EnerNOC (ENOC) reported very strong earnings results this morning, but traders feel much of that is priced in already as the stock is off about 6% on heavy volume. Two analysts came out with opposing views.. ah that’s what makes a market eh? Hat tip to Street Insider for the analyst comments.
Needham & Company reiterated its Buy rating on EnerNOC (ENOC) and $37 price target. “The demand response space is proving to be fundamentally … Read the rest
Auriga has reversed its call after last week’s selling, upgrading SunPower (SPWRA) from Sell to Hold. “Shares of SPWRA are now trading below our price target of $15 and are essentially 1.0x book value of $14.26.” The firm expects the company’s presentation following its earnings report tomorrow to be optimistically bullish. While demand for solar continues to improve, the still believe that margins will erode due to increasing competition and maintain the $15 price target. … Read the rest
Several Analyst rating notes this morning. Hat tip to Street Insider for the analyst commentary.
Soleil Securities maintains Hold on SunPower (SPWRA) and has price target of $21. “Cutting 2010 estimate from $1.50 to $1.30 per share (consensus is $1.45 per share). Introducing below consensus estimate for 2011 ($1.65 per share vs. $2.07 consensus).”
Merriman Curhan Ford reiterates Buy rating on Power One (PWER). “Our recent meeting with senior management continues to reaffirm … Read the rest
This morning an analyst at Wedbush has initiated coverage of several China solar stocks according to Street Insider.
They are the most bullish on Trina Solar (TSL) with an Outperform and $25 price target.
CSIQ, SOLF and YGE get Neutral ratings with price targets of $22, $7 and $11 respectively.
It has some concerns about Suntech (STP) so has an Underperform rating and $10 price target.
“Chinese module manufacturers have been gaining global market … Read the rest
Two noteworthy analyst notes this morning on American Superconductor (AMSC) and Energy Conversion Devices (ENER).
Wedbush maintains its Underperform rating on ENER and is lowering the price target from $9 to $7. Hat tip to Street Insider for the following analyst note:
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“We believe ENER will continue to struggle as oversupply conditions continue and demand for niche products like flexible BIPV remains below expectations. While we … Read the rest