Posts for Ticker ‘PCG’

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 (AMD, AMGN, BDK, BMY, CTXS, KR, MA, PCG, SYMC, V, VMW)

These are the top early-bird analyst upgrades and positive research calls which we have seen from Wall Street early this Monday morning:

Advanced Micro Devices (NYSE: AMD) Raised to Buy at UBS.
Amgen (NASDAQ: AMGN) Raised to Buy at UBS.
Black & Decker (NYSE: BDK) Started as Overweight at Barclays.
Bristol-Myers Squibb (NYSE: BMY) Added to Goldman Sachs Top M&A List.
Citrix Systems (NASDAQ: CTXS) Raised to Hold at Jefferies.
Kroger (NYSE: KR) Raised to Overweight at JPMorgan.
Mastercard (NYSE: MA) Raised to Outperform at Credit Suisse.
PG&E (NYSE: PCG) Raised to Buy at Jefferies.
Polaris (NYSE: PII) Raised to Buy at Citigroup.
Symantec (NASDAQ: SYMC) Raised to Buy at Jefferies.
Visa (NYSE: V) Raised to Outperform at Credit Suisse.
VMware (NYSE: VMW) Raised to Hold at Jefferies.

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

JON C. OGG

Posted on: October 12, 2009 – 7:18 am in Analyst Calls, , , , , , , , , , ,

52-Week High Club

Dr. Reddy’s Laboratories (NYSE: RDY) hit a yearly high of $19.32 today, building on momentum initiated yesterday when it was reporeted that the company had received approval from regulators to distribute its high blood pressure drug in the UK.

Red Hat Inc. (NYSE: RHT) hit a yearly high of $27.95 after a wave of analyst upgrades.

OSG America (NYSE: OSP) hit a yearly high of $10.15 after the company announced that it is raising the price that it will pay for all of its publicly traded securities from $8.00 to $10.25.

Pacific Gas & Electric C. (NYSE: PCG) hit a yearly high of $41.75 following an announcement that a unit at its Diablo Canyon nuclear power facility has come back online at full capacity following repairs.  

Garrett W. McIntyre

Posted on: September 24, 2009 – 4:16 pm in Analyst Calls, Nuclear, Pharmaceuticals, Technology Companies, , , ,

Top Analyst Upgrades (ALL, AMT, AAPL, CCI, ETFC, HGG, KBH, MFE, PCG, PG, SBUX, TOL, VMW)

These are this Friday morning’s top pre-market analyst upgrades and positive research calls from Wall Street affecting shares:

Allstate (ALL) Raised to Buy at Argus.
American Tower Corp. (AMT) Started as Outperform at Oppenheimer.
Apple (AAPL) Raised to Outperform at Macquarie.
Crown Castle International (CCI) Started as Outperform at Oppenheimer.
E*TRADE Financial (ETFC) Raised to Buy at Goldman Sachs.
Hhgregg (HGG) Raised to Overweight at Barclays.
KB Home (KBH) Raised to Overweight at JPMorgan.
McAfee (MFE) Started as Outperform at William Blair.
PG&E Corp. (PCG) Started as Overweight at Morgan Stanley.
Procter & Gamble (PG) Raised to Buy at Citigroup.
Starbucks (SBUX) Raised to Overweight at Piper Jaffray.
Toll Brothers (TOL) Raised to Overweight at JPMorgan.
VMware (VMW) Target raised to $32 from $23 at Auriga.

You can join our open email distribution list which goes out several times per week for top analyst upgrades and downgrades, top day trader alerts, IPO’s, key secondary offerings, guru investor data on Buffett and others, mergers, and more.

JON C. OGG

Posted on: September 18, 2009 – 8:10 am in Analyst Calls, Pre-Market Activity, Trading Alert, , , , , , , , , , , , ,

Analyst Looks More Positive on Utilities (AEP, DUK, EXC, PCG, PEG, UTL, XEL, ED, FPL, PNW, PGN, SCG, SO, IDU)

Power Lines ImageOppenheimer is making a new call in the utility sector.  It looks a bit mixed between positive and somewhat cautious calls this morning, but it is important to note that many of these utilities are still in the lower half of the trading range of their last 52-weeks and some are significantly off of highs.

