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Stock Market & Financial Investment News

News Breaks
August 5, 2014
15:18 EDTVLKAY, SPWRSunPower partners with Volkswagen to provide residential solar energy solutions
As part of Volkswagen's (VLKAY) efforts to deliver an ultra-low-carbon car, the company is working with SunPower (SPWR) to provide qualified U.S. Volkswagen e-Golf customers the opportunity to install a high performance SunPower solar system. A residential SunPower system can help customers save on annual household electricity costs as well as power their electric vehicle, reducing overall cost of ownership, according to Volkswagen. Volkswagen Group of America is SunPower's first automotive partner whose customers will receive premier access to an energy storage solution from SunPower for a limited time once it becomes commercially available.
News For SPWR;VLKAY From The Last 14 Days
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September 1, 2015
05:40 EDTSPWRBarclays rolls out solar coverage, names First Solar Top Pick
Barclays analyst Jon Windham initiated coverage of the U.S. Alternative Energy industry with a Neutral rating citing the pullback in energy prices and risk to demand from emerging markets given the step-down of the U.S. investment tax credit at the end of 2016. Windham, however, expects alternative energy demand to "remain robust" over the longer term. He started shares of First Solar (FSLR) with an Overweight rating and $71 price target. The stock closed yesterday at $47.84. The solar company's "strong" $15 per share of net cash will internally fund its international growth, Windham tells investors in a research note. He named First Solar his Top Pick in the space. The analyst rounded out his coverage in the space with Equal Weight ratings on SunPower (SPWR) and 8point3 Energy (CAFD).
05:32 EDTSPWRSunPower initiated with an Equal Weight at Barclays
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August 31, 2015
17:41 EDTVLKAYTencent-backed group to develop Tesla rival, Reuters says
A group of Chinese internet firms and investors including Tencent (TCEHY) and JD.com (JD) founder Richard Liu are backing an effort to create NextEV, an electric vehicle project meant to rival Tesla (TSLA), reports Reuters. The group has hired ex-Ford (F) executive Martin Leach as well as former Volkswagen (VLKAY), BMW (BAMXY), and Tesla employees "to build a global automaker," a spokesperson told the publication. Reference Link
11:12 EDTSPWRJPMorgan says buy SunEdison after recent pullback
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August 30, 2015
19:19 EDTVLKAYVolkswagen ordered to divest Suzuki shares as failed partnership reaches end
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August 27, 2015
08:16 EDTVLKAYVolkswagen plans to invest roughly $340M in South Africa, Bloomberg reports
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August 26, 2015
18:40 EDTVLKAYVolkswagen may export Russian vehicles amid low demand, Reuters says
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16:26 EDTVLKAYMajor automakers sued over allegedly 'deadly' keyless technology, Reuters says
A number of automakers have been named in a lawsuit alleging that keyless ignition technology can lead to "deadly" results due to carbon monoxide poisoning from cars left running under the belief that engines will automatically switch off, reports Reuters. Defendants include General Motors (GM), Ford (F), Fiat Chrysler (FCAU), Honda (HMC), Hyundai (HYMLF), Nissan (NSANY), Toyota (TM), Volkswagen (VLKAY), BMW (BAMXY), and Daimler's (DDAIF) Mercedes Benz, said Reuters. According to the plaintiffs, the carmakers had "actual knowledge" of the so-called risks and could have prevented 13 deaths and numerous injuries. Reference Link
13:42 EDTVLKAYTrueCar says 'on plan' to hit 17.2M U.S. vehicle forecast for 2015
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13:19 EDTVLKAYTrueCar says daily auto sales pace up 0.9% for August, with 17.4M SAAR
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09:04 EDTVLKAYVolkswagen's petition against Marathon Patent Group denied by USPTO
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08:50 EDTVLKAYVolkswagen's petition against Marathon Patent Group denied by USPTO
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August 25, 2015
14:27 EDTVLKAYVolkswagen delivers 792K vehicles in July
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11:41 EDTSPWRSolarCity rises again after Chairman Musk buys shares
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August 24, 2015
16:46 EDTSPWRPresident Obama announces new renewable energy commitments
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11:09 EDTSPWRGoldman says SolarCity attractive after sharp pullback
SolarCity (SCTY) shares are climbing in the down market after Goldman Sachs contended in a note to investors today that the stock is attractive following its recent sharp retreat, The company probably won't be affected by issues that are causing investors to worry about the solar sector, the firm believes. WHAT'S NEW: Noting that SolarCity's stock had tumbled 27% in the last month before today's open, Goldman Sachs analyst Brian Lee wrote that the shares are being dragged down by worries about financing and cost of capital that are affecting the entire solar sector. However, he contended that these issues are having only a "limited" impact on SolarCity. On August 13, the company successfully sold asset-backed securities and it said that more such sales are likely to occur in the near-term, Lee noted. Meanwhile, SolarCity isn't being affected by the cost of capital increases that other solar companies are experiencing, the analyst reported. Before today's open, the stock was near a two year low, even though SolarCity's fundamentals are still "strong," Lee believes. Additionally, the largest U.S. solar trade show, which is expected to begin on September 14, could boost solar stocks, as it has historically been a catalyst for the sector, the analyst stated. SolarCity may provide guidance about the outlook for its Silevo solar panel manufacturing subsidiary in the second half of 2015, and the guidance could boost the stock, Lee believes. The risk/reward ratio of SolarCity's stock is positive, according to the analyst, who has a Conviction List Buy and $85 price target on the shares. OTHERS TO WATCH: Other publicly traded companies in the solar space include Canadian Solar (CSIQ), First Solar (FSLR), JA Solar (JASO), SunEdison (SUNE), SunPower (SPWR), Trina Solar (TSL) and Yingli Green Energy (YGE). PRICE ACTION: In late morning trading, SolarCity advanced 5.3% to $43.18.
August 23, 2015
18:23 EDTVLKAYGM, Volkswagen slow production at Chinese factories, WSJ says
Auto manufacturers including General Motors (GM) and Volkswagen (VLKAY) appear to be running their Chinese factories at less than maximum capacity for the first time, reports the Wall Street Journal, citing industry data. The numbers suggest that a "bumpier ride" may be in store for multinationals that counted on Chinese demand, said the report. "The situation seems worse than that of 2008," remarked an engineer working at GM's Shanghai plant. Reference Link
August 21, 2015
06:56 EDTSPWRSolar companies spending $1B in Texas projects, WSJ says
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August 19, 2015
18:40 EDTVLKAYAudi electric SUV entering production in 2018 with 310 mile range
Volkswagen's (VLKAY) Audi (AUDVF) released additional details on its forthcoming "e-tron Quattro" electric SUV. The company said "the latest battery technology" will provide a range of more than 310 miles, adding that the SUV will be "in series production from 2018." In an August 13 press release, the company said it will be partnering with LG Chem and Samsung (SSNLF) SDI on batteries for the vehicle. Note that on August 5, Tesla (TSLA) stated that its Model X crossover utility vehicle remains on track for a late Q3 launch. Reference Link
13:11 EDTSPWRCanadian Solar plummets after Q3 guidance, YieldCo comments
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