|
Analysts See Chipmaker Solar Strife |
|
| Apr 14, 2008 03:25 PM UTC |
|
Tracked Blogger
|
4/11 - "Credit Suisse analyst Satya Kumar downgraded Applied Materials shares to "Neutral" from "Outperform" on Monday, saying its stock is "trading purely on solar" without factoring in several risks...Goldman Sachs analyst James Covello also said investors are "ascribing too high a multiple to Applied's solar business" in a March 27 note. Applied's thin-film products have not yet been tested in commercial production. However, the market is valuing its earnings potential at the same level as one of the leading thin-film companies, First Solar Inc., according to Covello. He also said investors have underestimated the risk that Applied's chip orders will fall short due to high capacity and weaker margins." "MEMC is another company that may face a cloudier solar horizon than Wall Street expected. The St. Peters, Mo.-based silicon producer has focused on selling its wares to solar-power companies in recent years. However, according to Deutsche Bank analyst Steve O'Rourke, MEMC is having "growing pains" due to "execution missteps" in its solar business. MEMC put too much emphasis on steadying its revenue stream via silicon wafer contracts, O'Rourke said, thereby limiting its ability to take advantage of surging spot prices." 
Read the rest of original post »
|
Add Comment
|
|
IN THE PRESS |
|
|
|
|
|
|
| About | RSS | Feedback | Contact Us | Terms of Service | Privacy |
© 2009 FinancialContent Services, Inc. |
|
Data powered by FinancialContent. All Rights Reserved. Quotes delayed at least 20 minutes unless otherwise indicated. |
|
None of the information contained on SocialPicks.com constitutes a recommendation by SocialPicks or its users that any particular security, portfolio of securities, transaction, or investment strategy is suitable for any specific person. SocialPicks is not responsible for the posts, discussions, and recommendations of the users on the Site. SocialPicks does not provide investment advice. You must make your own independent decisions regarding any security, portfolio of securities, transaction, or investment strategy mentioned on the website. SocialPicks' users' past results are not necessarily indicative of future performance. Neither SocialPicks nor any of its users guarantees any specific outcome or profit, and you should be aware of the real risk of loss in following any strategy or investments discussed on the website. You understand and agree that you use the Site and Services at your own discretion and risk and that you will be solely responsible for any damages that arise from such use. Before acting on any information contained on the website, you should consider whether it is suitable for your particular circumstances and strongly consider seeking advice from your own financial or investment adviser. |
