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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
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October 31, 2014
08:37 EDTSPWRSunPower announces second joint venture to develop PV power plants in China
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06:43 EDTYGE, SPWRSolarWorld to expand plant as U.S. looks to settle trade dispute, NY Times says
Solar module maker SolarWorld Americas announced yesterday that it would spend $10M to expand its plant in Oregon, as it benefits from increased domestic demand for modules, according to The New York Times. The company launched the petition against Chinese solar companies that led the U.S. to impose tariffs against the Chinese firms, the newspaper noted, adding that officials and executives have been looking to reach a settlement of the trade dispute. The settlement would have to be reached before mid-December, The Times said. 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
October 30, 2014
10:02 EDTSPWROn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Ally Financial (ALLY) upgraded to Buy from Hold at Deutsche Bank... Banco Bradesco (BBD) upgraded to Overweight from Neutral at JPMorgan... Cree (CREE) upgraded to Neutral from Underperform at BofA/Merrill... Finish Line (FINL) upgraded to Overweight from Neutral at Piper Jaffray... Grand Canyon (LOPE) upgraded to Overweight from Neutral at Piper Jaffray... Hess Corp. (HES) upgraded to Outperform from Sector Perform at Howard Weil... Ignite Restaurant (IRG) upgraded to Market Perform from Underperform at Raymond James... Lowe's (LOW) upgraded to Buy from Neutral at Goldman... MakeMyTrip (MMYT) upgraded to Buy from Hold at Deutsche Bank... MicroStrategy (MSTR) upgraded to Overweight from Equal Weight at First Analysis... Moelis (MC) upgraded to Positive from Neutral at Susquehanna... PG&E (PCG) upgraded to Neutral from Sell at Goldman... RF Micro Devices (RFMD) upgraded to Buy at Canaccord... Ruckus Wireless (RKUS) upgraded to Equal Weight from Underweight at Morgan Stanley... STMicroelectronics (STM) upgraded to Neutral from Sell at UBS... Sealed Air (SEE) upgraded to Market Perform from Underperform at Wells Fargo... Software AG (STWRY) upgraded to Neutral from Underweight at JPMorgan... Southwest (LUV) upgraded to Neutral from Underweight at JPMorgan... Sprint (S) upgraded to Neutral from Underperform at Credit Suisse... SunPower (SPWR) upgraded to Buy from Hold at Canaccord... Take-Two (TTWO) upgraded to Buy from Hold at Brean Capital... TriQuint (TQNT) upgraded to Buy at Canaccord... Visa (V) upgraded to Outperform from Market Perform at FBR Capital... Whiting Petroleum (WLL) upgraded to Overweight from Equal Weight at Stephens.
08:32 EDTSPWRSunPower upgraded to Buy at Canaccord
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06:20 EDTSPWRSunPower upgraded to Buy from Hold at Canaccord
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October 29, 2014
08:14 EDTSPWRSunPower sees FY14 adjusted EPS $1.25-$1,40, consensus $1.29
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08:11 EDTSPWRSunPower sees Q4 adjusted EPS 15c-30c, consensus 30c
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08:09 EDTSPWRSunPower reports Q3 adjusted EPS 30c, consensus 24c
Reports Q3 adjusted revenue $704.2M, consensus $628.69M.
07:49 EDTSPWRSunPower weekly volatility elevated into Q3 and outlook
SunPower October weekly call option implied volatility is at 134, November is at 64, December is at 59, January is at 25; compares to its 26-week average of 54 according to Track Data, suggesting large near term price movement into the expected release of Q3 results today after the market close.
07:11 EDTJKSJinkoSolar to supply 19 MW of solar modules for a PV project in Chile
JinkoSolar Holding will supply 19 MW of solar modules for a PV project in Chile's Atacama Desert region which has one of the highest irradiation levels in the world.
October 24, 2014
06:38 EDTSPWR, YGEEU sets emissions, renewable energy targets, NY Times says
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October 21, 2014
06:11 EDTYGEYingli Green Energy surpasses 2,000 MW of solar panel deliveries in Americas
Yingli Green Energy announced that it has surpassed two gigawatts of cumulative solar panel deliveries in the Americas. The more than 6M Yingli Solar panels delivered are now generating electricity for more than 85,000 solar projects across the region. Yingli estimates that more than 80,000 homes and 5,000 business and institutions in the Americas are energized by its high-quality solar panels. Its most popular product line, the YGE 60 Cell Series, is a versatile multicyrstalline solar panel suited for most solar applications, from off-grid systems to large-scale utility projects. Since early 2013, Yingli has deployed more than 150 megawatts of its high-performing solar panels Latin America and the Caribbean, becoming a leader in the region in fewer than six quarters.
October 20, 2014
07:22 EDTJKSSolar Energy Trade Shows to hold a conference
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07:19 EDTSPWRJPMorgan says recent sell-off in solar space unjustified
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October 17, 2014
09:02 EDTJKSJinkoSolar supplied 34MW of solar modules to sPower for four projects
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