Itron (ITRI) and Cisco (CSCO) have announced an alliance this morning to help advance the smart grid. The two will work on developing a next generation, open and interoperable, highly secure, enterprise class IPv6 based smart grid network for utilities. Itron will end up licensing and embed Cisco IP technology within its OpenWay smart grid meters as well as distribute Cisco networking equipment and software needed for full deployment of the smart grid. Truly a … Read the rest
All posts by Tate Dwinnell
Kaufman Initiates Coverage Of LED Space (CREE, VECO, AIXG)
Kaufman Bros. has initiated overage of the big 3 LED stocks this morning according to Barrons.
Cree Inc (CREE) was initiated at Hold with a $58 price target. They see CREE as the leader and one that deserves a premium valuation, but the stock is a bit overdone to the upside. CREE is trading up about 1%, but remains relatively weak technically and looks like it wants to test the $50 level at some … Read the rest
First Solar (FSLR) Breakout Coming (Video)
I believe a healthy breakout in First Solar (FSLR) is on the way, but it’s difficult to say at this point which way it’s going to break. That’s Ok. Wait for a definitive move up or down out of the wedge formation and trade accordingly.
In the video below I highlight the technical action of FSLR and I have to apologize for the lack of sound quality! It’s my first video using a new version … Read the rest
Energy Focus (EFOI) Gets $410K From Dept Of Defense For LED Development
Energy Focus (EFOI) just announced a few minutes ago that it has received $410K in funding from the Department of Defense for the advancement of LED applications.
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Roger Buelow, Energy Focus CTO, commented, “We’re especially excited about this additional funding since the work on all three projects directly contributes to the development of our LED Intellitube technology. The result will be products that can … Read the rest
Morning Analyst Ratings: YGE, GPRE, CDXS
Jefferies is out reiterating its Buy rating on shares of Yingli Green Energy (YGE) and has a $17 price target (more than 60% higher than current levels). The firm views YGE as a top solar player. Shares aren’t moving on the Buy reiteration in pre-market trading.
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Piper Jaffray upgraded shares of Codexis (CDXS) to Overweight from Neutral and raised the price target to $12 from … Read the rest
Energy Conversion Devices (ENER) Losses Continue, But Beats Estimates; Guides Below
Energy Conversion Devices (ENER) reported results this morning that were better than analyst expectations, but the company remains deep in the red. The company reported a non GAAP EPS of .32 which excludes one time costs which compares to the analyst estimate of a .60/share loss. Revenues beat as well coming in at $86.2 million vs the estimate of $72 million. While that’s a 40% increase in revenue quarter over quarter, it’s a much steeper … Read the rest
Analyst Rating Roundup – CREE, ZOLT, ANDE
A few analyst rating changes to tell you about today.
Bank of America (BAC) is maintaining its Buy rating on Cree Inc (CREE) and increased 2012 EPS estimates to $3.21 per share. Shares of CREE are holding the flat line today despite a healthy down day in the overall market.
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Morgan Joseph began coverage of Andersons (ANDE) with a Buy rating and $48 price target. … Read the rest
EnerNOC (ENOC) Looking For Acquisitions
According to the Boston Business Journal, EnerNOC (ENOC) is on the acquisition trail, looking to accelerate growth by buying small companies in the emerging clean energy space. CEO Tim Healy acknowledged the industry is ripe for consolidation and that larger companies are looking to add to their alternative energy portfolios as well through acquisition.
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“We’ve been acquisitive in the past, but modestly acquisitive,” said Healy, … Read the rest
Cree Inc (CREE) Achieves Breakthrough In Silicon Carbide Technology
Cree Inc (CREE) announced a big breakthrough this morning in the development of silicon carbide technology which is used in the production of a broad range of products including LEDs. They have demonstrated the use of 150mm diameter substrates enabling further cost reduction and greater throughput over the standard 100mm size.
====> Click Here For Your FREE Cree Technical Analysis
“Cree’s achievement of 150-mm SiC substrates further demonstrates Cree’s leadership in SiC materials technology,” said … Read the rest
Sunpower (SPWRA) Selected For At Least 20MW Of Govt Work
SunPower (SPWRA) has captured a key customer it was announced this morning – the US government. They will be responsible for installations of solar power at the National Renewable Energy Lab, the General Services Administration as well as the Navy the and Air Force. The government contracts call for a minimum of 20MW in new solar projects. No word on the financials of the deal.
====> Click Here For Your FREE Sunpower Technical Analysis
“SunPower … Read the rest