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Stock Market & Financial Investment News

News Breaks
June 19, 2014
06:33 EDTYGEYingli Green to supply 12 MWp of solar modules to Malaysian projects
Yingli Green announced that its wholly-owned subsidiary, Yingli Green Energy Singapore Company is supplying 12 MWp of solar modules to Gading Kencana Sdn Bhd., a leading solar energy company in Malaysia. Yingli's high-efficiency PANDA solar modules, which contain Yingli's patented n-type cell technology, will be used in an 8 MWp utility-scale solar farm in Malacca, Malaysia, which covers approximately 14.5 acres. 30,000 Yingli modules have already been delivered to the project site, and it's estimated that the plant will generate approximately 11 million kWh of clean electricity per year. The remaining 4 MWp of Yingli modules comprising PANDA modules and multicrystalline solar modules will be used in a second project phase, which will be dedicated to residential installations across Malaysia. Yingli's modules are estimated to produce approximately 4,160 MWh of clean electricity per year, which is enough to power about 1,000 typical homes in Malaysia.
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January 30, 2015
12:12 EDTYGESeveral solar stocks rise following RBC upgrades
A number of solar energy stocks are rising after RBC Capital upgraded three names in the sector to Outperform from Sector Perform in a note to investors today. WHAT'S NEW: RBC Capital analyst Mahesh Sanganeria upgraded shares of SunPower (SPWR) to Outperform from Sector Perform. New plants being developed by the company should increase its manufacturing capacity, enabling it to benefit from demand increases, the analyst stated, noting that the company has been unable to keep pace with demand. Meanwhile, SunPower could generate $90M-$100M in cash annually and $70M-$80M in cash available for distribution if it forms a yieldco, the analyst estimated. A yieldco would increase SunPower's value by $1.9B, according to Sanganeria. Yieldcos are subsidiaries of energy companies that own power plants and projects and typically trade on stock exchanges. The analyst raised his price target on SunPower to $36 from $35. Sanganeria also upgraded two Chinese solar companies, JA Solar (JASO) and Trina Solar (TSL). JA Solar should be able to outperform the overall solar market by selling more of its products to markets with higher prices, as well as selling a higher percentage of solar modules that attract higher prices, the analyst believes. Global solar installations should increase in the low to mid teen percentage levels, noted the analyst, who raised his price target on JA Solar to $13 from $12. As for Trina Solar, Sanganeria expects the company to benefit from its strong balance sheet, which should help it expand its business. Additionally, the Chinese company should benefit from stable margins, as it cuts costs faster than solar prices decline, according to Sanganeria. Finally, Trina should be able to increase its profit margins in the longer term by building more solar power plants, wrote the analyst, noting that the company's U.K. plants achieved 20% gross margins, above the company's overall mid-teen percentage margins. Sanganeria raised his price target on the name to $13 from $12. OTHERS TO WATCH: Other publicly traded companies in the solar space include Canadian Solar (CSIQ), First Solar (FSLR), and Yingli Green Energy (YGE). PRICE ACTION: In early afternoon trading, SunPower climbed 1% to $24.25, Trina Solar gained 2% to $9.05, and JA Solar gained 2% to $8.
January 26, 2015
06:48 EDTYGETax credit, loan guarantee changes could hurt solar energy, NY Times says
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