Stock Alert: DCI, JASO, JKS, SUNE
by Harris Roen, Editor
Roen Financial Report
Friday, November 21, 2014
Today’s Alert:
Donaldson Company, Inc (DCI)
JA Solar Holdings Co, Ltd (JASO)
JinkoSolar Holding Co, Ltd (JKS)
SunEdison Inc (SUNE)
Three earnings reports and a corporate acquisition of wind and solar capacity creates investor interest in these four stocks.
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| A disappointing earnings report for this environmental company causes a sharp 7% stock price drop on the biggest volume in six months. Sales are down 11%, and projected revenues for FY 2014 are lowered. DCI is now trading down for the year. | Zacks |
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| JA Solar issues a positive earnings report, with strong revenue and profit growth. Shipments are up 77% compared to the same quarter last year. The stock gains 17% for the week, but is still trading down for the quarter. | The Street |
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| JinkoSolar releases a mixed earnings report. Revenues are up 30% for the quarter, but fall 10% short of analyst expectations. JKS drops 3% on large volume, and is down 32% for the year. We consider the stock to be Overvalued. | Reuters |
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| SunEdison and TerraForm Power, its YieldCo subsidiary, agree to buy First Wind for $2.4 billion. Expected to close in early 2015, the deal could mean 6.4 gigawatts of wind and solar project development. SUNE is up 73% for the year, and is within 8% of its high reached in July. | Press release |
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