Today’s Green Stocks Rating Roundup – SPWRA, ITRI, ENOC, COMV

JMP Securities is bullish on a few green stocks due to an expected increase in electricity demand which the firm sees sparking increased efforts to develop alternative energy solutions.  They see good value in demand response players EnerNOC (ENOC) and Comverge (COMV) as well as US solar company Sunpower (SPWRA) and have an Outperform rating on all three.

===> Click Here For Your FREE Daily Sunpower (SPWRA) Technical Analysis

Analysts have weighed in on Itron (ITRI) following yesterday’s smart grid collaboration announcement with Cisco.

Piper Jaffray is Neutral on Itron (ITRI).  Piper notes that while an IP platform was expected, the fact that it’s partnering with Cisco is a significant positive.  However, utility risk aversion will likely diminish the positive impact for Itron in the near term and so they maintain their Neutral rating and $65 price target.

On the other hand, Jefferies sees major upside potential in shares of ITRI because of the Cisco partnership.  They have a Buy rating and $78 price which is more than 30% higher than current levels.

Canaccord also has a Buy rating on Itron (ITRI) following the Cisco deal and says it significantly improves the effort to commercialize and support IP smart grids. Their price target is $80.

===> Click Here For Your FREE Daily Itron Technical Analysis

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