A couple analyst notes out after the A123 Systems (AONE) earnings last night.
Janney Montgomery Scott maintains a Neutral rating, but lowers price target from $14 to $12. “AONE reported 1Q10 results that were in-line on the top line, while falling slightly short of consensus on the EPS line. We were surprised by the quarter-over-quarter drop in total shipments and are adjusting our shipment forecasts for slightly slower growth. On the positive side, the Company … Read the rest
Janney Montgomery Scott upgraded Ener1 (HEV) from Sell to Neutral and has price target of $3.50. “The Company announced that Volvo has selected HEV as the exclusive supplier for its C30 battery-electric vehicle platform…However, we believe that at current levels, HEV’s stock fairly values the Company’s prospects.” Shares of HEV are down 4% today. Click Here For Your FREE Ener1 Analysis
Macquarie upgraded Energy Conversion Devices (ENER) from Underperform to Neutral. Shares recovering again today, … Read the rest
Last night I reported on Clean Energy Fuel’s (CLNE) strong earnings report and the Janney Montgomery Scott Buy rating reiteration is helping to push the stock to a new all time high today with heavy volume. They have raised the price target as well to $26. Hat tip to Street Insider for the following analyst comment:
“Clean Energy Fuels reported 4Q09 revenue and EPS that beat consensus revenue and EPS on lower-than-expected volumes. We would … Read the rest
The StreetInsider.com has a great run down of analyst reactions to First Solar’s (FSLR) guidance last night. The company guided higher and announced significant expansion plans over the next two years. The following is reprinted with permission.
Piper Jaffray: “While strong 2010 top-line guidance and newly announced capacity expansion are positives, a substantially higher mix of lower margin systems business is expected to prevent both margin and EPS expansion in 2010. FSLR remains the … 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
First Solar (FSLR) is up a bit in premarket trading after it was announced last night the company would join the S&P500, replacing Wyeth. The upgrade from Janney Montgomery Scott to Buy is also helping. The firm has a price target of $185.
Hat tip to StreetInsider.com for the following analyst comment.
“We believe that First Solar’s cost leadership and deep experience will continue to differentiate the Company in the increasingly competitive photovoltaic industry. At … Read the rest