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BE

Bloom Energy

$14.34

0.83 (6.14%)

, FSLR

First Solar

$53.63

2.5 (4.89%)

07:55
03/12/19
03/12
07:55
03/12/19
07:55

JPMorgan likes four stocks in Alternative Energy

JPMorgan analyst Paul Coster says his Alternative Energy picks for 2019 remain Bloom Energy (BE), First Solar (FSLR), Hannon Armstrong (HASI), and TPI Composites (TPIC). The "decent" year-to-date gains notwithstanding, these four stocks offer favorable risk-reward opportunities through year-end, with Bloom and First Solar offering the highest return potential, Coster tells investors in a research note. He believes Alternative Energy fundamentals remain favorable across the spectrum of technologies, driven by "increasingly attractive unit-economics." This could be a "rare banner year for investors in Alt Energy SMid-Cap Stocks," says Coster.

BE

Bloom Energy

$14.34

0.83 (6.14%)

FSLR

First Solar

$53.63

2.5 (4.89%)

HASI

Hannon Armstrong

$25.44

0.115 (0.45%)

TPIC

TPI Composites

$30.08

0.925 (3.17%)

  • 17

    Mar

  • 28

    Mar

  • 28

    May

BE Bloom Energy
$14.34

0.83 (6.14%)

02/13/19
02/13/19
UPGRADE

Fly Intel: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Freeport McMoRan (FCX) upgraded to Overweight from Equal Weight at Morgan Stanley with analyst Piyush Sood saying his firm's Metals & Mining team expects copper market tightness to emerge beginning in Q2, given falling global production, low visible inventories and improved demand from China and Freeport's earnings sensitivity to copper is still the highest among its peers. 2. DocuSign (DOCU) upgraded to Buy from Hold at Deutsche Bank with analyst Karl Keirstead saying that after speaking with four large e-signature customers, three using DocuSign and one using Adobe Sign, the analyst believes a "more constructive call on DocuSign shares is now warranted." 3. Bloom Energy (BE) upgraded to Outperform from Market Perform at Raymond James with analyst Pavel Molchanov saying shares are down about 36% since the IPO in July 2018, including a 24% drop since mid-January, the latter due in large part to selling pressure following lockup expiration. 4. Shopify (SHOP) upgraded to Outperform from Sector Perform at RBC Capital with analyst Ross MacMillan saying he anticipates the company to return to new merchant growth this year given its international opportunity and easier comps. 5. Myovant Sciences (MYOV) upgraded to Overweight from Equal Weight at Barclays with analyst Geoffrey Meacham saying his firm's women's health survey suggests a "robust potential market" for new treatment options for endometriosis and uterine fibroids. The analyst also raised his price target for the shares to $25 from $22. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
02/13/19
02/13/19
UPGRADE
Target $13

Outperform
Bloom Energy upgraded to Outperform on valuation at Raymond James
As previously reported, Raymond James analyst Pavel Molchanov upgraded Bloom Energy to Outperform from Market Perform, with a $13 price target. The analyst notes that shares are down about 36% since the IPO in July 2018, including a 24% drop since mid-January, the latter due in large part to selling pressure following lockup expiration. With the broad contours of the story little-changed over the past seven months, the stock's intense sentiment-driven volatility has created what the analyst views as an attractive entry point.
02/13/19
RAJA
02/13/19
UPGRADE
RAJA
Outperform
Bloom Energy upgraded to Outperform from Market Perform at Raymond James
03/05/19
MSCO
03/05/19
NO CHANGE
MSCO
Morgan Stanley downgrades Energy sector to Equal Weight from Overweight
Morgan Stanley equity strategist Michael Wilson said the firm's strategy team expects further declines in earnings forecasts for the Energy sector and are moving to Equal Weight from Overweight on the sector while they remain overweight Utilities. The firm's Energy and Utilities analysts highlight Baker Hughes (BHGE), Bloom Energy (BE), BP (BP), ConocoPhillips (COP), FirstEnergy (FE), Marathon Petroleum (MPC), Suncor (SU), TechnipFMC (FTI) and Tenaris (TS) as their top picks.
FSLR First Solar
$53.63

