Posts for Ticker ‘EIX’

A Solar Win in California, Sort Of (STP, FSLR, SPWRA, PCG, EIX, SRE)

Solar Roof ImageThe solar sector appears to be lightly benefiting from California legislation efforts that would secure above market rates as a feed-in tariff for small solar power generators.  California already has mandates calling for larger utilities to generate more power from alternative energy sources (as much as one-third by 2020).  The state already offers relatively high utility rates and solar subsidies and this will take what already one of the top solar markets to somewhat of a German model.

There is a larger effort at the California Public Utilities Commission, or CPUC, that may benefit larger players like Suntech Power Holdings Co. Ltd. (NYSE: STP), First Solar, Inc. (NASDAQ: FSLR), and SunPower Corp. (NASDAQ: SPWRA).  The discrepancy comes in over which companies will or will not benefit from the move if a smaller benefit comes into play or if it is the larger benefit.
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Posted on: October 12, 2009 – 9:56 am in Alternative Energy, Law, , , , , ,

Top Analyst Upgrades and Downgrades (GLW, CPN, DYN, DE, EIX, IR, LM, STX, SLM, WOOF)

These are this Thursday’s top ten independent analyst calls with upgrades, downgrades and initiations from Wall Street brokerage firms with more than two hours until the market opens:

Corning (GLW) Started as Outperform at Morgan Keegan.
Calpine (CPN) Cut to Underperform at Jefferies.
Dynegy (DYN) Cut to Underperform at Jefferies.
Deere (DE) Raised to Neutral at Goldman Sachs.
Edison (EIX) Cut to Hold at Jefferies.
Ingersol-Rand (IR) Raised to Overweight at JPMorgan.
Legg Mason (LM) Raised to Hold at Deutsche Bank.
Seagate Tech (STX) Raised to Hold at Deutsche Bank.
SLM Corp. (SLM) Raised to Overweight at JPMorgan.
VCA Antech (WOOF) Raised to Buy at Sun Trust Robinson Humphrey.

Jon C. Ogg
June 25, 2009

Posted on: June 25, 2009 – 6:37 am in Analyst Calls, , , , , , , , , ,

Top 10 Analyst Upgrades & Downgrades (ALTR, XLNX, BMRN, FWLT, PALM, VRTX, EIX, MGM, POM, TIF)

These are the top 10 analyst calls we have seen this Wednesday morning with about two hours until the market opens:

  • Altera (ALTR) and Xilinx (XLNX) Raised to Overweight at Global Crown.
  • Biomarin Pharma    (BMRN) Raised to Buy at Citigroup.
  • Foster Wheeler (FWLT) Raised to Buy at Jefferies.
  • Palm (PALM) Raised to Buy at Piper Jaffray.
  • Vertex Pharm (VRTX) Raised to Accumulate at ThinkEquity.
  • Edison (EIX) Cut to Market Perform at Wachovia.
  • MGM Mirage (MGM) Cut to Hold at KeyBanc.
  • Pepco Holdings (POM) was downgraded at both Barclays and at Wachovia.
  • Tiffany (TIF) target cut by over 60% to $21.00 at HSBC.

JON C. OGG
March 4, 2009

Posted on: March 4, 2009 – 7:53 am in Analyst Calls, , , , , , , , , ,

52-Week Low Club (CCJ, CVI, EIX, MDR, SSRI, ZINC)

52_week_low_imageThe drop in commodities isn’t good for everyone apparently.  Many metals stocks are on the list today, as are others. Here is a partial list of some semi-active stocks hitting 52-week lows today:

  • Cameco (NYSE: CCJ) continued uranium weakness after its Cigar Lake troubles persist… and persist… and persist…
  • CVR Energy (NYSE: CVI)… energy and fertilizer, recent IPO, so long for the fun times; becoming one of the worse performing post-IPO’s over the last year.

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Posted on: August 15, 2008 – 2:35 pm in HI/LOW, , , , , ,

The 52-Week Low Club (AKNS, AEP, CCRT, EIX, GGP, LYTS, PMII, SPRD)

52_week_low_imageToday was an interesting ride in the 52-week low club after we have seen very volatile markets.  While oil fell $1.00 and while the S&P, NASDAQ, and DJIA were up most of the day, there were plenty of stocks gracing the 52-week lows:

  • Akeena Solar, Inc. (AKNS)… down in sympathy with others, more speculative name in solar.

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Posted on: August 14, 2008 – 2:35 pm in HI/LOW, , , , , , , ,

52-Week Low Club (ALTU, SIL, CEG, COMV, EIX, ZINC, MIR, ZOLT)

Over the last three days it has been thin for 52-week lows, but a good market drop sure brings a reminder to the wall of shame.  Here are some of today’s key 52-week lows.

