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Stock Market & Financial Investment News

News Breaks
April 25, 2014
13:54 EDTSPWRSunPower upgraded to Buy from Accumulate at Ardour Capital
Price target $40.
News For SPWR From The Last 14 Days
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January 28, 2016
14:11 EDTSPWRCalifornia PUC approves new net-metering rules
The California Public Utilities Commission voted 3-2 in favor of the proposed Net Energy Metering Successor Tariff.
January 25, 2016
10:22 EDTSPWROptions with decreasing implied volatility
Options with decreasing implied volatility: SRPT SPWR NFLX CREE FFIV ISRG TIF MXIM QIHU IBM
January 22, 2016
11:13 EDTSPWRBarclays bullish on solar, likes SolarCity, SunPower, First Solar
Calling the outlook on solar energy "broadly positive," Barclays today initiated coverage on SolarCity (SCTY) with an Overweight rating and upgraded SunPower (SPWR) to Overweight from Neutral. The firm, however, continues to identify First Solar as its top pick in the space. SunPower and First Solar develop solar components and solar power systems, while Solar City specializes in installing solar panels on rooftops. WHAT'S NEW: Following the extension of the 30% U.S. solar investment tax credit, or ITC, Barclays analyst John Windham increased his 2020 U.S. solar demand outlook by 33% to 57 gigawatts. The extension will result in "more orderly demand growth," he believes. Meanwhile, the recent declines in energy prices has created an attractive entry point in solar stocks, the analyst stated. In the wake of the ITC extension, SolarCity will be able to meet its 2016 guidance for 40% year-over-year growth in its installations, Windham believes. Moreover, the company will be able to meet the guidance without having to increase its customer acquisition costs, he stated. Warning that SolarCity still requires constant outside capital to fund its growth, Windham nonetheless set a $49 price target on the shares. SunPower is well-capitalized and should benefit from increased U.S. solar demand, Windham believes. He increased his price target on the name to $32 from $26. First Solar is also well-capitalized, and should benefit from the U.S. government's Clean Power Plan, as utilities will look to partner with First Solar in order to meet the plan's goals, the analyst stated. The plan will "drive strong growth" for inexpensive, large-scale solar projects in new U.S. markets, such as the Southeast, Windham believes. He kept a $90 price target and Overweight rating on the shares. PRICE ACTION: In late morning trading, SunPower climbed 3.4% to $23.66, SolarCity gained 1.2% to $32.14 and First Solar rose 2% to $64.45.
09:29 EDTSPWROn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: ABB (ABB) upgraded to Neutral from Sell at UBS... ACADIA (ACAD) upgraded to Overweight from Neutral at Piper Jaffray... ASML (ASML) upgraded to Hold from Sell at Deutsche Bank... Alaska Air (ALK) upgraded to Buy from Hold at Deutsche Bank... Arrow Electronics (ARW) upgraded to Buy from Neutral at Longbow... Avnet (AVT) upgraded to Buy from Neutral at Longbow... Avon Products (AVP) upgraded to Overweight from Neutral at Piper Jaffray... BankUnited (BKU) upgraded to Buy from Hold at Sandler O'Neill... Barclays (BCS) upgraded to Hold from Sell at Berenberg... Bristol-Myers (BMY) upgraded to Buy from Hold at Berenberg... CA Technologies (CA) upgraded to Buy from Neutral at Mizuho... CaixaBank (CAIXY) upgraded to Buy from Neutral at Nomura... Canadian Pacific (CP) upgraded to Outperform from Sector Perform at RBC Capital... Cardinal Financial (CFNL) upgraded to Outperform from Market Perform at Keefe Bruyette... Columbia Sportswear (COLM) upgraded to Outperform at Baird... Dr Pepper Snapple (DPS) upgraded to Outperform from Underperform at CLSA... Gorman-Rupp (GRC) upgraded to Outperform from Neutral at Boenning & Scattergood... Independent Bank (INDB) upgraded to Buy from Neutral at Compass Point... JD.com (JD) upgraded to Buy from Neutral at Nomura... KeyCorp (KEY) upgraded to Overweight from Equal Weight at Stephens... Lincoln National (LNC) upgraded to Strong Buy from Outperform at Raymond James... Masco (MAS) upgraded to Outperform at Baird... MetLife (MET) upgraded to Strong Buy from Market Perform at Raymond James... Northern Trust (NTRS) upgraded to Buy from Hold at Sandler O'Neill... Pacific Continental (PCBK) upgraded to Outperform at Keefe Bruyette... Qualcomm (QCOM) upgraded to Outperform from Market Perform at Northland... SL Green Realty (SLG) upgraded to Buy from Neutral at SunTrust... SVB Financial (SIVB) upgraded to Overweight from Neutral at Piper Jaffray... SunPower (SPWR) upgraded to Overweight from Equal Weight at Barclays... WEX Inc. (WEX) upgraded to Outperform from Market Perform at Wells Fargo.
05:41 EDTSPWRSunPower upgraded to Overweight from Equal Weight at Barclays
Barclays analyst Jon Windham upgraded SunPower (SPWR) to Overweight and raised his price target for the shares to $32 from $26. The analyst expects U.S. solar demand to remain robust through 2020. His top pick in the space is First Solar (FSLR). Windham initiated this morning both SolarCity (SCTY) and Sunrun (RUN) with Overweight ratings.

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