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Tuesday, November 19, 2024
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Quick Note on Solars

By Ilene
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Weakness in solar stocks, from Notable Calls,

Merrill Lynch cuts Solar Sector

SunPower (NASDAQ:SPWR) & Evergreen Solar (NASDAQ:ESLR) get cut to Sell from Neutral.

First Solar (NASDAQ:FSLR) tgt cut to $325 from $360. Maintains Buy.

German ruling CDU party says State support for solar power should fall by 30% in 2009 — Reuters

And from Notable Calls yesterday: 
– Kaufman is initiating a bunch of Solars today. My favourite is SunPower (NASDAQ:SPWR) as according to the firm the co is on track to double capacity in ’08 while their models show SunPower exceeding revenue of FSLR in ’09. Sets Buy & $120 tgt on.

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