Following Sunpower’s (SPWRA) earnings report last night, a few analysts are out with calls today and generally bullish. Hat tip to Street Insider for the analyst comments.
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Ardour Capital upgrades from Hold to Accumlate.
“As Fab 3 ramps production in 2011, we look for increasing scale and throughput to begin to narrow the CPW gap. The Company’s UPP pipeline continues to build, and its premium price … Read the rest
Kaufman Bros. has upgraded MEMC Electronic Materials (WFR) from Hold to Buy and increased the price target from $14 to $15 which would be a more than 40% move from current levels. Hat tip to Street Insider for the analyst comment.
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“All three end markets, semiconductor wafers, solar materials and SunEdison were stronger than anticipated…Valuation is attractive following an approximately 35% decline in the stock … Read the rest
Several analyst rating changes today. Analyst notes courtesy of Street Insider.
Upgrades
Ardour Capital upgraded Darling (DAR) from Hold to Accumulate and raised price target to $9.50. Shares up nearly 4% today but still trading below the 200 day moving average. Get a FREE Darling Intl Technical Analysis
Ardour Capital also upgraded Akeena Solar (AKNS) from Hold to Buy and has a $1.25 price target (about 50% higher than the current price) AKNS is … Read the rest
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According to Street Insider, Kaufman Bros has reinstated coverage on First Solar (FSLR) with a Buy rating and has a $140 price target.
The firm calls First Solar “the preeminent stock in the solar space” which should represent a “core holding for investors.” Kaufman notes that a recent sell-off in the stock (about 7% since mid-March) “provides an opportunity to get in at a reasonable, … 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
Before the closing bell yesterday, Kaufman Bros reiterated its Buy rating on Sunpower (SPWRA) despite the accounting issues weighing on the stock. You have to admire Kaufman’s conviction when every other analyst immediately issued sell ratings. I think it’s too soon to be jumping in to SPWRA, but once this blows over, it could offer one heck of a long term entry point.
Here are the analyst notes courtesy of StreetInsider.com
“SunPower announces accounting irregularities … Read the rest
Last night American Superconductor (AMSC) announced a big $100 million follow on order from Sinovel and Kaufman Bros likes the news. The firm is upgrading the stock from Hold to Buy and raising the price target to $36.
Hat tip to StreetInsider.com for the following analyst comment:
“Yesterday AMSC announced its largest customer, Sinovel, had placed a follow-on order for $100 million in electronics for its new 3MW wind turbine. The electronics will ship beginning … Read the rest
Kaufman Bros. is downgrading CREE from Buy to Hold based on valuation.
Hat tip to StreetInsider.com for the following analyst comment:
“Given the optimism in the market, we would not be surprised to see Cree shares climb higher, but the stock has reached our target and we would recommend investors remain on the sidelines until the shares present a better buying opportunity. CREE shares are now trading at 4x tangible book and 48x our calendar … Read the rest