Canadian Solar Inc. (NASDAQ:CSIQ), Progenics Pharmaceuticals, Inc. (NASDAQ:PGNX), Double Eagle Petroleum Co. (NASDAQ:DBLE), GTX, Inc. (NASDAQ:GTXI), Waterstone Financial (NASDAQ:WSBF), Primo Water Co. (NASDAQ:PRMW), Westmoreland Coal (NASDAQ:WLB) and American Superconductor Co. (NASDAQ:AMSC) were the top winners on the NASDAQ Tuesday.
Canadian Solar Inc. (CSIQ) ended up 34.39 percent, closing at $2.97. They traded in a range of $2.67 to $3.13. A total of 3,277,266 shares changed hands.
Progenics Pharmaceuticals, Inc. (PGNX) ended up 31.17 percent, closing at $8.50. They traded in a range of $7.31 to $8.69. A total of 1,784,744 shares changed hands.
Double Eagle Petroleum Co. (DBLE) ended up 19.01 percent, closing at $7.20. They traded in a range of $6.43 to $7.75. A total of 493,323 shares changed hands.
GTX, Inc. (GTXI) ended up 16.22 percent, closing at $3.01. They traded in a range of $2.62 to $3.02. A total of 146,498 shares changed hands.
Waterstone Financial (WSBF) ended up 15.56 percent, closing at $2.08. They traded in a range of $1.80 to $2.08. A total of 21,693 shares changed hands.
Primo Water Co. (PRMW) ended up 15.38 percent, closing at $3.00. They traded in a range of $2.68 to $3.03. A total of 480,304 shares changed hands.
Westmoreland Coal (WLB) ended up 14.60 percent, closing at $12.40. They traded in a range of $11.05 to $12.40. A total of 42,137 shares changed hands.
American Superconductor Co. (AMSC) traded up 14.29 percent, closing at $4.00. They traded in a range of $3.55 to $4.02. A total of 857,933 shares changed hands.
Showing posts with label Canadian Solar. Show all posts
Showing posts with label Canadian Solar. Show all posts
Wednesday, December 21, 2011
Monday, November 28, 2011
Ryder (R) (RIMM) (CSIQ) (SAN) (CNH) (CRM) Ratings, Price Targets
Ryder System, Inc. (R), Research In Motion (RIMM), Canadian Solar Inc. (CSIQ), Banco Santander-Chile (SAN), CNH Global (CNH) and Salesforce.com (CRM) ratings and price targets.
SunTrust (NYSE:STI) downgraded Ryder System, Inc. (R) from a “Buy” rating to a “Neutral” rating.
Sterne Agee downgraded Research In Motion (RIMM) from a “Buy” rating to a “Neutral” rating.
Deutsche Bank (NYSE:DB) upgraded Banco Santander-Chile (SAN) from a “Hold” rating to a “Buy” rating. They have a price target of $85.00 on the company.
Piper Jaffray (NYSE:PJC) reiterated its “Overweight” rating on CNH Global (CNH). They have a price target of $51.00 on the company.
Needham & Company upgraded Salesforce.com (CRM) from a “Hold” rating to a “Buy” rating. They have a price target of $125.00 on the company.
Collins Stewart reiterated its “Neutral” rating on Canadian Solar Inc. (CSIQ).
SunTrust (NYSE:STI) downgraded Ryder System, Inc. (R) from a “Buy” rating to a “Neutral” rating.
Sterne Agee downgraded Research In Motion (RIMM) from a “Buy” rating to a “Neutral” rating.
Deutsche Bank (NYSE:DB) upgraded Banco Santander-Chile (SAN) from a “Hold” rating to a “Buy” rating. They have a price target of $85.00 on the company.
Piper Jaffray (NYSE:PJC) reiterated its “Overweight” rating on CNH Global (CNH). They have a price target of $51.00 on the company.
Needham & Company upgraded Salesforce.com (CRM) from a “Hold” rating to a “Buy” rating. They have a price target of $125.00 on the company.
Collins Stewart reiterated its “Neutral” rating on Canadian Solar Inc. (CSIQ).
Friday, August 19, 2011
Canadian Solar (CSIQ) (MCD) (BYI) (TYC) (WMS) (AKR) Upgraded
Canadian Solar Inc. (NASDAQ: CSIQ), McDonald’s (NYSE: MCD), Bally Technologies Inc. (NYSE: BYI), Tyco International Ltd (NYSE: TYC), WMS Industries Inc. (NYSE: WMS) and Acadia Realty Trust (NYSE: AKR) upgraded by analysts.
McDonald’s (MCD) was upgraded by Oppenheimer from a “Perform” rating to an “Outperform” rating. They have a price target of $100.00 on the company.
Canadian Solar Inc. (CSIQ) was upgraded by Piper Jaffray (NYSE:PJC) from an “Underweight” rating to a “Neutral” rating.
Bally Technologies Inc. (BYI) was upgraded by Goldman Sachs (NYSE:GS) from a “Sell” rating to a “Neutral” rating.
Tyco International Ltd (TYC) was upgraded by Sanford C. Bernstein from a “Market Perform” rating to an “Outperform” rating.
WMS Industries Inc. (WMS) was upgraded by Goldman Sachs from a “Sell” rating to a “Neutral” rating.
Acadia Realty Trust (AKR) was upgraded by Keybanc from a “Hold” rating to a “Buy” rating. They have a price target of $23.00 on the company.
McDonald’s (MCD) was upgraded by Oppenheimer from a “Perform” rating to an “Outperform” rating. They have a price target of $100.00 on the company.
Canadian Solar Inc. (CSIQ) was upgraded by Piper Jaffray (NYSE:PJC) from an “Underweight” rating to a “Neutral” rating.
