Tag Archives: deutsche bank

Deutsche Bank Maintains Hold On First Solar (FSLR), "Stock Fairly Valued At This Level"

Deutsche Bank is out this morning maintaining its Hold rating on First Solar (FSLR) but has slashed the price target from $170 to $125.  The firm believes the company is fairly valued at these levels.

Hat tip to StreetInsider.com for the following analyst comments:

“Recent pricing inputs from companies like Yingi (more substantial ASP declines) and less-than-hoped-for improvement in the demand picture for larger systems (due largely to financing availability) cause us to reassess our … Read the rest

Hoku Scientific (HOKU) Retains Deutsche Bank For Possible Sale Of Company

One month ago we first reported on Hoku’s financing concerns for the Idaho plant which sent the stock plunging 30%.  Hoku Scientific (HOKU) is taking another nose dive today (down 15%) after it reported that its financial troubles have forced the company to slow construction on its Idaho polysilicon plant while it looks for investors and/or a possible sale of the company.  By all indications, it appears this is a company that will soon … Read the rest

Deutsche Bank Sees First Solar (FSLR) As Leader, But LowersPrice Target After Analyst Day

Correction: Deutsche Bank raised the target from $167 to $170

First Solar (FSLR) held its analyst day yesterday in Vegas, reiterating near term challenges but optimistic about the future.  Deutsche Bank is weighing in with its own comments saying the company is entering a transitional period as it looks to open new markets.  It believes the company is uniquely positioned as one of a few solar companies that can grow the solar PV market beyond … Read the rest

Deutsche Bank On Quanta (PWR): Uniquely Positioned To Benefit From Solar, Wind, Transmission Line Build Out

According to Street Insider this morning, Deutsche Bank has initiated coverage on Quanta Services (PWR) with a Buy rating and price target of 28. 
 
Deutsche analyst says, “Quanta, a leading specialty contractor servicing the electrical power market, is well positioned to benefit from the anticipated spike in transmission-related investment. To accommodate the rising mix of renewable energy, utilities and grid operators are increasingly turning to Quanta to help build transmission networks. With an attractive … Read the rest

Analyst Responses to Energy Conversion (ENER) Warning

Here are some analyst reactions to Energy Conversion Devices (ENER) today following last nights earnings warning.  Hat tip to StreetInsider.com for the following analyst notes..

* Merriman Curhan Ford downgrades from Buy to Neutral

“While we continue to believe ECD has compelling and differentiated technology that can resist the pricing pressure caused by the glut of global module supply, the company is certainly not immune the to dismal credit markets. Data from California’s Solar … Read the rest

Deutsche Bank Downgrades Solars: CSIQ, ENER, FSLR & SPWRA

According to StreetInsider.com, Deutsche Bank is downgrading a few solars this morning from BUY to HOLD

– Canadian Solar (CSIQ) cut price target from $36 to $12

– Energy Conversion Devices (ENER) cut price target from $75 to $41

– First Solar (FSLR) cut price target from $200 to $160

– SunPower (SPWRA) cut price target $62 to $45

The first said, “As we assess 2009 we reiterate our view of (1) deteriorating fundamentals … Read the rest

Canadian Solar (CSIQ) Upgraded to Buy

According to StreetInsider.com, Deutsche Bank upgraded Canadian Solar (CSIQ) from HOLD to BUY with a $45 price target due to valuation after the recent sell off. 

“We are upgrading CSIQ to Buy (from Hold) following a substantial retracement in the stock, an improved operational outlook (i.e. GM reset to mid-teens, traction in UMG-Si based e-modules, no data to de-rail the UMG-Si argument over the near-term, capital raise and capacity expansion through 2010), and a … Read the rest