Posts for Ticker ‘ESLR’

Analysts Duel Over Solar Stocks (ASTI, CSUN, ENER, ESLR, FSLR, SFUN, STP, SPWRA, YGE)

solar-panel-picJefferies has made some key downgrades in the solar sector this morning.  There are few other calls that were upgrades from rival firms, but the downgrade seems to be more front and center as it was a sector call.

Ascent Solar (NASDAQ:ASTI) Cut to Underperform at Jefferies.
China Sunergy (NASDAQ:CSUN) Cut to Underperform at Jefferies.
Energy Conversion (NASDAQ:ENER) Cut to Underperform at Jefferies.
Evergreen Solar (NASDAQ: ESLR) Cut to Underperform at Jefferies.
First Solar (NASDAQ: FSLR) Cut to Hold at Jefferies.
SolarFun Power (NASDAQ: SFUN) Cut to Underperform at Jefferies.
SunPower (NASDAQ: SPWRA) Raised to Buy at Merriman Curhan Ford; Cut to Hold at Jefferies.
Suntech Power (NYSE: STP) Cut to Underperform at Jefferies; Cut to Neutral at Cowen.
Yingli Green Energy (NYSE: YGE) Raised to Overweight at HSBC.

JON C. OGG
AUGUST 21, 2009

Posted on: August 21, 2009 – 8:26 am in Alternative Energy, Analyst Calls, , , , , , , , ,

Top Day Trader Alerts (ARIA, ANDS, SYNA, NVTL, ABAX, FSLR, ESLR, AVII)

The following are some of the top stocks to watch for active trading today based on pre-market and after-hours volume activity. There are links through to more detailed coverage and volume analysis at VSInvestor.com:

Ariad Pharmaceuticals Inc. (Nasdaq: ARIA) shares are down this morning on cash crunch worries, following concerns raised by BioHealthInvestor.com earlier this week of just such a scenario.

Anadys Pharmaceuticals Inc (Nasdaq: ANDS) are up 50 percent in the premarket after getting a key FDA clearance.

Solar stocks are looking dimmer. First Solar Inc. (Nasdaq: FSLR) is down sharply on increased receivables, and negative conference call comments about pricing and debt financing. Evergreen Solar Inc. (Nasdaq: ESLR) shares are sinking on a wider loss, lower margins and similar pricing concerns

Synaptics Inc. (Nasdaq: SYNA) shares are getting hammered on concerns about PC revenue and a CEO transition.

Novatel Wireless Inc. (Nasdaq: NVTL) shares are surging on raised Q3 guidance.

Abaxis Inc. (Nasdaq: ABAX) shares are up strongly after earnings, and a strong diagnostic reagent disc sales increase.

AVI BioPharma Inc. (Nasdaq: AVII) shares are down 9 percent in early trade, after the company filed a shelf registration.

-The 24/7 Wall St. Team

Posted on: July 31, 2009 – 8:58 am in Pre-Market Activity, Trading Alert, , , , , , , ,

JPMorgan Solar Picks and Pans (ENER, ESLR, FSLR, ASTI, SPWRA)

Solar Panel PicJPMorgan has decided to make some key solar ratings changes this morning.  The firm is cautious on the valuation of some in the position of a declining market trend right now, but there are some key takeaways here that are up as well.  Energy Conversion Devices, Inc. (NASDAQ: ENER) and Evergreen Solar Inc. (NASDAQ: ESLR) are up, while shares of First Solar Inc. (NASDAQ: FSLR) are getting slapped on this call today.
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Posted on: July 2, 2009 – 7:22 am in Alternative Energy, Analyst Calls, Green Biz, , , , ,

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

News Escalates Technical Event in Solar Stocks (FCEL, STP, ESLR, SPWRA, YGE, TAN, FSLR)

