Analyst upgrades:

• UBS upgraded Target (NYSE: TGT) to Buy from Neutral and raised its price target to $52 from $45 citing reduced inventories, some credit stability, and an improved back-to-school period.
• Credit Suisse said concerns regarding Safeway's (NYSE: SWY) price position are overblown and that earnings risk is limited. The firm upgraded shares to Outperform from Neutral and raised the target price to $25 from $22.
• Oppenheimer upgraded Canadian Solar (NASDAQ: CSIQ) to Outperform from Perform as it believes the story is underappreciated following the recent sector rally. The firm has a $14 price target on the stock.
• CME Group (NASDAQ: CME) was upgraded to buy from Neutral at Goldman.
• Freeport McMoRan (NYSE: FCX) was upgraded to Overweight from Neutral at JP Morgan.
• Gilead Sciences (NASDAQ: GILD) was upgraded to Buy from Neutral at FTN Equity.

Continue reading Analyst upgrades, downgrades and initiations: TGT, SWY, CSIQ, HOTT, MPEL, RIO, CPB, CVD and HGG

Analyst upgrades, downgrades and initiations: TGT, SWY, CSIQ, HOTT, MPEL, RIO, CPB, CVD and HGG originally appeared on BloggingStocks on Thu, 21 May 2009 11:10:00 EST. Please see our terms for use of feeds.

Canadian Solar (NASDAQ: CSIQ) develops, manufactures and markets solar module products for the conversion of sunlight into electrical energy. Offerings include solar panels for residential and industrial use, plus customized modules that customers incorporate into their own products. The modules power such special-purpose devices as bus stop lighting systems and vehicle battery chargers. Canadian Solar is incorporated in Ontario, but conducts all of its manufacturing operations through six subsidiaries in China. The firm is actively involved in government projects to bring solar power to rural Chinese communities. Clients are distributors, systems integrators and manufacturers in North America, Asia and Europe.

The company pleased investors last week, when it raised its 2008 output guidance from 200-220 MW to 230-260 MW and boosted its estimated annual revenue from $650-$750 million to $750-$870 million ($836.06M consensus). Management pointed to continued robust market demand for its products.

Continue reading Canadian Solar (CSIQ): Share price defines bullish 'flag' formation

Canadian Solar (CSIQ): Share price defines bullish 'flag' formation originally appeared on BloggingStocks on Mon, 23 Jun 2008 10:22:00 EST. Please see our terms for use of feeds.

Canadian Solar (NASDAQ: CSIQ) is recently up $5.97 to $48.49 after increasing its 2008 annual revenue and output guidance to reflect the sales of e-Module products.

CSIQ call option volume of 15,574 contracts compares to put volume of 5,013 contracts. CSIQ July call option implied volatility is at 86; puts are at 97; near its 26-week average according to Track Data, suggesting non-directional price risk. CSIQ puts are more expensive than calls because CSIQ is difficult to borrow.

Option Update is provided by Stock Specialist Paul Foster of theflyonthewall.com

Option Update: Canadian Solar (CSIQ) calls active on increased guidance originally appeared on BloggingStocks on Tue, 17 Jun 2008 11:33:00 EST. Please see our terms for use of feeds.

Continue reading Suntech Power (STP) delivers solid quarter; SOLF downgrade affects sector

Suntech Power (STP) delivers solid quarter; SOLF downgrade affects sector originally appeared on BloggingStocks on Thu, 22 May 2008 15:03:00 EST. Please see our terms for use of feeds.

Canadian Solar (NASDAQ: CSIQ) develops, manufactures and markets solar module products for the conversion of sunlight into electrical energy. Offerings include solar panels for residential and industrial use, plus customized modules that customers incorporate into their own products. The modules power such special-purpose devices as bus stop lighting systems and vehicle battery chargers. Canadian Solar is incorporated in Ontario, but conducts all of its manufacturing operations through six subsidiaries in China. The firm is actively involved in government projects to bring solar power to rural Chinese communities. Clients are distributors, systems integrators and manufacturers in North America, Asia and Europe.

The company pleased investors last week, when it reported Q1 EPS of 61 cents and revenues of $171.2 million. Analysts had been looking for 31 cents and $151.9 million. The CEO cited robust market demand, strong pricing and effective management of foreign exchange exposure for the successful quarter. Management also guided Q2 revenues to $185-$190 million, versus consensus of $167.62 million.

Continue reading Canadian Solar (CSIQ): Share price cycles in bullish 'flag' pattern

Canadian Solar (CSIQ): Share price cycles in bullish 'flag' pattern originally appeared on BloggingStocks on Tue, 20 May 2008 12:00:00 EST. Please see our terms for use of feeds.

