Tag Archives: jpm

MEMC Electronic Materials (WFR) To Deploy 30MW In Utility Scale Solar Plants In Texas

MEMC Electronic Materials (WFR) subsidiary SunEdison will deploy utility scale solar plants in Texas through a contract with CPS Energy and combined it’s expected to be one of the largest solar facilities in the state.  SunEdison will build, own and operate three solar plants totaling 30MW which will help CPS Energy achieve its renewable energy target of 20%.  Construction will begin next year.  No word on the financials of the deal.

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JP Morgan, Goldman, Deutsche Initiate Coverage On Tesla (TSLA)

A few big firms are out with coverage on Tesla (TSLA) this morning.  Hat tip to Street Insider for the analyst comment from Deutsche. 

J.P. Morgan (JPM) initiated coverage on Tesla Motors (TSLA) with an Overweight rating and price target of $25.

Goldman Sachs (GS) initiated coverage with a Neutral rating and $21 price target.

Deutsche Bank initiated coverage with a Hold rating and $17 price target.
“We believe that Tesla’s deep technical talent, head-start … Read the rest

JP Morgan Upgrades Evergreen Solar (ESLR), Doubles Price Target; Downgrades First Solar (FSLR)

According to 24/7 Wall St, JP Morgan (JPM) is out with several solar ratings changes this morning, most notably an upgrade of Evergreen Solar (ESLR) two notches to Overweight with a doubling of the price target to $5/share.  Shares are trading up about 6% in premarket trading.  First Solar (FSLR) continues to get hit with cautious analyst comments and downgrades with JP downgrading it this morning from Overweight to Neutral due to a fear … Read the rest