The Zacks Analyst Blog Highlights: SunPower, KB Home, NRG Energy, JinkoSolar Holding and Yingli Green Energy Holding

Zacks


For Immediate Release

Chicago, IL – July 19, 2013 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include SunPower Corporation (SPWR-Free Report), KB Home (KBH-Free Report-), NRG Energy Inc. (NRG-Free Report), JinkoSolar Holding Co., Ltd. (JKS-Free Report) and Yingli Green Energy Holding Co. Ltd. (YGE-Free Report).

Today, Zacks is promoting its ''Buy'' stock recommendations. Get #1Stock of the Day pick for free.

Here are highlights from Thursday’s Analyst Blog:

Strong Buy on SunPower

On Jul 17, Zacks Investment Research upgraded SunPower Corporation (SPWR-Free Report) to a Zacks Rank #1 (Strong Buy).

Why the Upgrade?

This solar cell producer delivered positive earnings surprises in three out of the last four quarters with an average beat of 105.92%.

SunPower Corp.’s consistent research and development efforts to improve solar cell efficiency have yielded positive results. The solar panels produced by the company have one of the highest conversion rates and generate more than 50% energy than conventional panels.

The increasing focus in the U.S. on green energy will see more and more power being produced from solar cells. The high conversion capacity of SunPower’ solar panels will play a vital role in the U.S. solar industry. A major housebuilder KB Home (KBH
-Free Report-) has partnered with SunPower to build more than 1,500 solar energy powered homes across the country.

SunPower solar cells are thus gaining traction in the U.S. Recently, SunPower and Bechtel Corp. installed 749,000 solar photovoltaic (:PV) modules at the 250 MW California Valley Solar Ranch (:CVSR) PV plant. The plant owned by NRG Energy Inc. (NRG-Free Report) will be operated jointly with SunPower for the next two years.

As per a recent report from the U.S. Energy Information Administration (
EIA), total solar generation in the U.S. in 2013 will be only 0.2% of the total power produced. However, solar generation is expected to grow by 79% in 2013 and 49% in 2014. SunPower panels will definitely play a vital role in the generation process.  

Moreover, SunPower’s strategic decision to produce solar panels from low-cost production regions like the Philippines and Malaysia gives them an added cost advantage over its solar cell manufacturing peers.

Besides SunPower Corporation, other operators in the industry having a favourable Zacks Rank are JinkoSolar Holding Co., Ltd. (JKS-Free Report) and Yingli Green Energy Holding Co. Ltd. (YGE-Free Report). Both these companies currently retain a Zacks Rank #2 (Buy).

Today, Zacks is promoting its ''Buy'' stock recommendations. Get #1Stock of the Day pick for free.

About Zacks Equity Research

Zacks Equity Research provides the best of quantitative and qualitative analysis to help investors know what stocks to buy and which to sell for the long-term.

Continuous coverage is provided for a universe of 1,150 publicly traded stocks. Our analysts are organized by industry which gives them keen insights to developments that affect company profits and stock performance. Recommendations and target prices are six-month time horizons.

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Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit http://www.zacks.com/performance for information about the performance numbers displayed in this press release.

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