Posts for Ticker ‘CSIQ’

Top 10 Analyst Upgrades, Downgrades, Initiations (ARI, CSIQ, CSX, DDRX, HEV, INTC, NVDA, VCLK, VITC)

These are the top ten analyst upgrades, downgrades, and initiations we have seen from Wall Street research calls this Tuesday morning:

Apollo Commercial Real Estate (NYSE: ARI) Started as Overweight at Barclays; Started as Hold at Citigroup.
Canadian Solar (NASDAQ: CSIQ) Raised to Equal Weight at Barclays.
CSX Corp. (NYSE: CSX) Raised to Buy at Stifel Nicolaus.
Diedrich Coffee (NASDAQ: DDRX) Cut to Hold at Roth Capital.
Ener1 (NASDAQ: HEV) Started as Buy at Deutsche Bank.
Intel Corp. (NASDAQ: INTC) Cut to Equal Weight at Morgan Stanley.
Nvidia (NASDAQ: NVDA) Cut to Underweight at Morgan Stanley.
Valueclick (NASDAQ: VCLK) Raised to Hold at Citigroup.
Vitacost.com (NASDAQ: VITC) Started as Buy at Needham; Started as Buy at Jefferies; Started as Outperform at Oppenheimer.

You can join our open email distribution list to get updates on top analyst upgrades and downgrades, top day trader alerts, IPO’s, secondary offerings, Warren Buffett and other guru activity, M&A and more.

JON C. OGG

Posted on: November 3, 2009 – 8:35 am in Analyst Calls, , , , , , , , ,

Still Too Many Mixed Solar Signals (FSLR, ENER, AMAT, CSIQ, VECO, ED, WFR)

Solar Roof ImageThere are many things that help solar power and orders for the sector, but arguably higher energy prices and tax incentives or subsidies probably dwarf the overall economic situation.  There seems to be a steady series of ups followed by more downs, and you can blame part on the economy and on energy prices.  First Solar Inc. (NASDAQ: FSLR), Energy Conversion Devices, Inc. (NASDAQ: ENER), Applied Materials Inc. (NASDAQ: AMAT), Canadian Solar Inc. (NASDAQ: CSIQ), Veeco Instruments Inc. (NASDAQ: VECO), Consolidated Edison Inc. (NYSE: ED), and MEMC Electronic Materials Inc. (NYSE: WFR) have all been in solar light with news.
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Posted on: September 9, 2009 – 10:25 am in Alternative Energy, Green Biz, Utilities, , , , , , ,

Top Analyst Downgrades (ASH, CSIQ, CMM, VALE, ENER, SPWRA)

These are the early analyst upgrades and downgrades seen from Wall Street analysts early this Tuesday morning:

Ashland (ASH) Cut to Neutral at Susquehanna.
Canadian Solar (CSIQ) Cut to Neutral at Macquarie.
China MAss Media (CMM) Cut to Neutral at B of A Merrill Lynch.
Companhia Vale do Rio (VALE) Cut to Underperform at HSBC.
Energy Conversion (ENER) Cut to Underperform at Macquarie.
SunPower (SPWRA) Cut to Underperform at Macquarie.

JON C. OGG

Posted on: August 25, 2009 – 7:57 am in Analyst Calls, , , , , ,

Top Day Trader Alerts (BAC, CSIQ, CSCO, FUQI, MAIL, OSK)

These are this morning’s top day trader and most active alert featured stocks.  There is more detailed price and volume analysis on links for each stock over to VSInvestor.com:

Bank of America Corp. (NYSE: BAC) is defying headlines with a 2% gain.

Canadian Solar Inc. (NASDAQ: CSIQ) is soaring over 20% on strong earnings and guidance.

Cisco Systems inc. (NASDAQ: CSCO) is holding up better than we’d have expected with a mere drop of 1% after earnings guidance was lackluster.

FUQI International Inc. (NASDAQ: FUQI) is showing why this was the IBD 100 #1 Chart this last weekend.  New highs are being hit.

IncrediMail Ltd. (NASDAQ: MAIL) is hitting 52-week highs after showing growth in earnings and revenues.

Oshkosh Corporation (NYSE: OSK) is down another 5% at $28.85 on thin volume we expect to grow after it announced a secondary offering last night.

