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Stock Market & Financial Investment News

News Breaks
June 4, 2014
11:13 EDTJKS, TSL, SOL, YGEChinese 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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November 24, 2014
12:59 EDTTSLOn The Fly: Midday Wrap
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09:23 EDTTSL, YGEOn The Fly: Pre-market Movers
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08:44 EDTSOL, TSL, JKSChina, U.S. still in solar deal talks, says Roth Capital
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07:04 EDTJKSJinkoSolar to supply 7MW solar PV modules to Almacen Sustentable in Mexico
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06:30 EDTYGEYingli Green to supply 120 MW of solar panels to project in France
Yingli Green Energy announced that it has signed a landmark agreement to supply 120 MW of YGE 72 Cell solar panels for a 300 MW project in France. Upon completion this will be the largest solar power park in Europe. According to the agreement, Yingli Solar will ship more than 393,000 multicrystalline panels between December 2014 and June 2015. The solar park located in Cestas in the South West of France, covering 250 hectares of land divided in 25 solar plants, is expected to be connected to the grid in October 2015.
06:02 EDTTSLTrina Solar reports Q3 EPS 14c, consensus 15c
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November 21, 2014
08:30 EDTJKSJinkoSolar 2015 earnings can beat expectations, says Roth Capital
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06:28 EDTYGE, TSLNRG Energy to seek large cuts in carbon emissions
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06:05 EDTTSLTrina Solar receives carbon footprint verification for solar PV modules from BSI
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November 20, 2014
15:10 EDTYGEYingli Green Energy volatility flat into Q3 and outlook
Yingli Green Energy December call option implied volatility is at 73, January is at 75, March is at 58; compared to its 26-week average of 74 according to Track Data, suggesting large near term price movement into the expected release of Q3 results on November 25.
06:34 EDTJKSJinkoSolar sees 2014 total solar module shipments 2.9GW-3.2GW
06:34 EDTJKSJinkoSolar sees Q4 total solar module shipments 1,030MW-1,120MW vs. 708MW in Q3
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06:33 EDTJKSJinkoSolar reports Q3 EPS $1.36, consensus 71c
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November 19, 2014
06:16 EDTTSLTrina Solar signs 10MW turnkey solutions agreement with Jordan's Shamsuna Power
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November 18, 2014
12:59 EDTSOL, JKSChinese solars advance following JA Solar results
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10:15 EDTTSLTrina Solar could be worth $1.1B-$1.2B for pe buyer, AsianSweeper says
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07:05 EDTJKSJinkoSolar closes $225M investment led by CDB and MGCIF
JinkoSolar Holding announced that it closed the private equity investment led by China Development Bank International, or CDB and the Macquarie Greater China Infrastructure Fund, or MGCIF, a fund managed by Macquarie Infrastructure and Real Assets, of an aggregate amount of $225M in the Company's downstream solar power project business. JinkoSolar Power Engineering Group, a subsidiary of JinkoSolar that develops and operates its downstream solar power project business, entered into definitive share purchase agreements with each of CDBI, MGCIF and New Horizon Capita. Under the share purchase agreements, CDBI, MGCIF and New Horizon have agreed to invest an aggregate amount of $225M in Jinko Power. The three investors hold a total of approximately 45% of Jinko Power's equity interest. They will provide support and additional resources to facilitate the spin off and listing of Jinko Power and the downstream business development in terms of project financing, project development, project operation and global green energy network.
November 13, 2014
06:25 EDTTSLTrina Solar supplied 28.5MW of modules to large-scale projects in U.K.
Trina Solar supplied 28.5MW of PV modules to sPower, a renewable energy provider, and Camborne Capital, a UK solar developer. The panels will be installed over the coming months to ensure the facilities are energized and accredited to meet the March 31, 2015 1.4 Renewable Obligation Certificates deadline.
November 12, 2014
06:35 EDTYGE, TSLU.S., China reach carbon emissions deal, NY Times says
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November 11, 2014
07:06 EDTJKSJinkoSolar subsidiary signs $20M credit agreement with Wells Fargo Bank
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