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ENERQ.PK Message Board

  • zornzim zornzim Dec 19, 2008 3:11 PM Flag

    CITI-Energy Conversion Devices Inc. is most at risk

    President-elect Barack Obama’s plans to encourage U.S. development of alternative energy have put him at odds with investors, who are abandoning the industry.

    As the CHART OF THE DAY shows, indexes of solar, wind and ethanol stocks have fallen more this year than the price of crude oil in New York trading. Their losses are also bigger than those in stock-market benchmarks.

    The chart includes the World Solar Energy Index, known as the Solex, which tumbled 71 percent through yesterday. The loss included an 11 percent decline yesterday after Germany’s Q-Cells SE, the world’s largest maker of solar cells, reduced sales and earnings forecasts for this year and next.

    Energy Conversion Devices Inc. is most at risk for similar shortfalls among U.S. producers, according to Timothy Arcuri, a Citigroup Inc. analyst.

    All of the company’s biggest customers have “turned up the heat for pricing concessions significantly,” Arcuri wrote in a report yesterday. “We see no reason why the stock can’t still be cut in half from here.”

    Arcuri also reiterated a “sell” recommendation on SunPower Corp., the second-biggest U.S. supplier of solar modules, which convert sunlight into electricity.

    The Bloomberg Wind Energy Index, another global indicator, and a gauge of eight U.S. ethanol producers also appear in the chart. They fell 58 percent and 83 percent, respectively, for the year through yesterday. Crude has declined 56 percent this year.

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • OLAR WEAKNESSES

      -The global economic crises will temper alternative energy sales and earnings growth.

      -The immediate concerns over economic weakness likely takes the short-term focus off progress toward a new energy policy.

      -Continued weakness in the debt and equity markets, for as long as it lasts, will raise costs of capital for firms in this emerging sector, and may prevent project financing, working capital requirements, and new research and development. Federal funding for a new energy policy will largely dry up.

      -Alternative energy stock prices generally rise and fall in direct proportion to the price of crude oil. With oil below $38 it doesn't look good in the short term.

      ENER earnings maybe a disappointment.

      "Energy Conversion Devices Inc. is most at risk for similar shortfalls among U.S. producers, according to Timothy Arcuri, a Citigroup Inc. analyst.

      All of the company’s biggest customers have “turned up the heat for pricing concessions significantly,” Arcuri wrote in a report yesterday. “We see no reason why the stock can’t still be cut in half from here.”

    • "Energy Conversion Devices Inc. is most at risk for similar shortfalls among U.S. producers, according to Timothy Arcuri, a Citigroup Inc. analyst."

      All of the company’s biggest customers have “turned up the heat for pricing concessions significantly,” Arcuri wrote in a report yesterday. “We see no reason why the stock can’t still be cut in half from here.”

    • There is a solar glut with 60% excess and that is increasing next year. Panels are stacking up in Europe for FSLR and probably for Unisolar. ENER has targeted Europe for sales and the Euro is declining making Unisolar sales more expensive on top of their already high price tag. Europe’s economy is falling and their unemployment is skyrocketing. Solar is at the bottom of the needs list for most corporations. Unisolar efficiency is low and is being passed by other solar companies. They are temporarily closing the plant due to poor demand. ENER margins are falling. It doesn’t look good...


      "Energy Conversion Devices Inc. is most at risk for similar shortfalls among U.S. producers, according to Timothy Arcuri, a Citigroup Inc. analyst."

      All of the company’s biggest customers have “turned up the heat for pricing concessions significantly,” Arcuri wrote in a report yesterday. “We see no reason why the stock can’t still be cut in half from here.”

    • "Energy Conversion Devices Inc. is most at risk for similar shortfalls among U.S. producers, according to Timothy Arcuri, a Citigroup Inc. analyst."

      All of the company’s biggest customers have “turned up the heat for pricing concessions significantly,” Arcuri wrote in a report yesterday. “We see no reason why the stock can’t still be cut in half from here.”

    • There is a solar glut with 60% excess and that is increasing next year. Panels are stacking up in Europe for FSLR and probably for Unisolar. ENER has targeted Europe for sales and the Euro is declining making Unisolar sales more expensive on top of their already high price tag. Europe’s economy is falling and their unemployment is skyrocketing. Solar is at the bottom of the needs list for most corporations. Unisolar efficiency is low and is being passed by other solar companies. They are temporarily closing the plant due to poor demand. ENER margins are falling. It doesn’t look good...


      "Energy Conversion Devices Inc. is most at risk for similar shortfalls among U.S. producers, according to Timothy Arcuri, a Citigroup Inc. analyst."

      All of the company’s biggest customers have “turned up the heat for pricing concessions significantly,” Arcuri wrote in a report yesterday. “We see no reason why the stock can’t still be cut in half from here.”

    • SOLAR WEAKNESSES

      -The global economic crises will temper alternative energy sales and earnings growth.

      -The immediate concerns over economic weakness likely takes the short-term focus off progress toward a new energy policy.

      -Continued weakness in the debt and equity markets, for as long as it lasts, will raise costs of capital for firms in this emerging sector, and may prevent project financing, working capital requirements, and new research and development. Federal funding for a new energy policy will largely dry up.

      -Alternative energy stock prices generally rise and fall in direct proportion to the price of crude oil.
      ENER earnings maybe a disappointment.

