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Stock Market & Financial Investment News

News Breaks
June 4, 2014
11:13 EDTYGE, TSL, JKS, SOLChinese solar stocks fall following tariff decision
Shares of Chinese solar stocks are tumbling after the U.S. Commerce department made a preliminary decision on tariffs on a variety of Chinese solar products. Two research firms differed on the impact of the tariffs on the companies. WHAT'S NEW: The Commerce Department announced that it would impose duties of 18.5%-35% on imports of many Chinese solar energy products. The department closed a loophole by imposing the tariffs on products whose main parts come from China, but are assembled in other countries. Previous tariffs imposed in 2012 had not been applied to Chinese solar products that were assembled in and shipped from other countries, according to The Wall Street Journal. While today's move by the Commerce Department is preliminary and is subject to changes later this year, the U.S. will begin collecting the tariffs before their decision is made permanent, The New York Times reported. ANALYST REACTION:In a note to investors earlier today, Credit Suisse analyst Patrick Jobin wrote that the duties were worse than expected, as the market had foreseen tariffs of 10%-15% would be imposed. Additionally, the scope of the duties is worse than expected, as anything related to China-made solar cells or modules is subject to the charges, Jobin stated, noting that the market had expected only cells assembled in Taiwan to be targeted. The news is negative for Chinese solar companies Yingli Green Energy, (YGE) Trina Solar (TSL), JinkoSolar (JKS), ReneSola (SOL), and JA Solar (JASO), Jobin believes. Trina Solar and Yingli Green are among the Chinese companies most exposed to the U.S. market, and the latter company is in a particularly precarious position, given its constrained balance sheet, the analyst contended. Less pessimistic on the outlook for the Chinese solar companies was Northland Securities analyst Colin Rusch. The ruling is "negative but not that bad," he wrote. It should lower Canadian Solar's (CSIQ) EPS by 5c-10c and it should have a similar impact on JA Solar, the analyst estimated. He kept Outperform ratings on both stocks. Meanwhile, JinkoSolar's existing cost advantage will actually be boosted by over 30% as a result of the ruling, Rusch estimated. PRICE ACTION: In mid-morning trading, JinkoSolar fell 4.9% to $25.70, ReneSola gave back 4.8% to $2.20, Yingli Green tumbled 4.8% to $2.81, Canadian Solar dropped 5.2% to $23.78, and JA Solar was down 0.6% to $9.82.
News For YGE;TSL;JKS;SOL From The Last 14 Days
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August 18, 2014
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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August 15, 2014
07:44 EDTJKSJinkoSolar volatility low into Q2 and outlook
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August 13, 2014
12:16 EDTJKS, TSLCanadian Solar soars after results top estimates
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09:15 EDTJKSOn The Fly: Pre-market Movers
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06:32 EDTJKSJinkoSolar signs five-year development agreement with Lishui City
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August 12, 2014
09:35 EDTTSLActive equity options trading on open
Active equity options trading on open according to Track Data: AAPL GOOG C TSL EXAS BAC DNDN JNJ TSLA
09:21 EDTSOLOn The Fly: Pre-market Movers
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07:05 EDTTSLTrina Solar acquired 49.9 MW power project from Good Energy Group
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06:10 EDTSOLReneSola sees Q3 solar module shipments 530 MW-550 MW
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06:09 EDTSOLReneSola reports Q2 EPS 0c, consensus (42c)
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August 11, 2014
13:43 EDTTSLFranklin Resources reports 10.0% passive stake in Trina Solar
12:42 EDTJKS, YGE, SOLChina solar company estimates lowered at Credit Suisse
Creidt Suisse lowered estimates on Chinese solar companies due to continued weak pricing and lower margin expectations. The firm expects Q2 reports to be roughly in-line with guidance with reduced Q3 margin expectations.
10:19 EDTTSLOn The Fly: Analyst Initiation Summary
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09:18 EDTTSLTrina Solar initiated with a Neutral at Goldman
Target $11.50.
08:37 EDTYGEYingli Green Energy to supply over 30 MW of solar modules for Japan plant
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August 8, 2014
08:08 EDTYGEYingli Green Energy completes trial production of monocrystalline ingots
Yingli Green Energy announced that the company has successfully completed trial production of monocrystalline ingots using new material technology. Instead of using traditional graphite crucibles when pulling monocrystalline ingots, the company experimented with crucibles made from a carbon-carbon composite material. Yingli's initial estimates suggest that the new material could reduce manufacturing costs by nearly 0.01 USD per watt.
06:33 EDTYGE, TSLChina's solar energy capacity growth accelerated, Xinhua reports
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05:19 EDTSOLReneSola to supply 22 MW in solar modules for UK utility-scale projects
ReneSola announced ReneSola UK will supply 22 MW of its high-efficiency polycrystalline Virtus I and Virtus II solar modules for use in two ground-mounted, utility-scale projects in the United Kingdom. The two projects are a 10.8MW Low Carbon project in Bottom Plain, Dorset and a 15.6MW Cofely GDF Suez project in Bilsham Farm, Arundel. The Bilsham solar farm represents the start of a long-term commitment from the area to supply green energy to the national grid. The site is expected to power up to 3,600 homes with renewable energy and to reduce carbon dioxide emissions by up to 1.65M tons per year. ReneSola's Virtus I and II solar PV modules are based on a proprietary polycrystalline technology that features the efficiency and effectiveness of a monocrystalline structure. To maximize efficiency, the solar farms will use both 250W and 255W modules, which were manufactured by ReneSola OEM facilities outside of China.
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