Bally Technologies Inc. (BYI) was upgraded by Goldman Sachs (NYSE:GS) from a “Sell” rating to a “Neutral” rating.
Tyco International Ltd (TYC) was upgraded by Sanford C. Bernstein from a “Market Perform” rating to an “Outperform” rating.
WMS Industries Inc. (WMS) was upgraded by Goldman Sachs from a “Sell” rating to a “Neutral” rating.
Acadia Realty Trust (AKR) was upgraded by Keybanc from a “Hold” rating to a “Buy” rating. They have a price target of $23.00 on the company.
Friday, July 8, 2011
JA Solar (JASO) (HSOL) (CSIQ) (T) (ETP) Downgraded by Analysts
JA Solar (NASDAQ: JASO), Hanwha Solar (NASDAQ: HSOL), Canadian Solar Inc. (NASDAQ: CSIQ), AT&T Inc. (NYSE: T) and Energy Transfer (NYSE: ETP) downgraded by analysts.
Macquarie downgraded AT&T Inc. (T) from an “outperform” rating to a “neutral” rating.
Wunderlich downgraded Energy Transfer (ETP) from a “buy” rating to a “hold” rating. They have a price target of $52.00 on the company, down from $56.00.
Jefferies (NYSE:JEF) downgraded JA Solar (JASO) from a “buy” rating to a “hold” rating. They have a price target of $5.00 on the company, down from $7.00.
Jefferies downgraded Hanwha Solar (HSOL) from a “buy” rating to a “hold” rating. They have a price target of $6.00 on the company, down from $8.00.
Jefferies downgraded Canadian Solar Inc. (CSIQ) from a “buy” rating to a “hold” rating. They have a price target of $11.00 on the company, down from $14.00.
JA Solar closed Thursday at $5.01, falling $0.22, or 4.21 percent. Hanwha Solar closed at $5.94, down $0.14, or 2.30 percent. Canadian Solar Inc. ended the day at $10.95, dropping $0.10, or 0.90 percent. AT&T Inc. closed at $21.23, the same as the prior trading session. Energy Transfer closed at $49.18, rising $0.54, or 1.11 percent.
Macquarie downgraded AT&T Inc. (T) from an “outperform” rating to a “neutral” rating.
Wunderlich downgraded Energy Transfer (ETP) from a “buy” rating to a “hold” rating. They have a price target of $52.00 on the company, down from $56.00.
Jefferies (NYSE:JEF) downgraded JA Solar (JASO) from a “buy” rating to a “hold” rating. They have a price target of $5.00 on the company, down from $7.00.
Jefferies downgraded Hanwha Solar (HSOL) from a “buy” rating to a “hold” rating. They have a price target of $6.00 on the company, down from $8.00.
Jefferies downgraded Canadian Solar Inc. (CSIQ) from a “buy” rating to a “hold” rating. They have a price target of $11.00 on the company, down from $14.00.
JA Solar closed Thursday at $5.01, falling $0.22, or 4.21 percent. Hanwha Solar closed at $5.94, down $0.14, or 2.30 percent. Canadian Solar Inc. ended the day at $10.95, dropping $0.10, or 0.90 percent. AT&T Inc. closed at $21.23, the same as the prior trading session. Energy Transfer closed at $49.18, rising $0.54, or 1.11 percent.
Wednesday, May 18, 2011
Price Targets on (CSCO) (CSIQ) (DIS) (DISCA) (DLTR) Updated
Price targets on shares of Cisco Systems, Inc. (NASDAQ: CSCO), Canadian Solar Inc. (NASDAQ: CSIQ), Walt Disney (NYSE: DIS), Discovery (NASDAQ: DISCA) and Dollar Tree Inc (NASDAQ: DLTR) updated by analysts.
Piper Jaffray cut their price target on Cisco Systems, Inc. (CSCO) from $21.00 to $19.00. They have a “neutral” rating on the company.
Wedbush cut their price target on Canadian Solar Inc. (CSIQ) from $11.00 to $10.00. They have a “neutral” rating on the company.
Goldman Sachs (NYSE:GS) raised their price target on Walt Disney (DIS) from $48.00 to $50.00.
Caris & Company raised their price target on Discovery (DISCA) to $50.00.
Piper Jaffray (NYSE:PJC) raised their price target on Dollar Tree Inc (DLTR) from $62.00 to $69.00. They have a “buy” rating on the company.
Piper Jaffray cut their price target on Cisco Systems, Inc. (CSCO) from $21.00 to $19.00. They have a “neutral” rating on the company.
Wedbush cut their price target on Canadian Solar Inc. (CSIQ) from $11.00 to $10.00. They have a “neutral” rating on the company.
Goldman Sachs (NYSE:GS) raised their price target on Walt Disney (DIS) from $48.00 to $50.00.
Caris & Company raised their price target on Discovery (DISCA) to $50.00.
Piper Jaffray (NYSE:PJC) raised their price target on Dollar Tree Inc (DLTR) from $62.00 to $69.00. They have a “buy” rating on the company.
Price Targets on (CWCO) (COST) (COV) (CSCO) (CSIQ) Updated
Price targets on Consolidated Water Co. Ltd. (NASDAQ: CWCO), Costco (NASDAQ: COST), Covidien plc (NYSE: COV), Cisco Systems, Inc. (NASDAQ: CSCO) and Canadian Solar Inc. (NASDAQ: CSIQ) shares of updated by analysts.
Brean Murray raised their price target on Consolidated Water Co. Ltd. (CWCO) from $12.00 to $13.00. They have a “buy” rating on the company.
