Posts for Ticker ‘BECN’

Top Pre-Market Analyst Upgrades (BECN, BRNC, CIEN, LLY, ENER, FPL, Q, VRSN)

These are not all of the analyst upgrades or positive calls, but these are some of the calls we are seeing with a possible impact on shares early Monday morning:

  • Beacon Roofing (BECN) Raised to Outperform at Baird.
  • Bronco Drilling (BRNC) Raised to Outperform at Jefferies.
  • Ciena (CIEN) Raies to Outperform at Morgan Keegan.
  • Eli Lilly (LLY) Raised to Neutral at HSBC.
  • Energy Conversion Devices (ENER) Raised to Buy at UBS.
  • FPL Group (FPL) Raised to Overweight at JPMorgan.
  • Qwest (Q) Raised to Buy at Citigroup.
  • VeriSign (VRSN) Raised to Buy from Hold at Jefferies.

Jon C. Ogg
August 11, 2008

Posted on: August 11, 2008 – 6:12 am in Analyst Calls, , , , , , , ,

The Business Day In Global Warming (GE, UPS, LDK, ITRI, BECN, ENER, COMV)

General Electric (NYSE:GE) announced a $750 million order to supply six advanced technology, Frame 9FB gas turbine-generators and associated services to EDF (Électricité de France) for the utility’s electrical power production facilities in France and elsewhere in Europe.

UPS (NYSE:UPS) is adding 306 alternative fuel vehicles to its “green fleet” by placing an order for 167 Compressed Natural Gas (CNG) delivery trucks while taking delivery of 139 new propane delivery trucks in North America. Additionally, the company has launched an initiative to use biodiesel fuel in its ground support vehicles at the UPS Worldport® air hub in Louisville.  Maybe BROWN really can be GREEN.

LDK Solar’s (NYSE:LDK) woes in China over its reporting on inventories continues…..down another 25% today. Lazard Capital Markets’ Sanjay Shrestha lowered his price target on Energy Conversion Devices (NASDAQ:ENER) from $44.00 down to $40.00 (current was $26.50); and increased his Buy rating target on Otron (NASDAQ:ITRI) from $95 to $115, and reiterated the Buy rating and $37 target on Comverge (NASDAQ:COMV).

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Posted on: October 8, 2007 – 2:43 pm in Alternative Energy, , , , , , , , , ,

Many Housing Stocks Still Hitting Lows (CTX, DHI, KBH, LEN, RYL, MHO, BECN, BLDR, MAS, XHB)

Stock Tickers: CTX, DHI, KBH, LEN, RYL, MHO, BECN, BLDR, MAS, XHB

After a mid-day review of 52-week lows, there was one obvious group that makes this list now more frequently than it does not: HOMEBUILDERS.  Related companies are also on the list of usual suspects as well.

**denotes hit intraday 52-week lows but may be above now

Centex (CTX)              $25.88; prior low $26.03
DR Horton (DHI)        $13.58; prior low $13.61
KB Home (KBH)        $26.43; prior low $26.55
**Lennar (LEN)          $25.61; 25.50 prior low (today low $25.34)
**Ryland (RYL)           $25.19; prior low 24.92 (today low $24.90)
**M I Homes (MHO)   $14.82; prior low 414.81 (today low $14.65)   

Those with related activities that saw intra-day lows under the prior 52-week low ar as follows: Beacon Roofing Supply (BECN), Builders Firstsource (BLDR), and Masco (MAS).

About the only good news is that the SPDR S&P Homebuilders (AMEX:XHB) shares are actually UP on the day now with the broader markets.  XHB shares are up 0.8% at $22.81, and its 52-week range is $22.59 to $40.03.  This ETF is being led by some of the large suppliers that serve the industry rather than by the homebuilder components themselves.  Toll Brothers (TOL) and Pulte Homes (PHM) are actually up on the day.

Jon C. Ogg
September 11, 2007

Jon Ogg produces the 24/7 Wall St. SPECIAL SITUATION INVESTING NEWSLETTER; he does not own securities in the companies he covers.

Posted on: September 11, 2007 – 11:45 am in Housing, , , , , , , , , ,

The 52-Week Low Club

Thornburg Mortgage Asset (TMA) Mortgage company and real estate investment trust gets downgraded by S&P. Falls to $13.81 from 52-week high of $28.40.

Pope & Talbot (POP) Forest products company has big Q2 loss and freezes hiring. Down to $.45 from 52-week high of $8.44.

Tribune Company (TRB) Tough time to do a newspaper LBO. Share price shows it. Down ot $25.57 from 52-week high of $33.99.

SCO Group (SCOX) Lost copyright battle over key Unix operating system to Novell (NOVL). Drops to $.35 from 52-week high of $3.11.

Movie Gallery (MOVI) No. 2 movie rental chain has too much debt. May not make it. Shares off to $.26 from 52-week high of $5.29.

Beacon Roofing Supply  (BECN) Company hurt by residential building. Down to $11.98 from 52-week high of $23.58.

Douglas A. McIntyre

Posted on: August 13, 2007 – 3:21 pm in Uncategorized, , , , , , ,