Here’s a run down of today’s green stocks analyst calls…
(via Benzinga) Axiom Capital pointed out an article over at the Financial Times (in German) that discussed the potential of additional solar subsidy cuts in Germany due to increasing electricity rates associated with the boom in solar installations. Nothing set in stone yet, just proposals. Solar stocks have been slammed in recent weeks and were down another 2% today (solar ETF TAN).
JP Morgan … Read the rest
I just posted about the Credit Suisse caution about increasing solar supply and softening demand for next year. They aren’t the only ones sounding the caution alarm. A couple days ago, Axiom Capital was quoted in Bloomberg as saying it could be an Armageddon situation in the solar space next year as capacity ramps up and demand softens. Analyst Gordon Johnson potentially sees supply outstripping demand 3:1 which would send prices crashing (he predicts to … Read the rest
Here is a briefing of today’s green stocks ratings via Benzinga
Oppenheimer maintained a Perform rating on EnerNOC (ENOC) after the earnings report came in higher than the firms estimates. However, the firm lowered its 2011 estimate from $.91 to $.79. Shares plummeted after the company issued weak guidance, but held key support around the $25 level today.
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Wells Fargo maintained its Market Perform… Read the rest
Axiom Capital Research is going against the grain. When just about everyone else is relatively bullish on solar (although see demand moderating a bit next year), Axiom isn’t so bullish. The firm goes so far as to call Gintech (which doesn’t trade on a US exchange) a liar and doesn’t believe the company has sold out for the second half of the year like they indicated. They cite the fact the company has lowered … Read the rest