Auriga posted a few more solar calls recently. This morning they initiated coverage of ReneSola (SOL) with a Buy rating and a $20 price target which is more than double the current level ($8.40). The believe sentiment is overly negative on this China solar leader. The firm notes that SOL benefits whether poly prices stay high (by focusing on wafering operations) or if module prices move lower (by sourcing more modules with its low cost … Read the rest
Tag Archives: tsl
Trina Solar (TSL) Beats By Wide Margin, Raises Guidance, But Not Enough
Trina Solar (TSL) as expected has posted impressive Q3 results this morning, but it’s not enough and the stock is trading down more than 5%. The company reported an an EPS of $1.08/share which is well ahead of the analyst estimate of .87/share on revenues of $508 million vs the analyst estimate of just $420 million. Solar shipments came in much better than the previous estimate of 250 – 260MW at 290MW and gross margins … Read the rest
Auriga Maintains Buy On Trina Solar (TSL) Heading Into Earnings, Sees Big Upside Surprise
Auriga is out this morning maintaining its Buy rating and raising the price target to $38 on Trina Solar (TSL) ahead of its earnings report next Tuesday. They believe the company has been selling at higher prices and higher volumes than the Street predicts to finish out 2010 and that 2011 will be stronger than expected as well.
==> Click Here For Your FREE Daily Trina Solar Technical Analysis Report
The firm believes the company … Read the rest
Credit Suisse Has Solar Supply Concerns, Downgrades SOLR, TSL, SOL, FSLR, JASO, STP
According to Barron’s, Credit Suisse is out this morning downgrading several solar stocks due to concerns about oversupply and softening demand next year. Analyst Satya Kumar sees new capacity of 2GW/month this quarter with an overall increase of 50% next year while demand remains flat. As a result, pricing could decline quicker than expected.
He’s downgrading six solar stocks, all of which are under pressure today.
Outperform ==> Neutral: First Solar (FSLR), Trina Solar … Read the rest
Hapoalim Remains Cautiously Bullish On China Solars (TSL, YGE)
Hapoalim Securities is raising its 2010 and 2011 estimates on Trina Solar (TSL) and is raising the price target from $21 – $27 driven by firm pricing, a rebounding Euro and lower input costs. Shares of TSL were hit hard on Friday with heavy volume, but held support at the 200 day moving average and our recovering a bit today.
===> Click Here For Your FREE Daily Trina Solar Technical Analysis
Hapoalim is also raising … Read the rest
Analysts Bullish On Several Green Stocks (AMSC, SRCL, WFR, SOLF, STP, FSLR, TSL)
Wunderlich Securities rates American Superconductor (AMSC) a Buy and has a $50 price target which would represent a nearly 70% move up from current levels. The firm notes that the company has significant cash reserves and no debt. Shares of AMSC continue to remain in basing pattern and are now testing resistance of the 200 day moving average.
==> Click Here For Your FREE Daily American Superconductor Technical Analysis
Wunderlich is also bullish on shares … Read the rest
Analyst Ratings Review: TSL, STP, LDK, YGE, DGW, SQM
There have been a few analyst calls in the past couple days I want to review here, mostly in the solar space.
Upgrades/Bullish
Yesterday, Trina Solar (TSL) was added to Morgan Stanley’s Long Research Tactical Idea list and initiated with a Buy over at Soleil, saying the firm has one of the strongest balance sheets in the industry. The stock moved a bit yesterday on the bullish calls, but really took off today, up another … 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
Jefferies Remains Bullish On China Solar – TSL, YGE, JASO, SOLF
Jefferies reiterated its Buy ratings on Trina Solar (TSL), Yingli Green Energy (YGE), JA Solar (JASO) and Solarfun (SOLF) this morning. The firm believes more German & Japanese brands will source modules from China to cut costs. They believe JASO and SOLF will benefit the most while TSL and YGE may not be willing to manufacture for other brands. Shares of the China solar stocks are flat to down today after a nice run … Read the rest