Tag Archives: fslr

Ways to Play the Obama Green New Deal

With the Obama administration just weeks away from move in day, there are quite a few articles out there being written about ways to play the coming infrastructure and green energy boom.  Much has been made of Obama’s plan to decrease our dependence on foreign oil and to a lesser degree, plans to spend big on infrastructure.  Certainly infrastructure and green energy will be two big themes over the next 4 years and possibly beyond, … Read the rest

First Solar (FSLR) Completes 2MW Solar Plant for So Co Edison

First Solar (FSLR) has announced that it has completed production on a 2MW solar power plant for Southern California Edison which was installed on the rooftop of a commercial building in Fontana, California.  It’s the first project for SCE within a larger plan to install 250MW of solar power across commercial rooftops throughout Cali over the next 5 years.  First Solar (FSLR) will also engineer, manufacture and install the next project in Chino, expected to … Read the rest

Today’s Analyst Upgrades/Downgrades & Notes On Alternative Energy Stocks: FSLR, WFR, ESLR, ASTI, TSL, AVAV

It’s getting late but wanted to run down the upgrades/downgrades of today as well as a few notes..

Lazard Capital Markets analyst Sanjay Shrestha said this week that although macroeconomic factors continue to depress alternative energy stocks, the future looks bright.  “We believe Barack Obama’s election is a long-term positive for the alternative energy group,” Shrestha said. “Until the financial markets show signs of stability, the economy will likely continue to overshadow other policy agenda … Read the rest

Kiplingers Obama Portfolio: Vestas Wind Systems (VWSYF), First Solar (FSLR)

In an article over at Kiplingers, Laura Cohn discusses some renewable energy plays that could begin running again due to Obama’s clean energy policies, which include deriving 10% of electricity from renewable energy sources within just the next few years.

Vestas Wind Systems (VWSYF.PK) 
   The Danish company trades on the pink sheets and is the world’s leading supplier of wind turbines with a market share of 23%

First Solar (FSLR)Read the rest

Wedge Partners Says China Solar Companies Slowing Production

According to Barrons, Wedge Partners was out with a research note this morning saying that the China based solar companies are slowing production in anticipation of falling demand and prices.

Some highlights:

– Suntech (STP) is laying off about 10% of its employees, idled half its production lines and shelved plans to expand to 1.2GW by the end of the year

– JA Solar (JASO) is seeing customer orders down drastically and half of its … Read the rest

Deutsche Bank Downgrades Solars: CSIQ, ENER, FSLR & SPWRA

According to StreetInsider.com, Deutsche Bank is downgrading a few solars this morning from BUY to HOLD

– Canadian Solar (CSIQ) cut price target from $36 to $12

– Energy Conversion Devices (ENER) cut price target from $75 to $41

– First Solar (FSLR) cut price target from $200 to $160

– SunPower (SPWRA) cut price target $62 to $45

The first said, “As we assess 2009 we reiterate our view of (1) deteriorating fundamentals … Read the rest

Hapoalim Securities Starts First Solar (FSLR) With Sell Rating, $90 Target

According to StreetInsider.com, Hapoalim Securities is going against the grain of yesterday’s 5 Buy ratings on First Solar (FSLR) and issuing a Sell rating and $90 price target.

The firm indicates that FSLR is a high quality firm with less implied risk but that a better entry point may emerge once the dust settles.  Their concerns include a weakening Euro, Germany risk, lower selling prices, Malaysia start up costs as well as headwinds in … Read the rest

First Solar (FSLR) Analyst Ratings: Buy, Buy, Buy

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

First Solar (FSLR) Announces Big Supply Deal With Sorgenia Solar, Surging AH

First Solar (FSLR) is surging after hours following its earnings report and news of new supply deals totaling 525 MW with Sorgenia Solar, a developer of large scale solar power plants in Italy as well as a few of First Solar’s existing customers including EDF Energies Nouvelles, Ecostream, Juwi and Phoenix Solar.  The deals allow for new sales revenue of approximately 800 million from 2009 – 2013

“With strong market growth in Italy we are … Read the rest

First Solar (FSLR) Enters US Market, Reports Strong Earnings

It’s a big day for First Solar (FSLR).  This morning the company announced a 5 year supply deal with Solar City Corp, which calls for FSLR to supply 100MW of its advanced thin film solar modules beginning in early 2009.  The deal also includes $25 million in financing to Solar City and marks First Solar’s entrance into the US market.

Solar City is one of the nation’s leading solar installers with operations in California, Arizona … Read the rest