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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 26, 2014
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 EDTTSL, JKS, YGEChances 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 EDTTSL, YGEChina 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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August 19, 2014
09:20 EDTSOL, TSL, JKS, YGEReported settlement offer positive for Chinese solar stocks, says Roth Capital
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06:02 EDTYGEYingli Green Energy installs solar power system in Munich
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August 18, 2014
13:19 EDTJKSJinkoSolar shares attractively valued, says Jefferies
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09:03 EDTJKSOn The Fly: Pre-market Movers
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07:05 EDTTSLTrina Solar announces supply of 82MW of anti-PID modules to Sihong
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07:03 EDTJKSJinkoSolar sees FY14 total soluar module shipments in range of 2.9-3.2GW
This total includes 2.3GW to 2.5GW module shipments to third parties, and 600 MW to 650 MW for its own downstream projects. Full year project development scale is expected to be above 600 MW.
07:03 EDTJKSJinkoSolar sees Q3 total solar module shipments of 800-850MW
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07:02 EDTJKSJinkoSolar reports Q2 total solar product shipments amounted to 695.5 MW
That total consists of 570.8 MW of solar modules, 54.1 MW of silicon wafers and 34.6 MW of solar cells. As of June 30, 2014, the Company has connected 252 MW of solar projects to the grid and expects to connect another 100 MW of solar projects during the third quarter.
07:02 EDTJKSJinkoSolar reports Q2 non-GAAP EPS 80c, consensus 76c
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August 15, 2014
07:44 EDTJKSJinkoSolar volatility low into Q2 and outlook
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