Tag Archives: oppenheimer

Cree Inc (CREE) Surging On Bullish Analyst Calls

Cree Inc (CREE) has had quite a run off the bottom in recent weeks and the run continues this morning with the stock up about another 7% on a few bullish calls. 

Morgan Keegan upgraded the stock from Market Perform to Outperform and raised the price target from just $48 to $75 a few days ago.  They said the headwinds are dissipating and than the supply/demand balance will be gone by the end of this … 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

Oppenheimer On Duoyuan Global Water (DGW): "Dead Money"

Oppenheimer is out this morning with some comments on Duoyuan Global Water (DGW), which plunged over 40% yesterday.  The firm believes the corporate governance concerns will continue to weigh on shares of DGW and despite the big price drop, shares will be dead money until confidence is restored.  They are bullish on China’s water treatment industry, but rising expenses will be another drag on DGW and pressure its bottom line.  They remain on the sidelines … Read the rest

Today’s Analyst Ratings Roundup: Upgrades Of SPWRA, ERII, RBCN, ITRI, BWA

Auriga has reversed its call after last week’s selling, upgrading SunPower (SPWRA) from Sell to Hold.  “Shares of SPWRA are now trading below our price target of $15 and are essentially 1.0x book value of $14.26.”  The firm expects the company’s presentation following its earnings report tomorrow to be optimistically bullish.  While demand for solar continues to improve, the still believe that margins will erode due to increasing competition and maintain the $15 price target.  … Read the rest

Oppenheimer Roundup On Solar Stocks: STP, YGE, CSIQ, FSLR, SPWRA, SOLF

I mentioned the Oppenheimer upgrade of Suntech Power (STP) this morning on Green Stocks @Twitter, but the firm has rating and price target updates on other solar stocks as well.  Hat tip to Street Insider for the heads up.

Bullish on Yingli Green Energy (YGE) and gets upgrade from Outperform to Perform and $17 price target (about 30% higher).  Want more YGE analysis?

Downgrades Canadian Solar (CSIQ) from Outperform to Perform and lowered and … Read the rest

FSLR, SPWRA Get Merriman Buy Ratings; YGE Upgraded By HSBC, APWR Initiated At Outperform

Some positive analyst ratings are out this morning.  Here’s the rundown:

Hat tip to StreetInsider.com for the analyst comments.

First Solar (FSLR) gets a Buy rating from Merriman Curhan.  The firm says, “First Solar is a leading provider of thin film solar technology primarily serving the power utility market and continues to command cost leadership at $0.87/watt vs. its silicon-base solar peer group at $2.50/watt. Solar is rapidly becoming a critical alternative energy solution … Read the rest

FBR Upgrades Sunpower (SPWRA); Oppenheimer Downgrades MEMC Electronics (WFR)

Here are some analysts calls on SPWRA and WFR following last nights earnings reports.

FBR upgraded Sunpower (SPWRA) from Market Perform to Outperform and doubled the price target from $20 to $40.  The firm noted that while while earnings were a mixed (beat on revenues, but lower margins), the upgrade is driven by increased business prospects in the rooftop solar market, which SPWRA’s will capitalize on.   They expect funding for larger ground mounted systems … Read the rest

Oppenheimer: "Expect Big Q3 Out Of Canadian Solar (CSIQ)"

Notable Calls is out with a post this morning saying that Oppenheimer is raising their price target on Canadian Solar (CSIQ) following the Intersolar trade show.  While cautious on solar overall, they believe CSIQ is positioned well with a low cost structure, allowing the company to price aggressively and take market share.  The firm is raising the price target from $14 to $19.  They’re also increasing 2009/2010 revenue and EPS estimates to $476/.28 and $655/1.05 … Read the rest

Upgrades/Downgrades: HOKU, VSE, ESLR

A few upgrades and downgrades to tell you about today..

Evergreen Solar (ESLR) upgraded from Sell to Hold by Citi
“With ESLR more clearly defining its exposure to a Lehman Bros. bankruptcy, the worst-case scenario is now well defined. The primary issue is dilution as ESLR might not recover funds on the issuance of ~30MM shares to LEH as part of a share lending agreement. Although ESLR may also be out the ~$40MM it has … Read the rest