Jefferies (NYSE:JEF) raised their price target on Costco (COST) from $85.00 to $93.00. They have a “buy” rating on the company.
Morgan Stanley (NYSE:MS) raised their price target on Covidien plc (COV) from $60.00 to $63.00. They have an “overweight” rating on the company.
Wedbush cut their price target on Cisco Systems, Inc. (CSCO) from $22.00 to $21.00.
Jefferies cut their price target on Canadian Solar Inc. (CSIQ) from $15.00 to $14.00. They have a “buy” rating on the company.
Brean Murray raised their price target on Consolidated Water Co. Ltd. (CWCO) from $12.00 to $13.00. They have a “buy” rating on the company.
Jefferies (NYSE:JEF) raised their price target on Costco (COST) from $85.00 to $93.00. They have a “buy” rating on the company.
Morgan Stanley (NYSE:MS) raised their price target on Covidien plc (COV) from $60.00 to $63.00. They have an “overweight” rating on the company.
Wedbush cut their price target on Cisco Systems, Inc. (CSCO) from $22.00 to $21.00.
Jefferies cut their price target on Canadian Solar Inc. (CSIQ) from $15.00 to $14.00. They have a “buy” rating on the company.
Monday, May 16, 2011
Canadian Solar (CSIQ) Falling on Sector Weakness
Canadian Solar (NASDAQ:CSIQ) has been getting punished lately as funding for the sector in the U.S. and around the world is starting to fizzle as governments look closely at the industry and question the value of the sector as a viable energy source.
Uncertainty surrounding Italy cutting back on its financial commitment to the solar industry while deciding to focus on rooftop solar has hurt some companies in the sector and possibly could help others. But it shows the reason there is so much volatility in the industry, as it is increasingly being questioned by governments as to the viability of solar and other non-conventional energy sources being worth the cost and effort, as they are unreliable, expensive and won't help much over the long term.
Germany also announced on Friday they're probably going to revisit their commitment to the size of its feed-in-tariff, which is likely to be lowered, based on the comment itself.
Bill Gates also recently said solar and other so-called alternative energy sources have no real chance of dealing with our energy challenges, and rightly called solar and wind energy a "cute" idea but being no solution to our energy needs.
The truth is if an industry can't survive without the government, it's not a real market, but an artificial construct that needs to be abandoned as far as taxpayer subsidies and allowed to compete on its own in the marketplace. That includes all energy sectors.
Canadian Solar Inc. participates in the design, development, manufacture, and marketing of solar power products primarily domestically, but also internationally.
Canadian Solar (CSIQ) closed Friday at $9.68, dropping $0.19, or 1.93 percent.
Uncertainty surrounding Italy cutting back on its financial commitment to the solar industry while deciding to focus on rooftop solar has hurt some companies in the sector and possibly could help others. But it shows the reason there is so much volatility in the industry, as it is increasingly being questioned by governments as to the viability of solar and other non-conventional energy sources being worth the cost and effort, as they are unreliable, expensive and won't help much over the long term.
Germany also announced on Friday they're probably going to revisit their commitment to the size of its feed-in-tariff, which is likely to be lowered, based on the comment itself.
Bill Gates also recently said solar and other so-called alternative energy sources have no real chance of dealing with our energy challenges, and rightly called solar and wind energy a "cute" idea but being no solution to our energy needs.
The truth is if an industry can't survive without the government, it's not a real market, but an artificial construct that needs to be abandoned as far as taxpayer subsidies and allowed to compete on its own in the marketplace. That includes all energy sectors.
Canadian Solar Inc. participates in the design, development, manufacture, and marketing of solar power products primarily domestically, but also internationally.
Canadian Solar (CSIQ) closed Friday at $9.68, dropping $0.19, or 1.93 percent.
LDK Solar (LDK) (SOL) (CSIQ) (PWER) (WFR) Pressured on Financing Uncertainty
Shares of LDK Solar (NYSE:LDK), Renesola (NYSE:SOL), Canadian Solar (NASDAQ:CSIQ), Power-One Inc (NASDAQ:PWER) and MEMC Electronic Materials, Inc. (NYSE:WFR) closed mixed Friday as the solar sector continues to be under immense pressure in relationship to financing concerns and legitimate demand.
With America facing its own sovereign debt crisis, masked by the seemingly endless amount of new money thrown at the economy by the Federal Reserve, the solar industry in the country is facing more uncertainty, as lawmakers look to make budget deals, which could cut financing from the U.S. Department of Energy for the sector.
That was after First Solar (FSLR) alleged they were told by the Department of Energy they were still being considered for financial assistance to construct three major solar plants in the country.
Funding challenges also face the international solar industry as many countries continue to struggle with the lack of capital to artificially prop up the industry.
It's widely known that the Italian has cut back on support for the solar industry, but German Chancellor Angela Merkel suggested on Friday the country needs to take a another look at feed-in tariffs again, saying they may be too high. Germany and Italy have been the two leading markets for solar.
A lot of focus has been on the removing of subsidies from the big oil companies, but in fact we need to have all energy subsidies removed across the board and the let the free market decide how it wants to produce and consume energy and electricity, not politicians.
LDK Solar closed Friday at $9.60, dropping $0.49, or 4.86 percent.
With America facing its own sovereign debt crisis, masked by the seemingly endless amount of new money thrown at the economy by the Federal Reserve, the solar industry in the country is facing more uncertainty, as lawmakers look to make budget deals, which could cut financing from the U.S. Department of Energy for the sector.
That was after First Solar (FSLR) alleged they were told by the Department of Energy they were still being considered for financial assistance to construct three major solar plants in the country.
Funding challenges also face the international solar industry as many countries continue to struggle with the lack of capital to artificially prop up the industry.