2.5 (4.89%)

02/14/19
BARD
02/14/19
NO CHANGE
Target $75
BARD
Outperform
First Solar risk/reward remains favorable into Q4 report, says Baird
Baird analyst Ben Kallo previewed First Solar's Q4 report and he believes the risk/reward setup is favorable heading into the results. The analyst said he would be a buyer into the report as he thinks a recovering macro environment in the solar space could improve sentiment and drive share appreciation. Kallo said it remains a top pick and he maintained his Fresh Pick designation while reiterating his Outperform rating and $75 price target on First Solar shares.
02/22/19
BARD
02/22/19
NO CHANGE
Target $75
BARD
Outperform
First Solar remains top idea despite earnings miss, says Baird
Baird analyst Ben Kallo noted First Solar Q4 results missed consensus but he said it was due to higher than expected ramp and EPC costs in the quarter. He noted the company maintained its guidance. He said the company has effectively sold out of capacity through the end of 2020 at what he believes are favorable average selling prices. Kallo reiterated his Outperform rating and $75 price target on First Solar shares.
02/12/19
BOFA
02/12/19
NO CHANGE
BOFA
First Solar, Canadian Solar likely to beat quarter estimates, says BofA/Merrill
BofA/Merrill analyst Brian Lee says that despite the strong year-to-date outperformance across the group, he would lean into solar stocks heading into Q4 earnings as he sees momentum likely to persist for stocks that can beat, namely First Solar (FLSR) and Canadian Solar (CSIQ). Fundamentally, the analyst expects a much more constructive tone from companies heading into 2019, and sees both companies as best positioned to beat given First Solar's better margins and Canadian Solar's project sales that consensus is not capturing. On the flipside, Lee reiterates a Sell rating on SolarEdge (SEDG), which he sees as having the highest idiosyncratic risk and lower estimates owing to recent M&A that appears both dilutive and a key investor focus point.
02/15/19
ROTH
02/15/19
NO CHANGE
Target $60
ROTH
Buy
First Solar price target cut to $60 from $65 at Roth Capital
Roth Capital analyst Philip Shen maintained a Buy rating on First Solar but cut his price target to $60 ahead of the company's February 21 earnings report. In a research note to investors, Shen says he sees some risk to shares heading into the report, as checks with multiple contacts suggest S6 bins may be ~5W lower-than-expected, and S6 manufacturing throughput may slower-than-expected. Sheh predicts the challenges could represent a ~1%-4% headwind to 2019 S6 margins. Though he believes this is solvable, and says the impact to long-term value could be modest, though he sees the potential for near-term share weakness.
HASI Hannon Armstrong
$25.44

0.115 (0.45%)

06/14/18
JPMS
06/14/18
INITIATION
Target $23
JPMS
Overweight
Hannon Armstrong shares offer 'compelling opportunity,' says JPMorgan
JPMorgan analyst Mark Strouse initiated coverage of Hannon Armstrong with an Overweight rating and $23 price target. The shares, after dropping 24% year-to-date on fears regarding a potential flat/inverted yield curve, offer a "compelling opportunity" for long-term investors, Strouse tells investors in a research note. He believes rising interest rates should provide more upside opportunities than downside risks from current levels and that Hannon should appeal to yield and environmental, social and corporate governance investors.
06/14/18
06/14/18
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Spotify (SPOT) initiated with a Hold at Deutsche Bank. 2. Hannon Armstrong (HASI) initiated with an Overweight at JPMorgan. 3. Wyndham Hotels & Resorts (WH) and Wyndham Destinations (WYND) were initiated with a Buy at SunTrust. 4. RigNet (RNET) initiated with a Buy at Maxim. 5. Roku (ROKU) initiated with an Outperform at Macquarie. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, Reference Link
10/17/18
JPMS
10/17/18
NO CHANGE
JPMS
JPMorgan constructive on some Alternative Energy names into Q3 results
JPMorgan analyst Paul Coster says he's constructive regarding a handful of Alternative Energy stocks heading into the Q3 earnings season. The analyst sees more attractive valuations after the recent selloff and names his top picks as First Solar (FSLR), TPI Composites (TPIC), Hannon Armstrong (HASI) and Bloom Energy (BE). First Solar remains "best-in-class" in the solar space, has good revenue and earnings visibility, and seems best-positioned to ride out the second half of 2018 panel downturn, Coster tells investors in a research note.
11/30/18
UBSW
11/30/18
DOWNGRADE
Target $23
UBSW
Neutral
Hannon Armstrong downgraded to Neutral from Buy at UBS
UBS analyst Jon Windham downgraded Hannon Armstrong to Neutral while raising his price target for the shares to $23 from $22.
TPIC TPI Composites
$30.08

