Several analyst rating changes today. Analyst notes courtesy of Street Insider.
Upgrades
Ardour Capital upgraded Darling (DAR) from Hold to Accumulate and raised price target to $9.50. Shares up nearly 4% today but still trading below the 200 day moving average. Get a FREE Darling Intl Technical Analysis
Ardour Capital also upgraded Akeena Solar (AKNS) from Hold to Buy and has a $1.25 price target (about 50% higher than the current price) AKNS is … Read the rest
Akeena Solar just announced a new partnership with Westinghouse. Under the terms of the exclusive, global agreement, Akeena will now manufacture, distribute, market and install its solar panels using the Westinghouse name.By using the Westinghouse name for Akeena’s Andalay line of solar panels, the company hopes to attract consumers by tapping into their trust and familiarity with the Westinghouse name.
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In a press release, James … Read the rest
You kind of expected that with Akeena Solar (AKNS) solar product being sold in Lowe’s stores, that might give the company a boost and get them closer to profitability, but it hasn’t helped much at all up to this point. This is a company that continues to flounder and profitability still appears a long ways off. The company reported an EPS loss of .09/share which was a cent worse than what analysts expected and about … Read the rest
Akeena Solar just announced that it will begin offering solar installations services for Lowe’s customers. The company will offer these services via 21 Lowe’s stores in California. Akeena’s Andalay AC solar panels are already available in these Lowe’s stores through Lowe’s Energy Centers.
In a press release, Barry Cinnamon , CEO of Akeena Solar,commented on the news:
” Akeena Solar has always focused on making solar power easy — and therefore more accessible for customers. … Read the rest
As expected, Akeena Solar (AKNS) delivered another quarterly loss this morning posting a .10/share loss on revenues of $7 million. They missed analyst estimates on both. After many quarters of losses and stagnant revenues, it’s time for the company to deliver and maybe that begins next quarter. CEOs always put a positive spin on the company and hype up all the deals they have and increasing distribution partners.
CEO Barry Cinnamon is no exception, discussing … Read the rest
Solar panels are now hitting the mainstream, at least in California. Homeowners can now purchase Akeena Solar’s (AKNS) Andalay AC solar panels at 21 Lowe’s stores throughout Cali and are featured as part of stores Energy Center (maybe Green Energy Center is a better name!). The Energy Center at Lowe’s allows customers to calculate the solar and wind energy potential of their home and sells products allowing customers to measure energy use, reduce consumption and … Read the rest
Akeena Solar just announced that they have signed a distribution partnership with Ontario’s Highland Solar. The deal paves the way for the distribution of at least 1.75 megawatts of Akeena Solar’s Andalay panels. Highland Solar will distribute the panels through its local installation network. This is Akeena’s first distribution agreement outside of the US.
In a press release, Akeena’s CEO Barry Cinnamon commented on the agreement:
“Canada is shaping up to be a large … Read the rest
Akeena Solar just announced that their Andalay AC solar panel system won a Popular Mechanics Breakthrough Product Award. The award, which was presented to Akeena’s CEO Barry Cinnamon in a ceremony on Thursday, recognizes “world-changing innovations”- in Akeena’s case, a grid-ready system that performs well, with fewer breakdowns.
In a press release, Cinnamon commented on the award:
“Andalay AC’s reliable performance and installation simplicity are a giant step forward for the solar industry,” said Akeena … Read the rest
Raise a glass for Akeena Solar…the company just helped Silver Mountain vineyards, an organic vineyard in Santa Cruz, California, convert to 100% solar energy using its Andalay solar panel system. The 264 panels are installed on a 6,000 square foot roof to create a 48-KW system, enough to supply all of the winery’s energy needs. The roof is multi-functional-in addition to producing energy, it also provides shade for the winery to reduce the amount of … Read the rest
The Cali Air National Guard in Fresno will now be basking in the warm glow of solar electricity .. 600kw to be exact. Akeena Solar (AKNS) just finished installing 3819 panels across three new carports which will provide enough power to supply one third of the total power at the base, resulting in $100k in annual cost savings.
“As the largest consumer of energy in the United States, the military is an ideal role model … Read the rest