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Solar Installation Data May Put Full-Year Guidance At Risk, Gordon Johnson Warns
Thursday, March 31, 2016 - 10:26am | 345The latest solar installation numbers indicate that 2016 could be a rough year for U.S. solar companies. Axiom analyst Gordon Johnson reported early PV pricing trends and installation rates are way off industry projections for the full year. The Energy Information Administration (EIA) just...
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Vivint Solar Says It's Suing SunEdison
Wednesday, March 9, 2016 - 11:55am | 265Vivint Solar Inc (NYSE: VSLR) has taken steps to sue Sunedison Inc (NYSE: SUNE) on accusations that the latter willfully breached a previous merger agreement between the two entities. According to Vivint's press release, Vivint stated, "Among other things, Vivint Solar is seeking...
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U.S. Solar Stocks Gain On Favorable WTO Ruling
Wednesday, February 24, 2016 - 3:28pm | 236U.S.-based solar stocks surged on Wednesday after the United States won a key ruling against India at the World Trade Organization. According to Reuters, the US challenged the rules of the origin of solar cells and solar modules that are being used in the country's national solar power...
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Shares Of Trina Solar Lose 2%
Tuesday, February 23, 2016 - 2:50pm | 238Shares of Trina Solar Limited (ADR) (NYSE: TSL) were trading lower by more than 2 percent on Tuesday after the company's announcement that it acquired a solar cell factory in the Netherlands. Trina Solar said its fully owned subsidiary, Trina Solar Netherlands, completed the acquisition of all...
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JA Solar Holdings Reports Contract Win, Shares Gain 2.50%
Monday, February 22, 2016 - 2:10pm | 232Shares of JA Solar Holdings Co., Ltd. (ADR) (NASDAQ: JASO) were trading higher by more than 2.50 percent on Monday after the company announced it won a contract in South Africa. JA Solar successfully won the bidding and will work with 2 local partners, Solar Capital and Black Enterprise Empowerment...
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U.S. Solar Installations Top Natural Gas For First Time In History
Monday, February 22, 2016 - 1:37pm | 311For the first time in history, the U.S. installed more solar than natural gas capacity in 2015. According to a new report by GTM Research, U.S. solar installations increased 17 percent last year to 7,286 megawatts, the 15th consecutive annual record. The report indicates that nearly a third (...
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Canadian Solar Supplies 2.8MW Of Power To California Farmers
Friday, February 19, 2016 - 2:29pm | 299Shares of Canadian Solar Inc. (NASDAQ: CSIQ) were trading higher by more than 1 percent early Friday afternoon after the company announced that it supplied 2.8 MW of solar power to the Brar Family Partnerships in California. Canadian Solar noted that the contract will provide enough electricity to...
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The Analyst That Sent Sunedison Down 30% Says Co. Just Made A 'Desperation Move'
Thursday, February 18, 2016 - 8:59am | 446Shares of Sunedison Inc (NYSE: SUNE) fell 8 percent early Thursday morning after the company detailed its new "asset-light strategy." Sunedison said it plans on: 1) selling its Kuching, Malaysia silicon wafer production facility, 2) close its Pasadena, Texas polysilicon production...
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Canadian Solar Shares Spike After Company Says Q4 Results Will Exceed Expectations
Tuesday, February 16, 2016 - 9:52am | 339Shares of Canadian Solar Inc. (NASDAQ: CSIQ) spiked higher by more than 10 percent early Tuesday morning after the company announced that its fourth quarter and full year 2015 results will exceed its prior guidance. Canadian Solar said it expects its fourth-quarter sales to be in a range of $1.02...
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Southern Power And Turner Renewable Energy Announce Joint Acquisition Of A 20-Megawatt Solar Facility
Tuesday, February 16, 2016 - 9:03am | 214Southern Power, a subsidiary of Southern Co (NYSE: SO), announced on Monday it has teamed up with Turner Renewable Energy to jointly acquire the 20-megawatt (MW) Calipatria Solar Facility from Solar Frontier Americas. The acquisition represents Southern Power's 10th solar facility in California and...
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SunEdison Leads Short Interest Trend In Solar Stocks
Saturday, February 13, 2016 - 11:58pm | 629Short interest in many of the leading solar stocks shrank in the most recent period. Two solar companies in particular led that trend in late January. Analysts on average recommend buying shares of both of them. While short sellers shied away from many of the leading solar stocks between the...
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Solar Stocks Are Getting Killed By SolarCity's Whiff
Wednesday, February 10, 2016 - 11:18am | 320Solar stocks were getting destroyed on Wednesday, led by SolarCity Corp (NASDAQ: SCTY)'s more than 25 percent decline. In fact, SolarCity's stock hit a multi-year low of $18.76 and the last time its shares at traded at these levels was back in April 2013. SolarCity reported a better-...
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Are SolarCity's Results As Bad As Markets Thought?
Wednesday, February 10, 2016 - 9:27am | 338SolarCity Corp (NASDAQ: SCTY) was a popular choice for investors looking to jump on board the renewable energy revolution. The company was experiencing off-the-charts growth as the largest rooftop solar company in the United States, but the firm's latest quarterly results were disappointing, and...
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SolarCity Introduces SunRaising Referral Program, Will Donate Cash To Nonprofits
Wednesday, January 20, 2016 - 11:02am | 223SolarCity Corp (NASDAQ: SCTY) announced on Wednesday a new initiative to help nonprofit organizations raise funds. SolarCity created a new referral program called SunRaising. Each time a supporter of a registered nonprofit organization signs up for SolarCity's products and services, the...
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Goldman Downgrades SunPower To Neutral Amid A 'Higher Bar' Into 2016
Tuesday, January 5, 2016 - 10:07am | 279On Tuesday, Goldman Sachs issued a company report on SunPower Corporation (NASDAQ: SPWR) after a recent review of the firm's performance and valuation relative to their peers in the solar industry. Goldman Sachs downgraded SunPower Corporation from Buy to Neutral and raised their price target from...