Tag Archives: upgrades
California Upgrades its Net Metering Policy
California’s solar industry scored a significant policy victory with the passage of AB 510,which raises the requirement on the state’s electric utilities to “netmeter” customer-sited solar systems to 5% of a utility’s annual peakdemand from 2.5%. Net metering is an accounting practice for customer-generationsystems – primarily used with solar PV – that addresses the real [...]
Brigantine Advisors Upgrades First Solar (FSLR) To Buy Ahead Of Earnings $fslr
The analysts are tripping over themselves to make a call on FirstSolar (FSLR) ahead of earnings tonight. Add Brigantine Advisors tothat list. The firm has upgraded First Solar (FSLR) to Buy and set theprice target at $145 per share. Hat tip to Street Insider for thefollowing analyst comment: “News out of the solar sector has [...]
Jefferies Out With Solar Upgrades
According to StreetInsider.com, Jefferies is out with several solar upgrades following the two week plunge. SunPower (SPWRA)upgraded from Hold to Buy, but price target lowered from $30 to $29.Shares are up 2.5% to $21.75 this morning. Shares are up about 3% inpremarket trading. Suntech (STP) upgraded from Underperform to Hold with a $12 target. Shares [...]
Upgrades For STP, SPWRA, and AMAT
A few solar upgrades to report this morning… Suntech Power (STP) was raised to Neutral from Underperform by Macquarie. Shares are up about 3% on the upgrade. Sunpower (SPWRA) was upgraded by Europe’s SocGenfrom Hold to Buy and raised the price target from $29 to $31.movingthis morning as we have an analyst upgrade over at [...]
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 [...]
Solar Sector Up on Upgrades, EPA Greenhouse Gas Ruling
Shares of solar energy stocks were up Monday, as the U.S.Environmental Protection Agency (EPA) declared greenhouse gases (GHGs)a danger to public health and an analyst upgraded a number of solarcompanies. In April, the EPA had announced a proposed finding, stating that thesix main GHGs endanger public health and welfare. (For more discussionof that announcement and [...]
Collins Stewart Upgrades First Solar (FSLR) To Buy, $160 Price Target
Collins Stewart upgraded First Solar (FSLR) from Hold to Buy this morning and has a price target of $160. Hat tip to StreetInsider.com for the following analyst comments: The firm notes that its downgrade in March was “due to concerns thatits CY10 EPS was at risk due to impending module price cuts and itssignificant valuation [...]
Pacific Crest Upgrades SunPower (SPWRA)
Pacific Crest is out upgrading SunPower (SPWRA) this morning toOutperform and raised the price target to $29, saying the recentaccounting debacle has created a unique buying opportunity. Hat tip to StreetInsider.com for the following analyst comment: “There is considerable risk inherent in our call because the resultsof the accounting investigation have not been announced. However, [...]
Suntech (STP) and American Superconductor (AMSC) Get Upgrades
The good news keeps rolling in for American Superconductor (AMSC)with a couple new orders and upgrades in the last week or so, but thestock doesn’t seem to want to move much on the news. Perhaps today itcan get going on an upgrade from Needham from Hold to Buy. The firmhas a $40 price target on [...]