This morning Think Equity has upgraded JA Solar JA Solar (JASO) from Hold to Buy and upgraded Suntech Power (STP) from Sell to Hold. JASO is moving up 2% in premarket trading while STP is down a bit. Get a free trend analysis for JASO and STP.
On the LED front Merriman Curhan Ford is reiterating its Buy rating on Veeco Instruments and raised the price target range about 30% to $54-66. Says Merriman, … Read the rest
ThinkEquity & Merriman Curhan Ford are out with downgrades of First Solar following earnings.
ThinkEquity downgrades from Buy to Hold
Merriman Curhan Ford downgrades from Buy to Neutral. “We are downgrading to Neutral given the uncertain business outlook in 2H10 despite a strong 4Q09 and management reaffirming its 2010 earnings guidance. Solar module makers are expected to face revenue and margin volatility as a result of changing conditions in overcapacity and FiT policies. (We would … Read the rest
There were a few upgrades and downgrades of green stocks today, particularly in the solar space that I wanted to run through tonight.
Macquarie made a few calls in the solar space worth mentioning:
Yingli Green Energy (YGE) was upgraded from Neutral to Outperform. Shares finished up more than 5% and bounced off the 50 day moving average.
Sunpower (SPWRA) was upgraded from Underperform to Neutral. Shares finished up nearly 7% today and are nearing … Read the rest
Here are some analyst reactions to Energy Conversion Devices (ENER) today following last nights earnings warning. Hat tip to StreetInsider.com for the following analyst notes..
* Merriman Curhan Ford downgrades from Buy to Neutral
“While we continue to believe ECD has compelling and differentiated technology that can resist the pricing pressure caused by the glut of global module supply, the company is certainly not immune the to dismal credit markets. Data from California’s Solar … Read the rest