The new OUTPERFORM rated stocks are American Electric Power Co., Inc. (NYSE: AEP), Duke Energy Corporation (NYSE: DUK), Exelon Corporation (NYSE: EXC), PG&E Corp. (NYSE: PCG), Public Service Enterprise Group Inc. (NYSE: PEG), UNITIL Corporation (NYSE: UTL), Xcel Energy Inc. (NYSE: XEL).

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Posted on: June 30, 2009 – 7:39 am in Analyst Calls, Utilities, , , , , , , , , , , , , ,

PG&E Bringing Solar Power For 530,000 Homes (PCG, CVX, MS, BP, STO)

Solar Panel PicPacific Gas and Electric Company, a subsidiary of PG&E Corporation (NYSE: PCG), has entered into a series of contracts with BrightSource Energy, Inc.   While we consider most individual projects essentially as footnotes at large utilities, the size of this as far as number of homes is massive.  After a review of BrightSource, its investing backers are units of Chevron (NYSE: CVX), Morgan Stanley (NYSE: MS), BP plc (NYSE: BP), StatoilHydro (NYSE: STO), and venture capital firms.

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Posted on: May 13, 2009 – 1:02 pm in Alternative Energy, Green Biz, Utilities, , , , ,

Top Analyst Downgrades (APOG, BJS, BJ, HAL, KEG, NBR, OMC, PTEN, PCG, SLB, WMT)

burning-money-pic15These are some of the top pre-market analyst downgrades and negative calls we have seen early this Tuesday morning:

  • Apogee (APOG) Cut to Sell at Piper Jaffray.
  • BJ Services (BJS) Cut to Sector Perform at RBC.
  • BJ’s Wholesale (BJ) Cut to Underperform at Credit Suisse.
  • Halliburton (HAL) Cut to Sector Perform at RBC.
  • Key Energy (KEG) Cut to Sector Perform at RBC.
  • Nabors (NBR) Cut to Sector Perform at RBC.
  • Omnicom (OMC) Cut to Sell at Deutsche Bank.
  • Patterson-UTI (PTEN) Cut to Underperform at RBC.
  • PG&E (PCG) Cut to Neutral at Credit Suisse.
  • Schlumberger (SLB) Cut to Sector Perform at RBC.
  • Wal-Mart (WMT) Cut to Hold from Buy at Citigroup.

JON C. OGG

Posted on: March 10, 2009 – 6:41 am in Analyst Calls, , , , , , , , , , ,

Early Bird Analyst Downgrades (ADBE, BLKB, GLW, DE, ERIC, PCG, PPDI, PLD)

Burning_money_picThese are some of the analyst downgrades we have seen from Wall Street this Tuesday morning with more than two hours until the open:

  • Adobe Systems (NASDAQ: ADBE) Cut to Underperform at FBR.
  • Blackbaud (NASDAQ: BLKB) Started as Sell at Maxim Group.
  • Corning (NYSE: GLW) Cut to Market Weight at Thomas Weisel.
  • Deere & Co. (NYSE: DE) Cut to Neutral at JPMorgan.
  • Ericsson (NASDAQ: ERIC) Cut to Sell at UBS.
  • PG&E (NYSE: PCG) Cut to Neutral at Goldman Sachs.
  • Pharmaceutical Product Development (NASDAQ: PPDI) Cut to Neutral at Goldman Sachs.
  • ProLogis (NYSE: PLD) Cut to Underweight at JPMorgan.

