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Stock Market & Financial Investment News

News Breaks
February 28, 2013
10:21 EDTSPWR, TOTSunPower 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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September 19, 2014
18:30 EDTTOTTotal may consider spin-off of gas station business, Bloomberg reports
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07:40 EDTTOTLukoil evaluating impact of sanctions on Total jv, Reuters reports
The CEO of Lukoil (LUKOY) said the company is evaluating the impact of U.S. and European sanctions on its joint venture with Total (TOT), with which the Russian company is developing the Yamal LNG project and was planning to drill for tight oil in Siberia, reported Reuters. Reference Link
06:41 EDTSPWRGlobal solar cell demand in 2014 estimated at 40GWp, DigiTimes says
Taiwan-based makers expect global solar cell demand in 2014 is estimated at 40GWp, reports DigiTimes. Of that amount, 11GWp will be in China, 8GWp in Europe, 7GWp in Japan, 5GWp in US and 1.3GWp in India. According to the sources, China- and Taiwan-based makers together have a total annual capacity of 39-42GWp in 2014, enough to meet global demand. 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
06:31 EDTTOTTotal receives offer from Arkema for Bostik adhesives affiliate
Total has received an offer from the French group Arkema to acquire its Bostik affiliate, a global adhesives company. Arkema’s offer values Bostik at EUR1.74B, or around $2.25B, representing 11 times the company’s EBITDA. In light of the quality of the project, Total has granted Arkema an exclusivity period to pursue the offer, and it will be presented to the relevant employee representatives, as part of the required information and consultation procedures. Arkema’s offer for Bostik includes clear undertakings to continue operations sustainably and safeguard existing jobs and employee benefits. The proposed transaction is subject to approval by the relevant antitrust authorities.
September 18, 2014
07:21 EDTSPWRSolarbuzz: Five APAC markets to have 60% of solar PV demand, DigiTimes says
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September 17, 2014
08:18 EDTSPWRCanadian Solar price target raised to $45 from $40 at FBR Capital
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September 16, 2014
10:47 EDTTOTBadri sees OPEC lowering oil output target at next meeting, Reuters says
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September 12, 2014
13:03 EDTSPWRSolar stocks rise after Trina says can't keep up with demand
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September 11, 2014
14:10 EDTSPWRIndia 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
September 10, 2014
08:22 EDTTOTBofA/Merrill oil and gas analysts hold an analyst/industry conference call
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September 9, 2014
10:10 EDTTOTOn the Fly: Analyst Upgrade Summary
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07:40 EDTTOTTotal upgraded to Neutral from Underperform at BofA/Merrill
06:15 EDTTOTTotal upgraded to Neutral from Underperform at BofA/Merrill
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