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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
Check below for free stories on YGE;TSL;JKS;SOL the last two weeks.
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September 19, 2014
06:41 EDTYGE, TSLGlobal solar cell demand in 2014 estimated at 40GWp, DigiTimes says
Taiwan-based makers expect global solar cell demand in 2014 is estimated at 40GWp, reports DigiTimes. Of that amount, 11GWp will be in China, 8GWp in Europe, 7GWp in Japan, 5GWp in US and 1.3GWp in India. According to the sources, China- and Taiwan-based makers together have a total annual capacity of 39-42GWp in 2014, enough to meet global demand. Publicly traded companies in the space include Canadian Solar (CSIQ), First Solar (FSLR), JA Solar (JASO), SunPower (SPWR), Trina Solar (TSL) and Yingli Green Energy (YGE). Reference Link
September 18, 2014
12:58 EDTSOLReneSola management to meet with Jefferies
Meetings to be held in Hong Kong on September 23-24 hosted by Jefferies.
07:21 EDTYGE, TSLSolarbuzz: Five APAC markets to have 60% of solar PV demand, DigiTimes says
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September 17, 2014
13:10 EDTYGE, TSLChinese solars advance after analysts upbeat on space
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07:12 EDTYGE, TSLChecks show pick-up in China solar demand, says Deutsche Bank
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05:31 EDTSOLReneSola expands distribution partnership with SolarMax
ReneSola announced a new partnership initiative with Swiss inverter manufacturer SolarMax to distribute SolarMax solar inverters in Australia. The partnership is an extension of ReneSola's distribution agreement in North America, and Australia will be the second country in the world where ReneSola will sell SolarMax inverters directly to the Company's customers. ReneSola will offer its solar panels along with SolarMax's P-series and MT-series solar inverters and accessories as a premium package to residential and commercial customers. The inverters are fully certified for use in Australia and New Zealand and are accredited by the Clean Energy Council, or CEC.
September 15, 2014
09:14 EDTJKSIPO of JinkoSolar unit could be material catalyst, says Roth Capital
After meeting with JinkoSolar's CFO and one of its directors, Rtoth Capital believes that the IPO of the company's project business could be a significant catalyst for the stock, as the unit could be the first public Chinese solar yieldco. The firm thinks that the Chinese solar market is improving, and it reiterates a $40 price target and Buy rating on the shares.
September 12, 2014
13:03 EDTTSL, YGESolar stocks rise after Trina says can't keep up with demand
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11:20 EDTTSLTrina Solar can't meet customer demand at full capacity, Bloomberg reports
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September 11, 2014
14:10 EDTYGE, TSLIndia to invest $100B in renewable energy, Economic Times says
India will invest $100B in renewable energy over the next four years, the country's Power, Coal and Renewable Energy Minister Piyush Goyal said today, according to Economic Times. The country has also decided not to impose tariffs on foreign solar energy companies, the minster indicated, according to the newspaper. Publicly traded solar energy companies include Canadian Solar (CSIQ), First Solar (FSLR), JA Solar (JASO), SunPower (SPWR), Trina Solar (TSL) and Yingli Green Energy (YGE). GE (GE) makes wind turbines. Reference Link
05:40 EDTSOLReneSola to supply 10 MW DCR solar modules to project in India
ReneSola announced it will provide 10 MW of solar modules to Juwi India Renewable Energies, a Bangalore-based engineering, procurement and construction, or EPC, firm specializing in solar and wind energy plants. The modules will power a utility-scale project in Rajasthan to be developed by Atha Group, an India-based conglomerate with operations in mining, steel manufacturing, power, and renewable energy. Under the terms of the agreement, in September and November of this year, ReneSola will deliver a total of 10 MW of its Virtus modules manufactured at the company's India-based OEM facilities, in accordance with India's applicable domestic content requirements, or DCR, which call for certain solar projects in the country to incorporate locally manufactured components.
September 10, 2014
07:05 EDTTSLTrina Solar to supply 70MW high efficiency modules to project in Chile
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07:02 EDTJKSJinkoSolar connects 100MW solar PV project in Jiangsu province to grid
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September 8, 2014
12:16 EDTJKSJinkoSolar management to meet with Roth Capital
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