President-elect Barack Obama has often repeated his stance on alternative energy. He plans to spend $150 billion over 10 years on alternative energy, not only as part of his energy independence plan, but also in order to help clean the environment, and perhaps most important of all, to create 5 million new jobs.
With Obama winning in the polls, it is no wonder that on Tuesday solar stock prices soared: SunPower Corporation (NASDAQ: SPWRA) finished the day up 14.6%, Suntech Power (NYSE...
Analysts' Recommendation: Buy 30 Days Ago: Hold Analysts' Target: $13 Analysts' Targets Caris & Company $11 Above Average Friday, July 11, 2008 Lehman Brothers $15 Equal-weight Monday, June 23, 2008 Jefferies & Co. $16 Accumulate Friday, June 20, 2008 Wedbush Morgan Securities $13 Hold Friday, June 20, 2008 Stanford Group Company $13 Buy Wednesday, June 18, 2008 Kaufman Brothers $18 Buy Wednesday, May 28, 2008 RBC Capital Markets $9 Underperform Thursday, January 31, 2008 ...
Today's stock selection: ESLR Evergreen Solar Reference: S&P's Outlook
Shares rose 10% on June 19 after Evergreen landed two long-term sales contracts, totaling $600 million, with U.S.-based groSolar and Germanybased Wagner & Co. Solartechnik. This followed $1 billion of contracts in May. Production at the Massachusetts plant is slated to commence in July. The cash needed for the current expansion is likely to bring one last dilutive deal, but we project strong cash flow starting in 2010. We still see a loss of $0.10 a share in 2008, but w...
Have you opened your electric utility bill lately? Chances are you have noticed the insert sent to you by the utility company that declares their power mix or multiple generating sources that the company utilitizes to bring power to your home or business.
Commonly termed as a portfolio of electrical generating assets (not necessarily all owned by the same utility company), for most investor and publicly owned utilities [IOU/POU] the power mix includes energy generating resources such as natural gas, coal, hydroelectric, nuclear, and of late interest, renewable energy resource
5/29 - "Shares of solar power technology firms are tanking following a note from Merrill Lynch analyst Mark Heller cutting his rating on SunPower (SPWR) and Evergreen Solar (ESLR) from “Neutral” to “Sell” because Germany’s government may cut subsidies for solar by as much as 25%...According to the Bloomberg account of things, Heller thinks analysts’ expectation of a 16% cut is too low. "An increasing number of politicians are advocating a bigger cut to the German solar subsidy due to the escalating cost,” Bloomberg quotes a Merrill analyst, Matthew Yates, as writing in the report."
"In the...
Evergreen Solar (NASDAQ: ESLR) develops, manufactures and markets solar power products. Its proprietary String Ribbon technology process is used to make photovoltaic cells that convert sunlight into electricity. These are the primary components of solar panels used to power such systems as highway call boxes, microwave stations, billboard lighting mechanisms and rural electric power sources. Most of the firm's sales involve customers in the United States.
Evergreen had good news for investors late last week. German-based Ralos Vertrieb
4/7 - "Evergreen Solar Inc. (NASDAQ: ESLR) shares are trading higher after the company announced it has started an expansion project to double the capacity of its Devens, Mass., plant to 160 megawatts by the end of next year...For a bullish hedged play on this stock, I would consider a September bull-put credit spread below the $7.50 range. A bull-put credit spread is an options position that combines the purchase and sale of put options to hedge risk in case the stock doesn't do what you think but still leverage nice returns. For this particular trade, we will make a 16.3% return in just f...
Another solar name that will continue to run up. Stock reported an earnings surprise last quarter and is expected to report in the coming week. With crude reaching new all-time highs, solar and wind are still the best alternative energy sources. Company has also begun production on a new manufacturing facility and you don't bump up manufacturing if there isn't demand for the product. In general, demand for solar energy will only increase in the coming years.
3/24 - "Cowen & Co is out with a positive call on solar stocks, saying most of the U.S. solar names look undervalued relative to growth and earnings, in their view, reflecting four areas of investor concern: uncertainty about the next phase of subsidies in Spain, Germany and the U.S.; and the tension between silicon supply/cost and module ASP/demand. Each of these is likely to be clarified in the next two to six months, underpinning a group rally. Firm reiterates Outperform on ENER, ESLR, FSLR, HOKU, SPWR, STP, and TSL."
"Notablecalls: As you can remember, SunTech (NYSE:STP) has been Cowen...
4/1 - "Lazard Capital Markets analyst Sanjay Shrestha has come out maintaining his Buy recommendation on several names in the alternative energy space."
"Energy Conversion Devices (NASDAQ: ENER) maintain BUY rating and $40.00 target...Canadian Solar (NASDAQ: CSIQ) was also maintained as a BUY rating with the current $21.24 price being short of the $24.00 price target....Evergreen Solar (NASDAQ: ESLR) was also maintained as a BUY rating with its $9.09 being well short of its $15.00 target."
IT'S A US COMPANY, THE DOLLAR IS GOING LOWER, MAKING THIS A LEAST EXPENSIVE PRODUCT FOR EUROPE. Mkt. CAP 1.8 BILLION. IT'S A HOT STOCK, under priced in my opinion. Just look at FSLR track record. It's taken some time to take off, because of production, but thats all in the past now.
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- MediaSentiment.com FREE alerts on 10/16/08, One Thumb Down on ESLR issued at 4:12 pm est.
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About Evergreen Solar Inc
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President-elect Barack Obama has often repeated his stance on alternative energy. He 