0.925 (3.17%)

10/29/18
MSCO
10/29/18
INITIATION
Target $42
MSCO
Overweight
TPI Composites assumed with an Overweight at Morgan Stanley
Morgan Stanley analyst Ethan Ellison assumed coverage of TPI Composites with an Overweight rating and raised the price target on the shares to $42 from $31, citing his belief that its revenue can grow more than the market thinks. His 2020 revenue forecast is 16% above consensus given his view of greater revenue per manufacturing line, the continuing shift to outsourcing wind blade production and better visibility into incremental customer contracts, Ellison tells investors.
03/05/19
JPMS
03/05/19
UPGRADE
Target $34
JPMS
Overweight
TPI Composites upgraded to Overweight from Neutral at JPMorgan
JPMorgan analyst Paul Coster upgraded TPI Composites to Overweight with an unchanged price target of $34. The recent pullback in shares brings an attractive entry point, Coster tells investors in a research note. The analyst believes risks around a customer restructuring and labor dispute in Mexico are now priced into TPI shares.
02/19/19
JPMS
02/19/19
DOWNGRADE
Target $35
JPMS
Neutral
TPI Composites downgraded to Neutral from Overweight at JPMorgan
JPMorgan analyst Paul Coster downgraded TPI Composites to Neutral with an unchanged price target of $35. The analyst cites valuation for the downgrade as he recommends taking profits after the recent share rally.

TODAY'S FREE FLY STORIES

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BBBY

Bed Bath & Beyond

$13.87

0.17 (1.24%)

20:44
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    Apr

RTN

Raytheon

$180.58

-0.82 (-0.45%)

, BA

Boeing

$370.52

8.37 (2.31%)

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  • 28

    May

20:35
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General news
The "Summary of Opinions" from the BoJ's March meeting »

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WHD

Cactus

$36.03

1.225 (3.52%)

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Cactus VP of Operations sells 229K shares of common stock »

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CCL

Carnival

$56.67

-0.065 (-0.11%)

, MKC

McCormick

$143.88

1.58 (1.11%)

20:25
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Earnings
Notable companies reporting before tomorrow's open »

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CCL

Carnival

$56.67

-0.065 (-0.11%)

MKC

McCormick

$143.88

1.58 (1.11%)

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  • 26

    Mar

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    Mar

CRTO

Criteo

$21.99

-3.4 (-13.39%)

20:19
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03/25
20:19
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20:19
Downgrade
Criteo rating change at KeyBanc »

Criteo downgraded to…

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SSNLF

Samsung

$0.00

(0.00%)

20:02
03/25/19
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20:02
Periodicals
Samsung sees weaker environment for display, memory in Q1, Bloomberg says »

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BA

Boeing

$370.52

8.37 (2.31%)

19:51
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U.S. MDA and Boeing Complete Historic Missile Defense Test »

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  • 28

    May

MCD

McDonald's

$185.66

-1.11 (-0.59%)

19:49
03/25/19
03/25
19:49
03/25/19
19:49
Periodicals
McDonald's purchase price of Dynamic Yield above $300M, Bloomberg says »

The purchase of Dynamic…

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Wedge Partners
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Credit Suisse
03/06/13
Citigroup
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  • 30

    Apr

  • 28

    May

SSNLF

Samsung

$0.00

(0.00%)

