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Stock Market & Financial Investment News

News Breaks
June 25, 2014
10:15 EDTSPWR, JKS, YGE, SOLSunPower, 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
Check below for free stories on SPWR;JKS;YGE;SOL the last two weeks.
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July 30, 2014
06:28 EDTJKSJinkoSolar to receive $225M private equity investment led by CDBI
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05:22 EDTSPWRSunPower announces 29 MW supply agreement with Nangoku
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July 29, 2014
08:45 EDTYGEChinese solar stocks facing multiple headwinds, says Axiom
Axiom believes that there are "outsized risks" to the margins and consensus estimates of Trina Solar (TSL), Yingli Green Energy (YGE), and JA Solar (JASO). The firm says that the companies are facing higher raw material prices, lower cell and module prices, adverse tariff decisions in the U.S., and reduced solar subsidies in multiple countries. In conjunction with this note the firm downgraded its rating on JA Solar to Hold from Buy. It kept Sell ratings on Trina Solar and Yingli Green Energy.
July 28, 2014
08:06 EDTYGEYingli Green Energy comments on tariff decision by Commerce Department
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08:05 EDTSPWRHannon Armstrong to provide up to $44.5M for SunPower's solar lease program
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July 27, 2014
20:10 EDTYGE, JKSU.S proposes penalties on certain Chinese solar-energy imports, Bloomberg says
The U.S Commerce Department proposed expanded penalties on some Chinese solar-energy imports, says Bloomberg. The agency said in a preliminary finding that Chinese manufacturers were unfairly selling goods in the U.S. at unfairly low prices, added Bloomberg. Reference Link
July 23, 2014
08:11 EDTYGEYingli Green Energy to supply PV modules to large project in Japan
Yingli Green Energy's (YGE) wholly-owned subsidiary, Yingli Green Energy Japan, has signed an agreement to supply 32 MWs of multicrystalline PV modules to a large-scale project located in Okayama, Japan. The company will deliver approximately 108K YGE 72 Cell Series modules for the project from January 2015 to December 2015. The project is financed by GE (GE) Energy Financial Services.
06:35 EDTSOLReneSola sells 40 energy storage systems to Think Green Energy
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July 22, 2014
08:16 EDTYGEYingli Green Energy opens third Latin American office in Chile
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July 21, 2014
07:28 EDTSOLReneSola enters into agreement with China Seven Star Holdings
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July 18, 2014
12:48 EDTSPWR, JKSSolar stocks rise after successful IPO in space
Shares of solar energy companies are rising after a solar energy company's subsidiary surged on its first day of trading. WHAT'S NEW: The shares of SunEdison (SUNE) subsidiary TerraForm (TERP) are surging 36% in early afternoon trading. TerraForm Power opened at $33.26 and was trading near $34 per share at midday, after its initial public offering priced at $25 per share. TerraForm was formed to own and operate assets that generate clean power and the company plans to pay dividends. In a note to investors yesterday, Josh Baribeau, an analyst at Canaccord Genuity, wrote that TerraForm is a Yieldco. Subsidiaries of energy companies that own power plants and projects, Yieldcos typically trade on stock exchanges. Noting that TerraForm's IPO had priced at the high end of its expected range yesterday and was well oversubscribed, Baribeau wrote that this outcome reflects the strong demand for Yieldcos among investors. The Yieldcos provide investors with yield which is in high demand in today's low interest rate environment, the analyst stated. Additionally, as a result of the strong demand for Yieldcos' stocks, they provide their parent companies with "cheap and abundant capital," the analyst stated. SunEdison and TerraForm will grow their combined cash available for distributions at a faster rate than their target of 15% over the next three years, helping SunEdison's stock rise, the analyst stated. He kept a $30 price target and Buy rating on SunEdison. WHAT'S NOTABLE: A number of solar energy companies that own solar projects could form Yieldcos, research firm Trefis wrote in a Forbes column last month. Like Canaccord's Baribeau, Trefis believes that Yieldcos provide their parent companies with a cheap source of funding. Yieldcos also distribute most of their cash through dividends, Trefis stated. The firm named First Solar (FSLR) and SunPower (SPWR) as companies that could launch their own Yieldcos. PRICE ACTION: In early afternoon trading, Terraform jumped 36% to $34 and SunEdison was down 1% to $22.76. Meanwhile, First Solar rose 1.4% to $62.29, SunPower climbed 2.7% to $38.71, JinkoSolar gained 2.8% to $26.75, and Canadian Solar (CSIQ) advanced 3% to $28.71.
July 17, 2014
08:02 EDTYGEYingli Green Energy to supply PV modules to project in China's Hubei Province
Yingli Green Energy will supply 3 MWs of PV modules to a demonstration project for distributed generation in Wuhan, the capital of Hubei province in eastern China. Construction of the project will begin in September and is expected to be completed within 5 months.
July 16, 2014
07:12 EDTJKSJinkoSolar signs RMB1B strategic financing agreement with China Minsheng Bank
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