Canadian Solar (NASDAQ: CSIQ) is recently up $1.02 to $45.92 in pre-open trading as shares rally on alternate energy

CSIQ designs, manufactures and sells solar cell and module products that convert sunlight to electricity.

CSIQ overall option implied volatility of 77 is below its 26-week average of 93 according to Track Data, suggesting decreasing price risk.

Option Update is provided by Stock Specialist Paul Foster of theflyonthewall.com

Option Update: Canadian Solar (CSIQ) volatility low as shares rally originally appeared on BloggingStocks on Mon, 19 May 2008 09:40:00 EST. Please see our terms for use of feeds.

MOST NOTEWORTHY: Anadigics, Crystal River Capital and Canadian Solar were today's noteworthy downgrades:

• Oppenheimer downgraded shares of Anadigics (NASDAQ: ANAD) to Perform from Outperform on valuation following the recent run-up.
  
• Wachovia downgraded Crystal River Capital (NYSE: CRZ) to Market Perform from Outperform citing the uncertain near-term strategic outlook.
  
• Broadpoint downgraded shares of Canadian Solar (NASDAQ: CSIQ) to Buy from Strong Buy on valuation following yesterday's rally but raised their target to $45 from $29.

OTHER DOWNGRADES:

• UBS cut Sunstone Hotel Investors (NYSE: SHO) to Neutral from Buy.
  
• KeyBanc downgraded Wabtec (NYSE: WAB) to Hold from Buy.
  
• Goldman downgraded Fiserv (NASDAQ: FISV) to Neutral from Buy.
  
• Suntrust downgraded Spectrum Brands (NYSE: SPC) to Neutral from Buy.

Analyst downgrades: Anadigics, Crystal River Capital, Canadian Solar originally appeared on BloggingStocks on Wed, 14 May 2008 11:45:00 EST. Please see our terms for use of feeds.

VISICU, Inc. (NASDAQ: EICU): Philips Electronics is buying the company. The stock moved up to $11.76 from a 52-week low of $6.57.

Canadian Solar, Inc. (NASDAQ: CSIQ): Thanks to a big rally in renewable energy stocks, shares are up to $27.15 from a 52-week low of $6.50.

EMCORE Corporation (NASDAQ: EMKR): This company is buying a piece of Intel Coporation (NASDAQ: INTC)'s telecom assets. It traded up to $14.11 from 52-week low of $3.84.

Hess Corp. (NYSE: HES): The market is still bullish on oil prices and Hess moved to $90.57 from 52-week low of $45.96.

Douglas A. McIntyre is an editor at 247wallst.com.

The 52-week high club originally appeared on BloggingStocks on Tue, 18 Dec 2007 17:43:00 EST. Please see our terms for use of feeds.

Several stocks made new 52-week highs today on large volume.

Adams Respiratory Therapeutics, Inc. (NASDAQ: ARXT): Personal care products maker Reckitt Benckiser made a buy-out offer. Shares moved up to $59.30 against a 52-week low of $27.25.

MGI Pharma, Inc. (NASDAQ: MOGN): Japanese pharmaceutical maker Eisai will buy the company. Shares rose to $40.23 compared to 52-week low of $16.98.

Millennium Pharmaceuticals, Inc. (NASDAQ: MLNM): This company's late stage cancer drug shows promise. The company hit $16.62, well up from 52-week low of $9.49.

Canadian Solar Inc. (NASDAQ: CSIQ): A new contract for peer LDK Solar Co., Ltd. (NYSE: LDK) pulled the entire sector higher. Canadian Solar hit $24.83 against a 52-week low of $6.50.

DynCorp International Inc. (NYSE: DCP): A new Army contract boosted shares to $25.97, compared with a 52-week low of $13.51.

Douglas A. McIntyre is an editor at 247wallst.com.

The 52-Week high club originally appeared on BloggingStocks on Mon, 10 Dec 2007 18:15:00 EST. Please see our terms for use of feeds.

• Sunpower Corporation (NASDAQ: SPWR), the Cypress Semiconductor Corporation (NYSE: CY) spin off, makes semiconductors for solar cells and solar panels
• MEMC Electronic Materials Inc (NYSE: WFR) makes the polysilicon that is needed to manufacture the solar cells and panels based on semiconductor technology
• Suntech Power Holdings (NYSE: STP), First Solar Inc (NASDAQ: FSLR), Canadian Solar Inc (NASDAQ: CSIQ) and Trina Solar (NYSE: TSL) were other stocks mentioned.

Solar power investments warming up? originally appeared on BloggingStocks on Mon, 05 Mar 2007 14:40:00 EST. Please see our terms for use of feeds.