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Stock Market & Financial Investment News

News Breaks
June 25, 2014
08:54 EDTSPWR, SCTYSunPower price target raised to $48 from $42 at RW Baird
Baird raised its price target on SunPower (SPWR) to $48 from $42 as they believe SolarCity's (SCTY) move upstream validates the company's business model. The firm also believes SunPower is best positioned for domestic and international growth in the intermediate term and has the potential to spin-off its residential business. Baird keeps its Outperform rating on the stock.
News For SPWR;SCTY From The Last 14 Days
Check below for free stories on SPWR;SCTY the last two weeks.
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July 31, 2014
18:58 EDTSPWROn The Fly: After Hours Movers
UP AFTER EARNINGS: Imperva (IMPV), up 13.4% after reporting quarterly results... LinkedIn (LNKD), up 7.7% after reporting better than expected second quarter results and guidance for third quarter and fiscal 2014... Expedia (EXPE), up 2.1% after reporting second quarter results above analyst estimates and raising its quarterly dividend... Priceline (PCLN), up marginally following Expedia's second quarter results...Tableau Software (DATA), up 1.5%... Mohawk (MHK), up 3%. ALSO HIGHER: Sarepta Therapeutics (SRPT), up 3.4% after the FDA said that it will explore quick approval of DMD drugs. DOWN AFTER EARNINGS: Web.com (WWWW), down 16.8% after reporting second quarter results and acquiring UK online directory company Scoot... ARRIS Group (ARRS), down 8.6%... Control4 (CTRL), down 11.1%... SunPower (SPWR), down 5%... GoPro (GPRO), down 11.2%... Outerwall (OUTR), down 2%... Tesla (TSLA), down marginally after reporting second quarter results and announcing that it broke ground on a possible Gigafactory location in Reno, Nevada.
16:22 EDTSPWRSunPower sees FY14 EPS $1.10-$1.40, consensus $1.31
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16:21 EDTSPWRSunPower sees Q3 EPS 15c-35c, consensus 29c
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16:20 EDTSPWRSunPower reports Q2 EPS 28c, consensus 26c
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July 30, 2014
05:22 EDTSPWRSunPower announces 29 MW supply agreement with Nangoku
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July 28, 2014
08:05 EDTSPWRHannon Armstrong to provide up to $44.5M for SunPower's solar lease program
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July 25, 2014
11:59 EDTSCTY Stocks with call strike movement; MNKD SCTY
NRG Energy (MNKD) November 10 call option implied volatility increased 3% to 86, SolarCity (SCTY) January 85 call option implied volatility increased 2% to 55 according to IVolatility.
06:51 EDTSCTYGoldman expects Q2 upside for SolarCity
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July 21, 2014
09:38 EDTSCTYActive equity options trading on open
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July 18, 2014
12:48 EDTSPWRSolar 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
07:16 EDTSCTYSolarCity management to meet with Deutsche Bank
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