Late Friday, a report from Bloomberg, citing people familiar with the matter, said that merger talks between the two sides have stalled over concerns regarding price and the potential sale of assets Not looking good!
Merger talks between Halliburton Co. (HAL) and Baker Hughes Inc. (BHI) stalled today following reports of the deal yesterday, with the companies still haggling over price and divestiture concerns, people with knowledge of the matter said.
Halliburton could make an unsolicited tender offer for Baker Hughes instead, and nominate a slate of directors to the target’s board, three of the people said, asking not to be identified discussing private information.
Since then, the two sides have become stuck on disagreements about the deal’s price and the billions of dollars in assets that would have to be sold for the deal to pass antitrust scrutiny, one of the people said. The two sides anticipate they may have to sell $7.5 billion to $10 billion in assets to address regulator concerns, said this person.
They may still be able to resume discussions and reach a deal, one of the people said. They May?
Roth Capital affirms Canadian Solar (Nasdaq: CSIQ) at Buy with a price target of $40 following Q3 results and guidance.
Analyst Philip Shen offered some overall thoughts on the company following results: “Despite a strong Q3 performance, weaker-than-expected margin guidance spooked investors. The market psychology for solar stocks has been challenging of late with any type of weakness serving as the lightning rod of attention. Given its capacity expansion plans, best-in-class brand, strong B/S, and rich downstream set of projects, we continue to believe that CSIQ is one of the best companies among its peers.”
Key takeaways from the report:
1. ASPs. Q4 ASPs could be as low as 63-64c/W due to mix and currency movements;
2. Q4 GMs may experience a few headwinds. Duty deposits could result in a 2% reduction in GMs; ASPs could decline due to geographic mix; Currency weakness may result in a 1-2% negative impact; Project sales may not be as margin rich as Q3; and
3. Quality balance sheet continues to improve due to strong contribution from core module business as well as high margin project sales. Cash in the Q4 increased from $341mn in Q2 to $408mn which helped to improve the net debt/cap ratio which declined from 47.7% in Q2 36.1% in Q3. We believe, over the next year, CSIQ's balance sheet could continue to strengthen as we estimate ~$240mn of cash could be raised from the sale of the 387MW Canadian project backlog
HOUSTON, Nov. 13, 2014 /PRNewswire/ -- Baker Hughes Incorporated (BHI) today confirmed that it has engaged in preliminary discussions with Halliburton Company regarding a potential business combination transaction. These discussions may or may not lead to any transaction. Baker Hughes does not intend to comment further on market speculation or disclose any developments unless and until it otherwise deems further disclosure is appropriate or required.
So how's the saving the earth investments working out for you? LOL... What ever happen to Al Gore prediction of the ice melting away, & the whole world coming to a end? What a fool!
SunPower Corp. (NASDAQ: SPWR) today announced financial guidance for fiscal year 2015 and updated GAAP financial guidance for the fourth quarter of fiscal 2014.
For fiscal year 2015, SunPower expects non-GAAP revenue of $2.4 billion to $2.6 billion (consensus $2.8 billion), gross margin of 21 percent to 23 percent, net income per diluted share of $1.10 to $1.50 (consensus $1.69), capital expenditures of $300 million to $350 million and gigawatts (GW) recognized in the range of 1.3 GW to 1.4 GW.
The company's 2015 guidance excludes any financial impact that may occur if SunPower decides to pursue the formation of a separately-traded Yieldco vehicle, which is currently under review. The company will update its 2015 guidance if it decides to pursue this strategy. SunPower also remains committed to expand investments in self-developed projects, its technology roadmap and the scope of manufacturing cost reduction
This is why Csiq is dropping in pre-market
Northland Capital Markets analyst Colin Rusch raised estimates and his price target on Outperform-rated Canadian Solar (NASDAQ: CSIQ) to $48.00 (from $47.00) following Q3 results.
The analyst said fears of peak earnings are unfounded.
Q4 EPS goes from $1.38 to $1.39, FY 2014 EPS goes from $3.71 to $4.20 and FY 2015 EPS goes from $4.66 to $4.83.
I can't help that you would rather believe in lies & distraction. Keep drinking the cool aide from Al Gore & the rest of you left wing nuts.
Goldman Sachs maintained a Neutral rating on Canadian Solar (NASDAQ: CSIQ) with a price target of $30. Analyst Frank He noted Q3 topped expectations but he expressed caution on Q4 margin weakness.
"CSIQ 3Q14 core net profit of US$110mn (excluding FX loss) was well above GSe of US$60mn. The earnings beat is mainly due to higher than expected project bookings in total solution and EPC projects in Canada. Despite an upward revision to module shipment guidance from 2.5-2.7GW to 2.73-2.78GW for 2014, CSIQ guided for its gross margin in 4Q14 to be 17-19%, vs. 22.9% in 3Q14, mainly due to anti-dumping and countervailing duties imposed on US modules and currency depreciation in Japan and Europe," said He.
" . . . we believe near-term earnings pressure from the module segment may drag its overall earnings performance in 4Q14. Based on 18% gross margin assumption in 4Q14, we expect CSIQ to register net profit of US$60mn. Our sensitivity analysis shows a 1ppt change in gross margin would lead to 11% 2015E net profit revision. We revise up our EPS estimates by 7-21% for 2014E-16E on higher total solution bookings and lift our EV/GCI vs. CROCI/WACC-based 12m TP to HK$30 from HK$28," added the analyst.
No such thing as climate change. The only climate change taking place is between your liberals ears. What as mindless fool to believe in such crab.