Amedisys, Inc. (NASDAQ: AMED), Western Digital (NYSE: WDC), MEMC Electronic Materials Inc. (NYSE: WFR), Watts Water Technologies, Inc. (NYSE: WTS), Advance Auto Parts, Inc. (NYSE: AAP) and Alimera Sciences Inc. (NASDAQ: ALIM) were downgraded by analysts.
Amedisys, Inc. (AMED) was downgraded by TheStreet to a “Sell” rating.
Western Digital (WDC) was downgraded by Needham & Company from a “Buy” rating to a “Hold” rating.
MEMC Electronic Materials Inc. (WFR) was downgraded by TheStreet to a “Sell” rating.
Watts Water Technologies, Inc. (WTS) was downgraded by Longbow Research from a “Buy” rating to a “Neutral” rating. They have a price target of $35.00 on the company. They cited valuation as the catalyst behind the call.
Advance Auto Parts, Inc. (AAP) was downgraded by Argus from a “Buy” rating to a “Hold” rating.
Alimera Sciences Inc. (ALIM) was downgraded by Credit Suisse from an “Outperform” rating to a “Neutral” rating. They have a price target of $2.00 on the company.
Showing posts with label MEMC Electronic. Show all posts
Showing posts with label MEMC Electronic. Show all posts
Wednesday, November 16, 2011
Friday, November 4, 2011
MEMC (NYSE: WFR) Price Target Slashed
MEMC Electronic Materials Inc. (NYSE: WFR) had its price target adjusted by several analysts.
MEMC Electronic Materials Inc. had its price target lowered by Jefferies (NYSE:JEF) to $5.00.
MEMC Electronic Materials Inc. had its price target lowered by Auriga to $5.00.
MEMC Electronic Materials Inc. had its price target lowered by JPMorgan Chase & Co. (NYSE:JPM) to $5.50.
MEMC Electronic Materials Inc. had its price target lowered by UBS AG (NYSE:UBS) from $10.00 to $8.00. They have a “Buy” rating on the company.
MEMC Electronic Materials Inc. had its price target lowered by Jefferies (NYSE:JEF) to $5.00.
MEMC Electronic Materials Inc. had its price target lowered by Auriga to $5.00.
MEMC Electronic Materials Inc. had its price target lowered by JPMorgan Chase & Co. (NYSE:JPM) to $5.50.
MEMC Electronic Materials Inc. had its price target lowered by UBS AG (NYSE:UBS) from $10.00 to $8.00. They have a “Buy” rating on the company.
Friday, August 5, 2011
MasterCard (MA) (AREX) (EMR) (SPW) (TWX) (WFR) Price Targets Changed
MasterCard (NYSE: MA), Approach Resources Inc. (NASDAQ: AREX), Emerson Electric Co. (NYSE: EMR), SPX Corp (NYSE: SPW), Time Warner Inc. (NYSE: TWX) and MEMC Electronic Materials Inc (NYSE: WFR) price targets adjusted by analysts.
Approach Resources Inc. (AREX) had its price target lowered by Rodman & Renshaw from $33.00 to $30.00. They have an “Outperform” rating on the company.
Emerson Electric Co. (EMR) had its price target lowered by analysts at Credit Suisse (NYSE:CS) to $59.00. They have an “outperform” rating on the company.
MasterCard (MA) had its price target raised by FBR Capital from $330.00 to $390.00. They have an “Outperform” rating on the company.
SPX Corp. (SPW) had its price target lowered by FBR Capital from $92.00 to $88.00. They have an “Outperform” rating on the company.
Time Warner Inc. (TWX) had its price target lowered by UBS AG (NYSE:UBS) to $36.00. They have a “Neutral” rating on the company.
MEMC Electronic Materials Inc. (WFR) had its price target lowered by UBS AG to $12.00. They have a “Buy” rating on the company.
Approach Resources Inc. (AREX) had its price target lowered by Rodman & Renshaw from $33.00 to $30.00. They have an “Outperform” rating on the company.
Emerson Electric Co. (EMR) had its price target lowered by analysts at Credit Suisse (NYSE:CS) to $59.00. They have an “outperform” rating on the company.
MasterCard (MA) had its price target raised by FBR Capital from $330.00 to $390.00. They have an “Outperform” rating on the company.
SPX Corp. (SPW) had its price target lowered by FBR Capital from $92.00 to $88.00. They have an “Outperform” rating on the company.