The 24/7 Wall Street Team

Posted on: August 6, 2009 – 9:00 am in Pre-Market Activity, Trading Alert, , , , , ,

Will China Subsidies Save Solar Stocks? (LDK, STP, TSL, CSUN, JASO, FSLR, WFR, SPWRA, ENER, SOLR, CSIQ)

Solar Panel PicIf you saw how solar power stocks ran up today, you might think it was tied to higher energy prices from last week.  But the news that that ran shares is that the Chinese government plans to offer what appears to be some rather high subsidies for solar projects.  Due to the sizes and location of the Chinese companies and the desire for China to help Chinese companies, it seems that LDK Solar Co. Ltd. (NYSE: LDK), Suntech Power Holdings Co. Ltd. (NYSE: STP), Trina Solar Ltd. (NYSE: TSL), China Sunergy Co. Ltd. (NASDAQ: CSUN), and JA Solar Holdings, Co., Ltd. (NASDAQ: JASO) would be the largest beneficiaries.   Today is proof that many others can win outside of earnings news during earnings season.
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Posted on: July 21, 2009 – 5:09 pm in ADR, Alternative Energy, China, Green Biz, Politics, , , , , , , , , , ,

Solar Daily Winners (CSIQ, SOL, STP)

Solar Panel PicWe are seeing some positive reactions this afternoon in some of the solar stocks on an individual basis, despite energy prices not offering much of an added boost to the sector.  Canadian Solar Inc. (NASDAQ: CSIQ) is up on an upgrade.  ReneSola Ltd. (NYSE: SOL) is up on pact awards in China, and Suntech Power Holdings Co. (NYSE: STP) is up on a faster-delivery partnership.  More details are below.
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Posted on: July 16, 2009 – 1:48 pm in Alternative Energy, Green Biz, , ,

Solar Players Looking Again Like Leveraged Oil Trades (FSLR, STP, SPWRA, LDK, ENER, TAN, PBW, CSIQ)

Solar Panel PicOffshore Rig PicInvesting in solar and alternative energy stocks comes with many risks.  We have often referred to many of these companies as being essentially nothing more than very leveraged speculative oil investments because when energy prices are low most forms of alternative energy are not competitive on a cost structure.  The drop of $2.62 per barrel to $66.93 in NYMEX WTI Crude is causing havoc in some of the mid-cap and speculative oils stocks.  It is also hitting shares of First Solar, Inc. (NASDAQ: FSLR), Suntech Power Holdings Co. Ltd. (NYSE: STP), SunPower Corporation (NASDAQ: SPWRA), LDK Solar Co.Ltd. (NYSE: LDK), and Energy Conversion Devices, Inc. (NASDAQ: ENER).  This is also seen directly in the ETFs of Claymore/MAC Global Solar Energy (NYSE: TAN) and PowerShares WilderHill Clean Energy (NYSE: PBW).  Speculative stocks like Canadian Solar Inc. (NASDAQ: CSIQ) look even worse.
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Posted on: June 22, 2009 – 10:05 am in Alternative Energy, Oil & Gas, Trading Alert, , , , , , , ,

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, , , , , , , , , , , , ,

Why the Sunshine in Solar Stocks? (STP, CSIQ, YGE, ENER, USO, BTU)

solar-panel-picSuntech Power Holdings Co., Ltd. (NYSE:STP) closed its follow-on offering of 23 million ADSs on May 28th. The price per ADS was $12.50, and the company raised net proceeds of about $277 million.

Suntech shares hit a high of more than $16/ADS yesterday before closing at $15.44, nearly $3 more than the follow-on offering price. And virtually all solar stocks have risen nicely in the past week. Canadian Solar Inc. (NASDAQ:CSIQ) and Yingli Green Energy Holding Company Ltd. (NYSE:YGE) are up nearly 20%, and Suntech and Energy Conversion Devices Inc. (NASDAQ:ENER) are up more than 5%.
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Posted on: May 29, 2009 – 8:28 am in ADR, Alternative Energy, Commodities, Green Biz, Oil & Gas, , , , , ,

More Losses in the Chinese Solar Space (CSUN, CSIQ, YGE)

solar-panel-picAnother Chinese maker of PV solar cells, China Sunergy Co., Ltd. (NASDAQ:CSUN), has reported a loss for the first quarter of 2009. The company’s net loss per diluted ADS came to -$0.40. On a non-GAAP basis the loss was -$0.33, worse than analysts’ expectations of -$0.26. Revenues were down 14.4% sequentially, to $37 million, just a little below expectations of $36.46 million. These numbers are even weaker than those posted by Canadian Solar Inc. (NASDAQ:CSIQ) and Yingli Green Energy Holding Company Limited (NYSE:YGE).
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Posted on: May 27, 2009 – 8:08 am in ADR, Alternative Energy, China, Earnings, Green Biz, , ,

Canadian Solar, When Bad Is Good (CSIQ, ENER, YGE)

solar-panel-picThe first quarter report from Canadian Solar Inc. (NASDAQ:CSIQ) was a little better than expected on the earnings front but weak on the top-line, posting a net EPS loss of -$0.13 on revenue of $49.5 million. Analysts had forecast a net EPS loss of -$0.26 on revenue of $54.08 million.
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Posted on: May 26, 2009 – 9:22 am in Alternative Energy, Earnings, Green Biz, , ,