It's widely known that the Italian has cut back on support for the solar industry, but German Chancellor Angela Merkel suggested on Friday the country needs to take a another look at feed-in tariffs again, saying they may be too high. Germany and Italy have been the two leading markets for solar.
A lot of focus has been on the removing of subsidies from the big oil companies, but in fact we need to have all energy subsidies removed across the board and the let the free market decide how it wants to produce and consume energy and electricity, not politicians.
LDK Solar closed Friday at $9.60, dropping $0.49, or 4.86 percent.
Tuesday, May 10, 2011
Solar Bubble (LDK) (CSUN) (SOLR) (FSLR) (CSIQ) Coming for These Firms?
The solar industry is under duress to say the least, and the very real possibility China may end up creating the first solar bubble is now being bantered about in the media, with solar companies like LDK Solar (NYSE:LDK) China Sunergy (NASDAQ:CSUN) GT Solar International (SOLR), First Solar (Nasdaq:FSLR), Canadian Solar (NASDAQ:CSIQ) sure to come under stress after a seemingly unhindered run for several years before 2009.
Forbes' William Pentland wrote, "The epic expansion planned for the latter part of this decade may create the world’s first solar-energy bubble. The existing solar supply chain is likely too shallow to sustain growth on this scale. Unless the industry develops scalable infrastructure over the next four years, China’s planned installation of 8 GWs of solar capacity annually between 2015 and 2020 is likely to create severe bottlenecks in the solar supply chain. These bottlenecks could radically inflate the price of basic materials like silicon and create labor shortages that would affect the costs of manufacturing solar modules, designing and installing new solar systems and operating and maintaining already installed systems."
Combined with Germany and Italy cutting back on solar subsidies, it would make the China market even more important as far as solar goes, and with little demand from other countries, will disproportionately affect to view of the industry. during the coming years, which appear to be very negative.
First Solar closed Monday at $130.04, gaining $0.08, or 0.06 percent.
Forbes' William Pentland wrote, "The epic expansion planned for the latter part of this decade may create the world’s first solar-energy bubble. The existing solar supply chain is likely too shallow to sustain growth on this scale. Unless the industry develops scalable infrastructure over the next four years, China’s planned installation of 8 GWs of solar capacity annually between 2015 and 2020 is likely to create severe bottlenecks in the solar supply chain. These bottlenecks could radically inflate the price of basic materials like silicon and create labor shortages that would affect the costs of manufacturing solar modules, designing and installing new solar systems and operating and maintaining already installed systems."
Combined with Germany and Italy cutting back on solar subsidies, it would make the China market even more important as far as solar goes, and with little demand from other countries, will disproportionately affect to view of the industry. during the coming years, which appear to be very negative.
First Solar closed Monday at $130.04, gaining $0.08, or 0.06 percent.
Monday, May 9, 2011
Solar's (YGE) (ASTI) (JASO) (CSIQ) (HSOL) (JKS) Facing Tough Times
The solar industry and solar companies like Yingli Green Energy (NYSE:YGE), Ascent Solar Technologies (ASTI), JA Solar (NASDAQ:JASO), Canadian Solar (NASDAQ:CSIQ), Hanwha SolarOne Co., Ltd.(NASDAQ:HSOL) and Jinko Solar (NYSE:JKS) are under increasing pressure as the government-created market, which the vast of majority of consumers really don't care about, is struggling because of the two major markets - Germany and Italy, which have been cutting back on subsidies, leaving a large gap in the demand side of the market, which isn't being taken up by any other country at this time, although there are small increases in various countries, including America.
It is increasingly realized that solar (or wind) isn't or won't be the answer to future energy needs, as they're unreliable and expensive, and can't even come close to meeting existing needs, let alone the growing needs of countries around the world.
The best thing to do in energy across the board is to get rid of all government subsidies in every energy sector and let the market decide what it wants.
Government interference through excessive regulation and taxation also needs to be cut back on, as it's only in place in order to promote the so-called "clean energy" initiative, which isn't as clean and green as being put forth, but is a media darling and is reported as being the future of energy, when if fact anyone that knows the energy sector understands at best it'll be a small supplemental part of the energy future, and one that probably doesn't even need to be pursued.
There will probably be a consolidation in the industry even as solar companies continue to mostly operate under losses, even with the generous subsidies and government pressure on competing energy industries.
Hanwha SolarOne Co., Ltd.(HSOL) closed Friday at $6.14, gaining $0.23, or 3.89 percent.
It is increasingly realized that solar (or wind) isn't or won't be the answer to future energy needs, as they're unreliable and expensive, and can't even come close to meeting existing needs, let alone the growing needs of countries around the world.
The best thing to do in energy across the board is to get rid of all government subsidies in every energy sector and let the market decide what it wants.
Government interference through excessive regulation and taxation also needs to be cut back on, as it's only in place in order to promote the so-called "clean energy" initiative, which isn't as clean and green as being put forth, but is a media darling and is reported as being the future of energy, when if fact anyone that knows the energy sector understands at best it'll be a small supplemental part of the energy future, and one that probably doesn't even need to be pursued.
There will probably be a consolidation in the industry even as solar companies continue to mostly operate under losses, even with the generous subsidies and government pressure on competing energy industries.
Hanwha SolarOne Co., Ltd.(HSOL) closed Friday at $6.14, gaining $0.23, or 3.89 percent.
