Piper Jaffray was out with some rating changes/coverage of LED lighting stocks after the bell today. Hat tip to Street Insider for the following analyst comments….
Initiated Cree Inc (CREE) at Overweight with $88 price target. They believe Cree is the leading LED play and that the recent pull back offers an attractive entry point. To that I say it’s up 20% in two weeks.. would have been an attractive entry point at the beginning … Read the rest
Auriga initiated coverage on recent solar IPO JinkoSolar (JKS) with a Buy rating more than two weeks ago. Since that time, the stock has seen very bullish trading action, breaking out above 11 with good volume and running quickly to $13 before pulling back. This morning Mark Bachman reiterates his Buy rating on the company and the $23 price target.
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“We continue to profess that shares … Read the rest
Needham has initiated coverage on EnerNOC (ENOC) this morning with a Buy rating and $37 price target. Hat tip to Street Insider for the analyst comment.
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“EnerNOC holds the top position among Demand Response (DR) providers in addition to a commanding lead in the C&I space, that appears poised to improve even more in coming years. Further, the company’s technology is industry-leading, provides a scalable platform and … Read the rest
Jesse Pichel, who was formerly at Piper Jaffray, is now at Jefferies and initiating coverage on many green stocks. Hat tip to Street Insider for the ratings.
Buy Rating:
JA Solar (JASO) – $8 price target
Yingli Green Energy (YGE) – $15 price target
Trina Solar (TSL) – $35 price target
Itron (ITRI) – $74 price target
EnerSys (ENS) – $28 price target
American Superconductor (AMSC) – $35 price target
EnerNOC (ENOC) – $38 price … Read the rest
Echelon (ELON) and Convergys (CVG) have announced a collaboration to develop next generation billing solutions for the smart grid. The goal is to allow customers to pass energy usage data from Echelon’s real time system to Convergys real time customer relationship and billing system so they can see how much they’re spending in real time, allowing them to make adjustments for greater energy efficiency.
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===> Click Here … Read the rest
It’s a busy day on the green energy front for General Electric (GE). Earlier, they announced their $200 million Ecomagination Challenge and have also introduced their WattStation electric car charging system which decreases charging times and allows utilities to manage the impact on the local grid.
The charger decreases average full charge times of 12 – 18hrs for a standard level 1 charger to 4 – 8hrs. It will be available commercially on a … Read the rest
General Electric (GE) along with some leading venture capital partners such as Kleiner Perkins, announced today a $200 million contest which seeks to accelerate the advancement of the smart grid and other green energy solutions. The “GE Ecomagination Challenge: Powering the Grid”, invites technologists, entrepreneurs and start ups to share their best ideas.
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Said GE CEO Jeff Immelt, "At GE we have invested broadly … Read the rest
Raser Technologies (RZ) has agreed to pay $27 million to the lender that provided the financing for the Thermo 1 geothermal power plant right away along with another $6 million within the next year. In exchange, the lender will waive compliance with applicable debt related covenants and obligations for the next year.
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As part of the process to establish the value of the company portfolio, Raser … Read the rest
MEMC Electronic Materials (WFR) SunEdison division announced its plans to produce racking equipment for its Canadian solar projects with Samco Solar, a division of Samco Machinery. The partnership will be a big benefit to Samco Machinery which has been hit hard in a tough economy. It will produce 15 – 18 permanent jobs for the company and many more temporary positions. The retooling of the Samco plant has begun and they are expected to begin … Read the rest
STR Holdings (STRI) is up and running at its newly expanded Malaysia plant to meet the growing demand for its solar encapsulant materials. The plant capacity was doubled from 1GW to 2GW and the company has announced they will add another 1GW of capacity next year which would bring the total global capacity to 7.35GW.
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“Increasing the production capacity at our Malaysia facility is an important … Read the rest