A look at how Intel is developing green technologies for its customers and within its own organization. Innovations include ultra-lower power 45nm chips, greening its fab operations in China, Arizona and Israel; and developing non-toxic materials for packaging and designing its chips.… Read the rest
All posts by Tate Dwinnell
Sunpower (SPWR) Gets a Buy Upgrade from JANCO
According to StreetInsider.com, JANCO has upgraded Sunpower (SPWR) to a Buy this morning from acccumulate with a price target of $110. JANCO analyst Singh said, “As the price of SunPower stock continues to discount the regulatory headwind at the cost of the Company’s excellent operational performance, any resolution of the outstanding regulatory issues will likely result in substantial upside to the stock price. Furthermore, the increased guidance from management reflects the Company’s ability to … Read the rest
Morgan Stanley reiterates $120 price target for SunPower
Morgan Stanley came out with a note on Friday defending their overweight rating and 12-month price target of $120 for SunPower (SPWR) after the company handedly beat estimates and raised guidance. Morgan Stanley admits there are near-term headwinds that will keep the stock range bound as investors contemplate Cypress Semiconductor’s proposed spin-off, tariff uncertainty in Spain and ITC delays.
The stock saw some buy interest and closed Friday up $1.38 to $76.70 albeit on tepid … Read the rest
Biofuel Energy (BIOF) Begins Ethanol Shipments
Yesterday, Biofuel Energy (BIOF) announced that it had begun shipping ethanol (2 million gallons) and distillers grain from its plains in Nebraska and Minnesota. While the plant is not yet running at full capacity it expects to begin doing so shortly.… Read the rest
Trina Solar (TSL) Prices $120 Million of Convertible Notes
Trina Solar (TSL) has priced an offering of $120 million of senior convertible notes due 2013 and up to 4073194 ADS shares and has granted the underwriters of the notes the right to purchase an additional $18 million. Trina Solar intends to use the proceeds for the expansion of manufacturing lines for the production of silicon ingots, wafers, solar cells and solar modules, the purchase of raw materials, research and development and other purposes.
The … Read the rest
UBS Upgrades Ethanol Plays Aventine Renewable Energies (AVR) & Verasun (VSE)
UBS upgraded two ethanol plays this morning – Aventine Renewable Energies (AVR) & VeraSun Energy (VSE) to buy ratings saying the recent drop in corn prices along with healthy ethanol prices have created a positive margin scenario and that legislative support for corn based ethanol will be a positive for ethanol names in the short term
AVR is currently up about 10% and has cleared the 50 day moving average in recent days but remains … Read the rest
SunPower (SPWR) Shares Slip On Spanish Fears
Market for solar stocks is fearing likely cuts in subsidies in the hot Spanish market, as well as delays in renewing the U.S. tax credits, has weighed down stocks across the sector. Worries about European subsidies and a disappointing forecast for the current quarter knocked SunPower shares lower.
Chief Executive Officer Tom Werner told a conference call that, if the Spanish government pushes through planned cuts, SunPower’s reach across the utility and residential markets … Read the rest
Evergreen Solar (ESLR) Loss Widens, Warns Of Margin Hit
Evergreen Solar Inc (ESLR.O: Quote, Profile, Research, Stock Buzz) on Thursday reported a wider quarterly loss. It blames that on the cost of opening new production facility. Its forecasting third quarter results will be lower than analysts estimates. Shares are down 9.4 percent. It is also warning that margins will be hot for the rest of the year as it is trying to increase the capacity.
In a statement, Evergreen said … Read the rest
Jefferies Initiates Solarfun (SOLF) With A Buy
According to Street Insider, Jefferies has initiated Solarfun (SOLF) with a Buy rating and a price target of 18.
An article at Seeking Alpha makes the case for Solarfun being a “solar giant”.… Read the rest
Sunpower (SPWR) Beats, Guides Higher; Cypress (CY) Announces Spin Off
Sunpower (SPWR) reported Q2 EPS of .61, 10 cents better than estimates on revenues of 382.8 which also beat estimates of 343 million. The company also raised its full year 2008 revenue and EPS guidance.
In other news Cypress Semi (CY) announced that its Board has authorized management of proceed with a spin off of Sunpower shares to Cypress’s shareholders held by Cypress. … Read the rest