Thursday, May 5, 2011
Suntech (STP) (JKS) (CSIQ) (JASO) (TSL) Trade Down as Solar on the Defensive
The disastrous performance of First Solar (Nasdaq:FSLR), couple with declining subsidies from the two largest solar markets in the world - Germany and Italy - dragged down Jinko Solar (NYSE:JKS), Canadian Solar (NASDAQ:CSIQ), JA Solar (NASDAQ:JASO), Trina Solar (NYSE:TSL) and Suntech Power Holdings (NYSE:STP) Wednesday, as the all closed in the negative.
Sources say Italy has reached an agreement to cut subsidies from current levels by 22-30 percent in 2011, 23-45 percent in 2012 and by 10-45 percent in 2013.
Australia also announced they are going to cut A$1,000 from solar panel subsidies a it is pushing up the price of electricity in the country.
The country has already cut back on an initial individual household subsidy of A$8,000 in 2007 to A$3,700 today.
The Australian government also said federal subsidies on rooftop solar panels will end a year earlier than originally stated, some time in the middle of 2013.
With very little demand in India and America - considered two potential new markets for solar - it appears the solar industry is in for a long, rough ride.
Government just need to end the subsidies completely (as well as with all other energy subsidies), and let the market sort out what it wants for energy.
Suntech Power Holdings (STP) closed Wednesday at $8.23, down $0.34, or 3.97 percent.
Sources say Italy has reached an agreement to cut subsidies from current levels by 22-30 percent in 2011, 23-45 percent in 2012 and by 10-45 percent in 2013.
Australia also announced they are going to cut A$1,000 from solar panel subsidies a it is pushing up the price of electricity in the country.
The country has already cut back on an initial individual household subsidy of A$8,000 in 2007 to A$3,700 today.
The Australian government also said federal subsidies on rooftop solar panels will end a year earlier than originally stated, some time in the middle of 2013.
With very little demand in India and America - considered two potential new markets for solar - it appears the solar industry is in for a long, rough ride.
Government just need to end the subsidies completely (as well as with all other energy subsidies), and let the market sort out what it wants for energy.
Suntech Power Holdings (STP) closed Wednesday at $8.23, down $0.34, or 3.97 percent.
Wednesday, May 4, 2011
Renesola (SOL) (CSIQ) (SPWRA) (JKS) (WFR) Mixed on First Solar (FSLR) Results
Shares of solar companies Renesola (NYSE:SOL), Canadian Solar (NASDAQ:CSIQ), SunPower Corporation (NASDAQ:SPWRA), Jinko Solar (NYSE:JKS) and MEMC Electronic Materials, Inc. (NYSE:WFR) were mostly weighed down by First Solar's (NASDAQ:FSLR) anemic performance.
MEMC was able to hold on in postive territory after hours, although the majority of solar companies took ahit.
Net income for First Solar plunged 33 percent to $116 million over the same quarter last year, as the company earned $1.33 per share. That was actually much better than the $1.16 a share analysts expected, but not able to overcome the weak net income numbers.
Revenue made no headway during the quarter either, reaching $567 million, although beating estimates of $544 million.
The company said in its press release that rising costs, lower net sales and reduced average selling prices had a negative impact on the quarter.
Even so, the company asserts it will be able to meet full year guidance, although the market, at this time, isn't buying into that. Net sales for the full year are expected to reach about $3.7 to $3.8 billion, with EPS coming in at a range of $9.25 to $9.75 a share.
All of this underscores the lack of a real market for solar energy, and is only a primarily a creation of numerous governments around the world, not the result of demand from consumers.
That's why Italy, when it cut back on subsidies, put the hurt on First Solar, which has huge exposure there.
The highly expensive and low-demand energy source can't compete in the real market, and solar companies will remain extremely volatile because many governments that support it, don't have the capital to back their ambitions in the sector.
This is another reason why subsidies on all energy need to be abandoned and the market allowed to sort things out.
Jinko Solar (JKS) closed Tuesday at $25.98, falling $1.13, or 4.17 percent.
MEMC was able to hold on in postive territory after hours, although the majority of solar companies took ahit.
Net income for First Solar plunged 33 percent to $116 million over the same quarter last year, as the company earned $1.33 per share. That was actually much better than the $1.16 a share analysts expected, but not able to overcome the weak net income numbers.
Revenue made no headway during the quarter either, reaching $567 million, although beating estimates of $544 million.
The company said in its press release that rising costs, lower net sales and reduced average selling prices had a negative impact on the quarter.
Even so, the company asserts it will be able to meet full year guidance, although the market, at this time, isn't buying into that. Net sales for the full year are expected to reach about $3.7 to $3.8 billion, with EPS coming in at a range of $9.25 to $9.75 a share.
All of this underscores the lack of a real market for solar energy, and is only a primarily a creation of numerous governments around the world, not the result of demand from consumers.
That's why Italy, when it cut back on subsidies, put the hurt on First Solar, which has huge exposure there.
The highly expensive and low-demand energy source can't compete in the real market, and solar companies will remain extremely volatile because many governments that support it, don't have the capital to back their ambitions in the sector.
This is another reason why subsidies on all energy need to be abandoned and the market allowed to sort things out.
Jinko Solar (JKS) closed Tuesday at $25.98, falling $1.13, or 4.17 percent.
Monday, May 2, 2011
Trina (TSL) (ASTI) (SOL) (CSIQ) (JKS) Jump on SunPower (SPWRA) Deal
The announcement Total SA (NYSE:TOT) was going to acquire a 60 percent stake in SunPower Corp. (NASDAQ:SPWRA) gave the solar sector a temporary boost, pushing up the share prices of companies like Trina Solar (NYSE:TSL), Ascent Solar Technologies (NASDAQ:ASTI), ReneSola (NYSE:SOL), Canadian Solar (CSIQ) and Jinko Solar (NYSE:JKS), as expected.
