Continue reading Suntech Power (STP): Shining Opportunity?

Suntech Power (STP): Shining Opportunity? originally appeared on BloggingStocks on Thu, 03 Mar 2011 10:40:00 EST. Please see our terms for use of feeds.

Suntech Power (STP) is taking a post-earnings plunge, as traders pan the company's third-quarter report.

Wednesday morning, Suntech said its third-quarter profit climbed 11% to $33.1 million, or 18 cents per American depositary share (ADS), while revenue rose 57% to $743.7 million. Gross margin for the quarter contracted to 16.4% from 17.8%, due to lower selling prices.

Continue reading Suntech Power Tumbles to New Annual Low Following Earnings

Suntech Power Tumbles to New Annual Low Following Earnings originally appeared on BloggingStocks on Wed, 17 Nov 2010 11:30:00 EST. Please see our terms for use of feeds.

Continue reading Suntech Power Q2 Revenue Beats Estimates

Suntech Power Q2 Revenue Beats Estimates originally appeared on BloggingStocks on Wed, 18 Aug 2010 13:20:00 EST. Please see our terms for use of feeds.

Continue reading Suntech Power Is a High Risk Investment with Considerable Upside Potential

Suntech Power Is a High Risk Investment with Considerable Upside Potential originally appeared on BloggingStocks on Wed, 07 Apr 2010 18:00:00 EST. Please see our terms for use of feeds.

China-based Suntech Power Holdings Co. (NYSE: STP) is one of China's top stocks. The country's largest solar panel maker recently took steps to increase its hold on the Chinese solar market when it reached an agreement with a unit of China Huadian Corp. to develop 500MW of solar projects in China.

The collaboration between Suntech and China Huadian New Energy Development Co. could include some of the 1.8 gigawatts of Chinese projects Suntech recently announced. According to the company, the projects resulting from those agreements could be installed between 2010 and 2012. This deal means a solid pipeline of earnings for the solar maker, and that could translate into solid earnings going forward.

Continue reading Solar stock #5: Suntech Power (STP)

Solar stock #5: Suntech Power (STP) originally appeared on BloggingStocks on Sun, 16 Aug 2009 13:00:00 EST. Please see our terms for use of feeds.

Suntech Power Holdings (NYSE: STP) has priced its follow-on public offering at $12.50 per share. The company will be issuing 20 million American Depositary Shares to raise a total of $250 million. The stock is being issued under an existing shelf registration filing.

Underwriters UBS (NYSE: UBS), Goldman Sachs (NYSE: GS) and Deutsche Bank (NYSE: DB) have an option to purchase up to 3 million to cover any over-allotment.

Continue reading Suntech Power follow-on offering priced

Suntech Power follow-on offering priced originally appeared on BloggingStocks on Tue, 26 May 2009 11:00:00 EST. Please see our terms for use of feeds.

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.

Analyst upgrades:

• JP Morgan upgraded J.C. Penney (NYSE: JCP) to Neutral from Underweight based on lower input costs, stabilization in home, lower markdown dollars, and valuation.
• Oppenheimer upgraded Novellus (NASDAQ: NVLS) to Perform from Underperform as it believes Novellus' market share has stabilized and that the company is a potential acquisition target. The firm raised its price target to $20 from $9.
• Bernstein upgraded ConAgra (NYSE: CAG) to Market Perform from Underperform citing strength in grains and moderating input costs.
• ConocoPhillips (NYSE: COP) was raised to Buy from Neutral at Goldman.
• China Housing (NASDAQ: CHLN) was upgraded to Buy from Hold at Roth Capital.

Continue reading Analyst upgrades, downgrades and initiations: JCP, NVLS, CAG, RJF, PCG, STP, AMZN, MS, MSFT

Analyst upgrades, downgrades and initiations: JCP, NVLS, CAG, RJF, PCG, STP, AMZN, MS, MSFT originally appeared on BloggingStocks on Fri, 27 Mar 2009 10:00:00 EST. Please see our terms for use of feeds.

Analyst upgrades:

• Baird upgraded Starwood Hotels (NYSE: HOT), Host Hotels (NYSE: HST) and Marriott (NYSE: MAR) to Outperform from Neutral based on valuation and indications that negative sentiment has reached a bottom.
• Citigroup upgraded Torchmark (NYSE: TMK) to Buy from Hold as they find the valuation attractive and think management can grow earnings and book value in 2009/2010. Despite upgrading, the firm lowered their target price to $37 from $45.
• ASM International (NASDAQ: ASMI) was added to Goldman's Conviction Buy List.
• Credit Suisse (NYSE: CS) was raised to Overweight from Equal Weight at Morgan Stanley.
• Live Nation (NYSE: LYV) was upgraded at Natixis to Buy from Hold.