Top Analyst Upgrades (CSIQ, EXPE, FCX, JNPR, K, LNC, OWW, TLEO, THS)

These are some of the top analyst upgrades and positive research calls which we have seen from Wall Street early this Thursday morning:

Canadian Solar (CSIQ) Raised to Outperform at Oppenheimer.
Expedia (EXPE) Started as Buy at Soleil.
Freeport-McMoRan (FCX) Raised to Overweight at JPMorgan.
Juniper Networks (JNPR) Raised to Overweight at Barclays.
Kellogg (K) Started as Outperform at RBC.
Lincoln National (LNC) Raised to Buy at UBS.
Orbitz Worldwide (OWW) Started as Buy at Soleil.
Taleo (TLEO) Started as Buy at Jefferies.
Treehouse Foods (THS) Started as Outperform at William Blair.

JON C. OGG

Posted on: May 21, 2009 – 6:42 am in Analyst Calls, , , , , , , , ,

Yingli Deal Brings Some Attention To Solar (YGE, AES, CSIQ, JASO)

Solar Panel PicPhotovoltaic solar maker Yingli Green Energy Holding Company Limited (NYSE: YGE) has announced a framework agreement with a subsidiary of AES Corporation (NYSE: AES) to supply PV solar modules to AES Solar Energy Ltd. for a term of three years.

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Posted on: May 15, 2009 – 8:17 am in Alternative Energy, Green Biz, , , ,

Canadian Solar Soaking China’s Sun, and Money (CSIQ)

solar-panel-pic11Solar maker Canadian Solar Inc. (NASDAQ:CSIQ) is incorporated in Canada, but all operations are based in China. The company has announced that three Chinese banks will kick in a total of $2.2 billion “in potential credit facilities that can be used to finance domestic and overseas solar projects where Canadian Solar is the provider of solar modules.” Canadian Solar may establish a holding company in China to “manage these and other transactions.”
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Posted on: April 28, 2009 – 8:28 am in ADR, Alternative Energy, China, Green Biz,

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, , , , , , , , , , , , ,

Canadian Solar Dims (CSIQ)

burning-money-pic24solar-panel-pic14The sorry news just keeps rolling in from solar companies. This morning Canadian Solar Inc. (NASDAQ: CSIQ) reported an EPS loss of $-1.42, way below analysts expectations of a loss of -$0.31. In the same period last year, Canadian Solar earned $0.31. Revenue fell to $73 million, falling sequentially from $252.4 million and from $127.5 million a year ago.  Although it was awful, revenue did beat analysts expectations of $69.12 million.
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Posted on: March 17, 2009 – 10:07 am in Alternative Energy, Earnings, Green Biz,

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 (AEG, AAPL, BHP, CSIQ, CWST, JASO, MTB, NT, RRGB, STP, TRMB, WMI)

Burning_money_picThese are some of the top pre-market analyst downgrades we have seen this Thursday morning with more than two hours until the market opens:

  • Aegon (AEG) Cut to Sell at UBS.
  • Apple (AAPL) Cut to Underperform at RBC.
  • BHP Billiton (BHP) Cut to Neutral at Credit Suisse.
  • Canadian Solar (CSIQ) Cut to Neutral at Broadpoint AmTech.
  • Casella Waste Systems (CWST) Cut to Neutral at JPMorgan.
  • JA Solar (JASO) Cut to Neutral at Broadpoint AmTech.
  • M&T Bank (MTB) Started as Underperform at FBR.
  • Nortel (NT) Cut to Underperform at CIBC.
  • Red Robin Gourmet (RRGB) Cut to Neutral at Piper Jaffray.
  • Suntech Power (STP) Cut to Neutral at Broadpoint AmTech.
  • Trimble Navigation (TRMB) Cut to Underweight at JPMorgan.
  • Waste Management (WMI) Cut to Neutral at JPMorgan.

Jon C. Ogg
January 15, 2009

Posted on: January 15, 2009 – 7:39 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, , , , , , , , , , , , ,

LDK & More Solar Peer Pressure (LDK, FSLR, CSIQ, JASO, ESLR, SOLF)

Solar_panel_picLDK Solar Co., Ltd. (NYSE: LDK) is living up to the doubts that many investors had in this stock.  When times were good for solar and alternative energy players, many questioned the Chinese company.  Now times are tough, and the news looks tough inside the doors at LDK.  Unfortunately, this is something solar investors have had to brace for now that the economy is softening and now that low energy prices are making many alternative energy projects not economically viable.

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Posted on: January 6, 2009 – 8:39 am in Alternative Energy, Earnings Warning, Trading Alert, , , , , ,