CNBC Pro highlights the top performing stocks this week and analyzes whether the good times will continue.» Read More
If the market is on the precipice of a year-end comeback, these names could stand above the rest.
*Saudis grappling with surging domestic energy demand. *Solar power would help to safeguard crude exports. KHOBAR, Saudi Arabia, Sept 8- Saudi Arabia's ambitious plans to become a world leader in installed solar power appear to have run into the sand amid disagreements over their scale, ownership and technology.
The MAC Global Solar Energy index has dropped 36 percent since its 2015 high in April, with industry bellwether SunEdison Inc having lost 55 percent of its value since July 20. SunRun Inc, one of the top residential solar installers, went public last week at $14 a share and closed Thursday at $10.12. Hood River Capital Management of Portland began shedding its...
*Disney cuts cable unit profit forecast, stock slides. *First Solar rallies after earnings, guidance. Aug 5- The S&P 500 and Nasdaq Composite rose on Wednesday following three days of losses as tech shares advanced, while the blue-chip Dow index was flat, weighed down by Disney's largest daily drop in seven years.
Aug 4- First Solar Inc on Tuesday reported sharply higher quarterly sales and earnings and said results for the year would top Wall Street estimates, sending its shares up 8.5 percent. For the full year, First Solar forecast sales of $3.5 billion to $3.6 billion and earnings of $3.30 to $3.60 per share. The estimate includes 16 cents per share related to its...
Aug 4- U.S. solar company First Solar Inc on Tuesday reported sharply higher quarterly sales and earnings due to increased revenue from a large project in Nevada and the sale of majority stakes in two others in California. Net income for the second quarter was $94.5 million, or 93 cents per share, compared with $4.5 million, or 4 cents per share, a year ago.
U.S. stocks closed lower as investors eyed further declines in Apple and slight recovery in oil, amid continued focus on the timing of a rate hike.
U.S. stock index futures pointed to a lower open on Tuesday following a sharp 5 percent drop in oil prices seen overnight, as investors gear up for employment data later due later in the week.
The rules would significantly cut climate-changing emissions from U.S. power plants and make the nation's utilities more environmentally friendly.
July 28- Solar panel maker SunPower Corp forecast full-year adjusted profit that exceeded the estimate it suspended in April, as the company expects strong demand for its rooftop installation business. However, SunPower said it was not looking at any acquisitions in the rooftop market despite rising competition. We are in a position where we are not in a need to...
SunPower also raised its 2015 earnings before interest, taxes, depreciation and amortization forecast to $425 million- $475 million from $400 million- $450 million. SunPower said on Monday that it would sell some of the 1.5 gigawatts of projects it acquired from Infigen Energy Ltd to 8 point3 Energy. SunPower's net profit more than halved to $6.5 million, or 4...
These companies ranging from energy, solar and oil have seen boosts from analysts forecasts even before reporting earnings, USA Today reports.
Jim Cramer gives his take at rapid speed for caller favorite stocks, including these that roar on low oil.
June 10- 8 point3 Energy Partners LP, formed by solar companies First Solar Inc and SunPower Corp, said it expects its initial public offering to be priced between $19 and $21 per share. The offering of 20 million Class A shares is expected to raise about $420 million and value 8 point3 at about $1.49 billion at the top end of the expected price range.
June 10- 8 point3 Energy Partners LP, formed by solar companies First Solar Inc and SunPower Corp, said it expects its initial public offering to be priced between $19 and $21 per share. The offering of 20 million Class A shares is expected to raise about $420 million and value 8 point3 Energy at about $1.49 billion at the top end of the expected price range.
Shining a light on this company's value proves a trying task for analysts.
Mahesh Sanganeria of RBC cut his rating and target on First Solar, sending shares reeling. The analyst explains what was behind his decision to downgrade the stock.
U.S. stocks closed about 1 percent lower as investors eyed renewed strength in the dollar and data that could strengthen the case for a rate hike.
May 26- The S&P 500 was on track for its biggest percentage drop since March on Tuesday as some upbeat economic data fueled expectations that a Federal Reserve rate hike could come sooner rather than later. Transportation stocks also dropped, with the Dow Jones transportation average falling 1.6 percent to 8346.82 and hitting its lowest level since Oct. 23.
May 26- U.S. stocks were recording their steepest fall in three weeks in midday trading on Tuesday, as a host of positive economic data increased the likelihood of a rate hike in the near term and sent the dollar soaring. "A strong dollar is going to hurt exports and the revenue line of companies, which wasn't strong to begin with," said Rick Fier, director of trading at...