Here’s a run down of today’s green stocks analyst calls…
(via Benzinga) Axiom Capital pointed out an article over at the Financial Times (in German) that discussed the potential of additional solar subsidy cuts in Germany due to increasing electricity rates associated with the boom in solar installations. Nothing set in stone yet, just proposals. Solar stocks have been slammed in recent weeks and were down another 2% today (solar ETF TAN).
JP Morgan … Read the rest
Here is a briefing of today’s green stocks ratings via Benzinga
Oppenheimer maintained a Perform rating on EnerNOC (ENOC) after the earnings report came in higher than the firms estimates. However, the firm lowered its 2011 estimate from $.91 to $.79. Shares plummeted after the company issued weak guidance, but held key support around the $25 level today.
::: Click Here For Your FREE Daily EnerNOC Technical Analysis :::
Wells Fargo maintained its Market Perform… Read the rest
A123 Systems (AONE) reported results after the bell today that indicated the red ink continues to flow as the company missed analyst estimates and reported the 3rd straight quarter of accelerating losses while revenues remain relatively stagnant. The company reported a non GAAP loss of .42/share vs the analyst estimate of a .30/share loss on revenues of $26 million which basically matched the analyst estimate. To make matters worse, they also indicated that their production … Read the rest
According to Benzinga, Deutsche Bank sees A123 Systems gaining significant market share of the lithium battery market based on achievement so far and comments from OEM’s and competitors that say AONE is a top 3 lithium battery supplier. They see general consumer demand for EV’s and improving margins as potential catalysts for the stock over the next year. The firm has a Buy rating and $17 price target which is about double the current … Read the rest
It’s been a little over a year since A123 Systems received a $249 million grant from the DOE, and today the company announced the grand opening of its Livonia, Michigan lithium-ion battery plant. The plant is the largest lithium-ion battery manufacturing facility in North America, and is expected to boost the company’s manufacturing capacity by up to 600MW hours annually. The opening of the new plant puts A123 on target to achieve its annual cell … Read the rest
A123 Systems (AONE) is disappointing investors again after the bell today. The company reported another sizable loss and missed analyst expectations on both EPS and revenue. The company reported an EPS loss of .33 vs the analyst estimate of .27 on revenues of $22.6 million vs the estimate of $25.5 million. While revenues did increase 15% over the year ago quarter, this is a company that is still a LONG way from profitability as costs … Read the rest
Barclays is upgrading two green stocks this morning – both A123 Systems (AONE) and MEMC Electronic Materials (WFR) get upgrades to Overweight from Equal Weight and price targets raised from $12 to $14 and $14 to $16 respectively.
Shares of AONE are trading up about 3% in pre-market trading after successfully clearing important resistance of the 50 day moving average on Friday. Shares of WFR are also trading up about 3% and continue to look … Read the rest
Several analyst rating notes to make you aware of today. Hat tip to Street Insider for the analyst notes.
Needham & Company has initiated coverage on AONE, HEV and VLNC.
Initiated coverage on A123 Systems (AONE) with a Hold rating and $10 price target. “Although we believe that A123 Systems has the potential to be a successful company in the long term, there are several near-term risks that could negatively affect AONE shares. The intellectual … Read the rest
Goldman Sachs slashed its price target on A123 Systems (AONE) this morning from $15 to $9, but kept the Neutral rating following a meeting with management. The firm raised 2010-2012 revenue estimates, but forecasts larger EBITA losses. The firm raised 2010 revenue estimates form $139M to $141M, 2011 from $262M to $276M and 201 from $416M to $431M. EBITA loss estimates rise from ($76M) to ($98M) for 2010, ($44M) to ($67M) for 2011 and $13M … Read the rest
Just a few analyst rating changes/price target adjustments today.
Morgan Stanley has cut the price target on First Solar (FSLR) from $160 to $145 this morning, but maintains its Overweight rating. This follows price cuts from Citi and Hapoalim yesterday. Shares are holding up well today, up about 2% and continue to hold the key $100 level. Click Here For Your FREE First Solar Analysis
Macquarie initiated coverage on Westport Innovations (WPRT) with a Buy … Read the rest