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Stock Market & Financial Investment News

News Breaks
February 28, 2013
10:21 EDTTOT, SPWRSunPower climbs after analyst says stock can continue run-up
Shares of solar energy company SunPower (SPWR), which have jumped about 175% in the last three months, are advancing again after Citigroup analyst Shahriar Pourreza wrote that the company's stock can advance further. SunPower has a number of positive catalysts, including greater investor interest in solar energy stocks and the expansion of third party financing for solar energy companies, the analyst stated in a note to investors earlier today. Moreover, SunPower's joint venture in Japan should generate significant growth and it is well-positioned to win a sizable share of new projects in the Middle East, which is expected to become a major player in solar energy, Pourreza contends. Finally, Total's (TOT) 66% stake in SunPower puts a floor under the stock and SunPower should benefit from its diverse product pipeline, added the analyst. Pourreza's price target on the shares was increased to $16 from $12 and the analyst maintained a Buy rating on the stock, which rose 80c, or 7%, to $12.50 in early trading.
News For SPWR;TOT From The Last 14 Days
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July 29, 2015
13:04 EDTTOTSaudi Arabia to lower oil production after summer, WSJ reports
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08:46 EDTSPWRSunPower set for substantial growth, says Baird
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06:47 EDTTOTTotal expects start-ups of Surmont Phase 2, GLNG, Laggan-Tormore to be in 2H15
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06:46 EDTTOTTotal expects to exceed 2015 objective to cut operating costs by $1.2B in 2015
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06:46 EDTTOTTotal reports Q2 adjusted EPS $1.34, consensus $1.15
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July 28, 2015
19:10 EDTSPWROn The Fly: After Hours Movers
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16:28 EDTSPWRSunPower FY15 EPS $1.50-$1.80, may not compare to consensus $1.00
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16:27 EDTSPWRSunPower sees Q3 revenue $400M-$450M, consensus $640.89M
Sees Q3 megawatts deployed in the range of 300-MW to 330-MW. Sees Q3 GAAP EPS (60c)-(50c).
16:25 EDTSPWRSunPower reports Q2 EPS 18c, consensus 17c
Reports Q2 revenue $381M, may not compare to consensus $513M.
08:33 EDTSPWRSunPower and ConEdison to offer solar power systems leasing
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July 27, 2015
17:07 EDTSPWRSunPower acquires 1.5 gigawatt U.S. solar power plant pipeline
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July 24, 2015
13:48 EDTTOTTotal looks to sell 50% of Texas refinery
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11:01 EDTSPWRSolarCity rises after analyst says second half outlook strong
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July 23, 2015
08:25 EDTSPWRSunPower to build 100 MW solar power plant for NV Energy
SunPower has signed a 20-year power purchase agreement with NV Energy to build a 100 MW solar photovoltaic power plant planned for construction in the Eldorado Valley of Boulder City, Nevada. The project is expected to create approximately 200 jobs during construction, which is anticipated to commence before the end of 2015, with commercial operation planned in 2016. SunPower acquired the project from KOMIPO America earlier this year.
July 22, 2015
08:13 EDTSPWRDominion and SunPower partner to supply solar power to New Jersey homeowners
Dominion (D) subsidiary Dominion Retail and SunPower (SPWR) announced a collaboration of the two companies to offer SunPower solar power systems to New Jersey homeowners. Dominion will provide program details to residents through a marketing campaign scheduled to begin this summer.
06:39 EDTTOTEuro, U.S. oil and gas groups to find tough competition in Iran, WSJ says
European and U.S. oil and gas firms drawn to Iran as sanctions lessen can expect not only opportunities, but also Iranian companies offering tough competition or joint ventures, the Wall Street Journal reports. Though no Iran-based companies have the clout of firms such as Exxon Mobil (XOM) or Schlumberger (SLB), companies that can take on engineering tasks are emerging and growing in Iran, the report says. If the Iran nuclear agreement comes into effect and sanctions are lifted against Iran sometime soon, those Iranian companies will be well positioned to compete for tens of billions of dollars worth of service contracts, the report adds. Other publicly traded companies in the space include BP (BP), Chevron (CVX), ConocoPhillips (COP), Royal Dutch Shell (RDS.A) and Total (TOT). Reference Link
July 21, 2015
05:34 EDTTOTTotal starts production from Dalia Phase 1A on deep offshore Block 17
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July 16, 2015
08:17 EDTSPWRPullback in solar space provides attractive entry point, says Cowen
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