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Yingli Green Energy Becomes Official Partner of U.S. Soccer
Wednesday, August 10, 2011 - 7:01am | 55Yingli Green Energy Holding Company Limited (NYSE: YGE) and U.S. Soccer today announced a multi-year agreement that establishes Yingli Green Energy as the first Official Renewable Energy Partner of U.S. Soccer and the U.S. Men's, Women's, and Youth National Teams through the end of 2014.
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UPDATE: Jefferies Upgrades First Solar to Buy, Raises PT to $132
Wednesday, August 10, 2011 - 6:50am | 61Jefferies upgraded its rating on First Solar (NASDAQ: FSLR) from Hold to Buy. At the same time, the rating agency raised its price target on the company's stock from $115 to $132. On Tuesday, FSLR lost 0.18% of its value to end the day at $99.70. Its shares rebounded in today's pre-market trading,...
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J.P. Morgan Underweight On SunPower
Wednesday, August 10, 2011 - 6:47am | 138J.P. Morgan Chase & Co. is out with a research report on SunPower (NASDAQ: SPWRA) and it has an Underweight rating and a $14 price target on shares. In a note to clients, J.P. Morgan Chase & Co. writes, "SunPower reported C2Q11 rev/PF EPS of $592.3mn/($0.32) vs. our ests. of $592.5mn/($0....
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Benzinga's Top Downgrades
Wednesday, August 10, 2011 - 6:37am | 122Federated Investors Inc (NYSE: FII) was downgraded by Citigroup from "hold" to "sell." FII's shares closed at $18.46 yesterday. Federated Investors' trailing-twelve-month ROA is 15.30%. Wunderlich Securities downgraded Walt Disney Company (The) (NYSE: DIS) from “buy” to “hold.” DIS's stock closed...
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UPDATE: Bank of America Merrill Lynch Downgrades Ener1 to Underperform
Wednesday, August 10, 2011 - 6:27am | 99Bank of America Merrill Lynch is out with its report today on Ener1 (NASDAQ: HEV), downgrading HEV to Underperform from Buy. In its report, Bank of America Merrill Lynch writes, "We have been too optimistic on Ener1. We like the company's battery chemistries and grid storage opportunity, but the...
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Bank of America Downgrades Ener1 To Hold, Lowers PO To $0.75
Wednesday, August 10, 2011 - 5:07am | 28Bank of America has downgraded Ener1 (NASDAQ: HEV) from Buy to Underperform and has lowered the price objective from $4 to $0.75.
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Jefferies Upgrades First Solar To Buy, Raises PT To $132
Wednesday, August 10, 2011 - 4:55am | 28Jefferies & Company has upgraded First Solar (NASDAQ: FSLR) from Hold to Buy and has raised the price target from $115 to $132.
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Oppenheimer Initiates Coverage On Fidus Investment Corp
Tuesday, August 9, 2011 - 8:10am | 156Oppenheimer & Co. is initiating coverage on Fidus Investment Corp (NASDAQ: FDUS) with an Outperform rating and a $15 price target. In a note to clients, Oppenheimer & Co. writes, "We are initiating coverage on Fidus, a business development corporation (BDC) with a focus on middle-market...
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Statement on Settlement Agreement Between National Environmental Organizations and Solar Development Companies Regarding San Luis Obispo Solar Projects
Tuesday, August 9, 2011 - 7:41am | 296Sierra Club, Defenders of Wildlife and Center for Biological Diversity issued a statement today with SunPower Corp. (NASDAQ: SPWRA, SPWRB) and Topaz Solar Farms, LLC, a subsidiary of First Solar, Inc. (NASDAQ: FSLR), on a settlement agreement regarding two solar photovoltaic power plant projects...
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Top 4 Small-Cap Stocks In The Industrial Electrical Equipment Industry With The Highest EPS Estimates
Tuesday, August 9, 2011 - 3:21am | 149Below are the top small-cap industrial electrical equipment stocks on the NYSE and the NASDAQ in terms of earnings estimate for the next year. The earnings estimate for Regal Beloit Corporation (NYSE: RBC) for the next year ending December, 2012 is $5.62 per share. RBC's PEG ratio is 0.87....
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Belden Announces $25M Share Repurchase Agreement
Monday, August 8, 2011 - 3:08pm | 116Belden Inc. (NYSE: BDC) today announced that it has entered into a prepaid variable share repurchase agreement with UBS AG to repurchase $25 million of Belden common stock. The price of the shares repurchased will be determined based on a discount to certain volume weighted average trading prices...
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GT Solar Completes Name Change to GT Advanced Technologies
Monday, August 8, 2011 - 8:47am | 161GT Advanced Technologies (NASDAQ: GTAT), today announced that the name change from GT Solar (NASDAQ: SOLR) to its new name, GT Advanced Technologies, is now complete. As part of the rebranding and new corporate identity, the company is now trading under its new GTAT stock ticker symbol on NASDAQ...
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JA Solar Sees Q2 Shipments of 400MW; In Line with Previous Shipment Guidance
Monday, August 8, 2011 - 7:07am | 75JA Solar Holdings Co., Ltd. (Nasdaq: JASO) today announced selected preliminary unaudited financial results for the second quarter of 2011. Shipments for the second quarter of 2011 are expected to be approximately 400MW, in line with the Company's previously provided shipment guidance. Gross...
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JA Solar Announces Share Repurchase Program of up to $100M
Monday, August 8, 2011 - 7:06am | 47JA Solar Holdings Co., Ltd. (Nasdaq: JASO) today announced that its board of directors has approved a share repurchase program, effective immediately, that authorizes JA Solar to repurchase up to US$100 million of its American Depositary Shares, or ADSs.
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Wunderlich Securities Reiterates Hold and PT of $1.25 on Ener1
Monday, August 8, 2011 - 2:55am | 47Wunderlich Securities reiterated its Hold rating on Ener1 (NYSE: HEV). At the same time, the rating agency left its price target on the company's stock unchanged at $1.25. On Friday, HEV added 2.6% to its value to finish the day at $0.79.