Momentum in Solar Stocks Could Continue (SUNE) (ENPH) (SPWR) (TSL) (YGE)
Tweet
Share
E-mail
Get Alerts SUNE Hot Sheet
Price: $0.34 --0%
Rating Summary:
11 Buy, 6 Hold, 3 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 12 | New: 13
Rating Summary:
11 Buy, 6 Hold, 3 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 12 | New: 13
Join SI Premium – FREE
Deutsche Bank today reiterate Buy ratings on SunEdison (NYSE: SUNE) and Enphase (Nasdaq: ENPH). Analyst Vishal Shah also sees near term positives in Hold-rated SunPower (Nasdaq: SPWR) Trina Solar (NYSE: TSL) and Yingli Green Energy (NYSE: YGE). Comment come ahead of the upcoming Intersolar trade show in San Francisco next week and further evidence of improving solar fundamentals.
"Checks indicate further tightness across the solar supply chain. Large module companies are in allocation mode and demanding prepayments from downstream customers, particularly in markets such as the US. Most of the strength appears to be coming from sustainable markets such as Japan, US, India and China," said Shah.
"Checks indicate module prices from tier 1 solar companies are now ~71-73c/W vs ~60-63c/W in early Feb (most street models still have low 60c/W ASPs for Q2-Q4). We expect strengthening module pricing environment to positively impact gross margins in Q2/2H13 timeframe. Moreover, we see upside to module shipments outlook to also drive positive earnings momentum for the Chinese solar companies during the upcoming earnings season," he added.
For an analyst ratings summary and ratings history on SunEdison (NYSE: SUNE) click here. For more ratings news on SunEdison click here.
Shares of SunEdison closed at $8.28 yesterday.
"Checks indicate further tightness across the solar supply chain. Large module companies are in allocation mode and demanding prepayments from downstream customers, particularly in markets such as the US. Most of the strength appears to be coming from sustainable markets such as Japan, US, India and China," said Shah.
"Checks indicate module prices from tier 1 solar companies are now ~71-73c/W vs ~60-63c/W in early Feb (most street models still have low 60c/W ASPs for Q2-Q4). We expect strengthening module pricing environment to positively impact gross margins in Q2/2H13 timeframe. Moreover, we see upside to module shipments outlook to also drive positive earnings momentum for the Chinese solar companies during the upcoming earnings season," he added.
For an analyst ratings summary and ratings history on SunEdison (NYSE: SUNE) click here. For more ratings news on SunEdison click here.
Shares of SunEdison closed at $8.28 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Gilead Sciences (GILD) Misses Q1 EPS by 288c
- The Bancorp (TBBK) Reports In-Line Q1 EPS
- SkyWest (SKYW) Tops Q1 EPS by 28c, Beats on Revenue
Create E-mail Alert Related Categories
Analyst Comments, Analyst EPS View, Insiders' BlogRelated Entities
Deutsche Bank, EarningsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
