Posts for Ticker ‘CPST’

Top Day Trader Alerts (VG, WSM, TSTR, CPST, HGSI, MYGN, LDK, SIRI)

We are seeing some of the same players in the top day trader and active trader alerts, although we are also getting some new names in here as well.  There is a link to each piece for more detailed volume and price data and analysis over at VSInvestor.com:

Vonage Holdings Inc. (NYSE: VG) is hitting amazing trading after yesterday’s 100%+ gains and this morning we saw shares up sharply by yet another 39% to new 52-week highs….

Williams-Sonoma Inc. (NYSE: WSM) is hitting highs for 2009 on earnings and higher guidance.

TerreStar Corporation (NASDAQ: TSTR) is up on active volume this morning on no news…. this is an unusual volume mover considering how it trades.

Capstone Turbine Corporation (NASDAQ: CPST) is surging to recent highs on a new supply pact.

Human Genome Sciences Inc. (NYSE: HGSI) is trading up yet again, and on the same news…

Myriad Genetics Inc. (NASDAQ: MYGN) is up big on earnings and an upgrade.

LDK Solar Co., Ltd. (NYSE: LDK) is up big on news out of China.

SIRIUS XM Radio Inc. (NASDAQ: SIRI) seems to be losing momentum as the street awaits news, but we gave some recent day high-low levels for pivot points…

We apologize if some of the links are slow to load or if they time out.  Due to increased demand, we are making server upgrades this week as a result.  If you wish to be notified by email when the top day trader alerts hit, along with news of IPO’s, key offerings, guru investor data on Buffett and others, mergers, and more, you can join our open email distribution list which goes out several times per week.

-The 24/7 Wall Street Team

Posted on: August 26, 2009 – 9:10 am in Pre-Market Activity, Trading Alert, , , , , , , ,

Many Cult Stock Changes In Russell 3000 Rebalance (CPST, BCON, FNSR, RICK, SIRI, TSCM, URRE, VG)

burning-money-picThe Russell 3000 Index is being rebalanced and many cult stocks with low share prices that have a wide following and high trading volume are getting booted off the index. Beacon Power Corporation (NASDAQ: BCON), Capstone Turbine Corp. (NASDAQ: CPST), Finisar Corp. (NASDAQ: FNSR), Rick’s Cabaret International Inc. (NASDAQ: RICK), SIRIUS XM Radio Inc.(NASDAQ: SIRI), TheStreet.com, Inc. (NASDAQ: TSCM), Uranium Resources, Inc. (NASDAQ: URRE), and Vonage Holdings Corporation (NYSE: VG) are among the former high-flier stocks getting removed from the Russell 3000 that have become cult stocks with a large investor base.  We have given some color on these changes.
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Posted on: June 19, 2009 – 12:01 pm in Cramer, Cult Stock, Index, Trading Alert, , , , , , , ,

Russell Booting Out Speculative Energy Stocks in Rebalances (AXAS, AKNS, AEZ, KAZ, CPE, CFW, CPST, DBLE, EXXI, FTK, GGR, GMET, GRH, TMR, MIND, NCOC, PEIX, QRCP, RAME, TIV, TRMA)

burning-money-picThis year is going to mark a significant change in the Russell rebalance and reconstitution at end of June.  Now that oil and other energy related commodities have been cut in half from the year ago highs, we are seeing a significant number of the smaller cap and more speculative companies tied to energy.  This is the list of companies which is getting the boot off of the Russell 3000 alone:

Delete    ABRAXAS PETROLEUM CORP. (AXAS)
Delete    AKEENA SOLAR INC. (AKNS)
Delete    AMERICAN OIL & GAS INC. (AEZ)
Delete    BMB MUNAI INC. (KAZ)
Delete    CALLON PETROLEUM (CPE)
Delete    CANO PETROLEUM INC. (CFW)
Delete    CAPSTONE TURBINE CORP. (CPST)
Delete    DOUBLE EAGLE PETROLEUM (DBLE)
Delete    ENERGY XXI (BERMUDA) LTD. (EXXI)
Delete    FLOTEK INDS INC. (FTK)
Delete    GEOGLOBAL RESOURCES INC. (GGR)
Delete    GEOMET INC. (GMET)
Delete    GREENHUNTER ENERGY INC. (GRH)
Delete    MERIDIAN RESOURCE CORP. (TMR)
Delete    MITCHAM INDUSTRIES INC. (MIND)
Delete    NATIONAL COAL CORP (NCOC)
Delete    PACIFIC ETHANOL INC. (PEIX)
Delete    QUEST RESOURCE CORP. (QRCP)
Delete    RAM ENERGY RESOURCES INC (RAME)
Delete    TRI-VALLEY CORP (TIV)
Delete    TRICO MARINE SERVICES (TRMA)

There will be updates to this list today and next Friday with the final decision list posted on Monday, June 29.  Of course, that means that some of these deletions might not get deleted in the final list.  A couple were tied to alternative energy in our minds, but were listed by Russell  as ‘consumer’ or ‘producer durables’ rather than in the broad “energy” group.

Jon C. Ogg

Posted on: June 19, 2009 – 7:44 am in Alternative Energy, Commodities, Index, Oil & Gas, , , , , , , , , , , , , , , , , , , , ,

Short Sellers Confused in Alternative Energy Bets (CSIQ, CPST, CLNE, ENER, ESLR, FSLR, FCEL, SOLR, JASO, LDK, SFUN, SPWRA, STP)

Solar Panel PicWe have seen the new short interest data out of the NASDAQ and NYSE for the end of May reports.  There are many mixed bets in the alternative energy sector.  While some of these are large bets on the surface, overall there was a very small change in the latest short interest data compared to months past.

COMPANY NAME (TICKER)……….. MAY 29… Change from May 15
Canadian Solar Inc. (CSIQ)…………2,549,840   -4.3%
Capstone Turbine Corp. (CPST)…… 17,568,058   +5.8%
Clean Energy Fuels Corp. (CLNE)….3,919,108   -0.1%
Energy Conversion Devices (ENER) 12,649,722  +3.7%
Evergreen Solar, Inc. (ESLR)………. 20,225,435  +0.5%
First Solar, Inc. (FSLR)………………  6,995,776    -2.4%
FuelCell Energy, Inc. (FCEL)………. 5,861,532   +1.7%
GT Solar International (SOLR)……. 5,558,018   -9.7%
JA Solar Holdings, Co. (JASO)……. 6,652,651   +10.4%
LDK Solar Co. Inc. (LDK)……………  13,719,877   +4.1%
Solarfun Power Holdings Co. (SFUN)  1,337,324 -7.1%
SunPower Corp. (SPWRA)……………. 13,885,421   +9.7%
Suntech Power Holdings Co. (STP)… 10,706,960  +8.1%

Usually you see a clear trend or direction in the alternative energy sector.  That does not appear to be the case.  As oil has risen steadily, the downside of betting against these may be to steep and managers telling their clients they bet against the rally after all the pain seen already is probably more than a tough sell.

JON C. OGG
JUNE 10, 2009

Posted on: June 10, 2009 – 9:03 am in Alternative Energy, Green Biz, Short Interest, , , , , , , , , , , , ,

Capstone Takes On More Dilution (CPST)

money-stack-image2Capstone Turbine Corporation (NASDAQ:CPST) has agreed to sell 14.45 million units comprised of one share of common stock and one warrant to purchase an additional 0.75 of a share of common stock. The company expects to realize about $11.2 million in net proceeds from the offering.
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Posted on: May 4, 2009 – 9:04 am in Alternative Energy, Green Biz, Secondary Offering,

Capstone Squeezing Blood from a Turbine (CPST, AMAT)

burning-money-pic8Microturbine maker Capstone Turbine Corporation (NASDAQ:CPST) has announced that it will eliminate an additional 22 professional positions as it continues to reduce expenses. Capstone fired 19 employees in February and canceled 16 open positions. The company said it will now employ 212 people, compared with 216 one year ago. Capstone’s microturbines are used in the construction of combined heat and power generation plants and hybrid electric vehicles.
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Posted on: April 8, 2009 – 7:41 am in Alternative Energy, Cult Stock, Green Biz, Labor & Unions, ,

