Posts Tagged ‘solar’

Buzz Stocks for the week of 3/16/09- BWLD, PNR, ITT, TOL, CSUN

Friday, March 20th, 2009

Here’s a quick recap of this week’s Buzz Stocks.

3 out of our 5 daily buzz stocks ended the week higher.

Monday
Buzz Stock of the Day:

Buffalo Wild Wings, Inc. (Nasdaq: BWLD)
Open (3/16/09): $34.81
Close (3/20/09): $36.45
Percentage Change: +4.7
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Tuesday
Buzz Stock of the Day:
Pentair, Inc. (NYSE: PNR)
Open (3/17/09): $19.01
Close (3/20/09):
$20.33
Percentage Change: +6.9
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Wednesday
Buzz Stock of the Day:

ITT Corp. (NYSE: ITT)
Open (3/18/09): $37.63
Close (3/20/09): $37.72
Percentage Change:
+0.23
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Thursday
Buzz Stock of the Day:
Toll Brothers, Inc. (NYSE: TOL)
Open: (3/19/09): $18.64
Closed (3/20/09): $16.54
Percentage Change: -11.2
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Friday
Buzz Stock of the Day:
China Sunergy Co., Ltd. (Nasdaq: CSUN)
Open (3/20/09): $2.10
Close (3/20/09): $2.00
Percentage Change: -5%
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Buzz Stock of the Day- China Sunergy Co. (CSUN)

Friday, March 20th, 2009

Declines in inventory value have plagued the results of solar companies including LDK Solar Co. Ltd. (NYSE: LDK) and Canadian Solar, Inc. (Nasdaq: CSIQ), both of which have all felt the crunch from the write downs they have to take because of cancellations and postponed orders that have resulted from current market conditions.

Another key contributor to the lackluster performance of solar companies is a pullback in solar subsidies in Germany and Spain and a strengthening U.S. dollar against the euro, which has sent prices of solar products tumbling.

Our Buzz Stock of the Day, China Sunergy Co., Ltd. (Nasdaq: CSUN) is no exception.

“China Sunergy has faced the same unprecedented and volatile environment as many of our peers across the solar sector, as a result of the ongoing global financial crisis,” according to China Sunergy Chief Executive Dr. Allen Wang.

Excluding items, China Sunergy reported an adjusted loss of 42 cents per ADS, wider than analysts’ estimates of a loss of 32 cents. Revenue fell nearly 40 percent to $43.2 million. Weak demand and prices hit China Sunergy’s gross margins, which came in at negative 33.1 percent for the quarter.

But “expectations were pretty low,” according to Jeffries’ analyst Paul Clegg, who doubted that investors would be”deeply disappointed relative to expectation.”

Clegg said there was a lot of uncertainty on when demand in the end markets would recover and investors “would be well served to take a conservative outlook in 2009.”

Despite the dim results, there is a ray of sunshine in China Sunergy’s future.

The company said it expects margins to be “definitively” positive in the second quarter and sees it in the range of 15 percent to 20 percent for the second half of the year.

The number of solar cells the company shipped in 2008 increased 45 percent over 2007. China Sunergy said it will continue to focus on growing sales of its high efficiency cells as a percentage of total shipments to benefit from increased margins.

China Sunergy remained cash flow positive despite a 39 percent decline in overall shipments, to 14.1 megawatts (MW). The company expects to shipments of between 150 MW to 200 MW for 2009.

“We expect conditions to remain difficult in the coming quarter, however we retain our belief and confidence that our advanced solar cell offerings, coupled with our R&D, engineering and manufacturing capabilities will ensure the Company fulfills its long-term potential,” Wang said.

Buzz Stock of the Day: Energy Conversion Devices (ENER)

Friday, March 13th, 2009

The majority of analysts that cover Energy Conversion Devices (Nasdaq: ENER) rate the stock a “hold,” and for good reason.

Market adoption for the company’s photovoltaic thin film technology is growing. The light-weight, flexible laminates are “ideal for commercial and residential rooftop and building integrated PV installations, both of which offer significant growth opportunities,” according to Raymond James (NYSE: RJF) analyst Pavel Molchanov, who has a $37 price target for ENER and projected an EPS growth rate of 25 percent over the next three-years.

ENER could also be one of the big winners from the Obama administration’s stimulus plan. New federal incentives will allow many Americans to immediately lower the price of electricity by installing solar panels on their rooftops, and recoup 30 percent of the installation costs through U.S. treasury grants.

Market sentiment for the Energy Conversion Devices’ prospects is positive, as well. According to the Motley Fool, roughly 93 percent of CAPS members were bullish on ENER, despite the fact that the company cut its June fiscal year revenue guidance from the $455 million to $485 range to a range in the low $400’s.

Shares of ENER are actually up on a trailing-12-month basis, and have outperformed the S&P 500 over the last . The Company has a 67.6 percent gross profit margin, a 7.3 percent return on equity (yoy) and is sitting on about $433 million in cash.

Top 10 Buzz Stocks for 2009- AAPL, AVAV, ENER, FLR, EDU, SPWRA, TER, PEP, STJ, CHU

Tuesday, January 13th, 2009

Here’s a list of the Top 10 Buzz Stocks (in no particular order) to keep on your radar in 2009:

10. Apple (Nasdaq: AAPL)– best in class in almost every category they compete in; staying power, innovation, and a lot of growth here.

9. AeroVironment (Nasdaq: AVAV)– Promising projects in wind power and unmanned vehicles.

8. Energy Conversion Devices (Nasdaq: ENER)– A company in Obama’s sweet spot.

7. Fluor Corp. (NYSE: FLR)– Major player in engineering, construction, maintenance and procurement.

6. New Oriental Education (NYSE: EDU)– The biggest college prep and English instruction school in China.

5. SunPower (Nasdaq: SPWRA)- Another infrastructure play whose technology could become a mainstay in national energy policy.

4. Teradyne (NYSE: TER)– Chips need testing. This is a company with great semiconductor diagnostic technology that is primed to benefit once the chip market bounces back. Solid balance sheet–a lot more solid than many of its competitors.

3. PepsiCo (NYSE: PEP)– PEP shares have fallen from their January ’08 peak, and are a bargain where they trade right now. The company has also been a corporate leader in the push for green technologies, and is truly a global play.

2. St. Jude Medical (NYSE: STJ)– Life-saving devices that target heart disease. Higher than expected Q3 sales, and well insulated from macro turmoil.

1. China Unicom Ltd. (NYSE: CHU)– Well insulated from global turmoil; Trading at a very low earnings multiple. The company is one of only a handful of telecom players in 31 provinces, municipalities and autonomous regions in China. CHU also provides data and Internet services. If you think China will get more connected in the next year, CHU is a great play to ride that wave.