Time Warner Inc. (TWX) had its price target lowered by UBS AG (NYSE:UBS) to $36.00. They have a “Neutral” rating on the company.
MEMC Electronic Materials Inc. (WFR) had its price target lowered by UBS AG to $12.00. They have a “Buy” rating on the company.
Dendreon (DNDN) (WLT) (WFR) (OSG) (LAMR) (EE) Downgraded
Dendreon Co. (NASDAQ: DNDN), Walter Energy (NYSE: WLT), MEMC Electronic Materials Inc (NYSE: WFR), Overseas Shipholding Group Inc. (NYSE: OSG), Lamar Advertising Company (NASDAQ: LAMR) and El Paso Electric (NYSE: EE) downgraded by analysts.
Dendreon Co. (DNDN) was downgraded by Robert W. Baird from an “Outperform” rating to a “Neutral” rating. They have a price target of $20.00 on the company, down from $56.00.
Walter Energy (WLT) was downgraded by Brean Murray from a “Buy” rating to a “Hold” rating.
MEMC Electronic Materials Inc. (WFR) was downgraded by Ardour Capital from a “Buy” rating to an “Accumulate” rating. They have a price target of $8.50 on the company, down from $16.00.
Overseas Shipholding Group Inc. (OSG) was downgraded by Sterne Agee from a “Neutral” rating to a “Sell” rating. They have a price target of $13.00 on the company, down from $31.00.
Lamar Advertising Company (LAMR) was downgraded by The Benchmark Company from a “Buy” rating to a “Hold” rating. They have a price target of $24.00 on the company, down from $33.00.
El Paso Electric (EE) was downgraded by Ticonderoga from a “Buy” rating to a “Neutral” rating.
Dendreon Co. (DNDN) was downgraded by Robert W. Baird from an “Outperform” rating to a “Neutral” rating. They have a price target of $20.00 on the company, down from $56.00.
Walter Energy (WLT) was downgraded by Brean Murray from a “Buy” rating to a “Hold” rating.
MEMC Electronic Materials Inc. (WFR) was downgraded by Ardour Capital from a “Buy” rating to an “Accumulate” rating. They have a price target of $8.50 on the company, down from $16.00.
Overseas Shipholding Group Inc. (OSG) was downgraded by Sterne Agee from a “Neutral” rating to a “Sell” rating. They have a price target of $13.00 on the company, down from $31.00.
Lamar Advertising Company (LAMR) was downgraded by The Benchmark Company from a “Buy” rating to a “Hold” rating. They have a price target of $24.00 on the company, down from $33.00.
El Paso Electric (EE) was downgraded by Ticonderoga from a “Buy” rating to a “Neutral” rating.
Thursday, August 4, 2011
CBS (CBS) (EMR) (FWLT) (MPWR) (PCS) (WFR) Price Targets Changed
CBS (NYSE: CBS), Emerson Electric Co. (NYSE: EMR), Foster Wheeler Ltd. (NASDAQ: FWLT), Monolithic Power Systems Inc (NASDAQ: MPWR), MetroPCS (NYSE: PCS) and MEMC Electronic Materials Inc (NYSE: WFR) had their price targets adjusted by analysts.
CBS (CBS) had its price target raised by The Benchmark Company from $30.00 to $33.00. They have a “Buy” rating on the company.
Emerson Electric Co. (EMR) had its price target lowered by FBR Capital from $60.00 to $57.00. They have a “Market Perform” rating on the company.
Foster Wheeler Ltd. (FWLT) had its price target lowered by UBS AG (NYSE:UBS) from $40.00 to $37.00. They have a “Buy” rating on the company.
Monolithic Power Systems Inc. (MPWR) had its price target lowered by Needham & Company from $20.00 to $19.00. They have a “Buy” rating on the company.
MetroPCS (PCS) had its price target lowered by UBS AG from $23.00 to $15.00. They have a “Buy” rating on the company.
MEMC Electronic Materials Inc. (WFR) had its price target lowered by Citigroup (NYSE:C) to $15.00. They have a “Buy” rating on the company.
CBS (CBS) had its price target raised by The Benchmark Company from $30.00 to $33.00. They have a “Buy” rating on the company.
Emerson Electric Co. (EMR) had its price target lowered by FBR Capital from $60.00 to $57.00. They have a “Market Perform” rating on the company.
