Barclays on U.S. Clean Technology & Renewables: Initiating Coverage: Green Shoots Will Take Time to Blossom
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Price: $147.05 -1.92%
Rating Summary:
22 Buy, 28 Hold, 13 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 17
Rating Summary:
22 Buy, 28 Hold, 13 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 17
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Barclays on U.S. Clean Technology & Renewables: Initiating Coverage: Green Shoots Will Take Time to Blossom
Barclays analyst, Olga Levinzon, said, "While Near-Term Headwinds Remain, Rising Energy Demand a Long-Term Positive: "Once bitten, twice shy" sums up investor sentiment, which has reached a low point, bringing valuations in the clean technology and renewables sector at or below recessionary lows. However, despite near-term investor pessimism, rising energy demand spurred by global population growth, coupled with low market penetration, suggests a multi-year secular growth opportunity that is too big to ignore. The need to fill the gap between energy needs and what fossil fuels can provide, together with growing private sector investment even in a challenging macro environment, supports our more sanguine view in the long term. Balancing near-term headwinds and long-term positives, we initiate coverage with a Neutral view on the sector."
"Despite a Challenging Environment, We See Pockets of Opportunity in Electric Vehicles and Energy Efficiency: As government stimulus and regulatory incentives diminish amid macro challenges and a focus on fiscal austerity, the next phase of development for the industry will be demand driven, fueled by technologies that provide an attractive cost/value proposition..."
"Our Top Picks are TSLA, ELT, AMRC, and PWER: Telsa Motors (Nasdaq: TSLA) is our preferred stock in the electric vehicle space. The company is well positioned to capture market share as it provides a premium product to a premium consumer. In the energy efficiency space, we believe Ameresco (Nasdaq: AMRC)(PT $14) is best placed to benefit from federal mandates. In smart grids, Elster (NYSE: ELT)(PT $18) is best positioned to capture the next wave of stimulus spending in Europe, relative to its peers. Lastly, we consider Power-One's (Nasdaq: PWER)(PT $7) rising share in a comparatively less commoditized market in the solar food chain attractive. We also initiate coverage on A123 Systems (Nasdaq: AONE)(PT $4), First Solar (Nasdaq: FSLR)(PT $52), GT Advanced (Nasdaq: GTAT)(PT $9), and Itron (Nasdaq: ITRI)(PT $38) with Equal Weight ratings."
Barclays analyst, Olga Levinzon, said, "While Near-Term Headwinds Remain, Rising Energy Demand a Long-Term Positive: "Once bitten, twice shy" sums up investor sentiment, which has reached a low point, bringing valuations in the clean technology and renewables sector at or below recessionary lows. However, despite near-term investor pessimism, rising energy demand spurred by global population growth, coupled with low market penetration, suggests a multi-year secular growth opportunity that is too big to ignore. The need to fill the gap between energy needs and what fossil fuels can provide, together with growing private sector investment even in a challenging macro environment, supports our more sanguine view in the long term. Balancing near-term headwinds and long-term positives, we initiate coverage with a Neutral view on the sector."
"Despite a Challenging Environment, We See Pockets of Opportunity in Electric Vehicles and Energy Efficiency: As government stimulus and regulatory incentives diminish amid macro challenges and a focus on fiscal austerity, the next phase of development for the industry will be demand driven, fueled by technologies that provide an attractive cost/value proposition..."
"Our Top Picks are TSLA, ELT, AMRC, and PWER: Telsa Motors (Nasdaq: TSLA) is our preferred stock in the electric vehicle space. The company is well positioned to capture market share as it provides a premium product to a premium consumer. In the energy efficiency space, we believe Ameresco (Nasdaq: AMRC)(PT $14) is best placed to benefit from federal mandates. In smart grids, Elster (NYSE: ELT)(PT $18) is best positioned to capture the next wave of stimulus spending in Europe, relative to its peers. Lastly, we consider Power-One's (Nasdaq: PWER)(PT $7) rising share in a comparatively less commoditized market in the solar food chain attractive. We also initiate coverage on A123 Systems (Nasdaq: AONE)(PT $4), First Solar (Nasdaq: FSLR)(PT $52), GT Advanced (Nasdaq: GTAT)(PT $9), and Itron (Nasdaq: ITRI)(PT $38) with Equal Weight ratings."
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