It’s been a mighty rough year for Raser Technologies (RZ). With broken promises and financing concerns weighing on the stock, it trades down around a buck while many of its green stock peers move to new 52 week highs. It’s still a mighty speculative play, but the reward vs risk may be improving down here (a break below the buck level would change that view point).
After the bell yesterday Cantor Fitzgerald initiated coverage of … Read the rest
Janney Montgomery Scott initiated coverage on SunPower (SPWRA) with a Buy after the bell yesterday with a price target of $45.
Hat tip to StreetInsider.com for the following analyst comment:
“SunPower is a technology leader and has the strongest brand in the solar industry. The Company’s position downstream will allow it to drive sell-through, react quickly to changes in pricing and demand levels, and better manage its variable, balance of system (BOS) costs, associated with … Read the rest
Two green stock upgrades this morning in CSIQ and ITRI..
Collins Stewart is upgrading Canadian Solar (CSIQ) to Buy and setting the price target at $21.
Hat tip to Street Insider for the following analyst notes.
The firm still sees Q3 traditional module shipments of 90MW, but lowered its quarterly estimate for eModules from 15MW to 10MW. Collins Stewart also lowered its Q3 average selling price estimate from $2.15 per watt to $2.08. The firm … Read the rest
Earlier this morning, Jefferies upgraded EnerNoc (ENOC) from Hold to Buy following its strong earnings report last night. Canaccord Adams is positive on the company as well, reiterating its Buy rating on the company and raising the price target from $28 to $32.
Hat tip to StreetInsider.com for the following analyst note:
“Strong execution across the board, as better-than-expected MW additions and expense control drove the significant top-/bottom-line beat. Looking ahead, with gross margins … Read the rest
Last week, Lazard Capital and Collins Stewart upgraded and maintained their Buy ratings on Yingli Green Energy (YGE). Today, it’s Piper Jaffray’s turn. The firm reiterates its Buy rating on Yingli and is raising the price target from $13 to $17.
Comments from Piper according to StreetInsider.com:
“We believe Germany is the most import market for growth in 2009. YGE has 50-70% of its production contracted with leading German distributors and installers, greater than … Read the rest
Echelon (ELON), a significant, but unprofitable player in the smart metering industry, surged 13% today with decent volume following a BUY initiation and price target of $9.50 from Cantor Fitzgerald. According to the StreetInsider.com, Cantor had this to say:
“The shares are trading close to their 52-week low in a challenging equity market. We believe the company has strong growth prospects in 2010 and beyond as the world moves to upgrade its electric grids … Read the rest
Following last nights earnings report and news of a big supply deal, the analysts are out with their ratings this morning:
According to StreetInsider.com..
Gabelli Issues Buy rating and raised 08 estimates. “We are increasing our ’08, ’09, and ’10 EPS estimates to $4.00, $8.00, and $11.25, respectively, from $3.60, $6.50, and $10.15. 3Q EPS of $1.20 were well ahead of our expectation of $1.05, and consensus of $1.02. On the conference … Read the rest
I posted earlier about all the negativity surrounding the solar sector, but according to StreetInsider.com Gabelli is going out on a limb and issuing a buy rating and a $90 price target on Sunpower (SPWRA) saying “..centered on technology leadership, SPWRA produces the highest efficiency commercially available solar modules allowing the company to command a premium in the market, the high efficiency leads to a smaller footprint which makes SunPower the preferred choice for … Read the rest
According to StreetInsider.com, Wedbush Morgan is out this morning with coverage on two solar names – Ascent Solar Tech (ASTI) and Energy Conversion Devices (ENER).
* ASTI gets a Hold rating and $5.50 price target.
Wedbush analyst says, “CIGS manufacturing technology supports long-term prospects in high-end specialty markets. CIGS roll-to-roll manufacturing enables product use in various applications including BIPV, EIPV, and solar panels…Potential acquisition target by strategic partner or new market entrant. Provides interesting … Read the rest
Soleil Securities has initiated coverage on both Suntech Power (STP) and LDK Solar (LDK) with Buy ratings on both. According to StreetInsider.com, Soleil had this to say on Suntech:
“The prospect of strong earnings growth through ’09 is offset by our expectation of a sharp decline in photovoltaic industry pricing in 2011 which will lead to an equally sharp decline in earnings in 2012.” Their price target is 41.
On LDK Solar:
“While we … Read the rest