Short Sellers Double Down Against Green & Alternative Energy (CSIQ, CPST, CLNE, ENER, ESLR, FSLR, FCEL, SOLR, JASO, LDK, SFUN, SPWRA, STP)

There was what appears to be a massive increase in short selling for the period report ending March 13, 2009.  The short selling increases in companies like First Solar, Inc. (NASDAQ: FSLR), Suntech Power Holdings Co. (NYSE: STP), SunPower Corp. (SPWRA) and others were well into double digits.  Of our main go-to alternative or green stocks we cover, only one of them saw a decrease in short selling.

COMPANY NAME (TICKER)……….. MARCH 13.. Change
Canadian Solar Inc. (CSIQ)………… 3,506,879   -2.35%
Capstone Turbine Corp. (CPST)…… 16,385,245 +2.68%
Clean Energy Fuels Corp. (CLNE)…. 4,204,801  +0.5%
Energy Conversion Devices (ENER) 14,117,686 +4.5%
Evergreen Solar, Inc. (ESLR)………. 23,355,600 +6.7%
First Solar, Inc. (FSLR)………………. 10,918,475 +32.1%
FuelCell Energy, Inc. (FCEL)……….. 6,918,766  +11.6%
GT Solar International (SOLR)…….. 2,043,429  +9.8%
JA Solar Holdings, Co. (JASO)…….. 7,233,429  +14.4%
LDK Solar Co. Inc. (LDK)……………. 11,831,376 +3.2%
Solarfun Power Holdings Co. (SFUN)  2,660,846  +11.3%
SunPower Corp. (SPWRA)……………. 9,483,348  +12.8%
Suntech Power Holdings Co. (STP)… 9,955,282  +28.2%

JON C. OGG
March 25, 2009

Posted on: March 25, 2009 – 8:16 am in Alternative Energy, Green Biz, Short Interest, , , , , , , , , , , , ,

Short Sellers Active In Green Energy Stocks (CSIQ, CPST, CLNE, ENER, ESLR, FSLR, FCEL, SOLR, JASO, LDK, SFUN, SPWRA, STP)

solar-panel-pic6 There were some really large increases in the short interest from alternative energy companies such as Energy Conversion Devices (NASDAQ: ENER), JA Solar Holdings (NASDAQ: JASO), and LDK Solar Co. Inc. (NYSE: LDK).  What is interesting is that First Solar, Inc. (NASDAQ: FSLR) posted disappointing earnings, yet the short interest actually decreased there.
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Posted on: February 26, 2009 – 7:59 am in Alternative Energy, Green Biz, Short Interest, Trading Alert, , , , , , , , , , , , ,

Top Pre-Market Analyst Downgrades (CPST, HAYN, HNZ, OSIS, SBP, VECO)

burning-money-pic1These are some of the top pre-market analyst downgrades and negative research calls we have seen from Wall Street with more than two hours to open this Tuesday morning:

Capstone Turbine (CPST) Cut to Market Perform at Wachovia.

Haynes International (HAYN) Cut to Neutral at JPMorgan; Cut to Hold at KeyBanc.

Hines (HNZ) Cut to Neutral at Credit Suisse.

OSI Systems (OSIS) Cut to Market Perform at Morgan Keegan.

Santander (SBP) Cut to Hold at Societe Generale.

Veeco Instruments (VECO) Cut to Hold at Citigroup.

Jon C. Ogg

February 10, 2009

Posted on: February 10, 2009 – 7:32 am in Analyst Calls, , , , , , ,

Alternative Energy Short Selling Decreases (CSIQ, CPST, CLNE, ENER, ESLR, FSLR, FCEL, SOLR, HOKU, JASO, SFUN, SPWRA, SPWRB)

Short selling is not always just used as a bet against a stock, but that is what Wall Street evaluates short interest for.  We did note a drop in short selling on NASDAQ from mid-December to December 31.  But it is odd that short selling in alternative energy stocks has come down too.  this is despite how weak some of the alternative energy stocks have been and how the industry is being gutted by sudden cheap energy prices again.

