The number of bearish solar analysts have been growing lately with many of them concerned about supply rapidly outpacing demand for 2011, but I’d have to agree with Motley Fool that if you believe anything the CEO’s of the solar companies are saying, demand will continue to be strong. Granted, many of these solar firms are continuing to ramp capacity at an extraordinary pace, which exposes them to significant risk. I’m probably somewhere in the … Read the rest
Tag Archives: spwra
Sunpower (SPWRA) Beats By Wide Margin, But Is It Enough?
Sunpower (SPWRA) has announced earnings results after the bell today that doubled the analyst estimates on the EPS side at .26/share on revenues of $550 million vs the analyst estimate for $471 million. While that’s a big bump over the average estimate it’s not impressive when compared to the year ago quarter when the company reported .46 EPS. I just don’t think the quarter is going to be enough for another big leg up in … Read the rest
SunPower (SPWRA) To Partner With CO Springs Utilities On 6MW Plant
SunPower just announced that they will be partnering with Colorado Springs Utilities to build a 6MW solar power plant at the U.S. Air Force Academy. It should be up and running by 2011, and will remove approximately 9,400 tons of CO2 from the atmosphere each year.
===> Click Here For Your FREE Sunpower Technical Analysis
In a press release, Jim Pape, president of SunPower’s residential and commercial business group, commented on the news:
“The … Read the rest
Sunpower (SPWRA) & Iberdrola Renewables Partner On 30MW Colorado Solar Plant
SunPower (SPWRA) and Iberdrola Renewables have announced plans to partner on a 30MW solar plant on 216 acres of private land in Colorado which is expected to come online by the end of next year. The plant will be owned and operated by Iberdrola and use Sunpower’s E19 solar panels mounted to the Suntracker systems to maximize efficiency. The electricity generated will be sold under a long term contract to Xcel Energy (XEL).
::: Click … Read the rest
Deutsche Not Bullish On US Solar (WFR, SPWRA); Sterne Agee Says LED Pricing Stable
Yesterday, Deutsche Bank posted some positive comments on the China solar stocks, upgrading Suntech (STP) to Buy and reiterating buys on TSL, SOL and YGE. This morning they are weighing in on two of the big US solar plays MEMC Electronic Materials (WFR) and Sunpower (SPWRA) and aren’t as bullish. They have slashed the price target on WFR from $18 to $15 and the price target on SPWRA from $25 to $17 due to … Read the rest
Solar Stocks Ratings Rundown (STP, ENER, FSLR, SPWRA)
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
Green Stocks Ratings Roundup (ITRI, AMSC, SPWRA)
Barclays came out with a few calls yesterday, maintaining its Equalweight rating on both Itron (ITRI) and American Superconductor (AMSC).
The firm has a $70 price target on ITRI which is about 15% higher than the current price. They are raising 2010 estimates from $3.35 to $3.65 and 2011 estimates from $3.67 to $4.06. Shares of ITRI are increasingly bullish in recent weeks, getting back above resistance of the 50 day moving average. In my … Read the rest
Canaccord Bullish On JASO, Downgrades STP, SPWRA
Canaccord Genuity is out with a few ratings changes in the solar space.
The firm has upgraded JA Solar (JASO) from Hold to Buy and raised the price target nearly 50% to $11. Shares are falling another 3% today despite the upgrade indicating the stock is a bit tired following a torrid run.
==> Click Here For Your FREE Daily JA Solar Technical Analysis
Both Suntech (STP) and Sunpower (SPWRA) were downgraded from Hold to … Read the rest
Hapoalim Securities In Barrons: Generally Bearish For 2011 (STP, FSLR, YGE, SPWRA, TSL)
Barrons interviewed Aaron Chew of Hapoalim Securities and discussed the solar industry. Here are some highlights.
– Highlights the significant incentive cuts across Europe which will slow demand.
– Sees big growth in solar in Italy (23%), US (45%) and China (100%) for next year, but declining or flat growth in key markets such as Germany.
– Tight supply should be begin loosening up
– Sales pricing should decline 18 – 24%
– More difficult … Read the rest
Piper Jaffray Bullish On Solar, Initiates More Coverage; Sunpower (SPWRA) Downgraded By Soleil
Piper Jaffray initiated coverage on several solar stocks last night and is generally bullish with 9 Overweights and a few Neutral ratings. Most of the price targets are way above the current prices. Here’s the run down…
Overweight:
First Solar (FSLR) with 200 price target.
Renesola (SOL) with 20 price target.
Yingli Green Energy (YGE) 14 PT.
LDK Solar (LDK) 12 PT
SatCon Technology (SATC) 5 PT
Trina Solar (TSL) 35 PT
SunPower (SPWRA) 20 … Read the rest