Wells Fargo Offering Solar Finance Promotion $WFC

Wells Fargo & Co. has expanded a promotion designed to make iteasier and more affordable for homeowners to install solar systems.Through the end of the year, qualified Southern California customers who advance funds from a home-equity loan or line of credit in the amountof $15,000 or more to finance a solar energy system for their […] Read more

Wells Fargo Initiates Coverage on JA Solar $JASO

Wells Fargo initiated coverage on JA Solar (JASO) with a MarketPerform rating and price target of $7 – 8. While the firm saysfundamentals remain strong and shares inexpensive, they aren’t willingto rate the company an Outperform due to weaker demand/greater supplypicture going forward.  ====> Click Here For Your FREE JA Solar Daily Technical Analysis Shares […] Read more

Wells Fargo and the Cleantech Open Competition

Wells Fargo & Co., is showing its support forsustainability through its investments in the Cleantech Open and theNational Cleantech group. According to Newsweek magazine’sinaugural "Green Rankings" of the 500-largest US companies, Wells Fargois ranked #1 among banks and insurance companies and No. 13 overall. "Supporting clean technology is a priority for Wells Fargo, because we […] Read more

Wells Fargo Initiates Coverage Of Solar Stocks, PT. 2: $SOLF $YGE $CSIQ

Last night I posted the Well Fargo analyst notes on STP, TSL & SOL as the firm initiatedcoverage of the sector.  This morning I have a few more notes for SOLF,YGE & CSIQ courtesy of Street Insider. Wells Fargo initiates coverage of Solarfun (SOLF) with an Outperform and valuation range of $10-$12.50.  They believethat SOLF […] Read more

Wells Fargo Initiates Coverage Of Solar Stocks: $TSL $STP $SOL

Solar stocks have truly arrived.  Another one of the big boys has initiatedcoverage.  Wells Fargo has initiated coverage on a few China stocks –Trina Solar (TSL), ReneSola (SOL) and Suntech Power (STP).  Hat tip to Street Insiderfor the analyst commentary. ReneSola (SOL) gets an Outperform rating and avaluation range of $9.50 – $12. “Wafer pricing […] Read more

Wells Fargo Upgrades FPL Group

FPL Group (FPL), the largest producer of solar and wind power in theUS, got a Wells Fargo upgrade today from Market Perform to Outperform. Hat tip to StreetInsider.com for the following analyst comment: “We believe shares deserve a premium valuation given a comparativelystrong EPS growth and credit profile and below average earningsvariability due to lower commodity […] Read more

Wells Fargo finances 1 MW SunPower solar power system at UC Merced

Wells Fargo and SunPower Corp. announced that financing has beencompleted on the 1-megawatt solar power system commissioned last monthat the University of California, Merced. SunPower financed thesystem with Wells Fargo through a $100 million sale leaseback financingprogram announced by the companies in June of this year. "SunPoweroffers high performance solar technology and financing expertise thathelps […] Read more

Wells Fargo Jumps On The Cleantech Bandwagon (WFC)

Wells Fargo & Company today announced a new commercial banking group dedicated to supporting clean technology companies. Based in Palo Alto, Wells Fargo’s National Cleantech group willoffer customized commercial banking products and services to businessesthat manufacture, market or develop clean technologies such as solarand wind power, energy and water efficiency, electric and low-emissionvehicles, and smart […] Read more

Wells Fargo Plans for $100M Solar Financing

The bank has agreed tobankroll commercial projects to be built and operated by SunPower. Twoprojects already are underway in California.  Wells Fargo has agreed to finance up to $100 million of solar energy projects to be built and maintained by SunPower. The deal, announced Monday, would fund projects for businesses,universities or government agencies in the […] Read more