Shares of MEMC Electronic Materials (WFR) gapped up this morning on news its subsidiary SunEdison has sold what will be Europe’s largest solar plant to First Reserve for nearly $400 million. The 70MW Rovigo Solar Plant in Northern Italy was co-developed by SunEdison and Banco Santander and SunEdison will remain a minority investor in the project in addition to running the plant. First Reserve has made an initial payment of nearly $60 million and will … Read the rest
Tag Archives: wfr
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.
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Wunderlich is also bullish on shares … Read the rest
MEMC Electronics (WFR) Signs MOU For 400MW In Solar Plants In Korea
SunEdison, a major subsidiary of MEMC Electronic Materials (WFR) has announced that is has signed a non-binding memorandum of understanding with a local government in southeastern Korea for the establishment of up to 400MW in solar plants on public land and rooftops.
===> Click Here A FREE Daily MEMC Electronic Materials Technical Analysis
The government would aid MEMC in securing in locating land and securing the necessary permits. Assuming all goes according to plan, the … Read the rest
Auriga Discusses California’s Proposed Renewable Auction Mechanism (RAM) – FSLR, YGE, TSL, WFR, STP, SPWRA
In recent days, California has proposed legislation that would help kick start smaller scale solar projects (1 – 20MW) using a feed-in-tariff system, but the rates would be set by an open bidding process which would help curb excessive rates for consumers while generating fair returns for the developer. The Renewable Auction Mechanism (RAM) as it’s called is just a proposal at this point, but a final ruling could come within 30 days. It’s likely … Read the rest
Trina Solar (TSL) In 35MW Supply Deal With SunEdison
Trina Solar (TSL) has announced that its US subsidiary will supply MEMC Electronics (WFR) subsidiary SunEdison with 35MW of solar modules for the rest of this year to be used in projects in the US and Europe.
====> Click Here For Your FREE Trina Solar Technical Analysis
“This collaboration once again demonstrates Trina Solar’s ability to partner with leading U.S. solar industry players to create effective PV solutions in the U.S. market,” said Mr. Sean … Read the rest
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
Wunderlich, Credit Agricole Slash WFR Rating, But Ardour Capital Upgrades After Earnings
As I reported last night, MEMC Electronic Materials (WFR) reported disappointing earning results once again sending the stock plummeting today below key resistance around the $10 level. It is currently trading at levels not seen since 2004 and assuming it closes below the $9.51 level today, the next level of support doesn’t come into play until you get closer to $8.
====> Click Here For Your FREE MEMC Electronics Technical Analysis
A few analysts have … Read the rest
MEMC Electronic Materials (WFR) Struggles Again – Misses & Guides Lower
MEMC Electronic Materials (WFR) just can’t seem to get it going. Just when you think they are ready to turn the corner, they turn in another disappointing quarter and today was no exception. Despite a few firms coming out with bullish calls on WFR in recent days (Barclays, Gleacher & Kaufman Bros), the company missed on EPS posting results that were .03 lower than what analysts expected with .06. Revenues misses as … Read the rest
Barclays Upgrades A123 Systems (AONE) & MEMC Electronic Materials (WFR)
Barclays is upgrading two green stocks this morning – both A123 Systems (AONE) and MEMC Electronic Materials (WFR) get upgrades to Overweight from Equal Weight and price targets raised from $12 to $14 and $14 to $16 respectively.
Shares of AONE are trading up about 3% in pre-market trading after successfully clearing important resistance of the 50 day moving average on Friday. Shares of WFR are also trading up about 3% and continue to look … Read the rest
Gleacher Reiterates Buy Ratings On Sunpower (SPWRA) & MEMC Electronics (WFR)
Gleacher & Co. reiterated its Buy ratings on Sunpower (SPWRA) and MEMC Electronic Materials (WFR) today. Hat tip to Street Insider for the analyst comments. The firm has a price target of $19 on WFR which is about 75% above current levels and a $21 price target on Sunpower (SPWRA) which is about 50% above current levels.
On WFR: “WFR is scheduled to report its 2Q10 results on Thursday, July 29, 2010, after the market … Read the rest