Just a few analyst rating changes/price target adjustments today.
Morgan Stanley has cut the price target on First Solar (FSLR) from $160 to $145 this morning, but maintains its Overweight rating. This follows price cuts from Citi and Hapoalim yesterday. Shares are holding up well today, up about 2% and continue to hold the key $100 level. Click Here For Your FREE First Solar Analysis
Macquarie initiated coverage on Westport Innovations (WPRT) with a Buy … Read the rest
Like Evergreen Solar, JA Solar is also unveiling a new line of high efficiency solar cells. The new product line, called SECIUM, has been certified with an 18.9 percent conversion efficiency by the Fraunhofer Institute for Solar Energy Systems.
In a press release, Dr. Peng Fang, CEO of JA Solar, commented on the new product:
“The launch of our SECIUM solar cells illustrate the company’s commitment to develop cutting-edge process technology for next-generation, high … Read the rest
Evergreen Solar just announced the release of a new product line featuring its BOOST (TM) technology for improved efficiency. The new ES-D and ES-E series will feature this technology, which uses microwires instead of bus-bars to create a more attractive panel that produces more electricity.
====> Click Here For Your FREE Evergreen Solar Analysis
In a press release, Scott Gish, Evergreen Solar’s Vice President, Sales and Marketing, commented on the news:
“ The new … Read the rest
Trina Solar (TSL) is popping this morning after it was announced it landed a solar supply deal with one of the largest US utilities, Southern California Edison, and has already begun shipping PV modules. Trina will ship 45MW in solar modules over the course of the next year to be used by SoCo Edison on commercial rooftops. SoCo Edison was authorized by the Cali Public Utilities Commission to cover up to 65 million sq feet … Read the rest
Good news and bad news for First Solar (FSLR) today. While the company announced its intent to double capacity at the Frankfurt, Germany plant, the stock is getting hit on the Citi and Hapoalim price cuts. The Citi price cut which I posted about earlier isn’t extraordinary, but the Hapoalim price cut to $65 is an eye opener.
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Hapoalim Securities believes that First Solar may eventually … Read the rest
Sunpower (SPWRA) announced this morning that it is building a 9.1MW solar power plant in Alange, Badajoz, Spain for the Naturener Group. It’s one of the largest to be built in Spain this year and the 5th that Sunpower has designed and constructed for Naturener. Naturener is using Sunpower’s tracker technology which follows the sun and provides up to 25% more energy than fixed systems. The cheaper, lower efficiency Serengeti solar panels are being used … Read the rest
GT Solar just announced a new $70 million contract with a large Asian polysilicon manufacturer. Under the terms of the agreement, GT will provide the manufacturer with new CVD equipment and other services related to the production on polysilicon.
====> Click Here For Your FREE GT Solar Analysis
In a press release, Tom Gutierrez, president and chief executive officer of GT Solar, commented on the news:
"We are pleased to announce this new order for … Read the rest
Citi is out this morning maintaining its Hold rating on First Solar (FSLR), but lowered the price target from $135 to $125. Hat tip to Street Insider for the analyst comment.
===> Click Here For Your FREE First Solar Analysis
“We have long argued that EPS here will not start to meaningfully grow again until 2012, following three years of stagnating EPS (2009-2011). While we still rate the stock Hold, we continue to feel our … Read the rest
Needham & Company has come out with updates on their ratings of several solar stocks. Hat tip to Street Insider for the analyst comments:
Initiated coverage on First Solar (FSLR) with an Underperform and $92 price target.
“As the world’s largest producer of solar panels with the best cost structure, First Solar is benefiting from strong near-term demand and a growing pipeline of utility scale solar projects. However, we are concerned that margins will deteriorate … Read the rest
Canadian Solar just announced that it has completed a solar farm in the town of Narni, located in the Umbria region of Italy.
The 1MW solar farm is constructed of f 4,000 Canadian Solar CS6P 230-Watt modules, installed without reinforced cement to minimize the damage to the landscape.
====> Click Here For Your FREE Canadian Solar Analysis
In a press release, Marco Di Pietro, Country Manager with Canadian Solar for Italy, commented on the … Read the rest