Continue reading Analyst upgrades, downgrades and initiations: HOT, GOOG, WPI, LYG ...

Analyst upgrades, downgrades and initiations: HOT, GOOG, WPI, LYG ... originally appeared on BloggingStocks on Tue, 17 Feb 2009 10:55:00 EST. Please see our terms for use of feeds.

China-based Suntech Power Holdings (NYSE: STP) is slated to report its third-quarter earnings results ahead of the opening bell tomorrow, and the solar stock looks particularly vulnerable to a post-report drubbing. Sector peer JA Solar (NASDAQ: JASO) fell to an all-time low last week after offering a weak outlook, while Trina Solar (NYSE: TSL) today lowered its revenue forecast for 2008.

Currently, First Call reports that analysts are expecting STP to report a quarterly profit of 42 cents per American depositary receipt. Suntech has a respectable history in the earnings spotlight, having exceeded the Street's forecast in three out of its past four reports.

On the plus side, it seems as though many brokerage firms have already downwardly revised their expectations for STP. There have been 10 cuts to the firm's average 2008 earnings-per-share estimates, compared to just two increases.

Plus, several analysts have issued bearish notes on Suntech in the past few weeks: Jefferies & Co. cut its price target on November 17; JPMorgan Chase cut the stock from "neutral" to "underweight" and lowered its price target on November 16; Raymond James downgraded STP from "strong buy" to "outperform" on November 13, the same day that AmTech Research slashed its price target; and Deutsche Bank cut the stock from "hold" to "sell" on November 10.

Continue reading Suntech Power is pummeled with put volume, downgrades ahead of earnings

Suntech Power is pummeled with put volume, downgrades ahead of earnings originally appeared on BloggingStocks on Wed, 19 Nov 2008 12:50:00 EST. Please see our terms for use of feeds.

Solar stocks feeling the pain (LDK, FSLR, JASO, STP) originally appeared on BloggingStocks on Wed, 12 Nov 2008 13:55:00 EST. Please see our terms for use of feeds.

Over 32 years, the portfolio in The Oberweis Report has returned an average gain of 21.2% a year vs. 7.9% for the S&P 500. Here, money manager and newsletter advisor Jim Oberweis, Jr. looks at Suntech Power Holdings Ltd. (NYSE: STP).

"Long-term results notwithstanding, 2008 has been humbling, to say the least. No other year in our history has been as challenging.

"But in our experience, the most favorable buying opportunities tend to fall after a period in which the market has not performed well.

"Although year-by-year results can be volatile, disciplined investors who remain fully invested in a portfolio of high-growth equities selected using our methodology have historically achieved an exceptional average rate of return over long periods of time.

"Suntech Power Holdings Co., Ltd is one of the leading solar energy companies in the world as measured by production output of photovoltaic, or PV, cells, with leading positions in key solar markets such as Germany and Spain.

Continue reading Suntech (STP) Solar shines for small cap expert

Suntech (STP) Solar shines for small cap expert originally appeared on BloggingStocks on Mon, 20 Oct 2008 12:27:00 EST. Please see our terms for use of feeds.

Rival home improvement chains Home Depot Inc. (NYSE: HD) and Lowe's Companies Inc. (NYSE: LOW) are scheduled to report quarterly results this week. Not surprisingly, given the ongoing housing slump, analysts surveyed by Thomson Financial on average expect both companies to post earnings lower than in the same period a year ago. For Home Depot, that's 61 cents per share, down 20.8%, and for Lowe's, 56 cents per share, down 16.4%. Meanwhile, cabinet maker American Woodmark Corp. (NASDAQ: AMWD), for whom Home Depot and Lowe's are major distributors, is also expected to report lower earnings: 11 cents per share, down 67.6%.

The presidential campaigns have prompted much discussion of energy policy and alternative energy sources. Some solar-energy-related concerns are scheduled to report this week, and expectations seem to be high. Trina Solar Ltd. (NYSE: TSL) is expected to report 81 cents per share earnings, up 67.9%; ReneSola Ltd. (NYSE: SOL) is expected to post earnings of 32 cents per share, up 62.5%; and Suntech Power Holdings Co. (NYSE: STP) is expected to have earnings of 32 cents per share, up 21.9%. Even China Sunergy Co. Ltd. (NASDAQ: CSUN) is expected to have swung to a profit of 3 cents per share, from a per-share loss of 14 cents a year ago.

