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Stock Market & Financial Investment News

News Breaks
January 27, 2014
10:26 EDTTSL, YGE, SCTY, JKS, FSLR, 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 22, 2014
07:04 EDTJKSJinkoSolar signs project investment agreement with Hengfeng County
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06:34 EDTYGE, TSL, CSIQChina not meeting shale gas goals, NY Times says
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August 21, 2014
12:15 EDTJKSJinkoSolar mentioned positively at Northland
08:59 EDTSCTYSolarCity management to meet with Deutsche Bank
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07:45 EDTYGEYingli Green Energy to supply 2 MW rooftop solar project in Japan
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07:14 EDTTSLTrina Solar's Duo-Max module receives certifications from UL and TUV Rheinland
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August 20, 2014
08:27 EDTCSIQCanadian Solar completes sale of Good Light Solar Power Plant to BluEarth
Canadian Solar's wholly-owned subsidiary, Canadian Solar Solutions, has completed the sale of Good Light, a 10 MW AC solar power plant located in the town of Kawartha Lakes, Ontario, Canada, valued at over $60.3M, to a BluEarth Renewables subsidiary. This is the second of four planned solar projects being acquired by BluEarth from Canadian Solar, totalling 38.5 MW AC.
07:05 EDTJKSJinkoSolar to supply 40 MW of PV Solar Modules to Chilean solar company
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August 19, 2014
10:13 EDTSCTYOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: CNOOC (CEO) downgraded to Hold from Buy at Jefferies... Guess (GES) downgraded to Neutral from Overweight at Piper Jaffray... Ingersoll-Rand (IR) downgraded at RW Baird... Lehigh Gas (LGP) downgraded to Neutral from Buy at Ladenburg... Lexicon (LXRX) downgraded to Hold from Buy at Gabelli... Monster Beverage (MNST) downgraded to Neutral from Buy at SunTrust... Nobel Biocare (NBHGY) downgraded to Hold from Buy at Berenberg... Saint Joe Co. (JOE) downgraded to Market Perform from Outperform at Raymond James... SolarCity (SCTY) downgraded at RW Baird.
09:20 EDTJKS, TSL, YGE, CSIQReported settlement offer positive for Chinese solar stocks, says Roth Capital
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09:11 EDTSCTYSolarCity downgraded at RW Baird
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06:02 EDTYGEYingli Green Energy installs solar power system in Munich
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06:00 EDTSCTYSolarCity downgraded to Neutral from Outperform at RW Baird
August 18, 2014
13:19 EDTJKSJinkoSolar shares attractively valued, says Jefferies
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09:03 EDTJKSOn The Fly: Pre-market Movers
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07:05 EDTTSLTrina Solar announces supply of 82MW of anti-PID modules to Sihong
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07:03 EDTJKSJinkoSolar sees FY14 total soluar module shipments in range of 2.9-3.2GW
This total includes 2.3GW to 2.5GW module shipments to third parties, and 600 MW to 650 MW for its own downstream projects. Full year project development scale is expected to be above 600 MW.
07:03 EDTJKSJinkoSolar sees Q3 total solar module shipments of 800-850MW
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07:02 EDTJKSJinkoSolar reports Q2 total solar product shipments amounted to 695.5 MW
That total consists of 570.8 MW of solar modules, 54.1 MW of silicon wafers and 34.6 MW of solar cells. As of June 30, 2014, the Company has connected 252 MW of solar projects to the grid and expects to connect another 100 MW of solar projects during the third quarter.
07:02 EDTJKSJinkoSolar reports Q2 non-GAAP EPS 80c, consensus 76c
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