Yesterday Piper was out with a downgrade of GT Solar (SOLR) from Buy to Neutral after the company reported awful earnings results, saying they are moving to the sidelines until the solar industry recovers.
Piper analyst says, “Although SOLR remains well positioned for an eventual unit recovery, is achieving promising R&D developments for next-gen equipment, and has a strong balance sheet, we believe shares of SOLR will be capped at current levels until a … Read the rest
Not a good day for MEMC Electronics (WFR) today. It didn’t start out well with Collins Stewart downgrading the stock from Buy to Hold on falling polysilicon prices which resulted in reducing Q4 08 and 1H 09 projections to reflect the falling prices. The stock closed down today nearly 13% to a new multi year low.
For good measure the company is out after the bell downgrading itself, cutting Q4 sales guidance from $540 – … Read the rest
Evergreen Solar (ESLR) is selling off more than 10% today after missing estimates and reporting losses in the latest quarter despite a 21% increase in revenue over the year ago quarter. Analysts were expecting a 10 cent loss in the quarter, but ESLR missed badly reporting an .18/share loss.
Wedbush Morgan downgraded the stock this morning from Buy to Hold and lowered the price target to $5 from $6, due to uncertainty over ESLR achieving … Read the rest
It was a crazy week last week for me so I need to catch up a bit in the world of green stocks! On Thursday of last week, Suntech Power (STP) was hit with a sell rating and price target of $16 by Hapoalim Securities (who?) saying they are impressed by the cost structure of the company but believes their 35 – 45%% exposure to Spain and nearly 85% exposure to Europe will hurt them … Read the rest
Toyota Motors (TM) has taken a beating along with the rest of the market over concerns of a crumbling global economy, but with the move to hybrid and electric cars well underway and expected to continue (despite a temporary decline in fuel prices) Toyota will continue to benefit big as a leader in the fuel efficiency revolution.
Is it time to take a look at Toyota as an investment? The stock is now trading about … Read the rest