Solar Panel PicWe recently have noticed how more and more solar companies are seeing big gains on news, particularly in those which have recently raised cash in a seondary offering.  We are starting to see further chart and technical events in FuelCell Energy Inc. (NASDAQ: FCEL), Suntech Power Holdings Co. Ltd. (NYSE: STP), Evergreen Solar Inc. (NASDAQ: ESLR), SunPower Corporation (NASDAQ: SPWRA), and Yingli Green Energy Holding Co. Ltd. (NYSE: YGE) as the 200-day or 50-day moving averages are now in the rear-view mirror. Where this gets interesting is that the solar ETF, Claymore/MAC Global Solar Energy (NYSE: TAN), has crossed above its 200-day moving average in recent days as shares are at $10.93 and that 200-day moving average is $10.15.
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Posted on: June 9, 2009 – 2:03 pm in ADR, Alternative Energy, Charts, ETF, Green Biz, Secondary Offering, Technical Analysis, Trading Alert, , , , , , ,

Evergreen Kicks Out New Marketing Effort, Sort Of (ESLR)

Solar Panel PicWhile waiting for its 37 million share secondary offering to close, Evergreen Solar Inc. (NASDAQ: ESLR) will introduce a new branding campaign. The theme is “More Electricity, Less Impact.”
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Posted on: May 27, 2009 – 8:27 am in Alternative Energy, Green Biz,

Evermore Shares at Evergreen Solar (ESLR)

Solar Panel PicSolar panel maker Evergreen Solar, Inc. (NASDAQ:ESLR) has begun a secondary offering of common stock to raise $60 million.  The company plans to offer the underwriter, Piper Jaffray & Co., a 30-day option on an additional $9 million work of common stock. The offer is being made from Evergreen’s existing shelf registration
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Posted on: May 20, 2009 – 7:57 am in Alternative Energy, Green Biz, Secondary Offering,

First Solar Moves Closer To The Double (FSLR, TAN, SPWRA, ESLR)

solar-panel-pic13Maybe there’s some life left in the solar industry after all. First Solar, Inc. (NASDAQ:FSLR) reported EPS for the first quarter of 2009 of $1.99, blowing past estimates of $1.50 and tripling EPS of $0.57 for the first quarter of 2008. Revenue hit $418.2 million, more than double last year’s quarterly revenues of $196.9 million, and higher than estimates of about $404 million.  This is also running up the key solar ETF, the Claymore/MAC Global Solar Energy (NYSE: TAN).
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Posted on: April 30, 2009 – 8:43 am in Alternative Energy, ETF, Earnings, Green Biz, , , ,

Top Analyst Downgrades (AKAM, BMY, KMX, ESLR, GOL, HGSI, MON, SCHN, TDC, UA, DIS, WFMI)

These are the top pre-market analyst downgrades and negative research calls we have seen from Wall Street early this Friday morning:

Akamai Tech (AKAM) Cut to Hold at Citigroup.
Bristol-Myers Squibb (BMY) Cut to Market Perform at Bernstein.
CarMax (KMX) Cut to Underperform at Wachovia.
Evergreen Solar (ESLR) Started as Sell at Canaccord Adams.
GOL Linhas Areas Inteligentes S.A. (GOL) Cut to Underweight at JPMorgan.
Human Genome Sciences (HGSI) Cut to Market Perform at Bernstein.
Monsanto (MON) Cut to Neutral at JPMorgan.
Schnitzer Steel (SCHN) Cut to Sell at UBS.
Teradata (TDC) Started as Underweight at Thomas Weisel.
Under Armour (UA) Cut to “Negative” at Susquehanna.
Walt Disney (DIS) Cut to Neutral at JPMorgan.
Whole Foods (WFMI) Cut to Hold at Jefferies.

JON C. OGG

Posted on: April 3, 2009 – 7:04 am in Analyst Calls, , , , , , , , , , , ,

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

Evergreen… or Nevergreen (ESLR)

Solar_panel_picThe sun is not shining on solar stocks these days. Evergreen Solar Inc. (NASDAQ:ESLR) reported a fourth-quarter net loss of $52.1 million (EPS of -$0.32) on revenue of $44.2 million. Analysts had expected an EPS loss of -$0.14 on revenue of $46.5 million.  Evergreen’s woes are the result of a plant closure, an equipment write-down, and start-up costs on new plants in Massachusetts and Michigan. According to Reuters, the company missed its own fourth-quarter forecasts for revenue and gross margins.

The share price fell in after-hours trading to $1.99, from a closing price of $2.22. The 52-week low for Evergreen was $1.89…. we are currently under that level.

