW to 3.8GW
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07:08 EDTYGEYingli Green Energy reports Q2 adjusted EPS (25c), consensus (14c)
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05:41 EDTYGEYingli Green Energy to supply 66 MWp of PV modules for 4 UK projects
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August 26, 2014
13:12 EDTYGE, SOL, TSLTrinaSolar drops after revenue miss, peers follow
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12:24 EDTTSLOn The Fly: Midday Wrap
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09:54 EDTTSLTrina Solar sell-off after earnings overdone, says Cowen
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08:56 EDTTSLOn The Fly: Pre-market Movers
HIGHER: Tim Hortons (THI), up 10.5% after announcing merger agreement with Burger King (BKW), which is up 4% after the news. Burger King CEO Schwartz will become group CEO of the new company and Berkshire Hathaway (BRK.A) has committed $3B of preferred equity financing for the deal... DSW (DSW), up 12% after reporting Q2 earnings beat, FY14 outlook above consensus... Kite Pharma (KITE), up 17% after announcing phase 1-2a results from trial of potential treatment of non-Hodgkin's lymphoma... Mobileye (MBLY), up 4.4% after coverage of stock initiated at several research firms, including Morgan Stanley which started with an Overweight rating and $46 price target and named it a new top pick... Kandi Technologies (KNDI), up 9% following Bloomberg report on Chinese government considering funding for electric car chargers. LOWER: Best Buy (BBY), down 3.7% after reporting Q2 revenue below consensus, Q2 same-store sales decline of 2.7%... Sanderson Farms (SAFM), down 5.9% after Q3 earnings, revenue miss estimates... Movado (MOV), down 5.1% after Q2 revenue miss expectations... DOWN AFTER EARNINGS: Prospect Capital (PSEC), down 3.5%... Trina Solar (TSL), down 7.6%.
07:11 EDTTSLTrina Solar expects to ship 1,060 MW-1,120 MW of PV modules in Q3
In Q3, the company expects to ship between 1,060 MW and 1,120 MW of PV modules, of which 130 MW to 150 MW will be shipped to its downstream PV projects. Revenues will not be recognized for the modules shipped to its own developed projects as required by U.S. GAAP. The company expects its blended gross margin for FY14 to be at mid-teens in percentage terms with slightly lower gross margin expected for Q3. The company reiterates its FY14 guidance of total PV module shipments between 3.6 GW and 3.8 GW, of which 400 MW to 500 MW of PV modules will be shipped to the company's own downstream projects. Revenues will not be recognized for the modules shipped to its own projects as required by U.S. GAAP. The company maintains its guidance of completed downstream PV projects of between 400 MW-500 MW for FY14.
07:09 EDTTSLTrina Solar reports Q2 EPS 14c, consensus 14c
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August 25, 2014
15:18 EDTTSLNotable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's market open, with earnings consensus, include Best Buy (BBY), consensus 31c; Golar LNG (GLNG), consensus (7c); DSW (DSW), consensus 32c; Tech Data (TECD), consensus 77c; Sanderson Farms (SAFM), consensus $3.82; Movado (MOV), consensus 54c; Trina Solar (TSL), consensus 14c.
08:58 EDTJKS, YGE, TSLChances of solar trade deal now over 50%, says Roth Capital
Roth Capital now sees a greater than 50% chance that a compromise will be reached between Chinese solar companies and the U.S. government on trade restrictions, as the firm thinks that all stakeholders in the matter appear to have a sense of urgency to reach a deal by the end of November. Roth, which previously saw a 30%-40% chance that a deal would be made, thinks that discussions on the issue are progressing. It keeps Buy ratings on Canadian Solar (CSIQ), JA Solar (JASO), JinkoSolar (JKS), and Trina Solar (TSL), and a Hold rating on Yingli Green Energy (YGE).
August 22, 2014
07:04 EDTJKSJinkoSolar signs project investment agreement with Hengfeng County
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06:34 EDTYGE, TSLChina not meeting shale gas goals, NY Times says
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August 21, 2014
12:15 EDTJKSJinkoSolar mentioned positively at Northland
07:45 EDTYGEYingli Green Energy to supply 2 MW rooftop solar project in Japan
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07:14 EDTTSLTrina Solar's Duo-Max module receives certifications from UL and TUV Rheinland
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August 20, 2014
07:05 EDTJKSJinkoSolar to supply 40 MW of PV Solar Modules to Chilean solar company
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07:02 EDTSOLReneSola to supply 5.4 MW in solar modules for India utility project
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