Tag Archives: wedbush morgan

Analyst Rating Roundup: AMAT, WFR, ITRI, GPRE

A couple more firms have come out with notes on Itron (ITRI) after it was rumored that Siliver Springs Networks will win the BG&E deal, not Itron.  Hat tip to Street Insider for the analyst comments.

Wedbush is downgrading Itron from Outperform to Neutral and is also cutting the price target from $85 to $62.  “The loss of BG&E to SSN suggests continued headwinds for Itron’s backlog growth, lowers Itron’s general credibility with existing … Read the rest

Wedbush Reiterates Outperform On Clean Harbors (CLH): "Leading Environmental Clean Up Company"

Wedbush reiterated its Outperform rating on Clean Harbors (CLH) and raised the price target from $72 to $76. The firm calls Clean Harbors “A leading emergency response/environmental clean-up company” in regards to the crisis in the Gulf of Mexico. Hat tip to Street Insider for the following analyst comments:

===> Click Here For Your FREE Clean Harbors Analysis

The firm remains “confident in the long run investment thesis”, as gradual improvement in “economic activities is … Read the rest

Analyst Rating Roundup On SunPower (SPWRA)

Several analyst ratings announcements and notes on Sunpower (SPWRA) following its earnings report to cover this morning… Hat tip to Street Insider for the analyst comments.

===> Click Here For Your FREE Sunpower Trend Analysis

Citi maintains its Sell rating and lowered the price target from $15 to $12.  “In the very near-term, SPWRA has dramatically underperformed peers like First Solar (FSLR) (~3500bps in the past 7 weeks), thus hard to be overly negative even … Read the rest

Wedbush Morgan Initiates EnerNOC (ENOC) At Neutral: "Slow Traction In Energy Management Biz"

Wedbush Morgan initiated coverage on EnerNOC (ENOC) this morning with a Neutral rating and price target of $25.  Hat tip to Street Insider for the analyst comment.

“Demand response is undergoing rapid market evolution, with significant changes to contract and auction procedures, which could both positively and negatively impact the outlook. Slow traction in EnerNOC’s energy management business after allocation of significant resources raises valid questions about the company’s ability to serve this market, or … Read the rest

Analysts React To First Solar (FSLR) Guidance: Most Cautious, But Hold Ratings

The StreetInsider.com has a great run down of analyst reactions to First Solar’s (FSLR) guidance last night.  The company guided higher and announced significant expansion plans over the next two years.  The following is reprinted with permission.

Piper Jaffray: “While strong 2010 top-line guidance and newly announced capacity expansion are positives, a substantially higher mix of lower margin systems business is expected to prevent both margin and EPS expansion in 2010. FSLR remains the … Read the rest

Wedbush Downgrades First Solar (FSLR) To Neutral, Cuts Price Target By $50

Wedbush is downgrading First Solar (FSLR) this morning from Outperform to Neutral and cutting the price target from $170 to $120.

Hat tip to StreetInsider.com for the following analyst comment:

“We are downgrading First Solar to Neutral based on declining margin profile. Revenue falls short of consensus by $48 million due to the delayed revenue recognition for the Sarnia project. Significant manufacturing capacity expansion is not expected until at least 2011. We believe the modest … Read the rest

Wedbush Morgan Maintains Neutral On Sunpower (SPWRA), Raises Price Target

Wedbush Morgan is out this morning maintaining its Neutral rating on SunPower Corporation (SPWRA), but raising its price target from $25 to $33.

Hat tip to StreetInsider.com for the following analyst comment:

“We expect systems revenue will accelerate in 2010 as larger PV projects move forward. Given the company’s 2010 project pipeline, we expect to see a significant uptick in systems revenue next year. We note that the 250 MW project for PG&E is expected … Read the rest

More Smart Grid Analyst Calls: Itron (ITRI) A Buy, Echelon (ELON) At Outperform

I missed the Itron (ITRI) Buy rating from Brean Murray and should have included it in the last post along with the other smart grid calls.  The firm has initiated this smart grid leader with a Buy rating and 12 month price target of $65/share.  Despite delays in the federal stimulus rollout, they still believe the company is on track for solid growth in 2010.

Itron has begun to show some life and is now … Read the rest

Wedbush Morgan Defends First Solar Too; "Negative Barrons Article Unwarranted"

Last night I posted about Jefferies analyst Paul Clegg defending First Solar (FSLR) following the negative piece on the company in Barrons.  This morning, Wedbush Morgan is out defending the company as well, assuming coverage at an Outperform with a price target of $190.

Hat tip to StreetInsider.com for the following analyst comment:

“Negative article in Barron’s is unwarranted, in our opinion. Investor concerns over the rebate program in Germany are overdone. in our opinion. … Read the rest

Analysts Mixed On First Solar (FSLR): ThinkEquity & Credit Suisse Downgrade, Wedbush Lifts Price Target

Analysts have been, for the most part, negative on First Solar this morning which is why the stock continued to slide in pre market trading.  It has stabilized though and holding steady in the 155 – 157 range.  I wouldn’t be surprised to see a retest of the 150 before this is all said and done, particularly if this market ever goes into a meaningful correction.  That would provide another great place to add a … Read the rest