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SPWR

SunPower

$6.89

-0.09 (-1.29%)

, SUNEQ

SunEdison

$0.00

(0.00%)

21:08
08/14/18
08/14
21:08
08/14/18
21:08

China lodges WTO complaint about U.S. solar tariffs, Reuters says

China Commerce Ministry has filed a complaint with the World Trade Organization to determine the legality of U.S. decision to subsidize its renewable energy industry and charge a tariff on imported products, Reuters reports. China Commerce Ministry's statement reads: "As the U.S. violations have severely distorted the global market for products like photovoltaics and seriously damaged China's trade interests, China's use of the WTO dispute settlement mechanism is a necessary measure to safeguard its legitimate rights and interests and maintain multilateral trade rules." Publicly traded companies in the space include Canadian Solar (CSIQ), First Solar (FSLR), JA Solar (JASO), SunEdison (SUNEQ), SunPower (SPWR), Trina Solar (TSL) and Yingli Green Energy (YGE). Reference Link

SPWR

SunPower

$6.89

-0.09 (-1.29%)

SUNEQ

SunEdison

$0.00

(0.00%)

CSIQ

Canadian Solar

$13.33

-0.27 (-1.99%)

JASO

JA Solar

$0.00

(0.00%)

TSL

Trina Solar

$0.00

(0.00%)

FSLR

First Solar

$52.01

-0.48 (-0.91%)

SCTY

Bought by TSLA

$0.00

(0.00%)

YGE

Yingli Green Energy

$0.00

(0.00%)

  • 14

    Aug

SPWR SunPower
$6.89

-0.09 (-1.29%)

06/25/18
06/25/18
UPGRADE
Target $63

Buy
First Solar upgraded to Buy on 'most bullish possible' IRS guide at BofA/Merrill
As previously reported, BofA Merrill Lynch analyst Julien Dumoulin-Smith upgraded First Solar (FSLR) to Buy from Neutral, stating that the latest IRS tax guidance allowing for up to 4-year ITC extension on solar projects with commence construction qualification was " the most bullish interpretation IRS could have released." The IRS guidance is likely worth at least $50B to his prior cumulative capex expectations for the sector through 2023, Dumoulin-Smith tells investors. While he has less confidence on a module price recovery, the analyst sees prospects for more U.S. bound projects, he added. He maintains a $63 price target on First Solar shares. Other publicly traded companies in the space include Canadian Solar (CSIQ), JA Solar (JASO), SunEdison (SUNEQ), SunPower (SPWR), Trina Solar (TSL) and Yingli Green Energy (YGE).
06/19/18
FBCO
06/19/18
UPGRADE
Target $53
FBCO
Neutral
Credit Suisse upgrades First Solar to Neutral amid 'overblown' Section 301 fears
As previously reported, Credit Suisse analyst Michael Weinstein upgraded First Solar (FSLR) to Neutral from Underperform, noting that solar manufacturers and developers' stocks have recently slumped on concerns about the fresh round of "Section 301" tariffs on Chinese imports. However, he thinks the negative reaction is "overblown" for the space, and "even more overblown" for First Solar, which Weinstein notes doesn't have any Chinese factories and actually stands to benefit from tariffs on competing products. He maintains a $53 price target on First Solar shares. Other publicly traded companies in the solar space include Canadian Solar (CSIQ), JA Solar (JASO), SunPower (SPWR), Trina Solar (TSL) and Yingli Green Energy (YGE).
06/15/18
ROTH
06/15/18
NO CHANGE
ROTH
Enphase, SolarEdge inverters won't be subject to 301 tariffs, says Roth Capital
After the U.S. Trade Representative released two lists of products that will be subject to 25% tariffs under the Section 301 investigation, Roth Capital analyst Philip Shen noted that the lists did not include solar inverters, cells, or modules. He does not believe imported inverters from Enphase Energy (ENPH), SolarEdge (SEDG) and others will be subject to 301 tariffs, though he notes that solar cells and modules will continue to be impacted by the Section 201 and AD/CVD tariffs. Other publicly traded companies in the solar space include Canadian Solar (CSIQ), First Solar (FSLR), JA Solar (JASO), SunPower (SPWR), Trina Solar (TSL) and Yingli Green Energy (YGE).
06/11/18
BARD
06/11/18
DOWNGRADE
Target $7
BARD
Neutral
SunPower downgraded to Neutral at Baird
As reported previously, Baird analyst Ben Kallo downgraded SunPower to Neutral from Outperform as he believes the stock is too difficult to own in the current market. The analyst said he still likes the management team and execution, but he believes it will be challenging for the company's premier product to command higher average selling prices if an oversupply environment were to materialize. Kallo lowered his price target to $7 from $10 on SunPower shares.
SUNEQ SunEdison
$0.00

