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Stock Market & Financial Investment News

News Breaks
January 27, 2014
10:26 EDTJKS, TSL, CSIQ, SCTY, FSLR, YGESolar 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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May 26, 2015
06:46 EDTFSLRFirst Solar downgraded to Underperform from Sector Perform at RBC Capital
RBC Capital downgraded First Solar to Underperform and lowered its price target on the stock to $34 from $54. The firm believes First Solar's cost advantage over C-Si module producers is diminishing and that its earnings power is significantly below previous guidance and consensus. RBC Capital rolled out 2016 estimates of $1.37/$3.4B, versus consensus of $3.48/$4.1B and guidance of $3.50-$5.00/$3.8B-$4.5B. The firm sees limited upside to its estimates given First Solar's high exposure to utility scale projects and long-lead time and development cycles, combined with lower ASPs and gross margins to third-party module estimates.
May 22, 2015
08:56 EDTFSLRJefferies to hold a field trip
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07:31 EDTTSLTrina Solar price target raised to $18 from $15 at RBC Capital
RBC Capital raised its price target on Trina after the company reported stronger than expected results. The firm says the company's margins can rise if the U.S. lowers its tariff rate and the company increases capacity and reduces outsourcing. RBC keeps an Outperform rating on the shares.
May 21, 2015
19:51 EDTSCTYSolarCity CEO says Tesla Battery works with solar homes
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12:01 EDTFSLRSouthern Company subsidiary acquires 103-MW Georgia solar project
Southern Company (SO) subsidiary Southern Power acquired the 103-megawatt Butler solar facility from Community Energy in Georgia. The project, which was initially developed by Community Energy was selected by Southern Company subsidiary Georgia Power in a competitive process through the nationally recognized Georgia Power Advanced Solar Initiative. The facility, which will be located on approximately 1,070 acres in Taylor County, Georgia, is expected to enter commercial operation in the fourth quarter of 2016. Construction is slated to begin in September 2015, with First Solar (FSLR) managing the building, operations and maintenance of the facility. The Butler solar facility is expected to consist of more than 1 million of First Solar's thin-film photovoltaic solar modules mounted on single-axis tracking tables. The electricity and associated renewable energy credits generated by the facility will be sold under a 30-year power purchase agreement with Georgia Power, which will have the option to keep or sell the RECs, for the benefit of its customers or renewable energy programs.
10:29 EDTTSLTrina Solar rallies after earnings beat, levels to watch
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09:28 EDTTSLOn The Fly: Pre-market Movers
UP AFTER EARNINGS: Quality Systems (QSII), up 9.5%... Trina Solar (TSL), up 7.1%... Best Buy (BBY), up 7.5%... Kirkland's (KIRK), up 4.3% after reporting quarterly results, guidance, and announcing a $1.50 per share special dividend... Williams-Sonoma (WSM), up 3.8%... salesforce.com (CRM), up 4.8%... Youku Tudou (YOKU), up 1.2%. ALSO HIGHER: CTPartners (CTP), up 30.7% after agreeing to exclusive negotiations to be acquired by DHR International... Omnicare (OCR), up 1.3% after CVS Health (CVS) agrees to acquire the company for $98.00 per share, CVS Health is up 1%... Telenav (TNAV), up 3.3% after being initiated with an Outperform at Northland. DOWN AFTER EARNINGS: NetApp (NTAP), down 11.7%... Rexnord (RXN), down 9.9%... Dollar Tree (DLTR), down 2%. ALSO LOWER: Wave Systems (WAVX), down 22.9% after 7.3M share Spot Secondary priced at 65c... Lumber Liquidators (LL), down 16.5% after CEO resigns... Dicerna Pharmaceuticals (DRNA), down 5.8% after 2.75M share Secondary priced at $17.75.
07:26 EDTTSLTrina Solar reports Q1 total module shipments of 1,026.2 MW
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07:25 EDTTSLTrina Solar sees FY15 total shipment volume up 20%-26% YoY
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07:23 EDTTSLTrina Solar sees Q2 shipments 1,100 MW-1,140 MW
Of the Q2 shipment outlook, 150 MW to 170 MW of PV modules will be shipped to the company's downstream PV projects, revenues of which will not be recognized. The company expects to connect 65 MW-70 MW of PV projects to the grid in Q2.
07:22 EDTTSLTrina Solar reports Q1 EPS 16c, consensus 9c
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May 20, 2015
15:00 EDTTSLNotable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's open, with earnings consensus, include Dollar Tree (DLTR), consensus 75c... Best Buy (BBY), consensus 29c... Advance Auto Parts (AAP), consensus $2.48... Patterson Companies (PDCO), consensus 65c... Donaldson Company (DCI), consensus 35c... Booz Allen Hamilton Holding (BAH), consensus 33c... The Buckle (BKE), consensus 78c... Monro Muffler Brake (MNRO), consensus 39c... Brady Corp. (BRC), consensus 37c... Trina Solar (TSL), consensus 9c... Quality Systems (QSII), consensus 15c... Kirkland's (KIRK), consensus 11c... Bon-Ton Stores (BONT), consensus ($1.56).
05:28 EDTYGEYingli Green Energy responds to media coverage of its ability as going concern
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May 19, 2015
08:52 EDTCSIQConcerns over Canadian Solar 'just near-term noise' says Roth Capital
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08:47 EDTYGEYingli Green Energy seeks strategic investor, Bloomberg reports
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May 18, 2015
15:25 EDTSCTYSolarCity management to meet with JPMorgan
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07:08 EDTJKSJinkoSolar to supply 50 MW of solar panels to Tegnatia for projects in Turkey
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07:02 EDTCSIQCanadian Solar receives $44.4M non-recourse construction loan
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07:01 EDTJKSJinkoSolar to supply 50MW of solar panels to Tegnatia
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05:13 EDTCSIQCanadian Solar to host investor day
Investor Day to be held in New York on May 18 at 9 am. Webcast Link
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