UBS Maintains a 'Neutral' on STR Holdings (STRI); Cutting Estimates After Q4 Review
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Price: $0.05 --0%
Rating Summary:
2 Buy, 3 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
2 Buy, 3 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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UBS maintains a 'Neutral' on STR Holdings (NYSE: STRI) price target cut from $8.50 to $6.50.
UBS analyst said, "STR sees a challenging in 1H as demand drivers have slowed due to steep FiT cuts and seasonality. STR’s 4Q11 utilization rate was 31%; however, STR generated $26M in operating cash flow in 4Q11. We believe First Solar’s recent module reliability problems in hot climates are likely not attributed to STR’s encapsulants."
"STR guided its 1Q12 Sales/EPS to $30M/$0.06 (STR’s receipt of $7.2M settlement benefit included) vs. consensus estimates of $38M/$0.07. We estimate operating break-even for STR at about $33M..." (UBS lowers FY12 EPS estimate from $0.50 to $0.30 and FY13 from $0.80 to $0.50)
For an analyst ratings summary and ratings history on STR Holdings click here. For more ratings news on STR Holdings click here.
Shares of STR Holdings closed at $6.26 yesterday.
UBS analyst said, "STR sees a challenging in 1H as demand drivers have slowed due to steep FiT cuts and seasonality. STR’s 4Q11 utilization rate was 31%; however, STR generated $26M in operating cash flow in 4Q11. We believe First Solar’s recent module reliability problems in hot climates are likely not attributed to STR’s encapsulants."
"STR guided its 1Q12 Sales/EPS to $30M/$0.06 (STR’s receipt of $7.2M settlement benefit included) vs. consensus estimates of $38M/$0.07. We estimate operating break-even for STR at about $33M..." (UBS lowers FY12 EPS estimate from $0.50 to $0.30 and FY13 from $0.80 to $0.50)
For an analyst ratings summary and ratings history on STR Holdings click here. For more ratings news on STR Holdings click here.
Shares of STR Holdings closed at $6.26 yesterday.
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