(0.00%)

08/24/17
AXIO
08/24/17
NO CHANGE
AXIO
JA Solar likely to report Q3 loss, says Axiom
Axiom analyst Gordon L Johnson III says his recent checks indicate that China and global prices for modules and cell dropped slightly last week, while spot prices for polysilicon and multi wafers used to make solar modules and cells rose sharply from July 12 to August 9 and have since been stable. As a result, the analyst calculates that companies which bought the raw materials at spot prices have seen their margins on solar cells fall to a record low -12.9%, while module makers who bought the raw materials at spot prices have margins of -3.7%, the lowest level since Axiom began tracking them. Given these trends, Johnson predicts that JA Solar will report a Q3 pretax loss of $10M and warns that the company's results could deteriorate further in Q4. Other publicly traded companies in the space include Canadian Solar (CSIQ), First Solar (FSLR), SunEdison (SUNEQ), SunPower (SPWR), Trina Solar (TSL) and Yingli Green Energy (YGE).
CSIQ Canadian Solar
$13.33

-0.27 (-1.99%)

07/18/18
GSCO
07/18/18
DOWNGRADE
Target $15
GSCO
Neutral
Sunrun downgraded to Neutral at Goldman Sachs on valuation
As reported earlier, Goldman Sachs analyst Brian Lee downgraded Sunrun to Neutral from Buy as part of his broader research note on the solar sector and also kept his price target at $15 citing valuation on the stock. The analyst states that Sunrun has already run up 160% year to date and also cites the shift in China's solar policy in late May along with the ensuing price collapse across the supply chain toward quarter-end, which raises the risk of margin misses and weaker Q3 guidance. Lee adds that China-levered names like Jinko Solar (JKS) and Canadian Solar (CSIQ) thus face particularly challenging demand outlooks. The analyst has the most constructive view on the U.S. residential installer Vivint Solar (VSLR), which stands to "benefit from lower module costs and what we expect could close the valuation gap relative to peers.
JASO JA Solar
$0.00

(0.00%)

06/04/18
ROTH
06/04/18
DOWNGRADE
Target $5.8
ROTH
Sell
Roth Capital downgrades JA Solar to Sell on new China policy
Roth Capital analyst Philip Shen downgraded JA Solar Holdings to Sell from Neutral and cut his price target for the shares to $5.80 from $6.70. China's "much worse-than-expected" new solar policy released last Friday is likely bring a "massive net oversupply," Chen tells investors in a research note. He believes the outlook for module average selling prices has "suddenly deteriorated" for not only 2018, but also 2019. The analyst sees risk to JA Solar shares if its merger agreement is not successfully completed.
TSL Trina Solar
$0.00

(0.00%)

11/02/17
RILY
11/02/17
NO CHANGE
RILY
Tax reform bill a 'mixed bag' for renewable energy, says B. Riley FBR
B. Riley FBR analyst Benjamin Salisbury called the House tax reform proposal a "mixed bag" for renewable energy credits, noting that it would end the tax credit for commercial-scale solar projects after 2027, reduce the available wind tax credit and extend the orphaned tax credits, including fuel cells. The plan is still being negotiated and Salisbury sees a 30-40% probability that Congress can pass a tax cut mirroring the recent GOP blueprint and a 55-65% chance they could pass a scaled-down version. Publicly traded companies in the solar space include Canadian Solar (CSIQ), First Solar (FSLR), JA Solar (JASO), SunPower (SPWR), Trina Solar (TSL) and Yingli Green Energy (YGE). The Fly notes that Plug Power (PLUG) has issued a statement applauding the Committee for "addressing the market disparity that was created in 2015."
FSLR First Solar
$52.01

-0.48 (-0.91%)

