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Stock Market & Financial Investment News

News Breaks
March 20, 2014
07:06 EDTTSLTrina Solar announces favorable arbitration reward of $20.4M
Trina Solar announced it has received $20.4M from a customer in an arbitration settlement involving an outstanding account balance under a solar module purchase agreement. The arbitration panel determined that Trina Solar was entitled to $20.4M, which included the full amount of the outstanding accounts receivable of $17.4M sought by the company, plus sales tax and accrued interests. The arbitration fund was received subsequent to the Company's fourth quarter and full year 2013 earnings results. As a result, the accounts receivable provision of $5.7M for bad debt previously accrued has been reversed in the fourth quarter of 2013. Consequently, related financial numbers previously stated in the company's fourth quarter and full year 2013 earnings release are being adjusted to reflect this event.
News For TSL From The Last 14 Days
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August 26, 2015
10:00 EDTTSLOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: BRE Group (CBG) initiated with a Buy at Sterne Agee CRT... Callidus Software (CALD) initiated with an Overweight at Piper Jaffray... Jones Lang LaSalle (JLL) initiated with a Neutral at Sterne Agee CRT... Natural Grocers (NGVC) initiated with a Buy at Jefferies... NextEra Energy Partners (NEP) initiated with an Outperform at Baird... Sprouts Farmers Markets (SFM) initiated with a Hold at Jefferies... Synchrony Financial (SYF) initiated with a Buy at Buckingham... TerraForm Global (GLBL) initiated with a Buy at Citi... Trina Solar (TSL) initiated with a Sell at Axiom... Zebra Technologies (ZBRA) initiated with an Outperform at Barrington.
07:19 EDTTSLTrina Solar initiated with a Sell at Axiom
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August 25, 2015
11:41 EDTTSLSolarCity rises again after Chairman Musk buys shares
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August 24, 2015
16:46 EDTTSLPresident Obama announces new renewable energy commitments
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11:09 EDTTSLGoldman 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.
August 21, 2015
06:56 EDTTSLSolar companies spending $1B in Texas projects, WSJ says
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