In an extremely volatile sector, solar companies tend to move in unison on news affecting the industry, and that did happen, although investors shouldn't get too excited about it, other than trying to figure out whether or not another solar company will be acquired.
Since that's a guessing game, it's more gambling than it is investing, but that won't stop some from throwing money at the risky sector.
Solar will continue to struggle because there really isn't a market for it, other than governments around the world attempting to spin it as an alternative energy source. At best it'll be a very expensive source of energy that is unpredictable as to supply, and will only add a tiny bit of energy to the grid.
Spin it as they will, the media can't change that fact, and countries that had supported the extremely expensive sector are starting to pull back as they can no longer afford it. Germany and Italy are two examples; especially Italy in the shorter term.
For those guessing correctly, or even if there is a move toward energy companies buying up solar (not a surety by any means), there is money to be made in solar, but it's far too volatile to commit serious capital to.
SunPower closed Friday at $21.69, gaining $5.57, or 34.55 percent. Jinko Solar closed at $27.15, rising $1.24, or 4.79 percent. Ascent Solar Technologies ended the session at $1.61, up $0.03, or 1.90 percent. Trina Solar closed at $28.49, jumping $0.58, or 2.08 percent. ReneSola closed at $9.18, increasing $0.52, or 6.00 percent. Canadian Solar ended at $10.80, up $0.50, or 4.85 percent.
Of the major solar companies, only Suntech closed down Friday, ended the day at $8.97, down $0.08, or 0.88 percent.
In an extremely volatile sector, solar companies tend to move in unison on news affecting the industry, and that did happen, although investors shouldn't get too excited about it, other than trying to figure out whether or not another solar company will be acquired.
Since that's a guessing game, it's more gambling than it is investing, but that won't stop some from throwing money at the risky sector.
Solar will continue to struggle because there really isn't a market for it, other than governments around the world attempting to spin it as an alternative energy source. At best it'll be a very expensive source of energy that is unpredictable as to supply, and will only add a tiny bit of energy to the grid.
Spin it as they will, the media can't change that fact, and countries that had supported the extremely expensive sector are starting to pull back as they can no longer afford it. Germany and Italy are two examples; especially Italy in the shorter term.
For those guessing correctly, or even if there is a move toward energy companies buying up solar (not a surety by any means), there is money to be made in solar, but it's far too volatile to commit serious capital to.
SunPower closed Friday at $21.69, gaining $5.57, or 34.55 percent. Jinko Solar closed at $27.15, rising $1.24, or 4.79 percent. Ascent Solar Technologies ended the session at $1.61, up $0.03, or 1.90 percent. Trina Solar closed at $28.49, jumping $0.58, or 2.08 percent. ReneSola closed at $9.18, increasing $0.52, or 6.00 percent. Canadian Solar ended at $10.80, up $0.50, or 4.85 percent.
Of the major solar companies, only Suntech closed down Friday, ended the day at $8.97, down $0.08, or 0.88 percent.
Friday, April 29, 2011
Jinko (JKS) (CSIQ) (HSOL) (PWER) Should Jump on Total (TOT) Deal
There is no doubt the move by Total SA (NYSE:TOT) to acquire a majority stake in U.S. solar company SunPower Corp. (NASDAQ:SPWRA) will spur the industry, as it will generate the idea of who may be next to be infused with cash, such as Canadian Solar (NASDAQ:CSIQ), Hanwha SolarOne Co. (NASDAQ:HSOL), Jinko Solar (NYSE:JKS) and Power-One Inc (NASDAQ:PWER).
It must be kept in mind that the China-based solar companies already have access to capital, so it probably won't affect them as much, although they'll more than likely be pulled up with the rest of the sector over the short term, based on speculation.
Analysts were suprised by the decision of Total, as the solar industry, if you can call it that, is pressured by slow sales, rising costs of raw materials, financing, no real market for the product, and shrinking government support.
If it wasn't for government subsidies there would be no solar market, and the general population couldn't care less about solar, contrary to media allusions to that effect.
That's not to say you can't make money in the industry, as it's subject to wild swings because of it being a media darling and even when it's debatable as to the validity of the industry as a whole, it won't stop the media from hyping it up and causing the share prices of solar companies to jump, as they will on the news of the deal by Total for SunPower.
It must be kept in mind that the China-based solar companies already have access to capital, so it probably won't affect them as much, although they'll more than likely be pulled up with the rest of the sector over the short term, based on speculation.
Analysts were suprised by the decision of Total, as the solar industry, if you can call it that, is pressured by slow sales, rising costs of raw materials, financing, no real market for the product, and shrinking government support.
If it wasn't for government subsidies there would be no solar market, and the general population couldn't care less about solar, contrary to media allusions to that effect.
That's not to say you can't make money in the industry, as it's subject to wild swings because of it being a media darling and even when it's debatable as to the validity of the industry as a whole, it won't stop the media from hyping it up and causing the share prices of solar companies to jump, as they will on the news of the deal by Total for SunPower.
Tuesday, April 26, 2011
Yingli (YGE) (STP) (CSIQ) (PWER) Cheap Because of Artifical Markets
Until solar can prove it can stand on its own in the free market, the share prices of the companies will continue to be cheap, as is the case with Suntech Power Holdings (NYSE:STP), Yingli Green Energy (NYSE:YGE), Power-One Inc (NASDAQ:PWER) and Canadian Solar (NASDAQ:CSIQ), which closed mixed Monday.
The major problem with solar is everyone knows it isn't determined by consumer demand, but on government interference and strategies; something that never ends well.
Another major challenge for solar are the assumptions somehow it's going to solve its problems by some type of future invention. People that say this (and they're many) are just true believers and almost religiously want solar to work with a fervor that only the faithful can match.
