Hat tip to StreetInsider.com for the following upgrade/downgrade notes:
Hapoalim downgrades Suntech Power (STP) to Sell with a $9 price target, citing escalating solar module price war.
The firm said, “Evidenced by Ersol’s recent decision to adjust the mid-point of its CY09 EBIT guidance to “negative” vs. +12% before (due to a “sig. drop in prices of solar modules”), we believe “Tier 1” module vendors are beginning to react to price aggression by Chinese solar … Read the rest
Hat tip to StreetInsider.com for this report:
Trinity Industries (TRN) is getting an upgrade from Hold to Buy and Kaydon (KDN) gets a price target upgrade from $36 to $44 by Key Banc after the firm attended the American Wind Energy Association show in Chicago.
KeyBanc analyst says, “After recently attending the American Wind Energy Association’s show in Chicago, we are much more enthusiastic about the wind story for 2010, and we are upgrading our … Read the rest
.. and that’s the positive. Trinity Industries (TRN) reported awful earnings after the bell today but you wouldn’t know it by looking at the press release headline: Trinity Reports Solid 4th Quarter Results. You wouldn’t know it by reading the comments of the CEO either: “Our fourth quarter results demonstrated the positive aspects of the diversification of our portfolio of businesses during a tough economy.” Oh yeah?
Here are the facts:
The company matched analyst … Read the rest
Trinity Industries (TRN) who has a wind tower business that generates about 10% of revenues reported strong results after the bell today, posting earnings of 1.06/share which smashed estimates of .83/share. Revenues came in below estimates at 945.5 million (about 20 million below) but shares are up after hours anyway on that EPS number.
Last Sunday, Barrons said TRN could hit $48/share on demand for wind generated electricity.
Trinity’s wind-energy backlog ballooned … Read the rest
In his mad money TV show Tuesday, Cramer says “I think Thursday will be a landmark day for wind power”. Why Thursday, because coming Thursday Texas Public Utility Commission makes an important ruling that will significantly boost wind power in the state. Also at 4 cents per kilowatt, Cramer says wind energy is the cheapest form of renewable energy.
… Read the restThis proposal/ruling will create 8 renewable energy zones in the state, which will provide much