Foster Wheeler Ltd. (FWLT) had its price target lowered by UBS AG (NYSE:UBS) from $40.00 to $37.00. They have a “Buy” rating on the company.
Monolithic Power Systems Inc. (MPWR) had its price target lowered by Needham & Company from $20.00 to $19.00. They have a “Buy” rating on the company.
MetroPCS (PCS) had its price target lowered by UBS AG from $23.00 to $15.00. They have a “Buy” rating on the company.
MEMC Electronic Materials Inc. (WFR) had its price target lowered by Citigroup (NYSE:C) to $15.00. They have a “Buy” rating on the company.
Wednesday, August 3, 2011
Cisco (CSCO) (SRE) (TXRH) (WFR) (YUM) (BGC) EPS Estimates Cut
Cisco Systems, Inc. (NASDAQ: CSCO), Sempra Energy (NYSE: SRE), Texas Roadhouse (NASDAQ: TXRH), MEMC Electronic Materials Inc (NYSE: WFR), Yum! Brands, Inc. (NYSE: YUM) and General Cable Co. (NYSE: BGC) had their EPS estimates cut by analysts.
Oppenheimer cut its EPS estimates on Cisco Systems, Inc. (CSCO). They have an “Outperform” rating and a price target of $20.00 on the company.
Goldman Sachs (NYSE:GS) slashed its EPS estimates on Sempra Energy (SRE). They have a “Neutral” rating and a price target of $54.00 on the company.
Barclays Capital Texas cut its EPS estimates on Roadhouse (TXRH). They have an “Overweight” rating and a price target of $18.00 on the company.
Credit Suisse (NYSE:CS) cut its EPS estimates on MEMC Electronic Materials Inc. (WFR). They have an “Outperform” rating and a price target of $11.00 on the company.
Goldman Sachs (NYSE:GS) cut its EPS estimates on Yum! Brands, Inc. (YUM). They have a “Sell” rating and a price target of $49.00 on the company.
Keybanc cut its EPS estimates on General Cable Co. (BGC). They have a “Buy” rating and a price target of $48.00 on the company.
Oppenheimer cut its EPS estimates on Cisco Systems, Inc. (CSCO). They have an “Outperform” rating and a price target of $20.00 on the company.
Goldman Sachs (NYSE:GS) slashed its EPS estimates on Sempra Energy (SRE). They have a “Neutral” rating and a price target of $54.00 on the company.
Barclays Capital Texas cut its EPS estimates on Roadhouse (TXRH). They have an “Overweight” rating and a price target of $18.00 on the company.
Credit Suisse (NYSE:CS) cut its EPS estimates on MEMC Electronic Materials Inc. (WFR). They have an “Outperform” rating and a price target of $11.00 on the company.
Goldman Sachs (NYSE:GS) cut its EPS estimates on Yum! Brands, Inc. (YUM). They have a “Sell” rating and a price target of $49.00 on the company.
Keybanc cut its EPS estimates on General Cable Co. (BGC). They have a “Buy” rating and a price target of $48.00 on the company.
Tuesday, August 2, 2011
Chevron (CVX) (CR) (WFR) (KBW) (ITT) (TGI) Price Targets Changed
Chevron (NYSE: CVX), Crane Co. (NYSE: CR), MEMC Electronic Materials Inc (NYSE: WFR), KBW, Inc. (NYSE: KBW), ITT Industries (NYSE: ITT) and Triumph Group, Inc. (NYSE: TGI) had their price targets adjusted by analysts.
Crane Co. (CR) had its price target raised by FBR Capital from $51.00 to $53.00. They have a “Market Perform” rating on the company.
Chevron (CVX) had its price target raised by Barclays Capital to $135.00. They have an “Overweight” rating on the company. They cited valuation as the catalyst behind the call.
ITT Industries (ITT) had its price target lowered by Goldman Sachs (NYSE:GS) to $64.00. They have a “Neutral” rating on the company.
KBW, Inc. (KBW) had its price target lowered by FBR Capital from $21.00 to $17.00. They have a “Market Perform” rating on the company.
Triumph Group, Inc. (TGI) had its price target raised by Stifel Nicolaus from $60.00 to $66.00. They have a “Buy” rating on the company.
MEMC Electronic Materials Inc. (WFR) had its price target lowered by Kaufman Brothers from $13.50 to $10.00. They have a “Buy” rating on the company.
