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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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November 21, 2014
08:22 EDTVLKAYVolkswagen to invest EUR 85.6B in new models, technologies over five years
The Volkswagen Group will invest a total of EUR 85.6B in new models, innovative technologies and its global presence in its Automotive Division over the coming five years. Around two-thirds of the total investment amount will flow into increasingly efficient vehicles, drives and more environmentally friendly production. This is the result of the Group’s investment planning for 2015 to 2019 discussed by the Supervisory Board of Volkswagen Aktiengesellschaft at its meeting. “We will continue to invest in the future to become the leading automotive group in both ecological and economic terms – with the best and most sustainable products”, said Prof. Dr. Martin Winterkorn, Chairman of the Board of Management of Volkswagen Aktiengesellschaft, in Wolfsburg. “Development costs will remain high in the future as a result of high innovation pressure and increasing demands on the automotive industry from CO2 legislation. As a Group, we have the expertise and financial strength to continue to extend our technology leadership and to reach our goals for 2018.” Investments in property, plant and equipment, investment property and intangible assets, excluding capitalized development costs in the Automotive Division will amount to EUR 64.3B across the planning horizon as a whole, on a level with the planning approved in the previous year for the period from 2014 to 2018. In addition to spending on capex, the plans also include capitalized development costs of EUR 21.9 billion and proceeds from asset disposals of EUR 0.6B, net of investments in financial assets. The Group will spend most of the total capex in the Automotive Division on modernizing and extending the product range for all its brands.
06:28 EDTSPWRNRG Energy to seek large cuts in carbon emissions
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November 20, 2014
07:57 EDTVLKAYIIHS crash tests results for minivans 'one of the worst', CNBC says
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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.
06:51 EDTVLKAYRegulators push automakers for wider airbag recall, NY Times says
The National Highway Traffic Safety Administration urged automakers to recall all U.S. vehicles with airbags made by Takata, according to The New York Times. The recall of of vehicles with the airbags has been limited to two states and two territories associated with high humidity, the newspaper stated. Publicly traded companies in the space include Fiat S.p.A. (FIATY), Ford (F), General Motors (GM), Honda (HMC), Nissan (NSANY), Toyota (TM) and Volkswagen (VLKAY). Reference Link
November 18, 2014
17:37 EDTVLKAYNHTSA wants 'millions of vehicles' recalled due to Takata air bags, CNBC reports
The National Highway Traffic Safety Administration, or NHTSA, is calling for a nationwide recall of "millions of vehicles" due to Takata air bags that could inflate with too much force and injure drivers, reports CNBC. The NHTSA stated that the agency will "use the full extent of its statutory powers" if the recall is not conducted quickly, CNBC added. Publicly traded companies in the space include Fiat S.p.A. (FIATY), Ford (F), General Motors (GM), Honda (HMC), Nissan (NSANY), Toyota (TM) and Volkswagen (VLKAY). Reference Link
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
06:35 EDTSPWRU.S., China reach carbon emissions deal, NY Times says
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November 11, 2014
05:37 EDTVLKAYSAP, Shell, Volkswagen co-innovate for connected vehicle
SAP (SAP) announced a co-innovation pilot program with Shell (RDS.A, RDS.B) and Volkswagen AG (VLKAY) to investigate how connected vehicles would interact with the world around them. The ongoing pilot in Hannover, Germany, aims to lay the foundations for a range of services including an integrated system for connected fueling. The goal is to deliver drivers a hosted cloud-based solution that saves time and can deliver new, exciting customer offers through connected vehicles that could not be delivered by the three companies individually. The pilot forms the bases of discussion for further collaborations for connected vehicles between the three companies and others.

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