That's why when you hear those proponents of solar talk about it, it's predicated largely on wishful thinking and faith in some unforeseeable future, rather than the supply and demand of the marketplace.
Solar would become more attractive if it was cut from the governments around the world and allowed to compete against other energy sources. Then they can prove if they are contenders or pretenders. At this time, most investors believe they're pretenders, as evidenced by their weak performances and share prices.
Solar companies will continue to trading at earnings multiples that reflect companies that are in decline until that becomes the reality.
With that unlikely to happen, and some governments like Germany and Italy backing off some of their commitments, it's doubtful the extremely expensive and unreliable energy source, along with solar companies, will be viable any time soon, if ever.
The major problem with solar is everyone knows it isn't determined by consumer demand, but on government interference and strategies; something that never ends well.
Another major challenge for solar are the assumptions somehow it's going to solve its problems by some type of future invention. People that say this (and they're many) are just true believers and almost religiously want solar to work with a fervor that only the faithful can match.
That's why when you hear those proponents of solar talk about it, it's predicated largely on wishful thinking and faith in some unforeseeable future, rather than the supply and demand of the marketplace.
Solar would become more attractive if it was cut from the governments around the world and allowed to compete against other energy sources. Then they can prove if they are contenders or pretenders. At this time, most investors believe they're pretenders, as evidenced by their weak performances and share prices.
Solar companies will continue to trading at earnings multiples that reflect companies that are in decline until that becomes the reality.
With that unlikely to happen, and some governments like Germany and Italy backing off some of their commitments, it's doubtful the extremely expensive and unreliable energy source, along with solar companies, will be viable any time soon, if ever.
Thursday, April 21, 2011
Trina (TSL) (FSLR) (JASO) (CSIQ) Close Up on Nuclear Perceptions
Solar companies have been jumping on the perception it's going to benefit from the troubled nuclear plant in Japan crippled by the massive earthquake. Companies like First Solar (Nasdaq:FSLR) Trina Solar (NYSE:TSL) JA Solar (NASDAQ:JASO) Canadian Solar Inc. (NASDAQ:CSIQ) closed up Wednesday on the assumptions.
While there will be a temporary boost in the interest in so-called alternative energy, it will never be more than a fad and at the very best, a weak supplement to real energy sources that can handle demand. Natural gas will be one of the legitimate energy sources of the future when prices rebound. That will take time.
Investors will make money in solar in the short-term, as the media will continue to hit the solar thing hard because of its darling status with it.
But anyone who believes nuclear and coal-generated electricity is going away will suffer at best if they made investment decisions based on it.
Could you imagine Japan counting on solar energy and then has some cloudy days. Sorry about the blackouts and parts shortages around the world people. When the fantasy generated by the media ends, the solar stocks will come crashing back down to earth.
Canadian Solar Inc. closed Wednesday at $10.25, gaining $0.53, or 5.45 percent. JA Solar closed at $6.27, rising $0.12, or 1.95 percent. Trina Solar ended the session at $27.59, up $0.19, or 0.69. First Solar closed at $138.47, increasing $4.21, or 3.14 percent.
While there will be a temporary boost in the interest in so-called alternative energy, it will never be more than a fad and at the very best, a weak supplement to real energy sources that can handle demand. Natural gas will be one of the legitimate energy sources of the future when prices rebound. That will take time.
Investors will make money in solar in the short-term, as the media will continue to hit the solar thing hard because of its darling status with it.
But anyone who believes nuclear and coal-generated electricity is going away will suffer at best if they made investment decisions based on it.
Could you imagine Japan counting on solar energy and then has some cloudy days. Sorry about the blackouts and parts shortages around the world people. When the fantasy generated by the media ends, the solar stocks will come crashing back down to earth.
Canadian Solar Inc. closed Wednesday at $10.25, gaining $0.53, or 5.45 percent. JA Solar closed at $6.27, rising $0.12, or 1.95 percent. Trina Solar ended the session at $27.59, up $0.19, or 0.69. First Solar closed at $138.47, increasing $4.21, or 3.14 percent.
Thursday, April 14, 2011
Solar (CSIQ) (SPWRA) (JKS) Up on High Oil, Budget Survival
The volatile solar sector was up Wednesday at it for some reason survived budget cuts and got a boost from higher oil prices and the commitment of hundreds of millions to the sector by General Electric (NYSE:GE). That pushed the share price of Jinko Solar (NYSE:JKS), SunPower Corporation (NASDAQ:SPWRA) and Canadian Solar (NASDAQ:CSIQ) up, along with others.
Investors put money into solar when energy prices, especially oil, rise, as it creates the illusion the higher oil prices make solar more attractive, even with its extremely high price tag.
Unfortunately the sector remains underwritten by taxpayers' dollars, as it should be allowed to compete in the energy marketplace to see if it in fact is being generated by demand of government fiat.
It's unlikely solar would survive without being propped up by government subsidies, and is an extremely bad precedent and policy.
Canadian Solar closed Wednesday at $10.40, gaining $0.12, or 1.17 percent. SunPower Corporation closed at $16.44, up $0.17, or 1.04 percent. Jinko Solar closed at $24.40, rising $0.72, or 3.04 percent.
Investors put money into solar when energy prices, especially oil, rise, as it creates the illusion the higher oil prices make solar more attractive, even with its extremely high price tag.
Unfortunately the sector remains underwritten by taxpayers' dollars, as it should be allowed to compete in the energy marketplace to see if it in fact is being generated by demand of government fiat.
It's unlikely solar would survive without being propped up by government subsidies, and is an extremely bad precedent and policy.