Crane Co. (CR) had its price target raised by FBR Capital from $51.00 to $53.00. They have a “Market Perform” rating on the company.
Chevron (CVX) had its price target raised by Barclays Capital to $135.00. They have an “Overweight” rating on the company. They cited valuation as the catalyst behind the call.
ITT Industries (ITT) had its price target lowered by Goldman Sachs (NYSE:GS) to $64.00. They have a “Neutral” rating on the company.
KBW, Inc. (KBW) had its price target lowered by FBR Capital from $21.00 to $17.00. They have a “Market Perform” rating on the company.
Triumph Group, Inc. (TGI) had its price target raised by Stifel Nicolaus from $60.00 to $66.00. They have a “Buy” rating on the company.
MEMC Electronic Materials Inc. (WFR) had its price target lowered by Kaufman Brothers from $13.50 to $10.00. They have a “Buy” rating on the company.
Tuesday, July 26, 2011
First Solar (FSLR) (MPC) (SPWRA) (WFR) (P) (A) Get New Analyst Coverage
First Solar, Inc. (NASDAQ: FSLR), Marathon Petroleum (NYSE: MPC), SunPower Co. (NASDAQ: SPWRA), MEMC Electronic Materials Inc (NYSE: WFR), Pandora Media (NYSE: P) and Agilent Technologies Inc. (NYSE: A) get new coverage from analysts.
Auriga initiated coverage on First Solar, Inc. (FSLR). They placed a “Buy” rating and a price target of $157.00 on the company.
Dahlman Rose initiated coverage on Marathon Petroleum (MPC). They placed a “Buy” rating and a price target of $55.00 on the company.
Auriga initiated coverage on SunPower Co. (SPWRA). They placed a “Sell” rating and a price target of $14.00 on the company.
Auriga initiated coverage on MEMC Electronic Materials Inc (WFR). They placed a “Buy” rating and a price target of $11.00 on the company.
JPMorgan Chase & Co. (NYSE:JPM) initiated coverage on Pandora Media (P). They placed an “Overweight” rating and a price target of $22.00 on the company.
Cowen initiated coverage on Agilent Technologies Inc. (A). They placed an “Outperform” rating on the company.
Auriga initiated coverage on First Solar, Inc. (FSLR). They placed a “Buy” rating and a price target of $157.00 on the company.
Dahlman Rose initiated coverage on Marathon Petroleum (MPC). They placed a “Buy” rating and a price target of $55.00 on the company.
Auriga initiated coverage on SunPower Co. (SPWRA). They placed a “Sell” rating and a price target of $14.00 on the company.
Auriga initiated coverage on MEMC Electronic Materials Inc (WFR). They placed a “Buy” rating and a price target of $11.00 on the company.
JPMorgan Chase & Co. (NYSE:JPM) initiated coverage on Pandora Media (P). They placed an “Overweight” rating and a price target of $22.00 on the company.
Cowen initiated coverage on Agilent Technologies Inc. (A). They placed an “Outperform” rating on the company.
Monday, May 16, 2011
Ratings on (WFR) (WIBC) (YHOO) (SPWRA) Reiterated
Ratings on shares of MEMC Electronic Materials Inc (NYSE: WFR), Wilshire Bancorp, Inc. (NASDAQ: WIBC), Yahoo! Inc. (NASDAQ: YHOO) and SunPower Co. (NASDAQ: SPWRA) were reiterated by analysts.
Wunderlich reiterated a “buy” rating on MEMC Electronic Materials Inc (WFR). They have a price target of $16.00 on the company.
Keefe, Bruyette & Woods, Inc reiterated a “market perform” rating on Wilshire Bancorp, Inc. (WIBC).
Deutsche Bank (NYSE:DB) reiterated a “hold” rating on Yahoo! Inc. (YHOO).
Jefferies (NYSE:JEF) reiterated a “buy” rating on SunPower Co. (SPWRA). They have a price target of $26.00 on the company.
Wunderlich reiterated a “buy” rating on MEMC Electronic Materials Inc (WFR). They have a price target of $16.00 on the company.
Keefe, Bruyette & Woods, Inc reiterated a “market perform” rating on Wilshire Bancorp, Inc. (WIBC).
Deutsche Bank (NYSE:DB) reiterated a “hold” rating on Yahoo! Inc. (YHOO).
Jefferies (NYSE:JEF) reiterated a “buy” rating on SunPower Co. (SPWRA). They have a price target of $26.00 on the company.