07/27/18
ROTH
07/27/18
NO CHANGE
Target $90
ROTH
Buy
First Solar's miss doesn't weaken investment thesis, says Roth Capital
Roth Capital analyst Philip Shen reiterated a Buy rating and $90 price target on First Solar following the company's Q2 results, which missed expectations in contract with his preview for an optical beat on 8point3 sale timing. In a research note to investors, Shen says the miss does not weaken his investment thesis, as he continues to believe First Solar has and will maintain a meaningful lead ahead of its Chinese competition for the foreseeable future, resulting in attractive margins/earnings power ahead. Although the stock will likely trades down on the weak quarter, Shen see this as an attractive entry point.
07/27/18
NEED
07/27/18
NO CHANGE
Target $75
NEED
Buy
First Solar price target lowered to $75 from $85 at Needham
Needham analyst Y. Edwin Mok lowered his price target on First Solar to $75 after its weaker than expected Q2 revenue and lower outlook for FY18 shipments. The analyst also keeps his Buy rating longer term, stating that beyond the challenges, the management is executing on its growth plan "on both the operational side and on the demand creation front."
08/01/18
JPMS
08/01/18
NO CHANGE
Target $79
JPMS
Overweight
First Solar added to Analyst Focus List at JPMorgan
JPMorgan analyst Paul Coster added First Solar to his firm's Analyst Focus List as a near-term idea. The recent pullback in the shares, induced by the Chinese policy reset and "weak" Q2 results, presents investors with a buying opportunity, Coster tells investors in a research note. The analyst views Fist Solar as "best-in-class" in the solar space, with "industry-leading" gross margins, balance sheet, and visibility reaching through 2020. He calls the stock a top pick within his Alternative Energy coverage. Coster keeps an Overweight rating on the name with a $79 price target.
SCTY Bought by TSLA
$0.00

(0.00%)

YGE Yingli Green Energy
$0.00

(0.00%)

04/05/18
ROTH
04/05/18
NO CHANGE
ROTH
Solar 'doges bullet' as inverters/cells/modules sidestep 301 tariffs, says Roth Capital
Roth Capital analyst Philip Shen notes that inverters, solar cells, and solar modules were not on the 301 product list released on the USTR website providing which Chinese imports will be subject to 25% tariffs. A 301 tariff that increases module or inverter costs in the U.S. could have served as another dampener of U.S. solar demand, he contends, adding that the lack of impact represents an overall positive for the industry and positive for most in his coverage universe, including Canadian Solar (CSIQ), Enphase Energy (ENPH), First Solar (FSLR), Hanwah Q CELLS (HQCL), JinkoSolar (JKS), Sunrun (RUN), SolarEdge (SEDG), ReneSola (SOL), Sunworks (SUNW), and Yingli Green Energy (YGE).

TODAY'S FREE FLY STORIES

SPY

SPDR S&P 500 ETF Trust

$264.81

-0.72 (-0.27%)

, SPX

S&P 500

$0.00

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15:22
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Short interest in S&P 500 ETF 'jumps' to 5.3%, Bloomberg says »

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DTEA

DavidsTea

$1.95

0.06 (3.17%)

15:19
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Options
Davids Tea options imply 19.7% move in share price post-earnings, above median historical move »

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$NSD

NASDAQ Market Internals

$0.00

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$NYE

NYSE Market Internals

$0.00

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15:16
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SBUX

Starbucks

$66.80

0.7 (1.06%)

15:11
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Starbucks says starting new rewards program in China »

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  • 13

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FFIN

First Financial

$60.53

-0.8 (-1.30%)

15:08
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15:08
Hot Stocks
First Financial elects John Ruzicka Chief Information Officer »

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  • 29

    Jan

RDNT

RadNet

$12.61

0.05 (0.40%)

15:08
12/13/18
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15:08
Hot Stocks
RadNet and MemorialCare expand joint venture »

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15:05
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15:05
General news
Treasury Closing Summary: »

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SFLY

Shutterfly

$43.18

-1.65 (-3.68%)

15:04
12/13/18
12/13
15:04
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15:04
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Shutterfly analyst commentary  »

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HIIQ

Health Insurance Innovations

$35.90

5.835 (19.41%)

15:04
12/13/18
12/13
15:04
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15:04
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Health Insurance Innovations analyst commentary  »

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  • 13

    Dec

COST

Costco

$225.93

-1.89 (-0.83%)

15:04
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12/13
15:04
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15:04
Options
Costco options imply 5.4% move in share price post-earnings, above median historical move »

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  • 13

    Dec

HIIQ

Health Insurance Innovations

$35.90

5.835 (19.41%)

15:02
12/13/18
12/13
15:02
12/13/18
15:02
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Health Insurance Innovations analyst commentary  »

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  • 13

    Dec

MRVL

Marvell

$15.53

0.18 (1.17%)

15:00
12/13/18
12/13
15:00
12/13/18
15:00
Options
Size time spread in Marvell Tech following an analyst upgrade »

