Kaufman Bros. has upgraded MEMC Electronic Materials (WFR) from Hold to Buy and increased the price target from $14 to $15 which would be a more than 40% move from current levels. Hat tip to Street Insider for the analyst comment.
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“All three end markets, semiconductor wafers, solar materials and SunEdison were stronger than anticipated…Valuation is attractive following an approximately 35% decline in the stock … Read the rest
Jesse Pichel, who was formerly at Piper Jaffray, is now at Jefferies and initiating coverage on many green stocks. Hat tip to Street Insider for the ratings.
Buy Rating:
JA Solar (JASO) – $8 price target
Yingli Green Energy (YGE) – $15 price target
Trina Solar (TSL) – $35 price target
Itron (ITRI) – $74 price target
EnerSys (ENS) – $28 price target
American Superconductor (AMSC) – $35 price target
EnerNOC (ENOC) – $38 price … Read the rest
MEMC Electronic Materials (WFR) SunEdison division announced its plans to produce racking equipment for its Canadian solar projects with Samco Solar, a division of Samco Machinery. The partnership will be a big benefit to Samco Machinery which has been hit hard in a tough economy. It will produce 15 – 18 permanent jobs for the company and many more temporary positions. The retooling of the Samco plant has begun and they are expected to begin … Read the rest
JA Solar (JASO) announced this morning that it has won a solar supply agreement with MEMC Electronic Materials (WFR) that has JASO supplying them with high performance solar modules beginning in the third quarter of this year and running through 2012. No word yet on how much will be supplied or the financials of the deal.
===> Click Here For Your FREE JA Solar Analysis
“MEMC is pleased to have selected JA Solar as a … Read the rest
MEMC Electronic Materials just announced that it has completed its acquisition of Solaicx. MEMC paid $66 million cash for the company, plus roughly $1o million to equal recent investments by Soaicx security holders.
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In a press release, Ken Hannah, President of MEMC Solar Materials, commented on the news:
“We are delighted to complete this acquisition and to welcome the employees of Solaicx. The acquisition … Read the rest
The big gorilla Goldman Sachs (GS) has finally begun covering the solar sector and initiated coverage of the US solar sector with a Neutral rating and initiated coverage on a few of the largest solar companies too. Hat tip to Street Insider for the heads up on these ratings this morning.
It begins First Solar (FSLR) coverage with a Buy rating and $150 price target. They view the increased exposure to the US utility scale … Read the rest
SunEdison, a division on MEMC Electronic Materials, just announced that it has been selected by LaSalle Investment Management to develop, finance, build, own, operate, monitor and maintain 2.1 MW worth of PV solar energy systems on LaSalle’s facilities.
The power produced by these systems will be bought by Ontario Power Authority under its feed-in-tariff program. Meanwhile, LaSalle will get lease revenue out of the deal.
====> Click Here For Your FREE MEMC Electronics Technical Analysis… Read the rest
Pacific Epoch posted today that Huantai Silicon Science and Technology suspended its cooperation with Suntech Power (STP) in their Glory Silicon joint venture according to the 21st Century Business Herald which cited Huantai President Wang Lubao. Wang said the company plans to form a joint venture with MEMC Electronic Materials (WFR) to manufacture solar cells.
The article wasn’t real clear as to whether the Glory Silicon project was ditched completely, but that appears to be … Read the rest
SunEdison, a subsidiary of MEMC Electronic Materials, just announced that it has purchased 2 solar PV projects from TransAlta. The projects are located in Ontario, and SunEdison will finance, build, own, operate, monitor and maintain them once they are completed.
The first site will be a 10-MW project under the Renewable Energy Standard Offer Program. The second will be part of Ontario’s Feed-in-Tariff (FIT) program. The Ontario Power Authority will purchase power from both projects.… Read the rest
SunEdison just announced that it has begun producing power from its new 1.1 megawatt rooftop solar system at the Staples fulfillment center in La Mirada, California. This is the 32nd solar power system that Staples has hosted for SunEdison. Staples purchases the power produced by the systems.
In a press release, Jaime A. Smith, vice president of North American sales for SunEdison, commented on the news:
“Our activation with Staples is just the latest … Read the rest