and his "downgrade" of FSLR....
All you need to know about this drivel:
He maintains an overweight rating on the stock at 132 bucks...but his price target is 92, reduced from 102?
I've learned that analysts are right very few times. I do believe that they are just like Cramer. They all have other motives, not reporting true facts. The downgrade all occur at the bottom and upgrades at the top. When they report they need to get the real facts in a more timely manner.
The latest B.S. about FSLR is garbage. They just broke below a $ watt and the analysts should be pumping it up. I still will state that FSLR is over valued and faces the risk of raw material shortages. Analysts need to focus on this as it relates to the cost per watt to make a panel. Demand is going to return.
Have you seen coal now advertising on TV about how good coal is for our energy mix… wow I can’t wait for solar panel manufactures advertising about their panels. So far it is only Repower America that has been throwing a few advertisements out there. I don’t buy BP (Beyond Petroleum) as all their ads are gone off the scene. Exxon does the best fake commercials to fool the masses. Where is Exxon’s new battery chemistry at. I haven’t heard much.
Alternative energy is getting there whether it is ESLR, SPWRA, or yes my less favorite FSLR they are all making our current energy mix nervous.
Drake Not that I know of. ESLR is covered by 18 analysts. Link: http://finance.yahoo.com/q/ao?s=ESLR
Usually a company has a few favored analysts that really pay special attention to that company. Often in solar's that will be one of the companies that got you financing from (Lehman/Barclay's anyone?). As for ESLR they have mostly dropped below the radar in recent years. The best they have right now is Piper Jaffrey, whose conference they attended in February. Haven't heard much from them lately.