Auriga is out this morning upgrading Jinko Solar (JKS) back to a Buy rating and raising the price target from $32 to $37 after the company announced last night a follow on offering of $2 million shares in order to raise cash for a big expansion. While equity offerings typically hit a stock price in the short term due to dilution, Auriga indicates the offering was less than anticipated and sees the move as bullish … Read the rest
Category Archives: Solar Energy
Ascent Solar (ASTI) Thin Film Modules To Be Evaluated For Use In Lighting A Billion Lives Initiative
Ascent Solar Technologies (ASTI) is moving higher this morning on news the company has signed an MOU with the Energy Institute Of New Delhi (TERI), India. Under the terms, TERI will test and evaluate the performance of ASTI’s flexible thin film solar modules for possible inclusion in their Lighting a Billion Lives program which aims to bring light to the 1.6 billion people in the world who lack electricity (25% of which are in India). … Read the rest
Auriga Maintains Buy On First Solar (FSLR), Sees Upside To Estimates
Auriga is out with a research note this morning on First Solar (FSLR) calling the company an investment not a trading stock, as the timing of its project business becomes more difficult to read but brings stability to the business model.
They see upside to 2010 EPS estimates guidance up to $7.85/share. Their model assumes revenue/watt of $1.58/share for module sales and assume that 50% of EPS revenue will occur in Q3.
They believe the … Read the rest
JA Solar (JASO) Raises Q3 Guidance 10%
JA Solar (JASO) is moving up in pre-market trading on news the company is raising guidance for the 3rd quarter and now sees shipments at 410MW vs the previous guidance of 375MW. That would represent a 32% jump over the previous quarter and a 131% jump over the year ago quarter. They’ll report official results on November 9th.
Shares of JASO have been on a torrid run over the past couple months and have been … Read the rest
LDK Solar (LDK) Lands $300 Million Contract With BYD Company
LDK Solar (LDK) has announced it landed a big $300 million, 2 year contract with BYD Company of China for a supply of polysilicon every month to begin in January. A deposit for the shipments has already been received.
"We are very excited to add BYD, a leading high-tech enterprise that has a strong commitment to the green energy sector, as a key customer," stated Xiaofeng Peng, Chairman and CEO of LDK Solar. "This agreement … Read the rest
Most Important Alternative Energy Companies (FSLR, SMLNF, GE, ABB, SQM, CZZ, GPRE, ABAT, ITRI, CREE, ORA, OPTT)
24/7 Wall St published their list of the 25 most important alternative energy companies a few days ago and broke it down by category. I thought I’d highlight the companies they consider to be the most important in each category (which I agree with) and add in some of my own thoughts. There is one glaring omission in 24/7 Wall St’s report and that is geothermal. Geothermal remains the red headed step child of the … Read the rest
Deutsche Not Bullish On US Solar (WFR, SPWRA); Sterne Agee Says LED Pricing Stable
Yesterday, Deutsche Bank posted some positive comments on the China solar stocks, upgrading Suntech (STP) to Buy and reiterating buys on TSL, SOL and YGE. This morning they are weighing in on two of the big US solar plays MEMC Electronic Materials (WFR) and Sunpower (SPWRA) and aren’t as bullish. They have slashed the price target on WFR from $18 to $15 and the price target on SPWRA from $25 to $17 due to … Read the rest
Solar Stocks Ratings Rundown (STP, ENER, FSLR, SPWRA)
According to Barron’s, there are a few analyst calls in the solar space this morning and it’s a bit mixed, but leaning towards the bullish side.
Raymond James
Energy Conversion Devices (ENER) gets a downgrade from Market Perform to Underperform. The firm sees the market for amorphous silicon as bleak and not a viable technology in the long run. Shares are down 6% today but hanging in there above support of the 50 day moving … Read the rest
Satcon Technology (SATC) Announces Prelim Results, Stock Offering
Satcon Technology (SATC) has issued preliminary 3rd quarter results this morning and expects revenues to be much better than expected, but doesn’t see that translating into a profit. The company now sees revenues in the range of $56 – $58 million vs the analyst consensus estimate of $45.6 million, but on the EPS side the company a 2-3 cent share loss vs the estimate of a one cent share loss. They are raising revenue guidance … Read the rest
First Solar (FSLR) To Ramp Capacity Another 500MW With Two New Plants
First Solar (FSLR) is ramping capacity 500MW by building two new four line thin film solar manufacturing plants it was announced this morning. The company plans to build a plant in Vietnam and the US, both of which are expected to be completed by 2012 and create a total of 600 green jobs here in the US. The sites for the plants are still in negotiations and will be announced soon. The latest expansion plan … Read the rest