Jon C. Ogg
January 13, 2009

Posted on: January 13, 2009 – 7:16 am in Analyst Calls, , , , , , , ,

Evidence of Corporate Debt Issues Stabilizing (T, DUK, PCG, MO, TWC, BA)

Money_stack_picWe have been tracking the developments in corporate bond spreads and the lack of liquidity for new capital.  Over the last ten days or so we have witnessed several corporate bond offerings of size by household companies which most investors would deem as "survivors" if history is any use.  We tracked issuance releases by AT&T Inc. (NYSE: T), Duke Energy (NYSE: DUK), Pacific Gas & Electric (NYSE: PCG), Altria (NYSE: MO), and Time Warner Cable (NYSE: TWC).

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Posted on: November 18, 2008 – 11:51 am in Bonds, Economy, Secondary Offering, , , , , ,

Solar Powerhouses? (ENER, FSLR, SPWR, PCG, GM)

Tx00338coilwellgusherodessatexasposEnergy Conversion Devices (NASDAQ:ENER) reported its fourth quarter and full year results this morning, and the stock is up more than 2% in early trading. It’s no wonder. EPS of $0.24 beat estimates of $0.16, and revenues of $82.4 million crushed estimates of $77.47 million. Compared with the fourth quarter of 2007, revenues were up 129%, and EPS surged from a net loss of -$0.33/share.

For the full fiscal year, Energy Conversion increased revenues by 125%, from $113.6 million in 2007 to $255.9 million in 2008. And full-year EPS was reported at $0.10, up from a loss of -$0.64 in 2007.

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Posted on: August 29, 2008 – 2:54 am in Alternative Energy, , , , ,

Top 10 Pre-Market Analyst Calls (CPST, CHKP, RIO, COCO, ETR, GM, IDTI, MGM, PCG, TEN)

These are ten of the individual analyst calls we are looking at from Wall Street this Thursday morning:

  • Capstone Turbine Corp. (NASDAQ: CPST) started as Buy at Broadpoint Capital.
  • Check Point Software (NASDAQ: CHKP) raised to Overweight at Lehman Brothers.
  • Comp Vale Do Rio (NYSE: RIO) started as Overweight at Lehman Brothers.
  • Corinthian Colleges (NASDAQ: COCO) Raised to Overweight from Equalweight at Lehman Brothers.
  • Entergy (NYSE: ETR) Cut to Neutral from Buy at Banc Of America.
  • General Motors (NYSE: GM) downgraded to Sell from Neutral at Goldman Sachs.
  • Integrated Device Tech (NASDAQ: IDTI) Raised to Neutral from Underperform at Merrill Lynch.
  • MGM Mirage (NYSE: MGM) Cut to Neutral from Overweight at JPMorgan.
  • PG&E (NYSE: PCG) Cut to Hold from Buy at Jefferies.
  • Tenneco (NYSE: TEN) and Lear Corp. (NYSE: LEA) were both downgraded at Goldman Sachs.

Jon C. Ogg
June 26, 2008

Posted on: June 26, 2008 – 6:57 am in Analyst Calls, , , , , , , , , ,

Top 10 Pre-Market Analyst Calls (ADP, MKTX, MA, NVO, OXY, OVTI, PAYX, PCG, RAD, TER)

These are not the only analyst calls this morning, but these are the calls that 247WallSt.com is focusing on early this Tuesday morning:

  • Automatic Data (NYSE: ADP) downgraded to Neutral from Buy at Banc of America.
  • MarketAxess (NASDAQ: MKTX) raised to Neutral from Sell at Banc of America.
  • Mastercard (NYSE: MA) raised to Neutral at Credit Suisse.
  • Novo-Nordisk A/S (NYSE: NVO) downgraded to Peer Perform at Bear Stearns.
  • Occidental Petroleum (NYSE: OXY) raised to Outperform at Oppenheimer.
  • OmniVision (NASDASQ: OVTI) raised to Buy from Hold at Jefferies.
  • Paychex (NASDAQ: PAYX) downgraded to Neutral from Buy at Banc of America.
  • PG&E (NYSE: PCG) raised to Overweight from Neutral at JP Morgan.
  • Rite Aid (NYSE: RAD) raised to Overweight from Neutral at JP Morgan.
  • Teradyne (NYSE: TER) raised to Outperform at Oppenheimer.

