Posts for Ticker ‘SPWRB’

Top Day Trader Alerts (NLST, SPWRA, SPWRB, NGSX, PSUN, SMTL, AMAT)

These are this Tuesday’s top day trader and active trader alerts with more details and analysis linked through to each stock over at VSInvestor.com:

Netlist Inc. (NLST) is seeing small profit taking after a 500% run in the last week.

SunPower Corporation (NASDAQ: SPWRA) (NASDAQ: SPWRB) is down 13% on accounting irregularities and two downgrades.

NeurogesX, Inc. (NASDAQ: NGSX) is up 11% but off last night’s highs after an FDA pain patch approval.

Pacific Sunwear (NASDAQ: PSUN) is down 20% on wider losses and poor guidance.

Semitool, Inc. (NASDAQ: SMTL) is up 30% on what has to be record trading volume on the Applied Materials Inc. (NASDAQ: AMAT) acquisition.

You can join our open email distribution list to hear more news on top day trading alerts, key analyst upgrades and downgrades, Buffett and other investment gurus, IPOs, secondary offerings, private equity, mergers, and more.

JON C. OGG

Posted on: November 17, 2009 – 8:58 am in Pre-Market Activity, Trading Alert, , , , , , ,

SunPower Raising Cash (SPWRA, SPWRB)

solar-panel-pic10SunPower Corporation (Nasdaq: SPWRA; SPWRB) intends to offer 9,000,000 shares of its class A common stock and $175 million worth of senior convertible debentures due 2014 in registered public offerings.   Credit Suisse and Deutsche Bank Securities are listed as the joint book-running managers.  SunPower intends to grant the underwriters an overallotment option of an additional 1,350,000 shares of common stock and an additional $26.25 million in senior convertible debentures.  The offering by the maker of high efficiency solar cells, solar panels, and solar systems should result in aggregate gross proceeds of approximately $400 million.
Read More »

Posted on: April 27, 2009 – 4:02 pm in Alternative Energy, Green Biz, Secondary Offering, ,

Solar Shines (SPWRA, FSLR)

SunPower Corporation (NASDAQ:SPWRA, SPWRB) reported strong earnings after markets closed yesterday, and the shares opened almost $4/share higher this morning. Shares are up more than 12% currently.

Analysts had expected SunPower to record revenue of $396.8 million and non-GAAP EPS of $0.57. The company came in with revenue of $401 million and non-GAAP EPS of $0.70. SunPower said than 2009 non-GAAP revenues would be in the range of $1.6-$2.0 billion, and fully diluted EPS would be in the range of $2.20-$2.80. Analysts estimates for 2009 are revenues of $1.88 billion and EPS of $2.64, about the midpoint of SunPower’s own projections.

SunPower’s solid report boosted competitor First Solar, Inc. (NASDAQ:FSLR) as well this morning. Still, First Solar shares are off 52-week highs by about 56%, and SunPower stock is off nearly 70% in the same time period.

The companies are looking to get a boost from the US government’s economic stimulus package. Because the details of that package are still murky, recovery in share prices is cautious. But since November, the trend line is slightly up.

SunPower noted that it is "encouraged by the commitment" of the new President and the new Congress to renewable energy. That’s all well and good, but that and $4 will get you a tall latte.

Paul Ausick

Posted on: January 30, 2009 – 12:36 pm in Earnings, , ,

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

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

One Solar Stock Stays Ahead of the Pack (ENER, JASO, FSLR, SPWRB, CY)

Solar_panel_picOne year ago, the share price for Energy Conversion Devices (NASDAQ:ENER) was $29.31. Shares rose to a 52-week high of $83.33, closing yesterday at $38.04. That’s off 52% from the high, but nearly 30% higher than a year ago.  However, Energy Conversion is still the only solar panel company of the major solar go-to stocks that shows a gain for the past 12 months.

Read More »

Posted on: November 11, 2008 – 11:02 am in Alternative Energy, , , , ,