Tag Archives: broadpoint

Broadpoint Maintains First Solar (FSLR) Buy Rating But Lowers Price Target

This morning Broadpoint came out reiterating its Buy rating on First Solar (FSLR), but lowered the price target to $165 which is still well above the current price of $120

Hat tip to StreetInsider.com for the following analyst comment

“Following updated cost reduction guidance from poly-based module producers last week, we are reducing our FSLR 2010 estimates to better reflect a more competitive landscape in 2H10 (namely TSL projecting $0.70/w processing cost). We still view … Read the rest

Green Stocks Upgrade/Downgrades Roundup: CREE, SPWRA, YGE, FSLR, STP

There were a few upgrades and downgrades of green stocks today, particularly in the solar space that I wanted to run through tonight. 

Macquarie made a few calls in the solar space worth mentioning:

Yingli Green Energy (YGE) was upgraded from Neutral to Outperform.  Shares finished up more than 5% and bounced off the 50 day moving average.

Sunpower (SPWRA) was upgraded from Underperform to Neutral.  Shares finished up nearly 7% today and are nearing … Read the rest

Sunpower (SPWRA,SPWRB): Collins Stewart Issues Sell Rating, Broadpoint Downgrades to Neutral

A couple of analyst notes out this morning on Sunpower (SPWRA) according to StreetInsider.com.

Collins Stewart has initiated coverage on Sunpower with a Sell rating and a price target of $20 due to the following:

– rapid price deterioration
– trading at premium valuation relative to its peers
– production costs higher than competitors
– key financial metrics related to asset and capital efficiency below that of peers

Broadpoint downgraded to Neutral and lowered … Read the rest