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Stock Market & Financial Investment News

News Breaks
June 25, 2014
10:15 EDTYGE, JKS, SOL, SPWRSunPower, peers advance after analyst ups price target
Shares of solar energy company SunPower (SPWR) and other names in the sector are climbing after research firm RW Baird increased its price target on SunPower to $48 from $42. Sunower develops solar power plants and sells solar equipment. WHAT'S NEW: SolarCity's (SCTY) decision to begin manufacturing solar panels, via its acquisition of privately held solar panel maker Silevo, further validates SunPower's business model, Baird analyst Ben Kallo wrote in a note to investors earlier today. SunPower should benefit from increasing demand for solar panels, as well as cost reductions and capacity expansion, the analyst predicted. SunPower should also benefit from increases in the efficiency of its modules and sales of more of its projects, Kallo believes. Meanwhile, the company should create value for shareholders over time by either selling its projects or placing them in a yieldco, and by potentially spinning off its residential business, the analyst believes. Yieldcos are subsidiaries of energy companies that own power plants and projects and typically trade on stock exchanges. Kallo kept an Outperform rating on SunPower. WHAT'S NOTABLE: Earlier this month, JPMorgan and Brean Capital downgraded SunPower based on valuation. These downgrades ignore SunPower's long-term value, Kallo contended in his note today. PRICE ACTION: In early trading, SunPower climbed 2% to $40, JinkoSolar (JKS) gained 1% to $29.50, Yingli Green Energy (YGE) advanced 1.5% to $3.60, and ReneSola (SOL) gained 1% to $2.90.
News For SPWR;JKS;YGE;SOL From The Last 14 Days
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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 25, 2015
11:41 EDTYGE, SPWRSolarCity 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, SPWRPresident Obama announces new renewable energy commitments
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11:09 EDTSPWR, YGEGoldman 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 EDTYGE, SPWRSolar 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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August 19, 2015
14:48 EDTJKSNotable companies reporting before tomorrow's open
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13:20 EDTJKSJinkoSolar August volatility elevated into Q2 and outlook
JinkoSolar August call option implied volatility is at 118, September is at 69; compared to its 52-week range of 47 to 100, suggesting large price movement into the expected release of Q2 results on Aug 20.
13:11 EDTSPWR, YGECanadian Solar plummets after Q3 guidance, YieldCo comments
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06:36 EDTYGEYingli Green Energy receives notice regarding NYSE continued listing standard
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