Jon C. Ogg
February 26, 2008

Posted on: February 26, 2008 – 7:05 am in Analyst Calls, , , , , , , , , ,

The 52-Week Low Club (AMLN, ARRS, AU, ED, GCI, IACI, IUSA, PCG, SLRY)

Amylin Pharmaceuticals Inc. (NASDAQ: AMLN) is becoming a regular in this club. Yet another low of $28.02 intraday from a high of $53.25. It actually closed at $28.62, so it closed above the prior $28.41 low.

Arris Group Inc. (NASDAQ: ARRS). After an 86% drop in profit, shares plunge, targets are cut, and analysts downgrade, Arris lost 30% today and closed down at $5.50 from a former low of $6.91. The 52 week high is $17.89.

AngloGold Ashanti Ltd. (NYSE:AU)  A gold stock on the 52-week lows? Power issues prevail over high commodity prices… ouch! Trading at $33.75. The 52 week range is $33.80 to $51.35.

Consolidated Edison Inc. (NYSE:ED). $10 million lawsuit in the working from a mid-summer accident. Shares  down to $42.40, but $41.96 was the intraday low. The 52 week range is $42.35 to $52.90.

Gannett Co., Inc. (NYSE: GCI). It’s amazing when even a Warren Buffet stake won’t help a newspaper. Shares down to $31.90, prior 52-week range $31.97 to $63.50.

IAC/InteractiveCorp. (NASDAQ: IACI) has been under review for our special situations letter, although it has not yet been added with any formal recommendations. Shares actually closed up marginally at $21.88 after falling down to a low of $21.56; with a 52 week range of $21.80 to $52.90.

infoUSA Inc. (NASDAQ: IUSA) With such a lame Super Bowl commercial, what else could one ask for? Trading in at $7.82, but it traded as low as $7.50 today; preior range was $7.76 to $11.30.  We recently panned this one for our "10 Stocks Under $10" letter ahead of the big game.

PG & E Corp. (NYSE: PCG). As a reward for awards for environmental stewardship, this utility is given a new low. Trading at $39.85 it closed up marginally at the end of the day, but it saw $39.19 earlier today; 52-week trading range is $39.45 to $52.17.

Salary.com, Inc. (NASDAQ: SLRY).  We featured Salary.com on our "10 Stocks Under $10" letter as one of the worst ideas for an IPO of internet stocks and having potentially a fair value of $5 to $6 per share. Today, it reached a new low of $8.00 after a late morning nose-dive before coming back to close "only" down 2.8% at $8.32. The prior 52-week range was $8.31 to $16.32.

Douglas A. Mcintyre
February 15, 2008

Posted on: February 15, 2008 – 6:28 pm in HI/LOW, , , , , , , , ,

Top 10 Pre-Market Analyst Calls (AAI, AMR, BIDU, RATE, FSLR, FWLT, DNA, PCG, TOT, VRTX)

It might not be fair to only break out 10 analyst calls from the myriad of calls out there, because there are dozens to hundreds of changes daily.  Here are the key calls that 24/7 Wall St. is looking at today, besides the Cisco calls:

  • AirTran (AAI) downgraded to Neutral from Buy at UBS.
  • AMR Corp. (AMR) downgraded to Sell from Neutral at UBS.
  • Baidu.com (BIDU) downgraded to Sector Perform from outperform at RBC Capital Markets; stock down 0.5%.
  • Bankrate (RATE) downgraded at both RBC and at CIBC; stock indicated down $2 pre-market.
  • First Solar (FSLR) raised to Outperform at CIBC; stock up 20+% pre-market after earnings.
  • Foster Wheeler (FWLT) raised to Buy at Citigroup; stock up 3% pre-market.
  • Genentech (DNA) added to Goldman Sachs’ Americas Conviction Buy List, but no change to $102 target; stock indicated up almost 1%.
  • PG&E (PCG) raised to Buy at Jefferies.
  • Total SA (TOT) raised to Overweight at J.P.Morgan.
  • Vertex Pharma (VRTX) raised to Buy at Goldman Sachs; stock up 1.3% pre-market.