Stock (Ticker)                                    Dec. 31      Dec. 15     Change
Canadian Solar Inc. (CSIQ)                2,221,041    2,535,153   -12.39%
Capstone Turbine Corp. (CPST)         15,238,501  15,982,879   -4.66%
Clean Energy Fuels Corp. (CLNE)      3,766,746    3,363,349   +11.99%
Energy Conversion Devices (ENER)   10,903,594   11,784,508  -7.48%
Evergreen Solar, Inc. (ESLR)             23,030,783   24,041,949  -4.21%
First Solar, Inc.    (FSLR)                  7,586,475     7,725,457   -1.80%
FuelCell Energy, Inc. (FCEL)             5,844,014     6,821,520   -14.33%
GT Solar International (SOLR)           2,588,190     2,585,455    +0.11%
Hoku Scientific, Inc. (HOKU)             1,912,737     2,012,192    -4.94%
JA Solar Holdings, Co. (JASO)          14,182,231   15,976,615  -11.23%
Solarfun Power Holdings Co. (SFUN)  3,027,631     3,948,622   -23.32%
SunPower Corp. (A) (SPWRA)           9,418,472     9,619,152   -2.09%
SunPower Corp. (B) (SPWRB)           2,521,597     2,618,116   -3.69%

Jon C. Ogg
January 13, 2009

Posted on: January 13, 2009 – 2:20 pm in Alternative Energy, Short Interest, , , , , , , , , , , , ,

Short Seller Surprise, Alternative Energy Mixed Bag (CSIQ, CPST, CLNE, ENER, ESLR, FSLR, FCEL, SOLR, HOKU, JASO, SFUN, SPWRA, SPWRB)

Solar_panel_picWith oil tanking, many alternative energy stocks and solar stocks have been paying for it.  They were the leveraged winners when oil was running up and now they are paying the price on the way down.  You will see some major increases in the short selling in some of the key stocks, but it is amazing just how mixed the bets are with some seeing real drops in the short interest.  Maybe the notion is out that with suddenly super-low P/E ratios and with many off 75% or more that the worst is behind:

Stock (Ticker)                                      NOV. 28      NOV. 14   CHANGE
Canadian Solar Inc. (CSIQ)                  2,427,370    3,368,857   -27.95%
Capstone Turbine Corp. (CPST)           17,560,127   18,493,021  -5.04%
Clean Energy Fuels Corp. (CLNE)         3,410,178    3,278,222   +4.03%
Energy Conversion Devices (ENER)     12,318,601   11,092,675  +11.05%
Evergreen Solar, Inc. (ESLR)               24,902,180   25,732,337   -3.23%
First Solar, Inc.    (FSLR)                      9,307,012    7,074,475   +31.56%
FuelCell Energy, Inc. (FCEL)                 9,091,358    9,447,180   -3.77%
GT Solar International (SOLR)                2,614,025    2,092,142   +24.94%
Hoku Scientific, Inc. (HOKU)                 2,040,200    2,442,894   -16.48%
JA Solar Holdings, Co. (JASO)            18,283,207   16,661,472  +9.73%
Solarfun Power Holdings Co. (SFUN)     5,003,987    5,249,784   -4.68%
SunPower Corp. (A) (SPWRA)            11,114,809   12,210,305   -8.97%
SunPower Corp. (B) (SPWRB)              3,230,046    1,990,460   +62.28%

Jon C. Ogg
December 10, 2008

Posted on: December 10, 2008 – 10:35 am in Alternative Energy, Short Interest, , , , , , , , , , , , ,

Short Sellers Losing Conviction in Alternative Energy (CSIQ, CPST, CLNE, ESLR, FSLR, FTEK, FCEL, HOKU, LDK, SPWR, STP)

Solar_panel_picMany traders and short sellers have loved targeting solar power and other alternative energy stocks.  Interestingly, bets against these companies have not risen dramatically even though many of them are under pressure from falling energy and commodities prices.  As you will see below, there was only one company with a significant rise in short interest.

