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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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December 22, 2014
14:41 EDTTOTS&P revises outlook to negative for Shell, BP and Total
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December 21, 2014
19:45 EDTTOTSaudis say oil prices will recover as global economies grow,The Independent says
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16:42 EDTTOTSaudis say no cut in oil production is forthcoming, Reuters says
Signalling that it will ride out the recent volatility in oil markets, Saudi Arabia said it will not cut oil production even if non-OPEC nations did so, Reuters reports. "If they want to cut production they are welcome: We are not going to cut, certainly Saudi Arabia is not going to cut," commented Saudi Oil Minister Ali al-Naimi. 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
December 18, 2014
08:52 EDTTOTMarket under-appreciating cost curve adjustments by oil majors, says Cowen
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December 17, 2014
16:12 EDTSPWRSunPower announces exclusive agreement with Sunverge
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06:36 EDTSPWRU.S. announces tariffs on Chinese, Taiwanese solar companies, NY Times says
The U.S. announced that it would impose tariffs of 26.7%-78.4% on the imports of most Chinese made solar panels, and tariffs of 11.45%-27.5% on solar cells made in Taiwan, according to The New York Times. Duties of 27.6%-50% will be imposed on modules made in China, the newspaper quoted the Commerce Department as saying. American officials still hope that they can reach a settlement with the Chinese on solar trade issues, the newspaper stated. 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
December 16, 2014
09:59 EDTSPWROn The Fly: Analyst Upgrade Summary
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09:16 EDTSPWROn The Fly: Pre-market Movers
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08:09 EDTSPWRSunPower upgraded at Morgan Stanley
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06:34 EDTSPWRSunPower upgraded to Overweight from Equal Weight at Morgan Stanley
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December 15, 2014
10:10 EDTSPWRSolar stocks could be volatile ahead of ITC/ITA decisions, says Brean Capital
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08:04 EDTSPWRSunPower invests $20M in Tendril
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December 14, 2014
17:07 EDTTOTOPEC's Badri says group will withstand oil price fall, Reuters says
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December 12, 2014
06:51 EDTTOTBrent crude oil fell to five year low, Reuters reports
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December 8, 2014
07:53 EDTTOTClimate for Exxon E&P acquisition improved by falling prices, WSJ says
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