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Canadian energy company Etrion Corporation (TSX: ETX) and U.S.-based solar manufacturer SunPower Corp. (NASDAQ:SPWRA) (NASDAQ:SPWRB) today announced an agreement to build four solar power plants in the Puglia region of southern Italy. SunPower has more than 500 megawatts of solar power plants installed or under contract around the world, including Italian power plants in Milan [...]

BloggingStocks: Analyst upgrades: RBC Capital upgraded Fidelity National (FIS) to outperform from sector perform. The firm upgraded the stock due to valuation, and its belief that the company will clear up issues related to its merger on its Analyst Day, ... Read more

Today’s tickers: DOW, GLD, ISIS, DTV, SINA, XOM, SPWRA, AGO & SINA

DOW - The Dow Chemical Co. – Shares of the manufacturer of chemicals and plastic materials increased 2% during the trading session to $29.45. We observed a mix of bullish and bearish option plays on the stock today. One investor appears to have unraveled an in-the-money ratio call spread in the December contract in order to finance the purchase of 7,500 calls at the December 28 strike for 1.92 apiece. Further along, in the January 2010 contract, another bullish player rolled a long call position to a higher strike price. It looks like the investor originally paid between 2.35 to 3.30 in premium to buy 5,000 calls at the now deep-in-the-money January 24 strike back on September 14, 2009. Today the trader closed out the December 24 strike calls by selling 5,000 contracts for 5.30 each. The closing sale of the calls was spread against the purchase of 5,000 fresh call options at the higher January 28 strike for about 2.45 premium per contract. Finally, protective plays dominated the March 2010 contract. Two put spreads were established this afternoon. The first transaction involved the purchased of 5,000 puts at the March 27 strike for 2.08 each, marked against the sale of the same number of puts at the lower March 20 strike for 47 cents apiece. The net cost of the trade amounts to 1.61 per contract and yields protection beneath the breakeven price of $25.39. The other put spread involved the same number of put options but was transacted at the March 26/19 strikes at a net cost of 1.38 per contract. Downside protection on this play kicks in if shares decline through the breakeven point at $24.62 by expiration day in March.

GLD - SPDR Gold Trust ETF – More than 253,800 option contracts changed hands on the GLD with about 30 minutes remaining in the trading day. Investors traded calls on the exchange-traded fund more than 1.8 times to each put option in play. Shares of the GLD, which replicates the performance of the price of gold bullion, are up 0.25% in late-day trading to stand at $111.90. A large-volume ratio call spread on the fund suggests some investors expect the price of gold to rise sharply by expiration in January 2010. Bullish traders bought approximately 15,000 calls at the January 112 strike for an average premium of 3.88…

November 17, 2009 ndash; Analyst Comments ndash; Cowenrsquo;snbsp; Rob Stone commented this morning on SunPowerrsquo;s (Nasdaq:SPWRA) announcement that it is investigating accounting entries at its Philippine manufacturing operations which could havenbsp; understated COGs for the first nine months of 2009 by about $15 million. Key Takeaways middot;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp; There can be no assurance that broader issues do not exist, and an updatenbsp; is expected within 30 days. In the meantime, the sharesnbsp; are likely to trade near the low end of the recent range middot;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp; The misstatements on COGs could equate to an adjustment of about 7-17% relative to YTD non-GAAP operating income of $90.5M, and the impact on EPS equates to 6-16c (5-13%) vs. 2009E cash EPS of $1.21 and 11c (5%) vs. 2008 cash EPS of $2.28 middot;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp; Maintains OUTPERFORM rating

Companies featured in this segment: OpenHydro Group, Alderney Renewable Energy Limited, ConAgra Foods Incorporated (NYSE:CAG), FPL Energy LLC, FPL Group Incorporated (NYSE:FPL), Lauren Engineers & Constructors Incorporated, SunPower Corporation (NASDAQ:SPWRA), RWE AG (OTC:RWEOY), Exelon Generation Company LLC (NYSE:EXC), Entergy Corporation (NYSE:ETR), Dominion Resources Incorporated (NYSE:D), Pakistan’s Karachi Electric Supply Corporation Limited (KAR:KESC), General Electric (NYSE:GE), and ExxonMobil Corporation (NYSE:XOM).

Schaeffer's analyst Colleen S. King takes a look at the major news of the day on Wall Street.

Schaeffer's analyst Elizabeth Harrow takes a look back at the major news of the day on Wall Street.

Schaeffer's analyst Colleen S. King takes a look at the major news of the day on Wall Street.