The number of bearish solar analysts have been growing lately with many of them concerned about supply rapidly outpacing demand for 2011, but I’d have to agree with Motley Fool that if you believe anything the CEO’s of the solar companies are saying, demand will continue to be strong. Granted, many of these solar firms are continuing to ramp capacity at an extraordinary pace, which exposes them to significant risk. I’m probably somewhere in the … Read the rest
Tag Archives: jaso
Credit Suisse Has Solar Supply Concerns, Downgrades SOLR, TSL, SOL, FSLR, JASO, STP
According to Barron’s, Credit Suisse is out this morning downgrading several solar stocks due to concerns about oversupply and softening demand next year. Analyst Satya Kumar sees new capacity of 2GW/month this quarter with an overall increase of 50% next year while demand remains flat. As a result, pricing could decline quicker than expected.
He’s downgrading six solar stocks, all of which are under pressure today.
Outperform ==> Neutral: First Solar (FSLR), Trina Solar … Read the rest
Green Stocks Ratings Roundup (ENOC, JASO, AONE, VRNM)
Here is a briefing of today’s green stocks ratings via Benzinga
Oppenheimer maintained a Perform rating on EnerNOC (ENOC) after the earnings report came in higher than the firms estimates. However, the firm lowered its 2011 estimate from $.91 to $.79. Shares plummeted after the company issued weak guidance, but held key support around the $25 level today.
::: Click Here For Your FREE Daily EnerNOC Technical Analysis :::
Wells Fargo maintained its Market Perform… Read the rest
JA Solar (JASO) Beats & Raises, Shares Up 5% Pre-Market
JA Solar (JASO) is reporting strong results this morning, beating analyst estimates and raising guidance. The company reported a GAAP EPS of .47/share and while the company doesn’t report a non GAAP number it looks like to me the non GAAP is .36/share which beats the analyst estimate of .34/share. I’ll update this post if I’ve calculated that non GAAP number incorrectly. Either way, the company beats. Revenues beat as well coming in at $541 … Read the rest
JA Solar (JASO) Raises Q3 Guidance 10%
JA Solar (JASO) is moving up in pre-market trading on news the company is raising guidance for the 3rd quarter and now sees shipments at 410MW vs the previous guidance of 375MW. That would represent a 32% jump over the previous quarter and a 131% jump over the year ago quarter. They’ll report official results on November 9th.
Shares of JASO have been on a torrid run over the past couple months and have been … Read the rest
JA Solar (JASO) In 185MW Supply Deal With BP Solar
JA Solar (JASO) is announcing a nice win this morning, getting a 185MW supply deal with BP Solar of which most of the 85MW to be supplied this year has already been delivered. They will deliver another 100MW next year. No word on the financials of the deal.
JASO CEO Peng Fang commented: "We have been working with BP Solar, which has its headquarters in San Francisco, since 2008 and we are very pleased to … Read the rest
Canaccord Bullish On JASO, Downgrades STP, SPWRA
Canaccord Genuity is out with a few ratings changes in the solar space.
The firm has upgraded JA Solar (JASO) from Hold to Buy and raised the price target nearly 50% to $11. Shares are falling another 3% today despite the upgrade indicating the stock is a bit tired following a torrid run.
==> Click Here For Your FREE Daily JA Solar Technical Analysis
Both Suntech (STP) and Sunpower (SPWRA) were downgraded from Hold to … Read the rest
Piper Jaffray Bullish On Solar, Initiates More Coverage; Sunpower (SPWRA) Downgraded By Soleil
Piper Jaffray initiated coverage on several solar stocks last night and is generally bullish with 9 Overweights and a few Neutral ratings. Most of the price targets are way above the current prices. Here’s the run down…
Overweight:
First Solar (FSLR) with 200 price target.
Renesola (SOL) with 20 price target.
Yingli Green Energy (YGE) 14 PT.
LDK Solar (LDK) 12 PT
SatCon Technology (SATC) 5 PT
Trina Solar (TSL) 35 PT
SunPower (SPWRA) 20 … Read the rest
Wells Fargo Initiates Coverage On JA Solar (JASO)
Wells Fargo initiated coverage on JA Solar (JASO) with a Market Perform rating and price target of $7 – 8. While the firm says fundamentals remain strong and shares inexpensive, they aren’t willing to rate the company an Outperform due to weaker demand/greater supply picture going forward.
====> Click Here For Your FREE JA Solar Daily Technical Analysis
Shares of JASO continue to look very bullish, but a bit overstretched in the short term. I’d … Read the rest
Axiom Capital Bucks The Trend – Negative On Solar, JA Solar (JASO)
Axiom Capital Research is going against the grain. When just about everyone else is relatively bullish on solar (although see demand moderating a bit next year), Axiom isn’t so bullish. The firm goes so far as to call Gintech (which doesn’t trade on a US exchange) a liar and doesn’t believe the company has sold out for the second half of the year like they indicated. They cite the fact the company has lowered … Read the rest