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Posted on: September 25, 2008 – 8:07 am in Alternative Energy, Short Interest, , , , , , , , , , ,

Alternative Energy Not Following Oil (FSLR, SPWR, STP, CSIQ, ESLR, CPST, FCEL, USU)

Oil is performing as though there were no sellers today.  Recalling a single $20.00 move up in the price of oil in a single day is elusive, but a gain of $18.66 per barrel at $123.21 for October futures is being attributed to a drop in the dollar followed by one major short squeeze.  We have already discussed this today with the supply interruption in the Caspian region.  But if this was believed to be a sustained issue rather than a single day’s trading issue then you would see a follow-through in alternative energy stocks today.  You aren’t.  Solar, turbines, fuel cells are lagging.  Here are today’s late day prices in some of the major stocks in the alternative energy sector which we follow:

  • First Solar Inc. (NASDAQ: FSLR) is down almost 5% at $230.03.
  • SunPower Corporation (NASDAQ: SPWR) is down 1.5% at $88.27.
  • Suntech Power Holdings (NYSE: STP) down over 2.3% at $42.50.
  • Canadian Solar Inc. (NASDAQ: CSIQ) is down 1.5% at $25.99.
  • Evergreen Solar Inc. (NASDAQ: ESLR) is down over 2% at $6.06.
  • Capstone Turbine Corp. (NASDAQ: CPST) is trading down over 7% at $1.40.
  • FuelCell Energy Inc. (NASDAQ: FCEL) is down almost 3% at $7.05.
  • USEC Inc. (NYSE: USU), actually nuclear rather renewable but still our favorite in alternative energy picks, is down 1.4% at $5.63.

Oil’s drop has taken out all of the hype from most of the stocks in the alternative energy universe.  What is funny is that many of these were deemed viable and to be in high demand even when oil was in the $50.00 range per barrel.  But that is what makes a market.  Either oil’s massive move up is a silly move, or these alternative energy leaders should be poised to make a massive run higher.   

Jon C. Ogg
September 22, 2008

Posted on: September 22, 2008 – 1:39 pm in Alternative Energy, Oil & Gas, , , , , , , ,

Capstone Turbine Changes Tune In Securities Sales (CPST)

Capstone Turbine Corporation (NASDAQ:CPST) has pulled somewhat of an about-face.  The company has registered 21,485,660 shares of common stock and warrants to purchase an additional 6,445,698 shares of common stock in a secondary offering.  It plans to issue units at $14.90 per unit consisting of ten shares of common stock and warrants to purchase three shares of common stock. The warrants will be exercisable for a period of five years at an exercise price of $1.92 per share.  This is rather contrary to what the company said before as it stated it would seek lines of credit and/or bank loans as its last choice was to resort to a securities sale.

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Posted on: September 18, 2008 – 7:51 am in Alternative Energy, Secondary Offering,

Short Seller Changes in Alternative Energy (CSIQ, CPST, CLNE, ESLR, FSLR, FTEK, FCEL, HOKU, LDK, SPWR)

Many traders and short sellers have loved targeting solar power and other alternative energy stocks.  What is interesting is that the bets against these companies did not show a larger increase since many of them have been under pressure from falling energy and commodities prices..

Alternative Energy                           Aug 29      Aug 15      Change
Canadian Solar Inc. (CSIQ)           4,792,383    4,105,862    16.72%
Capstone Turbine Corp. (CPST)    26,868,541   27,148,261    -1.03%
Clean Energy Fuels Corp. (CLNE)  3,157,778    3,370,936     -6.32%
Evergreen Solar, Inc. (ESLR)        29,577,222   28,600,712     3.41%
First Solar, Inc. (FSLR)                  4,118,065    3,932,851     4.71%
Fuel Tech, Inc.   (FTEK)                 8,967,558    9,409,720    -4.70%
FuelCell Energy (FCEL)                13,231,020   13,547,382    -2.34%
Hoku Scientific (HOKU)                  3,408,545    3,264,070     4.43%
LDK Solar Co. Inc. (LDK)              12,810,785   14,263,002  -10.18%
SunPower Corporation (SPWR)     18,696,656   18,939,191    -1.28%

