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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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November 23, 2014
19:12 EDTTOTIran may suggest 1M barrel a day cut at OPEC meeting, Bloomberg says
According to media reports in Iran, the Iranian oil minister Bijan Namdar Zanganeh may speak with Saudi Arabia’s Oil Minister Ali Al-Naimi on the sidelines of the OPEC meeting in Vienna this week to propose that OPEC cut its output target by as much as 1 million barrels a day, says Bloomberg. Publicly traded companies in the space include BP (BP), Chevron (CVX), ConocoPhillips (COP), Exxon Mobil (XOM), Royal Dutch Shell (RDS.A) and Total (TOT). Reference Link
November 21, 2014
06:28 EDTSPWRNRG Energy to seek large cuts in carbon emissions
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November 19, 2014
18:06 EDTSPWRSunPower announces reorganization, sees $15M-$25M restructuring charge in Q4
SunPower disclosed in a regulatory filing that on November 14, SunPower announced a reorganization plan aimed towards realigning resources consistently with SunPower's global strategy and improving its overall operating efficiency and cost structure. In connection with this plan, which is expected to be completed by the end of fiscal 2015, SunPower expects approximately 85 to 115 employees to be affected, primarily in Europe, representing approximately 1% to 2% of SunPower's global workforce. SunPower expects to incur restructuring charges totaling approximately $15M to $25M, principally composed of severance benefits, lease and related termination costs, and other associated costs. A substantial portion of such charges are expected to be incurred in the Q4, and SunPower expects more than 90% of total charges to be cash. The actual timing and costs of the plan may differ from SunPower’s current expectations and estimates due to a number of factors, including uncertainties related to required consultations with employee representatives as well as other local labor law requirements and mandatory processes in the relevant jurisdictions.
November 18, 2014
18:26 EDTTOTKeystone pipeline legislation voted down by U.S. Senate
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12:59 EDTSPWRChinese solars advance following JA Solar results
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November 17, 2014
15:25 EDTSPWRSunPower call activity attributed to takeover speculation
SunPower November 28 and 28.5 call activity is attributed to takeover speculation. November call option implied volatility is at 60, November is at 53, December is at 89, January is at 51; compares to its 26-week average of 55 according to Track Data. Active call volume suggests traders taking positions for large near term price movement.
15:21 EDTSPWRSunPower turns negative following SolarCity segment on FBN
Shares of SunPower (SPWR) briefly spiked in afternoon trading after Liz Claman of Fox Business News stated earlier on her Twitter feed: "The sun attracts billionaires! @SunPower has @WarrenBuffett investing, @solarcity has @elonmusk in." Claman appeared to have been referring to Buffett's prior investment in SunPower's 579-megawatt Solar Star development, not a new investment in its stock. The anchor spoke with SolarCity (SCTY) CEO Lyndon Rive on the network and none of the discussion focused on new events regarding Buffett or SunPower, which is now down 1% in afternoon trading near $27.24.
15:03 EDTSPWRWarren Buffett investing in SunPower, FBN's Claman reports
Fox Business News' Liz Claman stated earlier on her Twitter feed: "The sun attracts billionaires! @SunPower has @WarrenBuffett investing, @solarcity has @elonmusk in." Reference Link
15:00 EDTSPWRRumor: SunPower strength attributed to takeover speculation
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06:34 EDTSPWRSunPower outlook only 'optically' soft, says Citigroup
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November 13, 2014
09:29 EDTSPWRSunPower to host analyst day
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09:12 EDTSPWRSunPower and Castaic Lake Water Agency begin 3.5MW solar expansion project
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08:45 EDTSPWRSunPower sees Q4 GAAP EPS $1.00-$1.25, may not compare to consensus 33c
Sees Q4 GAAP revenue $1.12B-$1.17B, may not compare to consensus $624.06M.
08:41 EDTSPWRSunPower sees FY15 adjusted EPS $1.10-$1.50, consensus $1.31
Sees FY15 non-GAAP revenue $2.4B-$2.6B, consensus $2.80B. Sees FY15 GAAP revenue $2.4B-$2.6B. Sees FY15 gross margin 21%-23%. Sees Fy15 CapEx $300M-$350M.
November 12, 2014
08:18 EDTTOTUBS to hold a conference
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06:35 EDTSPWRU.S., China reach carbon emissions deal, NY Times says
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November 11, 2014
09:05 EDTTOTTotal new CEO appears to be ideal candidate, says BMO Capital
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09:00 EDTTOTBP, Total exploration efforts undeterred by $80 per barrel oil, Bloomberg says
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November 10, 2014
16:07 EDTTOTUBS to hold a conference
UBS European Conference is being held in London, England on November 11-12.

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