Tag Archives: jefferies

First Solar (FSLR) Sees Green On Desert Sunlight Approval, Jefferies Upgrade

Despite more carnage in the overall market today, shares of First Solar (FSLR) managed to find its way into the green column, aided by news that Interior Secretary Ken Salazar approved the 550MW Desert Sunlight solar farm which would be the largest solar plant ever constructed on public land.  First Solar said the approval is a major milestone and clears the way for construction to begin this month just east of Palm Springs.  The plant … Read the rest

Traders Bid Up First Solar (FSLR) Despite Mixed Jefferies Comments

Shares of First Solar (FSLR) continue to hang in around the $120 level and today got a much needed jolt higher above that level with volume.  The move is a little surprising considering Jefferies came out with cautious comments on the company saying they believe they will lower guidance when they report earnings in August.  Jefferies lowered Q2 estimates from $.94 to $.90 (below consensus of $1.00).

===> Click Here For Your FREE First Solar Read the rest

Analyst Reactions To First Solar (FSLR) Earnings

I thought I’d provide a short summary on some of the analyst reactions coming out after First Solar’s (FSLR) earnings report Thursday night.  In light of the half way decent quarter, it’s no surprise that nearly all of the analysts maintained their current ratings on the stock with some obviously remaining more bearish than others.

===> Click Here For Your FREE First Solar Analysis

JP Morgan maintained its Underweight rating and $115 price target.  The … Read the rest

More Analyst Reaction To First Solar (FSLR) Guidance, Generally Neutral/Slightly Bullish

UBS maintains its Buy rating and increases the price target from $150 to $160. The firm increases its 2011 and 2012 EPS estimates from $8.80 and $9.50 to $9.15 and $10.00.

Needham & Company upgraded from Underperform to Hold but indicated the valuation remains rich and investors should focus on solar stocks with lower multiples such as JA Solar (JASO) or LDK Solar (LDK).

JP Morgan raised the price target from $105 to $115.

Jefferies Read the rest

Jefferies Sees Germany Solar Cap Fears As Overblown, Top Picks Are TSL, YGE, SATC, JASO

According to Barrons, Jefferies believes that fears about a slow down in solar business in Germany due to caps on investments in renewable energy are overblown and that Germany is committed to making clean energy 18% of total energy consumption within the next 10 years.

Analyst Jesse Pichel’s visits with officials and companies in the Berlin area indicate that “there will be no German solar cap in 2011, but the [German Environment Ministry] does … Read the rest

Jefferies Says American Superconductor (AMSC) Best China Wind Play, Wells Fargo On Solar Stocks

Jefferies has a Buy rating and a $41 price target on American Superconductor (AMSC) and believes it’s the best wind play in China since its largest customer is Sinovel which is the #1 wind energy company in China.

==> Click Here For Your FREE Daily AMSC Analysis

Wells Fargo is out this morning with several solar calls and is mostly bearish.  They upgraded Yingli Green Energy (YGE) from Market Perform to Outperform citing low production … 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 PerformRead the rest

Analysts Bullish On Several Green Stocks (AMSC, SRCL, WFR, SOLF, STP, FSLR, TSL)

Wunderlich Securities rates American Superconductor (AMSC) a Buy and has a $50 price target which would represent a nearly 70% move up from current levels.  The firm notes that the company has significant cash reserves and no debt.  Shares of AMSC continue to remain in basing pattern and are now testing resistance of the 200 day moving average.

==> Click Here For Your FREE Daily American Superconductor Technical Analysis

Wunderlich is also bullish on shares … Read the rest

Morning Analyst Rating Roundup: MCP, FSLR, TLVT

A few analyst ratings notes to tell you about this morning…

JP Morgan initiates Molycorp (MCP) with Overweight rating and $26.50 price target based on China’s rationing of supplies and raising of rare earth prices.  Molycorp aims to be the biggest miner of rare earth metals in the US which are necessary for everything from electric cars to television screens.  It’s been said that the Toyota Prius uses more rare earth metals than any other … Read the rest

Jefferies Remains Bullish On China Solar – TSL, YGE, JASO, SOLF

Jefferies reiterated its Buy ratings on Trina Solar (TSL), Yingli Green Energy (YGE), JA Solar (JASO) and Solarfun (SOLF) this morning. The firm believes more German & Japanese brands will source modules from China to cut costs.  They believe JASO and SOLF will benefit the most while TSL and YGE may not be willing to manufacture for other brands.  Shares of the China solar stocks are flat to down today after a nice run … Read the rest