With the bill to extend investment tax credits for renewable energy (finally!) past the Senate, Shares of several stocks that had taken a beating began to rise again. For example, shares of Energy Conversion Devices (ENER), which had taken a nosedive of 18.5% on Tuesday, were back up by 13 percent, to $63.79. Solar Integrated Technologies, one of Energy Conversion Devices major clients, lowered its guidance for the second half of 2008 based in part … Read the rest
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Solar Energy Gets A Shout-Out From Cowen and Co. Analyst
… Read the restMSN Money reports that on Thursday, Robert W. Stone, an analyst from Cowen and Co, released a report providing an upbeat analysis for solar energy stocks. Assuming a investment tax credit in the US for solar power, as well increased participation from utilities and the states, demand for solar should climb from 6 gigawatts in 2008 to 14 gigawatts in 2010. He also expects use of solar power to grow in Italy and France, and
Energy Conversion Devices (ENER) Upgraded By UBS
Energy Conversion Devices was upgraded today by analysts at UBS from neutral to buy. Over the last 52 weeks the stock has ranged from a low of $20.47 in January to a high of $83.33 in June. Stock is up 5% after the upgrade.… Read the rest
Credit Suisse Initiates Energy Conversion (ENER) With Outperform
Credit Suisse has slapped an outperform rating on ENER this morning saying that large commercial roof tops and mid scale free field end markets will grow faster long term, as they best capture distributed renewable aspects that differentiate solar PV among renewables. ENER is the only company making flexible & light weight solar laminates that can be rolled onto rooftops.… Read the rest