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Why the European Short Sale Ban Won't Work
Friday, August 12, 2011 - 12:36pm | 465By Todd Harrison The following is the "Public Statement" from the European Securities and Markets Authority: ESMA promotes harmonized regulatory action on short-selling in the EU European financial markets have been very volatile over recent weeks. The developments have raised concerns for...
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Industrials, Oil & Gas, and Consumer Goods Lead Market Rally
Friday, August 12, 2011 - 11:37am | 531Major U.S. Indexes are building upon yesterday's gains, on the heels of a 0.5% increase in retail sales – the biggest gain since March. August Consumer sentiment, however, plunged from 63.7 in July to 54.9 – its lowest level since May of 1980. The market seems to be shrugging off the consumer...
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Profiting from European Bans on Short Selling
Friday, August 12, 2011 - 7:31am | 648France, Italy, Spain and Belgium announced that they are introducing restrictions on short selling in a fight against market volatility that they say is being caused by the abusive spread of false rumors. French banking stocks took a hit earlier this week as rumors spread that the banks' financial...
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Stifel Nicolaus Lowers PT On ENS, NVDA
Friday, August 12, 2011 - 7:06am | 39Stifel Nicolaus has lowered the following price targets: EnerSys (NYSE: ENS) Buy, PT from $45 to $30 NVIDIA Corporation (NASDAQ: NVDA) Buy, PT from $29 to $25
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Benzinga's Top Downgrades
Friday, August 12, 2011 - 7:02am | 119DeVry Inc (NYSE: DV) was downgraded by Robert W. Baird from "outperform" to "neutral." DeVry's shares closed at $53.39 yesterday. DeVry's trailing-twelve-month ROA is 15.35%. Ardour Capital downgraded Enersys (NYSE: ENS) from “buy” to “accumulate.” ENS' stock closed at $20.74 yesterday. Enersys'...
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UPDATE: Goldman Sachs Lowering Price Target On Ener1
Friday, August 12, 2011 - 6:55am | 192Goldman Sachs is out with a research report on Ener1, Inc. (NYSE: HEV) and is lowering its price target to $1. It has a Neutral rating on shares. In a note to clients, Goldman Sachs writes, "Ener1 announced a delay in the release of its 10-Q, which we believe may be related to a potential prior-...
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Options Brief: Yingli Green Energy
Thursday, August 11, 2011 - 2:26pm | 65Shares of Yingli Green Energy (NYSE: YGE) are higher on the session by 8.97%, trading at $6.32. Overall call volume is now running at 4.41x the daily average, with 79% of all calls traded being purchases on the offer. 7,141 contracts have traded on the session so far. Yingli Green Energy Holding...
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Wednesday's Green Energy Stocks Trading: Suntech Power, First Solar, Yingli, Clean Wind Energy Tower
Thursday, August 11, 2011 - 10:33am | 829Point Roberts WA - August 11, 2011 (Investorideas.com renewable energy/green newswire) Investorideas.com, a leader in cleantech investor research, reports on trading for renewable energy stocks for 10 th Aug. Solar stocks gave investors notable gains in another extremely volatile and down day of...
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Axiom Capital Comments On First Solar
Thursday, August 11, 2011 - 8:48am | 136Axiom Capital Research provided color on First Solar (NASDAQ: FSLR) in a research report published today. Axiom Capital has previously given First Solar a Sell rating. In the report, Axiom Capital states, "While the market has shunned recent share sales by a number of FSLR executives, we see the...
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American Superconductor Announces Workforce Reduction by 30%; Continues to Work on Restated Financial Statements
Thursday, August 11, 2011 - 7:08am | 197American Superconductor Corporation (NASDAQ: AMSC) announced that it has reduced its global workforce by approximately 30 percent and its annualized expenses by approximately $30 million since March 31, 2011. These reductions were made to better align costs with the company's revenue expectations,...
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Wunderlich Securities Reiterates Sunpower Hold, $16 PT
Wednesday, August 10, 2011 - 11:25am | 105Wunderlich Securities reiterated its Sunpower (NASDAQ: SPWRA) Hold rating and $16 price target in a research report published today. In the report, Wunderlich Securities states, "SunPower (SPWRA) reported 2Q11 results after the close last night and, on a pro-forma basis, beat the top line and...
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Auriga Maintains Sell on SunPower
Wednesday, August 10, 2011 - 8:45am | 61Auriga is out with its report today on SunPower (NASDAQ: SPWRA), maintaining Sell. In its report, Auriga writes, "In view of continued weakness in fundamentals and a subpar business model, we maintain our Sell rating and $14 price target." At the time of posting, shares of SPWRA were trading at $...
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Ford and SunPower Team up to Let Focus Electric Customers 'Drive Green for Life'
Wednesday, August 10, 2011 - 8:30am | 404Ford (NYSE: F) and SunPower Corp. (NASDAQ: SPWRA) have teamed up to offer customers a rooftop solar system that will allow Focus Electric owners to "Drive Green for Life" by providing customers with enough clean, renewable energy to offset the electricity used to charge the vehicle. "Under the '...
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Piper Jaffray Reiterates Neutral and PT of $20 on SunPower
Wednesday, August 10, 2011 - 8:16am | 42Piper Jaffray reiterated its Neutral rating on SunPower (NASDAQ: SPWRA). At the same time, the rating agency left its price target on the company's stock unchanged at $20. On Tuesday, SPWRA closed the day at $16.24.
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Citi Maintains Hold Rating On SunPower
Wednesday, August 10, 2011 - 7:26am | 84According to Citi, SunPower (NASDAQ: SPWRA) Hold rating is maintained. Citi said that although SPWRA is accelerating its cost reductions, it is really struggling to maintain pace with peers as CQ4:11 cost/W of $1.48 is well above where competitors are already pricing. “While we remain negative on...