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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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September 18, 2014
12:58 EDTSOLReneSola management to meet with Jefferies
Meetings to be held in Hong Kong on September 23-24 hosted by Jefferies.
07:21 EDTYGE, SPWRSolarbuzz: Five APAC markets to have 60% of solar PV demand, DigiTimes says
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September 17, 2014
13:10 EDTYGEChinese solars advance after analysts upbeat on space
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08:18 EDTSPWRCanadian Solar price target raised to $45 from $40 at FBR Capital
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07:12 EDTYGEChecks show pick-up in China solar demand, says Deutsche Bank
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05:31 EDTSOLReneSola expands distribution partnership with SolarMax
ReneSola announced a new partnership initiative with Swiss inverter manufacturer SolarMax to distribute SolarMax solar inverters in Australia. The partnership is an extension of ReneSola's distribution agreement in North America, and Australia will be the second country in the world where ReneSola will sell SolarMax inverters directly to the Company's customers. ReneSola will offer its solar panels along with SolarMax's P-series and MT-series solar inverters and accessories as a premium package to residential and commercial customers. The inverters are fully certified for use in Australia and New Zealand and are accredited by the Clean Energy Council, or CEC.
September 15, 2014
09:14 EDTJKSIPO of JinkoSolar unit could be material catalyst, says Roth Capital
After meeting with JinkoSolar's CFO and one of its directors, Rtoth Capital believes that the IPO of the company's project business could be a significant catalyst for the stock, as the unit could be the first public Chinese solar yieldco. The firm thinks that the Chinese solar market is improving, and it reiterates a $40 price target and Buy rating on the shares.
September 12, 2014
13:03 EDTYGE, SPWRSolar stocks rise after Trina says can't keep up with demand
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September 11, 2014
14:10 EDTSPWR, YGEIndia to invest $100B in renewable energy, Economic Times says
India will invest $100B in renewable energy over the next four years, the country's Power, Coal and Renewable Energy Minister Piyush Goyal said today, according to Economic Times. The country has also decided not to impose tariffs on foreign solar energy companies, the minster indicated, according to the newspaper. Publicly traded solar energy companies include Canadian Solar (CSIQ), First Solar (FSLR), JA Solar (JASO), SunPower (SPWR), Trina Solar (TSL) and Yingli Green Energy (YGE). GE (GE) makes wind turbines. Reference Link
05:40 EDTSOLReneSola to supply 10 MW DCR solar modules to project in India
ReneSola announced it will provide 10 MW of solar modules to Juwi India Renewable Energies, a Bangalore-based engineering, procurement and construction, or EPC, firm specializing in solar and wind energy plants. The modules will power a utility-scale project in Rajasthan to be developed by Atha Group, an India-based conglomerate with operations in mining, steel manufacturing, power, and renewable energy. Under the terms of the agreement, in September and November of this year, ReneSola will deliver a total of 10 MW of its Virtus modules manufactured at the company's India-based OEM facilities, in accordance with India's applicable domestic content requirements, or DCR, which call for certain solar projects in the country to incorporate locally manufactured components.
September 10, 2014
07:02 EDTJKSJinkoSolar connects 100MW solar PV project in Jiangsu province to grid
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September 8, 2014
12:16 EDTJKSJinkoSolar management to meet with Roth Capital
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September 5, 2014
07:01 EDTJKSJinkoSolar promotes Charlie Cao to CFO
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