Canadian Solar (CSIQ) stock plunged 18% Wednesday after the solar panel maker revealed late Tuesday that market “volatility” might force the company to abandon its yieldco spinoff plans. The company also guided down for Q3, citing resources that may need to be held back should the yieldco ultimately launch. The yieldco is on track for late 2015 or early 2016, CEO Shawn Qu said during the Q2 earnings conference call. If its yieldco advances,
Launched with great fanfare in June, Apple Music seems to be hitting some sour notes. A study by market research firm MusicWatch showed that Apple (AAPL) might be having trouble retaining customers for its streaming music service. MusicWatch said 77% of Apple’s iOS users in the U.S. are aware of Apple Music and 11% reported they are using Apple Music. But among people who have tried Apple Music, 48% said they are not currently using the service,
Sina (SINA) stock seesawed Wednesday, after the Shanghai-based Web portal late Tuesday reported its fifth straight quarter of declining earnings per share that still beat Wall Street estimates, as the company wrestles with competition and China’s economic woes. Sina stock fell as much as 3.5% Wednesday but was up nearly 2% in late-afternoon trading in the stock market today, above 39. Sina stock is off 37% since hitting a 16-month high of 61.25 in