Solar News: SolarCity Corp (SCTY)’s Acquisition, First Solar, Inc. (FSLR)’s Price Objective & SunPower Corporation (SPWR)

Page 1 of 2

Editor’s Note: Related tickers: SolarCity Corp (NASDAQ:SCTY), First Solar, Inc. (NASDAQ:FSLR), SunPower Corporation (NASDAQ:SPWR), Real Goods Solar, Inc. (NASDAQ:RSOL), General Electric Company (NYSE:GE), Credit Suisse Group AG (NYSE:CS)

SolarCity Corp (NASDAQ:SCTY)Solar Installers’ Stocks Hit Again (247WallSt)
After markets closed Tuesday night, solar installer Real Goods Solar, Inc. (NASDAQ:RSOL) reported that revenues fell 3% and that it took an earnings per share loss of $0.11. Just a week ago SolarCity Corp (NASDAQ:SCTY) also reported a larger-than-expected loss. …SolarCity Corp (NASDAQ:SCTY) forecast a sharp decline in revenue for its current quarter and a larger earnings per share loss than analysts were expecting. Real Goods Solar, Inc. (NASDAQ:RSOL) also said that it planned to look for additional acquisitions, having already acquired two smaller companies. SolarCity Corp (NASDAQ:SCTY) announced yesterday that it had acquired Paramount Solar, a direct marketer of solar energy products. But if Real Goods Solar, Inc. (NASDAQ:RSOL)’ experience with acquisitions is any guide, investors don’t see acquisitiveness as a solution.

First Solar Director Buys $40,680 in Stock (FSLR) (MideastTime)
First Solar, Inc. (NASDAQ:FSLR) Director Richard Chapman purchased 1,000 shares of the stock in a transaction that occured on Friday, August 9th. The stock was purchased at an average price of $40.68 per share, for a total transaction of $40,680.00. Following the completion of the transaction, the director now directly owns 6,509 shares of the company’s stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Several analysts have recently commented on the stock. Analysts at Argus cut their price target on shares of  First Solar, Inc. (NASDAQ:FSLR) from $55.00 to $51.00 in a research note to investors on Friday, August 9th.

SolarCity to pay $120 mln for direct marketing company (Reuters)
SolarCity Corp (NASDAQ:SCTY) on Tuesday said it would buy direct marketing solar company Paramount Solar for about $120 million in a deal that is expected to help the U.S. panel installer cut the cost of acquiring new customers. Paramount Solar is majority owned by Guthy Renker LLC, the direct marketing company best known for its Proactiv skin care line. Guthy Renker’s Chief Executive, Ben Van de Bunt, is expected to join SolarCity Corp (NASDAQ:SCTY)’s board of directors later this year. Paramount has grown rapidly thanks to a business model that relies on virtual sales direct to consumers. SolarCity Corp (NASDAQ:SCTY)’s growth, in comparison, has come from selling systems through its rapidly expanding network of field sales agents. Paramount has sold SolarCity Corp (NASDAQ:SCTY) systems for some time.

The power of First Solar, Inc (NASDAQ:FSLR)’s value (GDPInsider)
Very recently,  First Solar, Inc. (NASDAQ:FSLR) and General Electric Company (NYSE:GE) announced a partnership. General Electric Company (NYSE:GE)’s technology will be used in tandem with First Solar, Inc. (NASDAQ:FSLR)’s solar technology to build large scale solar farms. As far as the solar company’s stakeholders are concerned, this information can have different connotations. Via this deal, First Solar, Inc. (NASDAQ:FSLR) has acquired General Electric Company (NYSE:GE)’s global cadmium-telluride solar intellectual-property portfolio. In lieu of this, First Solar, Inc. (NASDAQ:FSLR) granted General Electric Company (NYSE:GE) 1.75M common stock shares which the latter will retain for a minimum of 3 years. In addition, this partnership includes commercial cooperation of First Solar, Inc. (NASDAQ:FSLR)’s module and General Electric Company (NYSE:GE)’s inverter.

Nasdaq in extreme overbought territory: Bespoke (CNBC)

Page 1 of 2

Biotech Insider Alert - $6 Stock To Hit $40

$200 Million Dollar Healthcare Hedge Fund's #1 Best Idea Right Now

The best healthcare hedge fund out there right now is one of the largest shareholders in this biotech stock. The fund returned more than 20% in each of the last 2 years with a virtually fully hedged portfolio, and it's sending out a BUY signal on this biotech stock. Get your FREE REPORT today (retail value of $300)

This is a FREE report from Insider Monkey. Credit Card is NOT required.
Comments
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months. Our beta is only 1.2 (don't click this link if beating the market isn't important to you).

Lists

The Greatest Directors in the World

Largest Animals in the World

World’s Most Expensive Desserts

Best Selling Comic Books of All Time

A-list Actors who Sabotaged Their Career

Rappers With a College Degree

The Best Jazz Albums of all Time

The Most Influential Jazz Musicians

The World’s Most Famous Photographers

The Best Oscar-Winning Songs

Most Influential Choreographers Ever

Most Expensive Department Stores in the World

The Most Expensive Stolen Paintings in the World

The World’s Most Expensive Teas

Top Oscar Record Holders

The Most Expensive Flowers in the World

Countries With a Booming Film Industry

Most Expensive Cupcakes in the World

Uncommon European Escapes

The Most Stolen Artists in History

Best Travel Destinations in Australia

World’s Most Expensive Musical Instruments

World’s Most Famous Animals

Most Expensive Cakes in the World

Most Expensive Kosher Champagne in the World

Most Expensive Kosher Wine in the World

The Most Surprisingly Dark Fairy Tales

Most Popular Travel Destinations in Asia

The 10 Most Expensive Dresses Ever Worn to the Oscars

World’s Most Visited Art Museums

Best Countries for Photographers to Work in

Best Paid Jobs in the Film Industry

The Most Renowned Recovered Paintings Ever

Child Stars That Turned out Just Fine

Books That Were Banned in the Past Century

World’s Richest Dancers

Best Remedies against Bad Breath

Foods That Improve Your Skin Texture

Best-Selling Children’s Books of all Time

Foods That Boost Your Libido

Best-Selling Books of all Time

The Most Expensive Academy Awards Jewelry in History

Most Expensive Japanese Restaurant In New York City

The Best B-Boy Movies

Most Awesome Hip Hop Documentaries

Foods That Stain Your Teeth

Richest Doctors in the World

The Best Movie Sountracks Ever

The Highest Grossing Musicals on Broadway

The Most Successful Reality TV Stars

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 129% in 2.5 years!! Wondering How?

Download a complete edition of our newsletter for free!