Energy Conversion Devices was upgraded today by analysts at UBS from neutral to buy. Over the last 52 weeks the stock has ranged from a low of $20.47 in January to a high of $83.33 in June. Stock is up 5% after the upgrade.… Read the rest
Category Archives: Solar Energy
LDK Solar (LDK): Blowout Quarter, Surges After Hours
All solar stocks should get a much needed lift tomorrow morning after LDK Solar (LDK) absolutely blew it out after the bell today. They reported a Q2 EPS of $1.29 share which was about 3x what analysts were estimating and a 378% pop over the year ago quarter… Which begs the question: why do analysts get paid to do what they do? Revenues were more than 50% higher than what analysts had expected, coming … Read the rest
Applied Materials (AMAT) Wins 5 Yr Solar Contract With Green Energy Technology Inc
Applied Materials (AMAT) has announced this morning that it has signed a 5 yr contract with Green Energy Technology of Taiwan to support their Applied SunFab Thin Film Line for solar manufacturig. AMAT’s SunFab system aims to reduce costs while enabling a quick ramp in production
“Leading solar and semiconductor manufacturers are increasingly looking to external resources to manage line performance and lower operating cost,” said Manfred Kerschbaum, senior vice president and general manager of … Read the rest
Amtech Cuts Price Target on Yingli Green Energy (YGE) to $27
Just a day after Piper Jaffray maintained its price target of $45 on YGE, Amtech is cutting its own price target from $36 to $27, which is still more than $10 from current levels.
According to StreetInsider.com, the firm calls Yingli’s earnings strong but believes there are reasons for concern such as the company’s cash balance and reliance on short term debt to fund expansion. … Read the rest
Piper Maintains BUY On Yingli (YGE) & $45 Price Target
According to StreetInsider.com, Piper Jaffray is reiterating its Buy rating on Yingli Green Energy (YGE) and maintains a price target of $45 on the stock, which would be a triple from current levels.
The firm believes YGE has the lowest processing cost in the industry and the highest poly cost today which levers it to the eventual spot poly price reduction that they see happening in 09. The firm also likes the fact that … Read the rest
Daystar Technologies (DSTI) Reports Loss and Misses
Daystar (DSTI) reported another whopper of a loss after the bell today and missed analyst estimates by 2 cents when it reported a loss of 7.3 million for the quarter, an increase of about 15% over the year ago quarter. DSTI is a company far from profitable and not expected to get there anytime soon.
The CEO tried to put a positive spin on it.
“I am pleased that we have met all of the … Read the rest
Akeena Solar (AKNS) Misses, Nearing All Time Lows
Akeena Solar (AKNS) was hit with higher costs last quarter, leading to a miss on its earnings report. The company reported a wider loss than what analysts were expecting (.15/share) with 5.1 million in losses (.18/share) in the quarter, compared with a loss of 1.9 million in the year ago quarter. The company also mentioned that it has cut 36 jobs since the beginning of the year.
Clearly a company with zero momentum and … Read the rest
EMCORE Corporation (EMKR) Lands Over $40 Million In Contracts
A press release from EMCORE Corporation, announces that the company has entered into two new agreements to deliver solar cells and receivers with a total value of over $40 million. The larger of the two purchase contracts is a multi-year supply agreement for solar cells. The customers placing these orders are targeting CPV (concentrating photovoltaics) use in the United States with a particular focus on the California market. The EMCORE products will be used in … Read the rest
Zacks Rate First Solar (FSLR) #1 And Top-Rated Alternative Energy Company.
First Solar recently announced second-quarter revenue of $267 million which is more than 3 times its revenue from second quarter 2007. According to Zacks its a top rated alternative energy company. Its stocks have recently traded sideways and is consolidating with key levels of resistance at $290.00… Read the rest
Sanyo (SANYY) Opens New 40MW Module Plant
Sanyo has opened a new assembly plant in Ohtsu. The new 7000m2 plant has an initial capacity of 40MW per annum with the capacity to expand production further, Sanyo said. The new facility is part of Sanyo’s latest investment in solar, with total investment of $650 million in next 3 years.… Read the rest