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  • 06

    Jan

  • 08

    Jan

G

Genpact

$28.14

-0.27 (-0.95%)

, EXLS

ExlService

$55.76

0.13 (0.23%)

14:57
12/13/18
12/13
14:57
12/13/18
14:57
Conference/Events
William Blair IT/BPO services analysts to hold analyst/industry conference call »

India IT/BPO Services…

G

Genpact

$28.14

-0.27 (-0.95%)

EXLS

ExlService

$55.76

0.13 (0.23%)

WNS

WNS Holdings

$46.99

-0.82 (-1.72%)

GLOB

Globant

$55.66

-1.37 (-2.40%)

PRFT

Perficient

$23.49

-0.28 (-1.18%)

VRTU

Virtusa

$41.05

1.2 (3.01%)

INFY

Infosys

$9.85

0.19 (1.97%)

WIT

Wipro

$5.30

0.19 (3.72%)

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SBUX

Starbucks

$66.61

0.51 (0.77%)

14:56
12/13/18
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14:56
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14:56
Hot Stocks
Breaking Hot Stocks news story on Starbucks »

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  • 13

    Dec

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    Dec

AAPL

Apple

$170.45

1.36 (0.80%)

, INTC

Intel

$48.11

0.28 (0.59%)

14:55
12/13/18
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14:55
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14:55
Recommendations
Apple, Intel analyst commentary  »

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AAPL

Apple

$170.45

1.36 (0.80%)

INTC

Intel

$48.11

0.28 (0.59%)

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  • 08

    Jan

SBUX

Starbucks

$66.48

0.38 (0.57%)

14:50
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14:50
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14:50
Options
Heavy trading in Starbucks Weekly options during the company's Investor Day »

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  • 13

    Dec

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    Dec

ADBE

Adobe

$247.50

2.06 (0.84%)

14:49
12/13/18
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14:49
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14:49
Options
Adobe options imply 7.3% move in share price post-earnings, above median historical move »

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  • 13

    Dec

CMG

Chipotle

$472.11

0.91 (0.19%)

, DANOY

Danone

$0.00

(0.00%)

14:44
12/13/18
12/13
14:44
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14:44
Hot Stocks
Chipotle announces hiring of Chief Legal Officer and Chief Development Officer »

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CMG

Chipotle

$472.11

0.91 (0.19%)

DANOY

Danone

$0.00

(0.00%)

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  • 14

    Dec

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    Dec

  • 06

    Feb

SBUX

Starbucks

$66.51

0.41 (0.62%)

14:41
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12/13
14:41
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14:41
Hot Stocks
Breaking Hot Stocks news story on Starbucks »

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  • 13

    Dec

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    Dec

GPX

GP Strategies

$13.13

0.06 (0.46%)

14:41
12/13/18
12/13
14:41
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14:41
Conference/Events
GP Strategies management to meet with Barrington »

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  • 14

    Dec

  • 18

    Dec

TSLA

Tesla

$371.33

4.57 (1.25%)

, GOOG

Alphabet

$1,057.32

-6.24 (-0.59%)

14:41
12/13/18
12/13
14:41
12/13/18
14:41
Periodicals
Tesla's Vaish resigns to start company at Google's Area120, CNBC says »

Parag Vaish, head of…

TSLA

Tesla

$371.33

4.57 (1.25%)

GOOG

Alphabet

$1,057.32

-6.24 (-0.59%)

GOOGL

Alphabet Class A

$1,068.33

-5.33 (-0.50%)

03/08/13
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  • 13

    Dec

  • 03

    Mar

GPX

GP Strategies

$13.13

0.06 (0.46%)

14:40
12/13/18
12/13
14:40
12/13/18
14:40
Conference/Events
GP Strategies management to meet with Barrington »

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  • 14

    Dec

  • 18

    Dec

HIIQ

Health Insurance Innovations

$36.84

6.775 (22.53%)

14:40
12/13/18
12/13
14:40
12/13/18
14:40
Recommendations
Health Insurance Innovations analyst commentary  »

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  • 13

    Dec

SPY

SPDR S&P 500 ETF Trust

$264.50

-1.03 (-0.39%)

, SPX

S&P 500

$0.00

(0.00%)

14:36
12/13/18
12/13
14:36
12/13/18
14:36
General news
NYPD says monitoring multiple bomb threats, not considered credible »

The official Twitter of…

SPY

SPDR S&P 500 ETF Trust

$264.50

-1.03 (-0.39%)

SPX

S&P 500

$0.00

(0.00%)

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