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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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August 25, 2015
06:39 EDTSOLReneSola sees Q3 revenue $330M-$340M, consensus $278.27M
Sees Q3 gross margin 15%-16%.
06:38 EDTSOLReneSola reports Q2 EPS (1c), consensus (11c)
Reports Q2 revenue $268.4M, consensus $283.03M.
August 24, 2015
16:46 EDTYGE, TSLPresident Obama announces new renewable energy commitments
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11:09 EDTTSL, YGEGoldman 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
10:02 EDTYGEOn The Fly: Analyst Initiation Summary
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08:18 EDTYGEYingli Green Energy initiated with a Sell at Axiom
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06:56 EDTYGE, TSLSolar companies spending $1B in Texas projects, WSJ says
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August 20, 2015
16:48 EDTJKSOn The Fly: Top stock stories for Thursday
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07:06 EDTJKSJinkoSolar sees Q3 total solar module shipments 1 GW -1.1 GW
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07:05 EDTJKSJinkoSolar reports total module shipments 913.4 MW
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07:05 EDTJKSJinkoSolar reports Q2 non-GAAP EPS $1.04, consensus 84c
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August 19, 2015
14:48 EDTJKSNotable companies reporting before tomorrow's open
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13:20 EDTJKSJinkoSolar August volatility elevated into Q2 and outlook
JinkoSolar August call option implied volatility is at 118, September is at 69; compared to its 52-week range of 47 to 100, suggesting large price movement into the expected release of Q2 results on Aug 20.
13:11 EDTTSL, YGECanadian Solar plummets after Q3 guidance, YieldCo comments
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06:36 EDTYGEYingli Green Energy receives notice regarding NYSE continued listing standard
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August 18, 2015
11:03 EDTTSL, JKSSunEdison raises capital while Trina Solar tops expectations
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07:04 EDTTSLTrina Solar expects 2015 ingot production capacity of 2.5 GW
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07:03 EDTTSLTrina Solar expects to ship 1,450 MW-1,500 MW of PV modules
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07:03 EDTTSLTrina Solar reports Q2 total module shipments were 1,231.6 MW
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07:02 EDTTSLTrina Solar reports Q2 EPS 42c, consensus 25c
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