India wants to become a solar powerhouse, generating enough energy for more than 16 million homes by 2022.
The government has approved dozens of new solar plants, rooftop projects and lighting systems, and is offering financial incentives to companies that build them. And Prime Minister Narendra Modi will host the first gathering of the International Solar Alliance in New Delhi on Sunday, with French President Emmanuel Macron in attendance.
But the international summit comes as India’s plan to slap a 70% tariff on imported solar panels divides the country’s industry. Panel installers say the tariffs could kill any hope of hitting the 2022 target, while panel makers say they’re vital to prevent China from gaining too much influence.
‘It will jeopardize the entire plan’
China, Taiwan and Malaysia supply between 80% and 90% of India’s solar panels, according to industry estimates.
Import duties could make solar electricity up to 45% more expensive, said Sunil Kulkarni, head of the renewable energy business at Shapoorji Pallonji, an infrastructure company.
Top 5 Financial Stocks To Watch For 2018: Barclays PLC(BCS)
- [By Jon C. Ogg]
Barclays PLC (NYSE: BCS) was raised to Overweight from Equal Weight at Morgan Stanley. Its American depositary sharesclosed up 2.6% at $11.36 on Thursday and were indicated up 1.2% at $11.50 on Friday. The52-week range is $6.76 to $12.05.
- [By WWW.THESTREET.COM]
Banco Santander (SAN) : “I prefer Barclays (BCS) , but let’s wait and see what the other banks have to say”
ProLogis (PLD) : “I am not a fan of that group right now, but that one is best of breed.”
- [By Garrett Baldwin]
Investors are becoming increasingly bullish about BTC, as financial institutions like Barclays Plc. (NYSE: BCS) become more interested in entering the cryptocurrency market.
Top 5 Financial Stocks To Watch For 2018: First Community Corporation(FCCO)
- [By Shane Hupp]
First Community (NASDAQ:FCCO) issued its quarterly earnings data on Wednesday. The bank reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.31 by $0.04, Fidelity Earnings reports. The business had revenue of $11.17 million during the quarter, compared to the consensus estimate of $10.83 million. First Community had a net margin of 13.91% and a return on equity of 8.23%.
Top 5 Financial Stocks To Watch For 2018: Ishares Trust Dj Us Financial (IYF)
- [By Wayne Duggan]
Investors looking to set up a pair trade to capitalize on the divergent paths of U.S. and European banks should consider going long the iShares Dow Jones US Financial (ETF) (NYSE: IYF) and short the Ishares MSCI Europe Fincls Sctr Indx Fd (NASDAQ: EUFN).
Top 5 Financial Stocks To Watch For 2018: Wells Fargo & Company(WFC)
- [By J.B. Maverick]
Stocks in the financial sector should benefit from the Federal Reserve’s interest rate increase, and Wells Fargo & Company (NYSE: WFC) is perhaps the best positioned of the U.S. major money center banks to continue showing good overall returns to investors. As of January 2016, it stands at the head of the pack in terms of ROE at 13%, compared to both its major competitors and to the industry average of 7.8%. Its net margin of 25.2% also substantially outperforms the industry average of 17.5%. Projected EPS growth for 2016 is 8.89%. Wells Fargo also offers the highest dividend yield of the major money center banks, at 3.02%, which is more than twice Bank of America’s 1.48% and six times greater than Citigroup’s lowly 0.5%.
- [By Jim Cramer]
After a year of stock price fluctuations, the net result is that WFC’s price has not changed very much. Although its weak earnings growth may have played a role in this flat result, don’t lose sight of the fact that the performance of the overall market, as measured by the S&P 500 Index, was essentially similar. Turning our attention to the future direction of the stock, it goes without saying that even the best stocks can fall in an overall down market. However, in any other environment, this stock still has good upside potential despite the fact that it has already risen in the past year.
- [By ]
Men led Wells Fargo & Co. (WFC) into the biggest corporate debacle of the U.S. bank’s 166-year history. Now, women are taking over.
Over the past two years, the San Francisco-based bank has been pressured by regulators and shareholders to overhaul its board of directors following a series of scandals that have collectively cost the bank at least $1.6 billion, sending its stock price plunging.
Top 5 Financial Stocks To Watch For 2018: Swedish Export Credit Corp (GRU)
- [By Casey Wilson]
Investing in commodity-based ETFs (exchange-traded funds) or ETNs (exchange-traded notes) is a great way to gain exposure to a specific commodity, like corn (NYSE Arca: CORN), livestock (NYSE Arca: COW), or grains (NYSE Arca: GRU).