Continue reading The week in preview: Expectations for home improvement, tech, apparel

The week in preview: Expectations for home improvement, tech, apparel originally appeared on BloggingStocks on Sun, 17 Aug 2008 12:30:00 EST. Please see our terms for use of feeds.

Suntech (STP) lifted by reported Japanese solar subsidies originally appeared on BloggingStocks on Mon, 23 Jun 2008 14:04:00 EST. Please see our terms for use of feeds.

Minyanville's Sean Udall dares to share the kind of keen insight and actionable information you won't find in any prospectus. Here he answers a reader's burning question about "green" stocks. For more original thought, visit www.minyanville.com.

Professor Udall,

Do you have any opinions on Zoltek Companies, Inc. (NASDAQ: ZOLT)? My wife wants me to buy everything "green". Her last "green" company idea was General Electric (NYSE: GE). I know, right? I bought a little just to quiet the noise level. I'm into a little SunPower (NASDAQ: SPWR) and Evergreen Solar (NASDAQ: ESLR). Does Zoltek have legs?

Thanks,

Minyan L.

Minyan L.,

First, that's hysterical. Second, a word of caution: Going all green, or all of any one thing, is something I'd never advocate. If you do, you do so at your own risk, as nothing in the market is ever as obvious as it seems, especially when it seems totally obvious.

Continue reading Mailbag: Using Green for Green Stocks

Mailbag: Using Green for Green Stocks originally appeared on BloggingStocks on Thu, 19 Jun 2008 12:57:00 EST. Please see our terms for use of feeds.

"Oil is setting the stage for a big rally in alternative energy," says Eric Roseman, resources expert and editor of Commodity Trend Alert. Here's a look at two stocks poised to benefit from this trend.

"A surging oil price is extremely bullish for alternative energy. Over the last 12 months, as oil prices have doubled, uranium and solar energy stocks have crashed.

"These sectors have declined because sub-prime has taken everything to the basement until recently - not because solar energy or uranium are flawed investment themes.

"That's why we've recently placed new trades on Suntech Power Holdings (NYSE: STP) and Cameco (NYSE: CCJ). There's no way high oil prices won't encourage more interest in these distressed sectors.

Continue reading Resource expert sets sights on clean energy

Resource expert sets sights on clean energy originally appeared on BloggingStocks on Mon, 26 May 2008 10:00:00 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.

Suntech Power (NYSE: STP) closed at $47.12 Thursday.

STP is scheduled to report Q1 EPS on May 22.

STP June option implied volatility of 80 is above its 26-week average of 73 according to Track Data, suggesting larger price movement.

China Sunergy (NASDAQ: CSUN), a manufacturer of solar cell products in China, closed at $12.58 Thursday.

CSUN is expected to report Q1 EPS on May 20.

Cowen says: "Key issues: Ramp of new cells, expense control, liquidity."

CSUN June option implied volatility of 111 is above its 26-week average of 100 according to Track Data, suggesting larger price risk.

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

Option Update: Suntech Power and China Sunergy volatlity up into EPS originally appeared on BloggingStocks on Fri, 16 May 2008 11:21:00 EST. Please see our terms for use of feeds.

"Suntech Power Holdings (NYSE: STP), one of our long-time favorites, is now back on our buy list after being driven down in price by U.S. market volatility and the fallout from a recent earnings report," notes Jim Trippon.

The editor of The China Stock Digest explains, The company is world leader in the manufacture of photovoltaic solar cells and solar electric systems. And, it is developing a new technology to increase solar efficiency." Here is his review.

"The company's solar cells are used to supply power to the electricity grid within China, and it's the number one company in the Chinese solar energy industry. The company's systems also provide dependable power internationally for mobile phone networks and telecommunications relay stations and even street lamps in case of power outages.

"Certainly China is in desperate need of clean renewable sources of energy. Residents of major cities like Beijing and Shanghai are constantly enveloped in a choking cloud of smog. Beijing has said it wants a tenth of its energy to come from environmentally friendly sources by 2010.

"The problem with solar energy has always been the high cost of manufacturing solar cells relative to the amount of power output per cell. Suntech is attacking that problem with rigorous cost control and the competitive advantages that low cost Chinese manufacturers enjoy in the international arena.

Continue reading Suntech Power (STP): A 'new technology' for solar

Suntech Power (STP): A 'new technology' for solar originally appeared on BloggingStocks on Fri, 04 Apr 2008 12:10:00 EST. Please see our terms for use of feeds.

Suntech Power (STP) inks a new polysilicon deal originally appeared on BloggingStocks on Mon, 24 Mar 2008 13:29:00 EST. Please see our terms for use of feeds.