19:32
03/25/19
03/25
19:32
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19:32
Periodicals
Breaking Periodicals news story on Samsung »

Samsung sees Q1 below…

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AWR

American States Water

$71.51

0.505 (0.71%)

19:22
03/25/19
03/25
19:22
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19:22
Hot Stocks
American States Water CEO sells 12.4K shares of common stock »

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MEOH

Methanex

$56.35

-1.38 (-2.39%)

19:10
03/25/19
03/25
19:10
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19:10
Hot Stocks
Methanex confirms receipt of director nominees notice from M&G »

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BECN

Beacon Roofing

$34.14

0.81 (2.43%)

, SAEX

SAExploration

$4.03

0.13 (3.33%)

18:55
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Hot Stocks
Fly Intel: After Hours Movers »

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BECN

Beacon Roofing

$34.14

0.81 (2.43%)

SAEX

SAExploration

$4.03

0.13 (3.33%)

IQ

iQIYI

$24.01

-0.86 (-3.46%)

MYOK

MyoKardia

$51.87

-2.44 (-4.49%)

CTMX

CytomX Therapeutics

$10.76

0.33 (3.16%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
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  • 26

    Mar

  • 26

    Mar

  • 21

    May

  • 27

    Mar

HPQ

HP Inc.

$18.97

-0.4 (-2.07%)

18:48
03/25/19
03/25
18:48
03/25/19
18:48
Periodicals
HP lawyer tells court Autonomy's Lynch inflated sales data, Reuters says »

A lawyer for HP told a…

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  • 23

    Apr

PEGA

Pegasystems

$63.61

-0.27 (-0.42%)

18:45
03/25/19
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Hot Stocks
Pegasystems CEO: We are massively changing our marketing strategy »

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  • 22

    May

SMTC

Semtech

$52.59

-0.38 (-0.72%)

18:32
03/25/19
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18:32
Hot Stocks
Semtech CEO sells 25K shares of common stock »

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  • 25

    Mar

TMO

Thermo Fisher

$268.89

5.015 (1.90%)

18:24
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Hot Stocks
Thermo Fisher CEO: We have a very disciplined M&A process »

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DJX

Dow Jones Industrial Average

$0.00

(0.00%)

, SPX

S&P 500

$0.00

(0.00%)

18:24
03/25/19
03/25
18:24
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18:24
Periodicals
Parliament forces votes on Brexit plan options, Bloomberg reports »

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DJX

Dow Jones Industrial Average

$0.00

(0.00%)

SPX

S&P 500

$0.00

(0.00%)

SPY

SPDR S&P 500 ETF Trust

$278.99

-0.56 (-0.20%)

03/08/13
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03/06/13
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03/06/13
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MCD

McDonald's

$185.66

-1.11 (-0.59%)

18:23
03/25/19
03/25
18:23
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18:23
Hot Stocks
McDonald's to acquire Dynamic Yield, terms not stated »

McDonald's announced…

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  • 30

    Apr

  • 28

    May

BA

Boeing

$370.52

8.37 (2.31%)

18:22
03/25/19
03/25
18:22
03/25/19
18:22
Periodicals
Boeing software fix to prevent repeated activiation of MCAS, Reuters says »

A Boeing software repair…

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  • 28

    May

ACHC

Acadia

$29.47

-0.59 (-1.96%)

17:58
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03/25
17:58
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Hot Stocks
Acadia says President Brett Turner leaving by mutual agreement »

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AAPL

Apple

$188.78

-2.33 (-1.22%)

17:41
03/25/19
03/25
17:41
03/25/19
17:41
Recommendations
Apple analyst commentary at Piper Jaffray »

Apple price target raised…

03/08/13
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03/08/13
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03/06/13
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03/06/13
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  • 25

    Mar

  • 03

    Jun

ZFGN

Zafgen

$2.70

-0.15 (-5.26%)

17:38
03/25/19
03/25
17:38
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17:38
Hot Stocks
Armistice Capital reports 5.6% passive stake in Zafgen »

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