Tag Archives: mark bachman

Auriga Discusses California’s Proposed Renewable Auction Mechanism (RAM) – FSLR, YGE, TSL, WFR, STP, SPWRA

In recent days, California has proposed legislation that would help kick start smaller scale solar projects (1 – 20MW) using a feed-in-tariff system, but the rates would be set by an open bidding process which would help curb excessive rates for consumers while generating fair returns for the developer.  The Renewable Auction Mechanism (RAM) as it’s called is just a proposal at this point, but a final ruling could come within 30 days.  It’s likely … Read the rest

Caving To Competition? Auriga’s Mark Bachman Uncovers The Sunpower (SPWRA) Serengeti Low Efficiency Product Line

In a press release this morning, Sunpower (SPWRA) touted its new high efficiency E19 solar panels with an efficiency of 19.5%.  Behind the glitz, glamour and press releases of being a world leader in high efficiency solar cells, there is an ugly side.  That ugly side comes in the shape of competition .. from Chinese manufacturers willing to sell less efficient panels at a much lower price.  Isn’t global competition wonderful?  Not for many US … Read the rest

Auriga Initiates Coverage Of Several Solar Stocks – TSL, SOLF, YGE, STP, CSIQ, FSLR, SPWRA

Solar analyst Mark Bachman of Auriga USA (formerly of Pacific Crest) initiated coverage of several solar stocks after the bell today.  Hat tip to Street Insider for the following analyst comments:

Trina Solar (TSL) initiated at Buy with $34 price target (about 30% above current levels).  More TSL analysis here
“We initiate coverage of Trina Solar with a Buy rating as the most under appreciated Chinese solar company we follow. While the stock is up … Read the rest

Analysts Weigh In On First Solar (FSLR) Ahead Of 2010 Guidance Webcast

First Solar (FSLR) will issue 2010 guidance in a webcast on Wednesday and analysts are weighing in ahead of the event.

Hat tip to StreetInsider for following the analyst comment from Pacific Crest:

Mark Bachman at Pacific Crest really went out on a limb and said the meeting should have one of two results – “up or down.” He said 2010 capex and 2011 EPS are the key metrics at the event. Long-term investors will … Read the rest

Sunpower (SPWRA) Gets Pacific Crest Upgrade: "Accounting Debacle Creates Opportunity, But Risk Remains"

Pacific Crest is out upgrading SunPower (SPWRA) this morning to Outperform and raised the price target to $29, saying the recent accounting debacle has created a unique buying opportunity.

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

“There is considerable risk inherent in our call because the results of the accounting investigation have not been announced. However, we believe the current stock price assumes a lower margin profile on future revenue, and thus the … Read the rest

Analysts Slash Estimates On Sunpower (SPWRA, SPWRB) Ahead of Earnings

Sunpower (SPWRA, SPWRB) will report earnings on Thursday after the bell and analysts are rushing in to slash estimates ahead of the earning announcement.  According to Barron’s, Friedman Billings Ramsay, Thomas Weisel Partners and Pacific Crest all issued warnings this morning.

– Mehdi Hosseini of FBR reiterated his Market Perform rating but cut his 09 EPS estimate to $2.06 from $3.02 due to slow demand in Italy and the US.

– Jeff Osborne of … Read the rest

More On First Solar (FSLR) Grid Parity At El Dorado Energy Solar

In mid December, Alison first posted about the grid parity achieved by First Solar (FSLR) at the El Dorado Energy Solar facility.  Since that time, FSLR has rocketed another 20% off the November lows and looks poised to test the next level of resistance around 180 within the next couple weeks.  The LA Times is out this morning with more on the analysis from Mark Bachman of Pacific Crest Securities, who in mid December said … Read the rest