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Stock Market & Financial Investment News

News Breaks
July 18, 2014
12:48 EDTTERP, SUNE, SPWR, FSLR, JKS, CSIQSolar stocks rise after successful IPO in space
Shares of solar energy companies are rising after a solar energy company's subsidiary surged on its first day of trading. WHAT'S NEW: The shares of SunEdison (SUNE) subsidiary TerraForm (TERP) are surging 36% in early afternoon trading. TerraForm Power opened at $33.26 and was trading near $34 per share at midday, after its initial public offering priced at $25 per share. TerraForm was formed to own and operate assets that generate clean power and the company plans to pay dividends. In a note to investors yesterday, Josh Baribeau, an analyst at Canaccord Genuity, wrote that TerraForm is a Yieldco. Subsidiaries of energy companies that own power plants and projects, Yieldcos typically trade on stock exchanges. Noting that TerraForm's IPO had priced at the high end of its expected range yesterday and was well oversubscribed, Baribeau wrote that this outcome reflects the strong demand for Yieldcos among investors. The Yieldcos provide investors with yield which is in high demand in today's low interest rate environment, the analyst stated. Additionally, as a result of the strong demand for Yieldcos' stocks, they provide their parent companies with "cheap and abundant capital," the analyst stated. SunEdison and TerraForm will grow their combined cash available for distributions at a faster rate than their target of 15% over the next three years, helping SunEdison's stock rise, the analyst stated. He kept a $30 price target and Buy rating on SunEdison. WHAT'S NOTABLE: A number of solar energy companies that own solar projects could form Yieldcos, research firm Trefis wrote in a Forbes column last month. Like Canaccord's Baribeau, Trefis believes that Yieldcos provide their parent companies with a cheap source of funding. Yieldcos also distribute most of their cash through dividends, Trefis stated. The firm named First Solar (FSLR) and SunPower (SPWR) as companies that could launch their own Yieldcos. PRICE ACTION: In early afternoon trading, Terraform jumped 36% to $34 and SunEdison was down 1% to $22.76. Meanwhile, First Solar rose 1.4% to $62.29, SunPower climbed 2.7% to $38.71, JinkoSolar gained 2.8% to $26.75, and Canadian Solar (CSIQ) advanced 3% to $28.71.
News For TERP;SUNE;SPWR;FSLR;JKS;CSIQ From The Last 14 Days
Check below for free stories on TERP;SUNE;SPWR;FSLR;JKS;CSIQ the last two weeks.
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September 12, 2014
13:03 EDTFSLR, SPWR, CSIQSolar stocks rise after Trina says can't keep up with demand
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September 11, 2014
14:10 EDTCSIQ, SPWR, FSLRIndia to invest $100B in renewable energy, Economic Times says
India will invest $100B in renewable energy over the next four years, the country's Power, Coal and Renewable Energy Minister Piyush Goyal said today, according to Economic Times. The country has also decided not to impose tariffs on foreign solar energy companies, the minster indicated, according to the newspaper. Publicly traded solar energy companies include Canadian Solar (CSIQ), First Solar (FSLR), JA Solar (JASO), SunPower (SPWR), Trina Solar (TSL) and Yingli Green Energy (YGE). GE (GE) makes wind turbines. Reference Link
September 10, 2014
09:22 EDTSUNEOn The Fly: Pre-market Movers
HIGHER: Twitter (TWTR), up 2.8% after upgraded at UBS... SunEdison (SUNE), up 2.7% after Google (GOOG) to provide $145M investment in the company's Regulus solar plant... Camtek (CAMT), up 15% after receiving new orders of $3.0M from large OSAT... Doral Financial (DRL), up 12.5% after announcing sale of approximately $430M in assets... Imperva (IMPV), up 1.5% after upgraded at Oppenheimer... Mandalay Digital (MNDL), up 13.7% after updating its guidance. UP AFTER EARNINGS: Land's End (LE), up 8.7%... Palo Alto (PANW), up 4.4%. LOWER: eBay (eBAY), down 2.6% after downgraded at Piper Jaffray following yesterday's launch of Apple Pay (AAPL)... Mobileye (MBLY), down 2.5% after downgraded at Deutsche Bank... Krispy Kreme (KKD), down 2% after Q2 earnings report... GT Advanced (GTAT), down 7% after downgraded at Goldman and Piper Jaffray... Boyd Gaming (BYD), down 3.3% after downgraded at Morgan Stanley... Urban Outfitters (URBN), down 2% after reporting Q3 SSS were so far in the low single-digits negative... Armada Hoffler (AHH), down 6% after filing to sell 5M shares of common stock... AvalonBay (AVB), down 1.8% after to sell 4.5M shares in a forward sales agreement with Goldman... AngloGold (AU), down 12% after announcing plans to restructure its international mining under a new company and saying equity capital raising being contemplated.
07:08 EDTCSIQCanadian Solar sells Mighty Solar power plant to Concord Green Energy
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07:04 EDTSUNEGoogle to provide $145M investment in SunEdison's Regulus solar plant
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07:02 EDTJKSJinkoSolar connects 100MW solar PV project in Jiangsu province to grid
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September 9, 2014
11:47 EDTFSLRStocks with call strike movement; FSLR VRTX
First Solar (FSLR) March 80 call option implied volatility increased 2% to 42, Vertex (VRTX) January 105 call option implied volatility increased 6% to 41 according to IVolatility.
September 8, 2014
12:16 EDTJKSJinkoSolar management to meet with Roth Capital
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07:08 EDTCSIQCanadian Solar partners with Sichuan Development to launch solar investment fund
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September 5, 2014
07:01 EDTJKSJinkoSolar promotes Charlie Cao to CFO
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September 4, 2014
13:48 EDTCSIQGoldman says China announces new solar energy policies
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September 3, 2014
06:41 EDTFSLR, CSIQ, SPWRExecutive says solar sector to benefit from rooftop demand, China Daily says
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September 2, 2014
17:00 EDTTERPTerraForm Power reports Q2 adjusted EBITDA of $20.26M, raises FY15 CAFD
The company reported Q2 net loss of $12.4M. The company raised its FY15 cash available for distribution, or CAFD, to $127M from $122M.
15:32 EDTTERPNotable companies reporting after market close
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07:05 EDTCSIQCanadian Solar purchases 11MW of Canadian solar modules
Canadian Solar announced that it supplied Conti / SunDurance with 11 MW of solar modules during the second quarter. For this 11MW order, Canadian Solar delivered to the Conti Group in total 37,202 pieces of CS6X solar modules in 6 x 12 cell matrix with UL 1000V certificate. During their 25 year life span, these modules will turn solar energy into 360,000 MWh of electricity, and reduce CO2 emissions by 67,000 tons, the equivalent to taking 11,800 cars off of the roads; or equivalent to creating a forest of 6,200 hectares with 237,000 trees.
06:45 EDTCSIQ, SPWR, FSLRCompany asks U.S. to impose new tariffs on Chinese solar firms, NY Times says
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