Pacific Crest initiated on Evergreen Solar (ESLR) today with an OUTPERFORM and $17 target. The firm believes ESLR’s analyst day on June 19 should serve as a positive catalyst and quell any worries.
Pacific Crest was not so upbeat on Akeena Solar (AKNS). They see AKNS as having a geographic-concentration problem, coupled with political risk. AKNS receives 100% of its revenue in the United States, and Congress has threatened to cut solar subsidies like their European counterparts. PC initiated AKNS with a SECTOR PERFORM.
First Solar (FSLR) Threatened By Applied Materials (AMAT) (FSLR, AMAT)
Evergreen Solar (ESLR), SunPower (SPWR) Ramping Production Despite Fears of Capacity Glut (ESLR, SPWR, LDK, JASO, STP, TSL, YGE)
First Solar (FSLR): AmTech Sees Buying Opportunity (FSLR, ESLR, SPWR, JASO)