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 (YGE) (SOL) (SPWRA) (WFR) (STP) 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 Yingli Green Energy (NYSE:YGE), Renesola (NYSE:SOL), SunPower Corporation (NASDAQ:SPWRA), MEMC Electronic Materials, Inc. (NYSE:WFR) and Suntech Power Holdings (NYSE:STP) 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 disporportunately affect to view of the industry. during the coming years, which appear to be very negative.
Yingli Green Energy (YGE) closed Monday at $11.34, dropping $0.11, or 0.96 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 disporportunately affect to view of the industry. during the coming years, which appear to be very negative.
Yingli Green Energy (YGE) closed Monday at $11.34, dropping $0.11, or 0.96 percent.
Monday, May 9, 2011
Solar's (LDK) (TSL) (WFR) (SPWRA) (STP) Facing Tough Times
The solar industry and solar companies like LDK Solar (NYSE:LDK), Trina Solar (NYSE:TSL), MEMC Electronic Materials, Inc. (NYSE:WFR), SunPower Corporation (NASDAQ:SPWRA) and Suntech Power Holdings (NYSE:STP) 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.
Trina Solar closed Friday at $26.84, gaining $1.15, or 4.48 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.
Trina Solar closed Friday at $26.84, gaining $1.15, or 4.48 percent.
Friday, May 6, 2011
EPS On (SAM) (TRW) (WFR) (WXS) Updated by Analysts
The Boston Beer Company, Inc. (NYSE: SAM), TRW Automotive Holdings Corp. (NYSE: TRW), MEMC Electronic Materials Inc (NYSE: WFR) and Wright Express Co. (NYSE: WXS) had their EPS estimates updated by analysts.
Goldman Sachs (NYSE:GS) cut their EPS estimates on The Boston Beer Company, Inc. (SAM). They have a “neutral” rating and a price target of $90.00 on the company.
Goldman Sachs raised their EPS estimates on TRW Automotive Holdings Corp. (NYSE: TRW). They have a “buy” rating and a price target of $77.00 on the company.
Goldman Sachs raised their EPS estimates on MEMC Electronic Materials Inc (WFR). They have a “sell” rating on the company.
Goldman Sachs raised their EPS estimates on Wright Express Co. (WXS). They have a “neutral” rating and a price target of $57.00 on the company.
Goldman Sachs (NYSE:GS) cut their EPS estimates on The Boston Beer Company, Inc. (SAM). They have a “neutral” rating and a price target of $90.00 on the company.
Goldman Sachs raised their EPS estimates on TRW Automotive Holdings Corp. (NYSE: TRW). They have a “buy” rating and a price target of $77.00 on the company.
Goldman Sachs raised their EPS estimates on MEMC Electronic Materials Inc (WFR). They have a “sell” rating on the company.
Goldman Sachs raised their EPS estimates on Wright Express Co. (WXS). They have a “neutral” rating and a price target of $57.00 on the company.
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
MEMC (NYSE:WFR) Gets "Buy" Rating from Wunderlich
Wunderlich Securities analyst Theodore O'Neill placed a "Buy" rating on MEMC Electronic Materials, Inc. (NYSE:WFR), bumping it up from a "Hold," after the annoucement Total SA (NYSE:TOT) would be acquiring a 60 percent stake in SunPower (NASDAQ:SPWRA).
O'Neill wrote in a note, "We would take proceeds from the sales of these shares and invest them in other solar companies with lower valuation."Another reason to sell into strength on the notice of the tender offer is that Total isn't buying the whole company ... yet. We believe that Total will likely take the remaining 40% of the company if the stock drifts lower, which it may. There is still quite a lot of uncertainty in the market over the direction of subsidies and there is constant pricing pressure from Chinese panel makers."
"MEMC is developing its own line of super-efficient solar panels that are certain to impact 2012 revenue in a positive way. We believe having its own panel line will make WFR a more attractive takeover contact," ONeill added.
MEMC closed Friday at $11.83, gaining $0.68, or 6.10 percent.
O'Neill wrote in a note, "We would take proceeds from the sales of these shares and invest them in other solar companies with lower valuation."Another reason to sell into strength on the notice of the tender offer is that Total isn't buying the whole company ... yet. We believe that Total will likely take the remaining 40% of the company if the stock drifts lower, which it may. There is still quite a lot of uncertainty in the market over the direction of subsidies and there is constant pricing pressure from Chinese panel makers."