  • Altus Pharmaceuticals (NASDAQ: ALTU) tanked after Phase III cystic fibrosis tests failed to please on all fronts.
  • Apex Silver Mines (AMEX: SIL) fell nearly 40% after earnings disappointed.  At least they can use those mines for mushroom growth if they don’t find silver.

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Posted on: August 12, 2008 – 3:09 pm in HI/LOW, , , , , , , ,

Top 10 Pre-Market Analyst Calls (AG, AXL, BUD, ASTI, CMG, EIX, EXC, GM, GSK, NCR)

These are ten of the analyst calls we are focusing on this Tuesday morning:

  • AGCO Corp. (NYSE: AG) Raised to Outperform from Neutral at Credit Suisse.
  • American Axle (NYSE: AXL) raised to Buy at Citigroup.
  • Anheuser-Busch (NYSE: BUD) cut to Hold at Deutsche Bank.
  • Ascent Solar Tech (NASDAQ: ASTI) Started as Outperform at Cowen.
  • Chipotle Class (NYSE: CMG) Started as Overweight at JPMorgan.
  • Edison International (NYSE: EIX) Cut to Neutral from Buy at Goldman Sachs.
  • Exelon Corp. (NYSE: EXC) Raised to Buy from Neutral at Goldman Sachs.
  • General Motors     (NYSE: GM) cut to Hold at Citigroup.
  • GlaxoSmithKline (NYSE: GSK) Cut to Underweight at Morgan Stanley.
  • NCR Corp (NYSE: NCR) started as Overweight at Lehman Brothers.

Jon C. Ogg
May 27, 2008

Posted on: May 27, 2008 – 6:34 am in Analyst Calls, , , , , , , , , ,

Top 10 Pre-Market Analyst Calls (ABH, ALKS, AMAT, DEO, EBAY, KNXA, MMM, PWAV, TKC, NRG, EIX, ETR)

Credit Suisse downgraded key power stocks: NRG Energy (NRG), Edison(EIX), and Entergy (ETR) all downgraded to Neutral on valuation afterlarge runs.

The top 10 individual analysts calls 24/7 Wall St. is looking at today:

  • AbitibiBowater (ABH) started as Sell at Banc of America.
  • Alkermes (ALKS) started as Overweight at J.P.Morgan.
  • Applied Materials (AMAT) raised to Overweight at J.P.Morgan; raised to Buy at Citigroup; positive notes from Banc of America; stock up 3.5% pre-market.
  • Diageo plc (DEO) started as Underweight at J.P.Morgan.
  • eBay (EBAY) raised to Outperform at Piper Jaffray.
  • Kanexa (KNXA) raised to Buy at Cantor Fitzgerald after major downgrades yesterday; stock indicated up 2% after yesterday’s mammoth drop.
  • 3M (MMM) cut to Sell from Neutral at Goldman Sachs; stock indicated down 4%.
  • Powerwave (PWAV) raised to Outperform at Piper Jaffray.
  • Turkcell (TKC) cut to Neutral from Buy at UBS; stock indicated down 0.75% pre-market.

Jon C. Ogg
November 9, 2007

Posted on: November 9, 2007 – 8:00 am in Analyst Calls, , , , , , , , , , , ,

Pre-Market Analyst Calls (June 26, 2007)

AYE raised to Buy at Jefferies.
BIIB cut to Equal Weight at Lehman.
CELG raised to Overweight at Lehman.
CKNN started as Buy at Merriman Curhan Ford.
CMG started as Equal-Weight at Lehman.
DLB raised to Overweight at JPMorgan.
DLIA started as Neutral at First Albany.
EAS raised to Hold at Jefferies.
EIX raised to Buy at Jefferies.
GENZ raised to Overweight at Lehman.
HGSI cut to Equal Weight at Lehman.
MLNM cut to Equal Weight at Lehman.
RATE started as Neutral at Oppenheimer.
SMSI started as overweight at JPMorgan.
TLVT cut to Neutral at Merrill Lynch.
TRBN started as Mkt Perform at FBR.
WINN raised to Outperform at FBR.
YSI raised to Market Perform at Wachovia.
ZOLL started as Buy at Sun Trust Robinson Humphrey.

Jon C. Ogg
June 26, 2007

Jon Ogg can be reached at jonogg@247wallst.com; he does not own securities in the companies he covers.

Posted on: June 26, 2007 – 6:29 am in Analyst Calls, , , , , , , , , , , , , , , , , , ,