There are many other analyst calls not mentioned that will be having an impact on share prices, as always.

Jon C. Ogg
November 8, 2007

Posted on: November 8, 2007 – 8:13 am in Analyst Calls, , , , , , , , , ,

The Business Day In Global Warming (EEE, AECOX, GE, VOLV, SOLF, FTEK, AW, PCG, PGN)

Evergreen Energy Inc (NYSE:EEE) has signed an “Agreement to Proceed” with specifications and design work that lead to the construction of a K-Fuel® lignite coal refinery in the Inner Mongolian Autonomous Region of the People’s Republic of China (PRC). The agreement was signed yesterday with a subsidiary of China Power Investment Corporation (CPI), one of the five state-owned power generation companies in China.

Our friends at TheStreet.com have a great article "A Green Fund for Global-Warming Skeptics."  As we have noted ourselves over and over, whether you believe in "global warming" or "climate change" doesn’t really matter.  Green business is becoming big business.   Allianz RCM Global EcoTrends Fund (AECOX) is a $131 million fund has appeared in the top 10% of stock funds for several months this year.

Thursday, September 20, 2007
Plutonic Power Corporation (TSX:PCC) and GE Energy Financial Services, part of GE (NYSE:GE), executed a fixed-price construction contract with Peter Kiewit Sons Co. for the construction of the 196 MW Toba Montrose run-of-river hydroelectric project.  The signing of the approximately $500 million engineering, procurement and construction (EPC) contract allows Kiewit to move ahead to the next stages after the initial rejuvenation and construction of forestry roads and bridges to the powerhouse site that had begun in July 2007.

With higher than $80.00 per barrel oil, alternative energy is all forms is highly important.  Many of these initiatives started back in the 1990’s and 2000 when oil was cheaper than water.  T. Boone Pickens is still bullish on oil prices and he’s bullish on his natural gas for autos initiative.  Earlier this week Goldman Sachs unveiled their "Super-Spike" in oil prices with the high-end of that band moving from $100 to $135 per barrel and up to $4.50 per gallon of gas at the pump.

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Posted on: September 21, 2007 – 10:27 am in Alternative Energy, , , , , , , , , , , , , , , ,

Pre-Market Analyst Calls (September 4, 2007)

ABY raised to Neutral at UBS.
AMD raised to neutral at Credit Suisse.
AG raised to neutral at Credit Suisse.
AEO raised to Outperform at Cowen.
BLOG started as Outperform at Wachovia.
DVA raised to Buy at Deutsche Bank.
EXEL cut to Mkt Perform at Wachovia.
FCSX raised to BUy at B of A.
HOKU raised to Mkt Perform at Piper Jaffray.
HSII cut to Sell at UBS.
INFA started as Outperform at CIBC.
KFN cut to Sell at UBS.
KOP cut to Hold at Jefferies.
KPN cut to Hold at Citigroup.
KSU raised to Buy at UBS.
MNST cut to Neutral at UBS.
MXIM started as Outperform at RBC Capital.
OII started as Overweight at JPMorgan.
OTE cut to Peer Perform at Bear Stearns.
PCG raised to Overweight at Lehman.
RDS/A raised to Buy at UBS.
RHI cut to Neutral at UBS.
RIMM cut to Peeer Perform at Bear Stearns.
SMOD cut to Hold at Citigroup.
SPR started as Overweight at Lehman.
TEF cut to Hold at Citigroup.
TMA raised to Outperform at FBR.
TYC raised to Buy at Deutsche Bank.
TYPE started as Buy at B of A.
TYPE started as Buy at Jefferies.
WEC raised to Overweight at Lehman.

Jon C. Ogg
September 4, 2007

Posted on: September 4, 2007 – 7:12 am in Analyst Calls, , , , , , , , , , , , , , , , , , , ,