Paul Ausick
February 6, 2009

Posted on: February 6, 2009 – 2:50 pm in Alternative Energy, Earnings,

Top Pre-Market Analyst Downgrades (LNT, CNP, ESLR, FORR, IFF, LTM, LQDT, NTRS, OPXT, REG)

Burning_money_picThese are the top analyst downgrades and negative research calls we have seen on Wall Street this Friday with more than two hours until the market opens:

  • Alliant Energy (LNT) Cut to Neutral at Baird.
  • CenterPoint (CNP) Cut to Hold at Jefferies.
  • Evergreen Solar (ESLR) Cut to Neutral at Piper Jaffray.
  • Forrester Research (FORR) Cut to Market Perform at William Blair.
  • International Flavors (IFF) Cut to Underweight at KeyBanc.
  • Life Time Fitness (LTM) Cut to Market Perform at Morgan Keegan.
  • Liquidity Services (LQDT) Cut to Perform at Oppenheimer.
  • Northern Trust (NTRS) Cut to Market Perform at KBW.
  • Opnext (OPXT) Cut to Perform at Oppenheimer.
  • Regency Centers (REG) Cut to Neutral at JPMorgan.

Jon C. Ogg
February 6, 2009

Posted on: February 6, 2009 – 7:24 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, , , , , ,

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

Early Bird Analyst Downgrades (ASTI, KO, DT, ESLR, K, PEP, TSL)

Down_arrow_red_2These are some of the top early bird downgrades or negative calls we have seen from analysts on Wall Street this Tuesday morning:

  • Ascent Solar (ASTI) Cut to Underweight at JPMorgan.
  • Coca-Cola (KO) Cut to Neutral at UBS.
  • Deutsche Telekom (DT) Cut to Hold at Deutsche Bank.
  • Evergreen Solar (ESLR) Cut to Underweight at JPMorgan.
  • Kellogg (K) Cut to Neutral at UBS.
  • PepsiCo (PEP) Cut to Neutral at UBS.
  • Trina Solar (TSL) Cut to Hold at Deutsche Bank.

Jon C. Ogg
November 18, 2008

Posted on: November 18, 2008 – 7:29 am in Analyst Calls, , , , , , ,

First Solar Saves The Solar Power Sector (FSLR, SPWRA, STP, LDK, CSIQ, SOLR, ESLR)

First_solar_logo_2First Solar, Inc. (NASDAQ: FSLR) has finally given its guidance from the conference call, and it looks like this and additional supply contracts will be good news for the entire solar sector and may even spill over into other alternative energy stocks.

The company announced a 525 megawatt long-term module supply pact with Sorgenia Solar for solar power plants in Italy and extended pacts with existing customers allowing for an additional $800 million spread from 2009 to 2013.

First Solar shares were floating around the break-even mark in theafter-hours session before its guidance and before its supply pactannouncement.  But now shares are up 10% at $127.50.Below is the rest of the data:

As you will see below, this is causing a major rally in almost all of the other solar power stocks:

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Posted on: October 29, 2008 – 4:43 pm in Alternative Energy, Earnings, , , , , , ,

UBS Ditches Solar Stocks (ENER, ESLR, SOLR, SPWRA)

Solar_panel_picUBS is issuing a downgrade on many of the solar stocks this morning.  While this call may be late, it does echo some of the issues brought up recently which signals that some of the solar orders could get cut ahead from utilities now that energy is suddenly cheaper and is deemed to stay cheaper for the time being.

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Posted on: October 28, 2008 – 6:29 am in Alternative Energy, Analyst Calls, , , ,

Solar Paradise Woes: Order Cuts, Sooner Than Expected (DUK, FSLR, SPWRA, STP, ESLR, LDK)

Solar_panel_picThere has been quite a bit of data calling for a supply glut in 2009 with oversupply patterns existing in 2010 and beyond.  This seems counterintuitive if you consider the trends toward alternative energy, but some fresh data on Duke Energy Corp. (NYSE: DUK) may signal more pain on the way for some of the major solar players.

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Posted on: October 23, 2008 – 11:21 am in Alternative Energy, Utilities, , , , , ,