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News Breaks | | | | January 2, 2013 | | 08:05 EDT |  | SPWR | MidAmerican Solar acquires solar development from SunPower MidAmerican Solar, a subsidiary of MidAmerican Renewables, and SunPower announced MidAmerican Solar's acquisition from SunPower of the 579-megawatt Antelope Valley Solar Projects, two co-located projects in Kern and Los Angeles Counties in Calif. Together, the two combined projects will form the largest permitted solar photovoltaic power development in the world and will create an estimated 650 jobs during construction. In addition, SunPower will be the engineering, procurement and construction contractor and will operate and maintain the facility via a multiyear services agreement. Construction of the solar project is scheduled to begin in first quarter 2013, with the plants expected to be complete by year-end 2015. | |
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News For SPWR From The Last 14 Days Check below for free stories on SPWR the last two weeks. |
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| May 22, 2013 | | 16:25 EDT |  | SPWR | On The Fly: Closing Wrap Stocks on Wall Street were sharply lower following a day where the Fed dominated the news. The averages were higher early in the session as Fed Chairman Ben Bernanke testified in front of Congress. However, the averages crossed into negative ground as Bernanke's comments on the potential for future QE tapering were digested. The selling accelerated in the late hours of the session following the release of the minutes from the Fed's last FOMC meeting. ECONOMIC EVENTS: In the U.S., Federal Reserve Chairman Ben Bernanke delivered testimony before the Joint Economic Committee of Congress, stating that premature tightening of monetary policy would carry a "substantial risk" of slowing or ending the economic recovery. Bernanke, however, also said the central bank could begin winding down its bond-buying program at one of its "next few meetings" if the economy continues to improve. The FOMC minutes, released at 2:00 pm ET, indicated that some committee members expressed a willingness to adjust assets purchases, though some disagreement existed over what economic data would be needed to begin such a program. The minutes also said some members might want to cut asset purchases by as soon as June. The National Association of Realtors said existing home sales advanced 0.6% to an annual rate of 4.97M units in April, which was the highest level since November 2009 but still below expectations for a rise to a 4.99M-unit rate. COMPANY NEWS: Target (TGT) shares lost $2.86, or 4.01%, to $68.40 after the company's first quarter report, which it called "disappointing." The company also cut its full-year earnings and same-store sales views. MAJOR MOVERS: Among notable gainers was Saks (SKS), up $1.83, or 13.39%, to $15.50 after the New York Post said the company hired Goldman Sachs (GS) to explore strategic alternatives and Bloomberg said KKR (KKR) was considering a stake in the luxury retailer. Also higher following its better-then-expected quarterly results was Zale (ZLC), which advanced $1.20, or 22.22%, to $6.60. Among noteworthy losers were a number of Solar stocks, including Trina Solar (TSL), down $1.07, or 14.9%, to $6.11, and SunPower (SPWR), down $1.81, or 8.62%, to $19.19 after China's Xinhua news agency said early talks between Europe and China to resolve their fight over solar panel trade rules had failed. Also lower was SolarWinds (SWI), down $6.57, or 13.71%, to $41.34 after the company said it will acquire N-able for $120M and its shares were downgraded at research firm Pacific Crest. INDICES: The Dow was down 80.41, or 0.52%, to 15,307.17; the Nasdaq was down 38.82, or 1.11%, to 3,463.30; and the S&P 500 was down 13.81, or 0.83%, to 1,655.35. | | | 13:35 EDT |  | SPWR | Cautious solar note, SolarCity lock-up highlighted by CNBC's Greenberg
Subscribe for More Information | | | 10:01 EDT |  | SPWR | Early talks over China-EU solar panel dispute fail, Xinhua says First-round talks to ease the current solar panel trade fight between China and the European Union have failed, reported Xinhua, citing Chinese trade body sources. Reference Link | | | 06:26 EDT |  | SPWR | IHS: Solar industry CapEx down 36% in 2013, Digitimes says
Subscribe for More Information | | | May 21, 2013 | | 06:42 EDT |  | SPWR | U.S., EU to negotiate with China over solar trade dispute, NY Times says The U.S. and EU will negotiate settlements with China over allegations that the country's solar energy sector carried out illegal trading practices, according to The New York times. Under a deal that's starting to emerge, Chinese solar companies would have to raise the prices of their solar panels, but the companies would no longer have to pay high tariffs, the newspaper explained. Reference Link | | | 05:55 EDT |  | SPWR | Stocks with implied volatility movement; SPWR MDLZ
Subscribe for More Information | | | May 20, 2013 | | 08:00 EDT |  | SPWR | German minister calls potential EU solar tariffs 'grave mistake,' FT says
Subscribe for More Information | | | 06:26 EDT |  | SPWR | Europe solar trade tariffs may slow down market growth, DigiTimes says Europe solar trade tariffs may slow down the market growth although some Taiwan firms may benefit from them against China players, reports Digitimes Research. An anti-subsidy tariff against China-based solar firms is expected to be 30%-67.9% with the average as high as 57.6%. Reference Link | | | 06:05 EDT |  | SPWR | Stocks with implied volatility movement; SPWR YOKU
Subscribe for More Information | | | May 16, 2013 | | 10:03 EDT |  | SPWR | On The Fly: Analyst Upgrade Summary
Subscribe for More Information | | | | 09:25 EDT |  | SPWR | SunPower price target raised to $33 from $17 at Northland Securities
Subscribe for More Information | | | 09:19 EDT |  | SPWR | On The Fly: Pre-market Movers
Subscribe for More Information | | | 07:48 EDT |  | SPWR | SunPower price target raised to $26 from $20 at Lazard Capital Lazard Capital raised its price target for SunPower following the company's analyst day and keeps a Buy rating on the stock. | | | 07:32 EDT |  | SPWR | SunPower upgraded at Cowen
Subscribe for More Information | | | 07:26 EDT |  | SPWR | SunPower upgraded to Outperform from Neutral at Cowen
Subscribe for More Information | | | May 15, 2013 | | 16:24 EDT |  | SPWR | On The Fly: Closing Wrap
Subscribe for More Information | | | 10:06 EDT |  | SPWR | SunPower to host analyst meeting Analyst meeting to be heldi n New York on May 15 at 10 am. Webcast Link | | | 09:53 EDT |  | SPWR | SunPower spikes higher after guidance update, levels to watch
Subscribe for More Information | | | 08:25 EDT |  | SPWR | SunPower volatility elevated into better than expected guidance
Subscribe for More Information | | | 08:22 EDT |  | SPWR | SunPower up 7% to $20.40 after guidance tops expectations
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