Electrical Components & Equipment

Bank of America Merrill Lynch upgraded Sanofi-Aventis SA (NYSE: SNY) from “neutral” to “buy.” SNY's shares closed at $40.05 yesterday. Sanofi-Aventis' trailing-twelve-month operating margin is 24.08%. Auriga upgraded First Solar Inc (NASDAQ: FSLR) from “hold” to “buy.” FSLR's shares closed at $134...

Franklin Electric (NASDAQ: FELE) Reports Q1 EPS of $0.48 vs. $0.40 Estimate; Revenues $185.3M vs. $178M Estimate.

According to Deutsche Bank, Emerson Electric (NYSE: EMR) EMR has a good track record of successful execution and the Network Power problems appear to be less transient than first thought. Deutsche Bank said that, “With the stock now back to $57 and at a discounted 15.7x NTM EPS, we would use this...

J.P. Morgan increased its price target on General Cable (NYSE: BGC) from $45 to $50.50 in a research report published today. In the report, J.P. Morgan states this upgrade reflects "expanding valuation multiples for late-cycle industrials and slightly higher '12E EBITDA." An upgrade in price...

According to Goldman Sachs, First Solar (NASDAQ: FSLR) solid 1Q11 results are likely to be overshadowed by a push-out toward a 2H'11 weighted earnings growth trajectory. Goldman Sachs said that 1Q11 revenue of $567mn was about in-line as volume and ASP came in as expected, though 1Q EPS of $1.33...

Jefferies & Company has lowered the price target on First Solar (NASDAQ: FSLR) from $160 to $145 and maintains its Hold rating.

Morgan Stanley commented on First Solar (NASDAQ: FSLR), after the company announced its Q1 results, in a research report published today. In the report, Morgan Stanley states, "We are starting to turn more constructive on FSLR after the recent underperformance in the shares. We believe consensus...

According to Citi, First Solar (NYSE: FSLR) maintains Hold rating for now. Citi said that by maintaining C2011 EPS guide but guiding CQ2 way below its/Street estimates, it's hard to see this as anything but a disappointing Q that creates a higher 2H risk profile. “While true, and lumpiness/...

Piper Jaffray is reiterated its OW rating on shares of First Solar, Inc. (NASDAQ: FSLR). “First Solar's 1Q11 results benefitted from contracted module sales to European customers as average selling prices remained relatively stable, offsetting a deteriorating environment in Europe,” Piper Jaffray...

Axiom Capital put a Sell rating on First Solar (NASDAQ: FSLR) in a research report published today. In the report, Axiom Capital states, "When considering FSLR is guiding C2Q11 EPS to $0.86 vs. its prior C2Q11 EPS guidance of $2.11, yet has decided to reiterate its previous full-year CY11 EPS...

Hapoalim Securities lowered its Price Target on shares of First Solar, Inc. (NASDAQ: FSLR) Monday, noting that "its outlook for flat sales and lower operating income in 2Q11 leaves it even more back-end loaded." The ratings firm drops its Price Target to $105 on a Lower 13-14x Target P/E, "to...

Wunderlich Securities reiterated its Sell rating and a $126 price target on First Solar (NASDAQ: FSLR) in a research report published today. In the report, Wunderlich states, "The company left its full-year guidance largely intact, but by guiding lower than consensus for 2Q11 it made the results...

JP Morgan has raised the price target on General Cable (NYSE: BGC) from $45 To $50.50 and maintains its Neutral rating.

Dear Prime Minister Harper, Congratulations, on Monday you captured your majority, with the NDP forming historic Opposition. I'll be the first to admit that I thought it would be another minority government, but it turns out the NDP really helped you in Ontario and Quebec, taking away many long...

Powell Industries (NASDAQ: POWL) Reports EPS of $0.21 vs. $0.31 Estimate; Revenues 125.6M$ vs. $128.42M Estimate