Louis Navellier’s Quantum Growth Update is positive on FLS, GEOY, SPSS, & TMO; and cautious on ERJ, GHL, NOK, & TEX.
Analyst Sees 100%+ Upside In Many Solar Stocks (ENER, ESLR, FSLR, SPWR, STP)
Lazard Capital Markets’ Sanjay Shrestha, who covers alternative energy and infrastructure for the firm, has come out and maintained his Buy ratings on many key solar stocks this morning. The catalyst is ahead of Photon International annual Photovoltaic Technology Show next week in Munich, Germany. Here are the targets on several stocks:
Energy Conversion Devices, Inc. (NASDAQ: ENER) maintained BUY with $26.57 current price, target price is $40.00.
Evergreen Solar (NASDAQ: ESLR) maintained BUY with $8.39 current price, target price is $15.00.
First Solar, Inc. (NASDAQ: FSLR) maintained BUY with $209.50 current price, target price is $250.00.
SunPower Corporation (NASDAQ: SPWR) maintained BUY with $68.24 current price, target price is $185.00.
Suntech Power Holdings Co. Ltd.(NYSE: STP) maintained BUY with $34.45 current price, target is $90.00.
Shrestha’s favorite long-term names remain SunPower, Suntech, and First Solar, with Suntech and SunPower having significantly underperformed the group YTD. He also noted, “We believe companies with the right strategic alignment for silicon supply, a vertically integrated model providing sourcing flexibility, and solid downstream presence will perform well.”
ORCL: Currency benefit increases confidence in Q3 upside@PACS
Pacific Crest believes currency could add $67M-$129M to Q3 revenue. They maintain an Outperform rating and $30 target.
MSFT: Expect 10% bid increase for Yahoo, maintain Market Perform@OPCO
After meeting with Microsoft’s management, Oppenheimer thinks the company will raise its bid for Yahoo (YHOO) by about 10%, compared with the firm’s prior estimate of a 20% increase. Microsoft is more price sensitive than the firm expected, and the company has alternative plans to rejuvenate its online business if the Yahoo bid fails, according to the firm.
Yahoo (YHOO), trading up +2.83% after Citigroup suggested Microsoft (MSFT) might bid $34 for the shares.
BlackBerry providers given 15-day deadline to adhere to security-Times of India
India’s government has said telecom companies that provide BlackBerry (RIMM) services must adhere to security norms within fifteen days or else risk termination of the service. Operators are confident there will be no disruption in BlackBerry service and believe they will meet this deadline
Anadarko Petroleum-APC 8am investor meeting in New York on 3/25 sponsor Co
APC sees 2008 production volumes 207-212M BOE
Previous guidance was for 205-210M BOE.
