Brean Murray is out with a bullish call on the smart grid sector this morning and believes that with healthcare reform out of the way, the government will return its attention back to energy and energy efficiency. Hat tip to Street Insider for the following analyst comment.
“…With (Fed’s) funding checks expected by the second half of 2010 accelerating smart grid deployment projects, and an expectation for increased federal attention back toward energy and efficiency … Read the rest
American Superconductor (AMSC) continued selling off today following its strong earnings report. Traders obviously don’t believe it was a strong enough report to support the high valuation and so the stock drops into a much needed base. It looks to me like it’s headed to that 200 day moving average just below the $32 level.
The selling continues today despite two upgrades – from Janco Partners and Brean Murray.
Janco upgraded the stock from … Read the rest
I missed the Itron (ITRI) Buy rating from Brean Murray and should have included it in the last post along with the other smart grid calls. The firm has initiated this smart grid leader with a Buy rating and 12 month price target of $65/share. Despite delays in the federal stimulus rollout, they still believe the company is on track for solid growth in 2010.
Itron has begun to show some life and is now … Read the rest
Brean Murray has initiated coverage on four green stocks this morning. American Superconductor (AMSC) and EnerNOC (ENOC) get Buy ratings from the firm while Echelon (ELON) and Comverge (COMV) get Hold ratings.
Hat tip to StreetInsider.com for the following analyst comments:
“Buoyed by an experienced management team and strong wind energy market growth in China, AMSC’s revenues grew from $52 million in FY06 to $183 million in FY08. With a continuation of the current wave … Read the rest