"MEMC is developing its own line of super-efficient solar panels that are certain to impact 2012 revenue in a positive way. We believe having its own panel line will make WFR a more attractive takeover contact," ONeill added.
MEMC closed Friday at $11.83, gaining $0.68, or 6.10 percent.
Yingli (YGE) (JASO) (PWER) (WFR) 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 Yingli Green Energy (NYSE:YGE), JA Solar (NASDAQ:JASO), Power-One Inc (PWER) and MEMC Electronic Materials, Inc. (NYSE:WFR), 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. MEMC Electronic Materials, Inc. closed at $11.83, rising $0.68, or 6.10 percent. Yingli Green Energy ended the session at $12.53, up $0.27, or 2.20 percent. JA Solar closed at $6.85, jumping $0.40, or 6.20 percent. Power-One Inc closed at $8.25, increasing $0.04, or 0.49 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. MEMC Electronic Materials, Inc. closed at $11.83, rising $0.68, or 6.10 percent. Yingli Green Energy ended the session at $12.53, up $0.27, or 2.20 percent. JA Solar closed at $6.85, jumping $0.40, or 6.20 percent. Power-One Inc closed at $8.25, increasing $0.04, or 0.49 percent.
Friday, April 29, 2011
Upgrades for (SPWRA) (UIS) (WFR) (ZMH) Ratings
Analysts upgraded SunPower Co. (NASDAQ: SPWRA), Unisys (NYSE: UIS), MEMC Electronic Materials Inc (NYSE: WFR) and Zimmer Holdings, Inc. (NYSE: ZMH) today.
Wedbush upgraded SunPower Co. (SPWRA) from an “underperform” rating to a “neutral” rating. They have a price target of $20.00 on the company, up from $11.00.
Susquehanna upgraded Unisys (UIS) to a “neutral” rating.
Wunderlich upgraded MEMC Electronic Materials Inc (WFR) from a “hold” rating to a “buy” rating. They have a price target of $16.00 on the company, up from $12.00.
Lazard Capital upgraded shares of Zimmer Holdings, Inc. (ZMH) from a “neutral” rating to a “buy” rating.
Wedbush upgraded SunPower Co. (SPWRA) from an “underperform” rating to a “neutral” rating. They have a price target of $20.00 on the company, up from $11.00.
Susquehanna upgraded Unisys (UIS) to a “neutral” rating.
Wunderlich upgraded MEMC Electronic Materials Inc (WFR) from a “hold” rating to a “buy” rating. They have a price target of $16.00 on the company, up from $12.00.
Lazard Capital upgraded shares of Zimmer Holdings, Inc. (ZMH) from a “neutral” rating to a “buy” rating.
Wednesday, February 2, 2011
Electronic Arts (Nasdaq:ERTS), MEMC (NYSE:WFR) Drive Tech Sector Gains
Electronic Arts (Nasdaq:ERTS) and MEMC Electronic Materials (NYSE:WFR) helped the tech sector be the only segment gaining of the S&P 500’s 10 industry groups.
Both companies finished trading on Wednesday up by over 15 percent. They tempered the disappointing results of Broadcom (Nasdaq:BRCM), which fell over 5 percent on Wednesday.
MEMC soared on news they turned a profit in its latest quarter, and Electronic Arts surged on upbeat guidance for 2011.
Broadcom was broadsided because of their reluctance to guide revenue and the increase in operational expenses expected going forward.
Broadcom closed Wednesday at $43.79, down $2.60, or 5.59 percent. MEMC closed at $13.42, gaining $1.79, or 15.39 percent. Electronic Arts closed at $18.09, up $2.47, or 15.81 percent.
Both companies finished trading on Wednesday up by over 15 percent. They tempered the disappointing results of Broadcom (Nasdaq:BRCM), which fell over 5 percent on Wednesday.
MEMC soared on news they turned a profit in its latest quarter, and Electronic Arts surged on upbeat guidance for 2011.
Broadcom was broadsided because of their reluctance to guide revenue and the increase in operational expenses expected going forward.
Broadcom closed Wednesday at $43.79, down $2.60, or 5.59 percent. MEMC closed at $13.42, gaining $1.79, or 15.39 percent. Electronic Arts closed at $18.09, up $2.47, or 15.81 percent.
