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News Breaks | | | | February 6, 2013 | | 05:43 EDT |  | STP | Suntech initiated with a Sell at Citigroup
Target $1.50. | |
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News For STP From The Last 14 Days Check below for free stories on STP the last two weeks. |
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| May 7, 2013 | | 10:28 EDT |  | STP | Solar companies drop after First Solar report, outlook
Solar stocks are retreating after a leading company in the sector, First Solar (FSLR), reported lower than expected first quarter earnings per share and said that it would generate more earnings in the second half of 2013 than in the first half of the year. WHAT'S NEW: First Solar reported lower than expected EPS and said it expected its earnings to be higher in the second half of the year than in the first half due to the timing of revenue recognition from a number of projects. Previously the company had expected to generate higher earnings in the first half of the year. However, First Solar reaffirmed its previous fiscal 2013 EPS guidance range of $4.00-$4.50 and disclosed that it was working on "sizable" opportunities in Africa, ANALYST REACTION: In a note to investors this morning, Deutsche Bank analyst Vishal Shah wrote that First Solar's results and guidance were weak. Shah is concerned about First Solar's reliance on a strong second half performance to meet its 2013 guidance and he maintained a Hold rating on the stock. TODAY'S PRICE ACTION: In early trading, SunPower (SPWR) fell 5.7% to $15, Trina Solar (TSL) dropped 3.8% to $4.80, Canadian Solar (CSIQ) slumped 4.2% to $5.55 and First Solar tumbled 10% to $42.90. | | | 07:24 EDT |  | STP | EU to tax imported solar panel equipment form China, WSJ reports
The EU is set to place import duties on solar panel equipment made in China, with a trade battle expected to follow, reports the Wall Street Journal. Reference Link | |
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