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Power Conversion Industry to Appeal SynQor Patent Trial Judgment
Wednesday, August 24, 2011 - 8:33am | 187Bel Fuse (NASDAQ: BELFA), Lineage Power, and Power-One (NASDAQ: PWER) today announced their intent to appeal the judgment in the SynQor v. Artesyn patent infringement case to the United States Court of Appeals for the Federal Circuit. Artesyn Technologies, Inc., Astec America, Inc., Delta...
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UPDATE: Oppenheimer Lowering Price Target On Regal-Beloit
Wednesday, August 24, 2011 - 7:44am | 118Oppenheimer & Co. is out with a research report on Regal-Beloit (NYSE: RBC) and is lowering its price target to $71 from $77, but it has an Outperform rating on shares. In a note to clients, Oppenheimer & Co. writes, "We have updated our model for the EPC acquisition, closed Monday, August...
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Ener1 Powers Record-Breaking SuperBike
Wednesday, August 24, 2011 - 7:31am | 58Powered by Ener1 (NASDAQ: HEV) Lightning Motorcycles shattered the land-speed record for an electric motorcycle (class APS-Omega) last week at 215.90 mph. Lightning's SuperBike set the record during the 63rd annual Bonneville SpeedWeek on the Bonneville Salt Flats outside Wendover, Utah. Ener1...
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UPDATE: Oppenheimer Lowers PT on Regal-Benoit to $71
Wednesday, August 24, 2011 - 7:12am | 84Oppenheimer is out with its report today on Regal-Benoit (NYSE: RBC), lowering its PT to $71 from $77. In its report, Oppenheimer writes, "We are lowering our PT to $71 from $77, 13x '12E EPS, which compares conservatively to RBC's mid-cycle historical average multiple of about 15x, but more...
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SunPeak Solar Selects Suntech for 23MW Power Plant in Southern California
Wednesday, August 24, 2011 - 7:02am | 50Suntech Power Holdings Co., Ltd. (NYSE: STP), today announced that it has been selected by SunPeak Solar, LLC, a California-based, privately-owned solar energy project developer, to supply 28.7MW (DC) of solar panels for a 23MW (AC) solar power plant in Niland, California.
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Top 4 Small-Cap Stocks In The Industrial Electrical Equipment Industry With The Highest Operating Margin
Wednesday, August 24, 2011 - 3:15am | 128Below are the top small-cap industrial electrical equipment stocks on the NYSE and the NASDAQ in terms of operating margin. The trailing-twelve-month operating margin at JinkoSolar Holding Company Limited (NYSE: JKS) is 21.01%. JKS' PEG ratio is 0.19. The trailing-twelve-month operating margin at...
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UPDATE: Maxim Lowers PT on Suntech Power Holdings to $2.50
Tuesday, August 23, 2011 - 8:03am | 123Maxim is out with its report today on Suntech Power Holdings (NYSE: STP), lowering its PT to $2.50 from $4. In its report, Maxim writes, "Our forecast for negative EPS and cash flow make valuation on P/E and DCF impossible, while we view book value as an irrelevant measure given negative operating...
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JA Solar Raised to 'Hold' by Axiom Capital
Tuesday, August 23, 2011 - 7:50am | 29JA Solar Holdings Co Ltd (NASDAQ: JASO) was raised to "Hold" from "Sell" at Axiom Capital by equity analyst Gordon Johnson.
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Orbit International's Power Group Receives $458K Follow-on Order for Its COTS Division
Tuesday, August 23, 2011 - 7:45am | 62Orbit International Corp. (NASDAQ: ORBT) today announced that its Power Group, through its Behlman Electronics, Inc. subsidiary, received a $458,000 follow-on order for a COTS power supply for a computer system used on a major missile defense system. Deliveries are expected to commence in the...
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UPDATE: Piper Jaffray Lowering Price Target On Suntech Power
Tuesday, August 23, 2011 - 7:16am | 160Piper Jaffray is out with a research report on Suntech Power Holdings (NYSE: STP) and is lowering its price target to $4 from $6, and keeping its Underweight rating on shares. In a note to clients, Piper Jaffray writes, "STP continues to suffer from its lack of vertical integration as it faces ASP...
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Axiom Capital Downgrades JA Solar To Sell
Tuesday, August 23, 2011 - 7:12am | 21Axiom Capital has downgraded JA Solar Holdings (NASDAQ: JASO) from Hold to Sell.
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Benzinga's Top Downgrades
Tuesday, August 23, 2011 - 7:07am | 118Collins Stewart downgraded Suntech Power Holdings Co Ltd (NYSE: STP) from “neutral” to “sell.” STP's shares closed at $5.07 yesterday. STP's trailing-twelve-month ROA is 3.87%. Lincare Holdings Inc (NASDAQ: LNCR) was downgraded by Citigroup from "buy" to "hold." LNCR's shares closed at $20.22...
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UPDATE: Wunderlich Lowers PT on First Solar to $95
Tuesday, August 23, 2011 - 7:02am | 145Wunderlich is out with its report today on First Solar (NASDAQ: FSLR), lowering its PT to $95 from $118. In its report, Wunderlich writes, "We are lowering our price target on the shares of First Solar, Inc. to $95 from $118 to reflect the lower value of the Amex Oil Index (XOI). Since 78% of the...
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Goldman Sachs Neutral On Cooper Industries
Tuesday, August 23, 2011 - 6:55am | 106Goldman Sachs is out with a research report on Cooper Industries Plc (NYSE: CBE) and it has a Neutral rating and a $58 price target on shares. In a note to clients, Goldman Sachs writes, "We maintain our Neutral rating and $58, 12-month target price (13X 2012E P/E) but lower our 3Q EPS estimate to...
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UPDATE: Oppenheimer Lowers PT on Thomas & Betts to $64
Tuesday, August 23, 2011 - 6:52am | 101Oppenheimer is out with its report today on Thomas & Betts (NYSE: TNB), lowering its PT to $64 from $71. In its report, Oppenheimer writes, "We are reducing our PT to $64 from $71, based on 16x '12E EPS of $4.05, in line with the lower end of TNB's and peer group's historical mid-cycle...