Thursday, January 27, 2011
MEMC Electronic Materials (Nasdaq:MEMC) Revenues Expected to Improve in Solar, Semi
MEMC Electronic Materials (Nasdaq:MEMC) is expected to have a strong quarter, according to Kaufman, led by revenue increases in semi and solar.
Kaufman says, "We look for meaningful improvements to semi and solar revenues driven by modest increases to ASPs and volumes. We expect significant improvement from MEMC's subsidary, SunEdison, as the remaining payment for the Rovigo project was completed in December 2010. Our estimates for this piece of the business implies fourth quarter and 2010 installations of 110 MWs and 139 MWs at a module cost of $5.50, but only 25% revenue recognition. For 4Q10, we forecast non-GAAP revenues of $1.1 billion which is 26% above consensus expectations of $901 million. For 2010, we anticipate non-GAAP revenues of $2.6 billion versus consensus expectations of $2.2 billion...Our 2011 non-GAAP EPS estimate of $1.14 is 15% above the consensus estimate of $0.99."
Kaufman Bros. reiterates a "Buy" rating on MEMC Electronic Materials (MEMC), which was trading at $11.32, falling $0.21, or 1.82 percent, as of 2:27 PM EST. Kaufman has a price target on MEMC of $13.50.
Kaufman says, "We look for meaningful improvements to semi and solar revenues driven by modest increases to ASPs and volumes. We expect significant improvement from MEMC's subsidary, SunEdison, as the remaining payment for the Rovigo project was completed in December 2010. Our estimates for this piece of the business implies fourth quarter and 2010 installations of 110 MWs and 139 MWs at a module cost of $5.50, but only 25% revenue recognition. For 4Q10, we forecast non-GAAP revenues of $1.1 billion which is 26% above consensus expectations of $901 million. For 2010, we anticipate non-GAAP revenues of $2.6 billion versus consensus expectations of $2.2 billion...Our 2011 non-GAAP EPS estimate of $1.14 is 15% above the consensus estimate of $0.99."
Kaufman Bros. reiterates a "Buy" rating on MEMC Electronic Materials (MEMC), which was trading at $11.32, falling $0.21, or 1.82 percent, as of 2:27 PM EST. Kaufman has a price target on MEMC of $13.50.
Wednesday, January 19, 2011
Vertical Integration Not JA Solar's (NASDAQ:JASO) Strength, ESP, PT Lowered
Saying the major differeniator for solar share prices in 2011 will be vertical integration, Barclays sees that as a negative for JA Solar (NASDAQ:JASO), and lowered their price target and EPS estimates on the company.
Barclays says, "...Following recent checks, we are lowering our below consensus 2011 estimates. Vertical integration would be the key differentiator of stock price performance in 2011 - Suntech (NYSE:STP) and MEMC (Nasdaq:WFR) should benefit the most from vertical integration, in our view.
"We are lowering our 2011 estimates from $1.20 to $0.95. Our new estimates are based on cell ASPs of $1.20 in Q1, $1.00/W in Q4, module ASPs declining from $1.65/W in Q1 to $1.45/W in Q4. The company has not provided 2011 shipments guidance yet, but has suggested that Q1 shipments could reach 500MW. We model 465MW cell shipments in Q1 and -1.93GW in 2011 (vs. 1.45GW in 2010)."
Barclays reiterates an "Equalweight" rating on JA Solar Holdings Co., Ltd. (JASO), which closed Tuesday at $7.77, gaining $0.60, or 8.37 percent. Barclays lowered their price target on JASO from $8 to $6.
Barclays says, "...Following recent checks, we are lowering our below consensus 2011 estimates. Vertical integration would be the key differentiator of stock price performance in 2011 - Suntech (NYSE:STP) and MEMC (Nasdaq:WFR) should benefit the most from vertical integration, in our view.
"We are lowering our 2011 estimates from $1.20 to $0.95. Our new estimates are based on cell ASPs of $1.20 in Q1, $1.00/W in Q4, module ASPs declining from $1.65/W in Q1 to $1.45/W in Q4. The company has not provided 2011 shipments guidance yet, but has suggested that Q1 shipments could reach 500MW. We model 465MW cell shipments in Q1 and -1.93GW in 2011 (vs. 1.45GW in 2010)."
Barclays reiterates an "Equalweight" rating on JA Solar Holdings Co., Ltd. (JASO), which closed Tuesday at $7.77, gaining $0.60, or 8.37 percent. Barclays lowered their price target on JASO from $8 to $6.
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