Key Analyst Upgrades This Week Thursday, August 26, 2:54 PM ET, by Market News Video Staff On Monday, UBS (UBS) upgraded shares of First Solar (FSLR) from neutral to buy as ...
Solar is Heating Up Wednesday, September 8, 1:04 PM ET, by Market News Video Staff The Market Vectors Solar Energy ETF (KWT) has been heating up in the last three ...
Trina Solar Helps Lift the Guggenheim Solar ETF Wednesday, September 29, 12:50 PM ET, by Market News Video Staff Shares of Trina Solar (TSL) are up nearly 7% this morning after Soleil Securities initiated ...
First Solar a Key Component in Guggenheim Solar ETF Monday, October 4, 10:59 AM ET, by Market News Video Staff Over 13% of the Guggenheim Solar ETF (TAN), formerly the Claymore MAC Global Solar Energy ...
Guggenheim Solar ETF Makes Moves Monday, October 11, 11:03 AM ET, by Market News Video Staff The Guggenheim Solar ETF (TAN), formerly the Claymore/MAC Global Solar Index, is making moves today. ...
SunPower Updates Guidance, Sells Italian Power Plant
By Market News Video Staff, Thursday, November 18, 12:22 PM ET
SunPower (SPWRA) said today it expects to earn $1.75 to $2.05 in its 2011 fiscal year, on revenue of $2.65 to $2.85 b billion. Analyst expectations for earnings per share are similar to what SunPower forecasts, although the company’s revenue expectation is below Wall Street predictions. SunPower also announced today it has sold its Italian subsidiary Orsa Maggiore, and its 16 megawatt Solare Roma photovoltaic power plant to Allianz Renewable Energy Partners. The companies did not disclose terms of the sale.
SunPower shares are trading higher by 1.3% on Thursday.
According to the ETF Finder, SPWRA accounts for 4.23% of the Market Vecotrs Solar Energy ETF (AMEX:KWT), which is trading higher by 1.2% today. Top holdings in the fund include MEMC Electronic Materials (NYSE:WFR) at 11.83% of the portfolio, and First Solar (NASDAQ:FSLR) at 9.62%. Trina Solar (NYSE:TSL) is 8.88%, and JA Solar (NASDAQ:JASO) is 5.04%.
The ETF Channel Flexible Growth Investment Portfolio is designed to seek growth for investors — anywhere and everywhere. The key to the program is our portfolio strategy allows us complete flexibility in terms of asset allocation as there are no predetermined guidelines as to the level of stocks, bonds, cash, regions, countries, sectors, commodities, or even asset classes in the portfolio! In short, this is a completely flexible portfolio designed to follow the performance trail wherever it leads us.
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