Itron (ITRI) reported strong earnings results after the bell last night and two brokerages came out with notes on the quarter today. Needham upgraded Itron from Hold to Buy and raised the price target to $69 while Janco Partners downgraded it from Accumulate to Market Perform due to valuation and lack of international growth. Hat tip to Street Insider for the following analyst comments:
Janco: “Yesterday the Company reported fourth quarter results after the close … Read the rest
American Superconductor (AMSC) continued selling off today following its strong earnings report. Traders obviously don’t believe it was a strong enough report to support the high valuation and so the stock drops into a much needed base. It looks to me like it’s headed to that 200 day moving average just below the $32 level.
The selling continues today despite two upgrades – from Janco Partners and Brean Murray.
Janco upgraded the stock from … Read the rest
Green Alternative Energy Stocks – Solar, Wind, LED Lighting,Smart Grid, Electric/Hybrid Cars, Wave Energy, Green Building, Biofuels & Geothermal