Canadian Solar closed Wednesday at $10.40, gaining $0.12, or 1.17 percent. SunPower Corporation closed at $16.44, up $0.17, or 1.04 percent. Jinko Solar closed at $24.40, rising $0.72, or 3.04 percent.
Tuesday, March 15, 2011
Solar Stocks (LDK) (YGE) (TSL) (FSLR) (STP) Rise on Nuclear Issue
Shares of Yingli Green Energy (NYSE:YGE), First Solar, (Nasdaq:FSLR), Suntech Power (NYSE:STP), LDK Solar Co. (NYSE:LDK), JA Solar (Nasdaq:JASO), SunPower (Nasdaq:SPWRA), Canadian Solar (Nasdaq:CSIQ), Trina Solar Ltd. (NYSE:TSL), ReneSola Ltd. (NYSE:SOL) all pushing up today as uncertainty of nuclear continues to push the share prices up.
French authorities noted the nuclear crisis in Japan has reached a level of 6 on a scale of 1 to 7. Strangely, Germany has shut down reactors built before 1980 as if that has anything to do with what is happening in Japan.
The idea of pushing the solar sector up is the assumption it could be used to subsidize energy needs if nuclear projects are canceled and existing reactors are taken offline; a highly unlikely scenario when it took an earthquake of this magnitude to cause the problems.
French authorities noted the nuclear crisis in Japan has reached a level of 6 on a scale of 1 to 7. Strangely, Germany has shut down reactors built before 1980 as if that has anything to do with what is happening in Japan.
The idea of pushing the solar sector up is the assumption it could be used to subsidize energy needs if nuclear projects are canceled and existing reactors are taken offline; a highly unlikely scenario when it took an earthquake of this magnitude to cause the problems.
Friday, January 14, 2011
Yingli (NYSE:YGE),Canadian Solar (NASDAQ:CSIQ), First Solar (NASDAQ:FSLR), JA Solar NASDAQ:JASO), MEMC (NYSE:WFR),Solarfun (NASDAQ:SOLF), SunPower (NASDAQ:SPWRA), Suntech (NSYE:STP), SolarWorld (SWV.GR), Trina (NYSE:TSL) PTs All Lowered by Jefferies
Jefferies took their scalpel to the solar sector today, slashing price targets on Canadian Solar (NASDAQ:CSIQ), Yingli (NYSE:YGE), First Solar (NASDAQ:FSLR), JA Solar NASDAQ:JASO), Solarfun (NASDAQ:SOLF), SunPower (NASDAQ:SPWRA), Suntech (NSYE:STP), SolarWorld (SWV.GR), Trina (NYSE:TSL) and MEMC (NYSE:WFR).
This was largely from the expectations of a variable feed in tariff for solar sometime soon, based on installed volumes.
Jefferies said, "weak German solar installs in 2H10 may minimize any immediate impact of FIT policy change, but we conservatively estimate a reduction (and in doing so partially remove a stock/policy overhang) in ASPs."
They expect a cut of about 9% cut (+/-3%) starting in April, and that's assuming a strong 5-6GW market in Germany for 2011.
This was largely from the expectations of a variable feed in tariff for solar sometime soon, based on installed volumes.
Jefferies said, "weak German solar installs in 2H10 may minimize any immediate impact of FIT policy change, but we conservatively estimate a reduction (and in doing so partially remove a stock/policy overhang) in ASPs."
They expect a cut of about 9% cut (+/-3%) starting in April, and that's assuming a strong 5-6GW market in Germany for 2011.
Tuesday, January 11, 2011
Auriga Talks JA Solar(Nasdaq:JASO), SunPower (Nasdaq:SPWRA), Jinko Solar (NYSE:JKS), Solarfun (Nasdaq:SOLF), Trina Solar (NYSE:TSL), Canadian Solar (
JA Solar(Nasdaq:JASO), SunPower (Nasdaq:SPWRA), Jinko Solar (NYSE:JKS), Solarfun (Nasdaq:SOLF), Trina Solar (NYSE:TSL) and Canadian Solar (Nasdaq:CSIQ) received some attention from Auriga, focusing primarily on Canadian Solar, SunPower and JA Solar.
Canadian Solar was pointed out for its cost model, which Auriga anaylyst Mark Bachman says is improving. For JA Solar, they're viewed as having strong upside because of their top cost structure and better sourcing of wafers. They were both upgraded by Auriga from "Hold" to "Buy."
For SunPower, they were downgraded on what appears to be no revenue growth through 2012, and will probably have no improvement to their valuaton. They were downgraded from "Hold" to "Sell."
Solar stocks suggested to invest in by Bachman were Solarfun (Nasdaq:SOLF), Renesola (NYSE:SOL) and Jinko Solar (NYSE:JKS), which he suggested for traders. He believes they have upside to them.
Trina Solar (NYSE:TSL) and First Solar (Nasdaq:FSLR) were offered as recommendations for long-term investors.
Canadian Solar was pointed out for its cost model, which Auriga anaylyst Mark Bachman says is improving. For JA Solar, they're viewed as having strong upside because of their top cost structure and better sourcing of wafers. They were both upgraded by Auriga from "Hold" to "Buy."
For SunPower, they were downgraded on what appears to be no revenue growth through 2012, and will probably have no improvement to their valuaton. They were downgraded from "Hold" to "Sell."
Solar stocks suggested to invest in by Bachman were Solarfun (Nasdaq:SOLF), Renesola (NYSE:SOL) and Jinko Solar (NYSE:JKS), which he suggested for traders. He believes they have upside to them.
Trina Solar (NYSE:TSL) and First Solar (Nasdaq:FSLR) were offered as recommendations for long-term investors.
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