According to Barron’s, there are a few analyst calls in the solar space this morning and it’s a bit mixed, but leaning towards the bullish side.
Raymond James
Energy Conversion Devices (ENER) gets a downgrade from Market Perform to Underperform. The firm sees the market for amorphous silicon as bleak and not a viable technology in the long run. Shares are down 6% today but hanging in there above support of the 50 day moving … Read the rest
Two firms are out this morning upgrading Sunpower (SPWRA) which has been crushed this year. Hat tip to Street Insider for the analyst comment.
====> Click Here For Your FREE Sunpower Technical Analysis
Soleil Securities upgraded from Hold to Buy.
“Checks indicate that a large volume of system development business in the PV sector is going to be finalized in the fourth quarter of this year. We believe SunPower will generate over 90 cents per … Read the rest
I’ve been saying for awhile now that Evergreen Solar (ESLR) is a good candidate for going out of business or being bought out at fire sale prices. Nothing has changed. The company still burns through cash and is months away from getting manufacturing operations going at full speed in China. Time is running out and the first step to extinction is a delisting from the Nasdaq.
====> Click Here For Your FREE Evergreen Solar Analysis… 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
A few minutes ago AMSC received yet another upgrade and it still isn’t budging much! Over the past couple months the company has made some bullish announcements and received upgrades from several analysts, but the stock is having a tough time getting going again. It continues to work on carving out a new base and making its way up the right side though.
Raymond James also came out minutes ago with an upgrade of the … 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
Here’s a rundown of today’s analyst notes on several solar names according to StreetInsider.com
Downgrades
– Raymond James downgrades Suntech Power (STP) from Strong Buy to Outperform and has price target of $15
– FBR downgrades GT Solar (SOLR) from Outperform to Market Perform
– Credit Suisse downgrades JA Solar (JASO) from Outperform to Neutral
– Wedbush Morgan downgrades SunPower (SPWRA) from Strong Buy to Buy and slashed the price target from $100 to $32. … Read the rest