Jon C. Ogg
September 11, 2008

Posted on: September 11, 2008 – 2:11 pm in Alternative Energy, Short Interest, , , , , , , , , ,

Comments From Capstone Turbine’s Q&A and Conference Call (CPST)

Capstone_logo_3After the Capstone Turbine Corp. (NASDAQ: CPST) earnings report, we listened to the conference call and the question and answer session from analysts to get a better handle on the quarter and what is out in front of it on the calendar.  Below are some excerpts from the analysts and from the company (listed only as company to avoid which officer was saying what).  As a reminder, these are comments and a synopsis or paraphrase rather than direct quotes on individual models and exact metrics.  Also, keep in mind that comments on the conference call were sometimes interrupted or not entirely heard in entirety.

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Posted on: August 11, 2008 – 4:57 pm in Alternative Energy, Earnings,

Capstone Turbine Results A Coin Toss On The Surface (CPST)

Capstone_logo_2Capstone Turbine Corporation (NASDAQ:CPST) has posted its quarterly results, and traders on Wall Street are somehwat mixed on the data.  If traders focus merely on the results in the quarter that went to the top-line and bottom line, then they can take it cautiously or negative.  If traders are using the metric of backlog to judge future revenues, then they have reason to cheer. 

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Posted on: August 11, 2008 – 3:59 pm in Alternative Energy, Earnings,

Capstone Turbine Investors Brace For Earnings (CPST)

Capstone_logoCapstone Turbine Corp. (NASDAQ: CPST) is set to report earnings after the close today.  Once again we caution that with many analysts new in covering this stock and with the size of the company that an steadfast or firm earnings estimates should be thought of as a rough guide rather than a formal map or yardstick.

First Call has estimates at -$0.05 non-GAAP EPS and revenues at $9.73M.  The company isn’t big on formal guidance, but estimates for next quarter are -$0.05 EPS and $11.76M revenues.  Fiscal March-2009 estimates are -$0.15 EPS on $64.45M revenues.  There are other key metrics below that are going to matter far more than exact earnings numbers.

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Posted on: August 11, 2008 – 11:28 am in Alternative Energy, Earnings,

Lazard’s Strong Defense of Capstone Turbine (CPST)

Capstone_logoIf you trade small-cap alternative energy (or less-brown energy stocks), then Capstone Turbine Corp. (NASDAQ: CPST) has likely come across your desk.  Despite a recent pounding with a 35% pullback, shares are still up nearly 200% from last year’s lows.

We noticed a severe volume alert yesterday morning at Volume Spike which appears to be twofold with a market drop and lower energy prices and on what may have been an institution lightening up on its shares.

Today we have Lazard Capital Markets’ analyst Sanjay Shrestha coming tothe defense of Capstone Turbine.  Shrestha notes that yesterday’s (andrecent days) sell-off on macro events alone with a volatile energymarket gives an opportunity for new funds to get into the stock. 

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Posted on: July 25, 2008 – 8:05 am in Alternative Energy, Analyst Calls,

Wachovia Initiates Alternative Energy (CPST, ELON, FCEL, ITRI)

Wachovia has initiated coverage of some alternative energy stocks this morning.  There may be other calls so we’ll follow up with more later depending on the length and details.  Here are the ones we saw so far this morning:

  • Capstone Turbine (NASDAQ: CPST) Started as Outperform at Wachovia.
  • Echelon (NASDAQ: ELON) Started as Outperform at Wachovia.
  • FuelCell Energy (NASDAQ: FCEL) Started as Market Perform at Wachovia.
  • Itron (NASDAQ: ITRI) Started as Outperform at Wachovia.

Jon C. Ogg
July 10, 2008

Posted on: July 10, 2008 – 7:05 am in Alternative Energy, Analyst Calls, , , ,