FPL Group (FPL), the largest producer of solar and wind power in the US, got a Wells Fargo upgrade today from Market Perform to Outperform. Hat tip to StreetInsider.com for the following analyst comment:
“We believe shares deserve a premium valuation given a comparatively strong EPS growth and credit profile and below average earnings variability due to lower commodity price sensitivity…We project 5-year annual EPS growth of 7-8% (off a 2008 ongoing EPS base of … Read the rest
Shares of ReneSola (SOL) will finally surge above resistance of the 200 day moving average this morning after Morgan Stanley came out and upgraded the stock from Equalweight to Overweight and tripled the price target from $2.30 to $6.60.… 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
Deutsche Bank is upgrading SunPower (SPWRA) to Buy this morning and raising the price target from $28 to $31.
Hat tip to StreetInsider.com for the following analyst comment:
“We are upgrading SunPower to Buy based upon earnings power (valuation), anticipated industry growth, and SunPower’s market position. We were disappointed with the company’s 3Q09 margin performance, and while we believe margin improvement can come as factory utilization climbs in 4Q09 and through 2010, we have chosen … Read the rest
JANCO Partners upgraded American Superconductor (AMSC) from Market Perform to Accumulate ahead of its earnings report on Thursday.
Hat tip to StreetInsider.com for the following analyst comment:
“In view of the recent pullback in the stock price and continued momentum of the Chinese wind market benefiting AMSC, we are upgrading the stock to Accumulate. We believe that the company has a reasonable chance of outperforming Street expectations given that Sinovel accelerated their ramp schedule of … Read the rest
JANCO Partners upgraded Sunpower (SPWRA) this morning from Accumulate to Buy because they believe the sell off after earnings is overdone.
Hat tip to StreetInsider.com for the following analyst comment:
“We are upgrading the stock to a Buy rating based on the upside potential in the stock given the recent pullback since the company announced earnings on 10/22/2009. With the pullback the stock is currently trading at 14.9X our FY2010 EPS estimate of $1.82, which … Read the rest
Deutsche Bank is out this morning upgrading Itron (ITRI) to Buy and raising the price target to $70.
Hat tip to StreetInsider.com for the following analyst comment:
“We encourage investors to accumulate shares as we believe 1) sentiment and forward est’s will trough within the next month, 2) there are numerous positive catalysts on the horizon and 3) Itron’s valuation is attractive (14.5x CY11 EPS). While there is risk to the Street’s 3Q est, we … Read the rest
Last night American Superconductor (AMSC) announced a big $100 million follow on order from Sinovel and Kaufman Bros likes the news. The firm is upgrading the stock from Hold to Buy and raising the price target to $36.
Hat tip to StreetInsider.com for the following analyst comment:
“Yesterday AMSC announced its largest customer, Sinovel, had placed a follow-on order for $100 million in electronics for its new 3MW wind turbine. The electronics will ship beginning … Read the rest
Goldman Sachs is out giving Renesola (SOL) shares a boost by upgrading the stock from Neutral to Buy and adding it to its conviction buy list. Goldman likes Renesola’s cost structure and its exposure to the BRIC countries which the firm believes will be a source of big growth. Shares of SOL are trading up about 15% in premarket.
Merriman Curhan Ford is upgrading Cree Inc (CREE) from Neutral to Buy this morning, saying the LED outlook is getting brighter.
Hat tip to StreetInsider.com for the following analyst comment:
“Cree recently raised its June quarter outlook and we believe the company could meet or exceed the high end of its recently revised guidance. LEDs are rapidly replacing CCFLs in TV backlighting and quickly gaining acceptance in the general lighting market that is benefiting Cree … Read the rest