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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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January 26, 2015
11:50 EDTJKSSolar names rise after Obama pledges U.S. help for Indian solar push
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10:28 EDTJKSIndia's Mahnidra to add 500 MW of solar energy, Reuters says
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06:48 EDTSPWR, YGETax credit, loan guarantee changes could hurt solar energy, NY Times says
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January 23, 2015
08:04 EDTSPWRTotal and SunPower complete 70MW Salvador project
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January 15, 2015
05:36 EDTYGEYingli Green Energy begins constructoin of 20MW solar power plant in Xinjiang
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