      "Energy Conversion Devices Inc. is most at risk for similar shortfalls among U.S. producers, according to Timothy Arcuri, a Citigroup Inc. analyst.

      All of the company’s biggest customers have “turned up the heat for pricing concessions significantly,” Arcuri wrote in a report yesterday. “We see no reason why the stock can’t still be cut in half from here.”

    • There is a solar glut with 60% excess and that is increasing next year. Panels are stacking up in Europe for FSLR and probably for Unisolar. ENER has targeted Europe for sales and the Euro is declining making Unisolar sales more expensive on top of their already high price tag. Europe’s economy is falling and their unemployment is skyrocketing. Solar is at the bottom of the needs list for most corporations. Unisolar efficiency is low and is being passed by other solar companies. They are temporarily closing the plant due to poor demand. ENER margins are falling. It doesn’t look good...


      "Energy Conversion Devices Inc. is most at risk for similar shortfalls among U.S. producers, according to Timothy Arcuri, a Citigroup Inc. analyst."

      All of the company’s biggest customers have “turned up the heat for pricing concessions significantly,” Arcuri wrote in a report yesterday. “We see no reason why the stock can’t still be cut in half from here.”

    • There is a solar glut with 60% excess and that is increasing next year. Panels are stacking up in Europe for FSLR and probably for Unisolar. ENER has targeted Europe for sales and the Euro is declining making Unisolar sales more expensive on top of their already high price tag. Europe’s economy is falling and their unemployment is skyrocketing. Solar is at the bottom of the needs list for most corporations. Unisolar efficiency is low and is being passed by other solar companies. They are closing the plant due to poor demand. ENER margins are falling. It doesn’t look good...


      "Energy Conversion Devices Inc. is most at risk for similar shortfalls among U.S. producers, according to Timothy Arcuri, a Citigroup Inc. analyst."

      All of the company’s biggest customers have “turned up the heat for pricing concessions significantly,” Arcuri wrote in a report yesterday. “We see no reason why the stock can’t still be cut in half from here.”

    • Energy Conversion Devices Inc. is most at risk for similar shortfalls among U.S. producers, according to Timothy Arcuri, a Citigroup Inc. analyst.

      All of the company’s biggest customers have “turned up the heat for pricing concessions significantly,” Arcuri wrote in a report yesterday. “We see no reason why the stock can’t still be cut in half from here.”

      Arcuri also reiterated a “sell” recommendation on SunPower Corp., the second-biggest U.S. supplier of solar modules, which convert sunlight into electricity.

      • 1 Reply to eaglehy
      • Energy Conversion Devices Inc. is most at risk for similar shortfalls among U.S. producers, according to Timothy Arcuri, a Citigroup Inc. analyst.

        All of the company’s biggest customers have “turned up the heat for pricing concessions significantly,” Arcuri wrote in a report yesterday. “We see no reason why the stock can’t still be cut in half from here.”

        Arcuri also reiterated a “sell” recommendation on SunPower Corp., the second-biggest U.S. supplier of solar modules, which convert sunlight into electricity.

    • Energy Conversion Devices Inc. is most at risk for similar shortfalls among U.S. producers, according to Timothy Arcuri, a Citigroup Inc. analyst.

      All of the company’s biggest customers have “turned up the heat for pricing concessions significantly,” Arcuri wrote in a report yesterday. “We see no reason why the stock can’t still be cut in half from here.”

      Arcuri also reiterated a “sell” recommendation on SunPower Corp., the second-biggest U.S. supplier of solar modules, which convert sunlight into electricity.

      The Bloomberg Wind Energy Index, another global indicator, and a gauge of eight U.S. ethanol producers also appear in the chart. They fell 58 percent and 83 percent, respectively, for the year through yesterday. Crude has declined 56 percent this year.

      • 2 Replies to zwmzu
      • Energy Conversion Devices Inc. is most at risk for similar shortfalls among U.S. producers, according to Timothy Arcuri, a Citigroup Inc. analyst.

        All of the company’s biggest customers have “turned up the heat for pricing concessions significantly,” Arcuri wrote in a report yesterday. “We see no reason why the stock can’t still be cut in half from here.”

        Arcuri also reiterated a “sell” recommendation on SunPower Corp., the second-biggest U.S. supplier of solar modules, which convert sunlight into electricity.

        The Bloomberg Wind Energy Index, another global indicator, and a gauge of eight U.S. ethanol producers also appear in the chart. They fell 58 percent and 83 percent, respectively, for the year through yesterday. Crude has declined 56 percent this year.

      • Energy Conversion Devices Inc. is most at risk for similar shortfalls among U.S. producers, according to Timothy Arcuri, a Citigroup Inc. analyst.

        All of the company’s biggest customers have “turned up the heat for pricing concessions significantly,” Arcuri wrote in a report yesterday. “We see no reason why the stock can’t still be cut in half from here.”

        Arcuri also reiterated a “sell” recommendation on SunPower Corp., the second-biggest U.S. supplier of solar modules, which convert sunlight into electricity.

        The Bloomberg Wind Energy Index, another global indicator, and a gauge of eight U.S. ethanol producers also appear in the chart. They fell 58 percent and 83 percent, respectively, for the year through yesterday. Crude has declined 56 percent this year.

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