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The Zacks Analyst Blog Highlights:Canadian Solar, SunPower, First Solar, El Paso Electric and Carnival



 The Zacks Analyst Blog Highlights:Canadian Solar, SunPower, First Solar, El
                          Paso Electric and Carnival

PR Newswire

CHICAGO, June 28, 2013

CHICAGO, June 28, 2013 /PRNewswire/ -- Zacks.com announces the list of stocks
featured in the Analyst Blog. Every day the Zacks Equity Research analysts
discuss the latest news and events impacting stocks and the financial markets.
Stocks recently featured in the blog include Canadian Solar Inc.
(Nasdaq:CSIQ-Free Report), SunPower Corp. (Nasdaq:SPWR-Free Report), First
Solar Inc. (Nasdaq:FSLR-Free Report), El Paso Electric Co. (NYSE:EE-Free
Report) and Carnival Corp. (NYSE:CCL-Free Report).

(Logo: http://photos.prnewswire.com/prnh/20101027/ZIRLOGO)

Today, Zacks is promoting its ''Buy'' stock recommendations. Get #1Stock of
the Day pick for free.

Here are highlights from Thursday's Analyst Blog:

CSIQ Partners Samsung, Shares Rise

Canadian Solar Inc. (Nasdaq:CSIQ-Free Report) has entered into a partnership
agreement with Samsung Renewable Energy Inc. to build a new manufacturing
facility in London, Ontario. The facility will produce solar PV modules and
Medium Voltage Power Stations.

The modules produced at the plant will be supplied to Samsung for its Grand
Renewable Energy Park in Haldimand County and the Sol-Luce Kingston Solar PV
project in Kingston and Loyalist Township.

The construction of Grand Renewable Energy Park is expected to begin in Aug
2013 and that of Sol-Luce Kingston Solar PV project in Kingston and Loyalist
Township will begin in 2014. Taken together, these projects will generate 300
megawatt (MW) of renewable energy.

Apart from being used for Samsung's solar projects, the facility will be used
by Canadian Solar for its research and product development work associated
with solar energy generation.

This contract comes under the Green Energy Investment Agreement ("GEIA")
between Samsung and the Government of Ontario that calls for creating 9,000
renewable energy jobs across the province. During its construction period, the
plant will create 200 local manufacturing jobs in 2013.

Recently, Canadian Solar received a contract to construct a 130 MW
utility-scale solar power plant for Samsung Renewable Energy. On an annual
basis, this plant will produce 165,000 megawatt hours of electricity per year
providing power to 13,750 homes. Over the 20-year period, it will wipe out
approximately 162,000 metric tons of carbon dioxide.

Canadian Solar caters to a geographically-diverse customer base spread across
its key markets in Germany, Spain and the U.S. Emerging market opportunities
are also rife in France, the Czech Republic, Italy, South Korea, Canada, Japan
and China. The company is focused on expanding its engineering, procurement
and construction and solar systems kits business to greater than 40% of
revenue in fiscal 2013.
Followed by Siemens in Tillsonburg, CS Wind in Windsor, and SMA in Toronto,
CSIQ has become Samsung's fourth renewable energy manufacturing partner.

Traditionally, solar companies were responsible for producing solar modules
and panels. However, the need of the hour calls for more solar projects.
Therefore, in order to generate more renewable energy, module manufacturers
like Canadian Solar are getting more and more involved in the construction of
large-scale solar projects.

In April this year, SunPower Corp. (Nasdaq:SPWR-Free Report) commenced the
construction of twin solar projects in Yolo County, Calif. The company expects
the projects to produce 5.8 MW of emission-free solar power for county
facilities. The venture calls for the construction of two systems, one at the
corner of West Beamer Street and Cottonwood Street in Woodland and the other
at Grassland Regional Park in Davis, Calif. The company expects to wrap up
construction by the third quarter.

Recently, The New Mexico Public Regulatory Commission approved a power
purchase agreement that clears the way for First Solar Inc. (Nasdaq:FSLR-Free
Report) to supply 50 MW of solar power for 25 years to El Paso Electric Co.
(NYSE:EE-Free Report).  With this approval First Solar can now initiate the
construction of New Mexico's largest solar power plant, Macho Springs, on 500
acres of State Trust Land in Luna County.

These developments have boosted the share prices of these companies.
Specifically, the deal with Samsung has led the share price of Canadian Solar
to jump 13.1% to $10.10 from its previous day price of $8.93.

Carnival Brings in New CEO

Carnival Corp. (NYSE:CCL-Free Report) recently announced a massive management
shuffle, possibly to fix some persistent operational issues. Per the program,
the cruise operator plans to divide the roles of its chairman and chief
executive officer (CEO).

While former CEO Micky Arison will only continue as chairman of the board,
Arnold W. Donald who has been on Carnival's board for the past 12 years will
take up the mantle of CEO, effective Jul 3.

The decision puts an end to Arison's 34-year long career as CEO with
Carnival.  During his leadership, Carnival was transformed from a
privately-held entity to a public company and crowned as the world's largest
cruise operator. However, in his role as chairman, Arison will continue to
supervise the operations of the company.

He had also conducted a big-ticket merger with P&O Princess Cruises plc. In a
nutshell, under his supervision, Carnival grew from generating $44 million in
revenues to a $15 billion company.

However, of late, Carnival's ships have been facing one accident after
another, which sharply lowered its bookings. The negative publicity generated
as a result of the mishaps and soft economic conditions have adversely
affected bookings.

Even the adoption of a sharp price discounting strategy could not meaningfully
trigger bookings; rather it pulled down net revenue yield. Following such
issues, Carnival had to lower its fiscal 2013 guidance more than once. In such
a scenario, we believe, Carnival had no other option but to make a drastic
move, such as the appointment of a new CEO, to turn around the company's
fortunes.

Today, Zacks is promoting its ''Buy'' stock recommendations. Get #1Stock of
the Day pick for free.

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