Posts for Ticker ‘ELON’

The Smart Grid Surge Hitting Home (ITRI, COMV, ELON, ED, CEG, DUK, FPL, NVE, POM, SO)

Power Lines ImageWe are seeing at least some significant moves from the company’s who have announced that they are grant recipients under part of the $3.4 billion Smart Grid pledge from the Obama administration day.  We are seeing the big moves in the companies which traders and investors believe will receive the direct orders from the utilities, and are even seeing gains down in the utilities and power companies who are getting direct grants.

Itron Inc. (NASDAQ: ITRI), for smart metering systems, was up 3% at $59.56 with a $2.38 billion market cap.  Comverge, Inc. (NASDAQ: COMV), for peaking and base load capacity solutions to electric utilities, operators, and electric markets, is up 10% at $12.95 with a $286 million market cap.  Echelon Corporation (NASDAQ: ELON) is up 7% at $14.70 with a $598 million market cap.
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Posted on: October 27, 2009 – 3:37 pm in Green Biz, Politics, Utilities, , , , , , , , , ,

Top 10 Analyst Upgrades/Downgrades (AMGN, CELL, ELON, SATS, KR, QLGC, MBI, PETM, S, YUM)

These are the top  10 pre-market analyst upgrades and downgrades in Wall Street research calls this Tuesday morning:

Amgen (AMGN) Started as Buy at RBC.
Brightpoint (CELL) Raised to Buy at Citigroup.
Echelon (ELON) Raised to Neutral at Piper Jaffray.
Echostar Holdings (SATS) Raised to Buy at Citigroup.
Kroger (KR) Started as Buy at Deutsche Bank.
QLogic (QLGC) Raised to Outperform at RBC.
MBIA Inc. (MBI) Cut to Underweight at JPMorgan.
PETsMART (PETM) Cut to Neutral at JPMorgan.
Sprint Nextel (S) Cut to Underweight at Piper Jaffray.
YUM! Brands (YUM) Cut to Neutral at UBS.

JON C. OGG
AUGUST 11, 2009

Posted on: August 11, 2009 – 7:58 am in Analyst Calls, , , , , , , , , ,

Rough Week For Smart Grid Players (ITRI, DGII, COMV, ENOC, ELON)

power-lines-picItron Inc. (NASDAQ: ITRI) is supposed to be one of the winners in the stimulus package.  The advanced metering company is known as the Smart Grid meter reader to many traders.  The company is involved in metering, data collection and utility software solutions for electric, water, and gas utilities, and it claims nearly 8,000 utilities worldwide as its customer base.  This is one of the companies deemed to be a winner under the Obama stimulus package.  Where this gets interesting is that Digi International (NASDAQ: DGII), Comverge, Inc. (NASDAQ: COMV), EnerNOC Inc. (NASDAQ:ENOC), and Echelon Corporation (NASDAQ: ELON) are all other smart grid plays and not large caps that have had a rough week in stock prices.
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Posted on: February 13, 2009 – 10:21 am in Cult Stock, Infrastructure, Technology Companies, Utilities, , , , , , , , , , , , ,

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, , , ,

Top Analyst Upgrades (AMAT, BP, CPST, EGLT, ELON, ITRI, KLAC, NSC, PQ, PCLN)

These are some of the top UPGRADES we are seeing from Wall Street analysts this Thursday morning:

  • Applied Materials (NASDAQ: AMAT) Started as Buy at Banc of America.
  • BP plc (NYSE: BP) raised to Overweight from Neutral at HSBC Securities.
  • Eagle Test Systems (NASDAQ: EGLT) started as Buy at Banc of America.
  • KLA-Tencor (NASDAQ: KLAC) Started as Buy at Banc of America.
  • Norfolk Southern (NYSE: NSC) Raised to Overweight at JPMorgan.
  • PetroQuest Energy (NYSE: PQ) Raised to Buy from Neutral at UBS.
  • Priceline.com (NASDAQ: PCLN) started as Buy at Stanford Research.

Jon C. Ogg
July 10, 2008

Posted on: July 10, 2008 – 7:01 am in Analyst Calls, , , , , , , , , ,