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Stock Market & Financial Investment News

News Breaks
January 27, 2014
10:26 EDTSCTY, FSLR, YGE, JKS, TSL, CSIQSolar stocks bounce back after analyst says China not cutting target
Shares of solar energy companies are rebounding after dropping sharply on Friday. Today's bounce came after Deutsche Bank wrote that China is not reducing its 2014 solar energy target, as had been reported on Friday. WHAT'S NEW: Bloomberg reported on Friday that China had decided to reduce its solar energy generation target to 10 gigawatts from 14 gigawatts, Deutsche Bank analyst Vishai Shah stated in a note to investors earlier today. However, Shah says hat the country is actually maintaining its 14 gigawatt target. A press release from China's National Energy Administration, upon which the Bloomberg story had been based, referred to previous targets, Shah indicated. Moreover, solar projects in China are being approved without regard to quotas and China exceeded its 2013 solar energy target by a significant amount, added the analyst. He reiterated Buy ratings on Trina Solar (TSL), Yingli Green Energy (YGE), and SolarCity (SCTY). PRICE ACTION: In early trading, Trina Solar jumped 5% to $14.30, Yingli Green rallied 5.3% to $6.17, SolarCity advanced 1% to $71.10, JinkoSolar (JKS) gained 2.5% to $40.45, Canadian Solar (CSIQ) rose 3.7% to $38.65, and First Solar (FSLR) climbed 2.6% to $49.90.
News For TSL;YGE;SCTY;JKS;FSLR;CSIQ From The Last 14 Days
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August 25, 2015
11:41 EDTSCTY, YGE, TSL, CSIQ, FSLRSolarCity rises again after Chairman Musk buys shares
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09:59 EDTCSIQ, SCTYOn The Fly: Analyst Initiation Summary
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09:35 EDTCSIQActive equity options trading on open
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09:13 EDTSCTYOn The Fly: Pre-market Movers
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08:49 EDTJKSJinkoSolar results, guidance were strong, says Roth Capital
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07:49 EDTSCTYSolarCity initiated with a Market Perform at Cowen
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06:52 EDTCSIQCanadian Solar initiated with an Outperform at Cowen
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August 24, 2015
16:46 EDTYGE, TSL, FSLR, SCTY, CSIQPresident Obama announces new renewable energy commitments
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16:03 EDTSCTYSolarCity Chairman Elon Musk buys 123,510 shares
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11:09 EDTTSL, CSIQ, FSLR, YGE, SCTYGoldman says SolarCity attractive after sharp pullback
SolarCity (SCTY) shares are climbing in the down market after Goldman Sachs contended in a note to investors today that the stock is attractive following its recent sharp retreat, The company probably won't be affected by issues that are causing investors to worry about the solar sector, the firm believes. WHAT'S NEW: Noting that SolarCity's stock had tumbled 27% in the last month before today's open, Goldman Sachs analyst Brian Lee wrote that the shares are being dragged down by worries about financing and cost of capital that are affecting the entire solar sector. However, he contended that these issues are having only a "limited" impact on SolarCity. On August 13, the company successfully sold asset-backed securities and it said that more such sales are likely to occur in the near-term, Lee noted. Meanwhile, SolarCity isn't being affected by the cost of capital increases that other solar companies are experiencing, the analyst reported. Before today's open, the stock was near a two year low, even though SolarCity's fundamentals are still "strong," Lee believes. Additionally, the largest U.S. solar trade show, which is expected to begin on September 14, could boost solar stocks, as it has historically been a catalyst for the sector, the analyst stated. SolarCity may provide guidance about the outlook for its Silevo solar panel manufacturing subsidiary in the second half of 2015, and the guidance could boost the stock, Lee believes. The risk/reward ratio of SolarCity's stock is positive, according to the analyst, who has a Conviction List Buy and $85 price target on the shares. OTHERS TO WATCH: Other publicly traded companies in the solar space include Canadian Solar (CSIQ), First Solar (FSLR), JA Solar (JASO), SunEdison (SUNE), SunPower (SPWR), Trina Solar (TSL) and Yingli Green Energy (YGE). PRICE ACTION: In late morning trading, SolarCity advanced 5.3% to $43.18.
09:11 EDTSCTYSolarCity pullback on sector-wide trends a buying opportunity, says Goldman
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August 21, 2015
17:57 EDTSCTYSolarCity CEO says customer default rate 'extremely low'
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16:21 EDTSCTYOn The Fly: Top stock stories for Friday
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12:26 EDTSCTYSolarCity sinks after Chanos announces short position
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12:20 EDTSCTYJim Chanos says short SolarCity
11:34 EDTSCTYSolarCity volatility increases on pullback
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10:02 EDTYGEOn The Fly: Analyst Initiation Summary
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10:01 EDTCSIQCanadian Solar upgraded to Buy from Hold at Standpoint Research
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08:18 EDTYGEYingli Green Energy initiated with a Sell at Axiom
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06:56 EDTTSL, YGE, CSIQ, FSLRSolar companies spending $1B in Texas projects, WSJ says
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