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SunPower Downgraded By Credit Suisse Amid 'Surprisingly Large Guidance Cut'
Wednesday, August 10, 2016 - 8:11am | 330Read More...SunPower Corporation (NASDAQ: SPWR) cut its 2H16 guidance by 40 percent, while issuing its 2017 guidance meaningfully below investor expectations. Credit Suisse’s Patrick Jobin downgraded the rating on the company from Outperform to Neutral, while reducing the price target from $32 to $12...
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SolarCity, Tesla Deal 60-70% Likely Says Credit Suisse
Friday, July 1, 2016 - 7:46am | 297Read More...SolarCity Corp (NASDAQ: SCTY) has received an all-stock bid from Tesla Motors Inc (NASDAQ: TSLA) to acquire the company. The price seems to be too low, Credit Suisse’s Patrick Jobin said in a report. He downgraded the rating on SolarCity from Outperform to Neutral, while lowering the price...
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Tesla-SolarCity Would Create A 'Powerhouse,' But Shareholders Will Be Very Skeptical
Wednesday, June 22, 2016 - 8:09am | 324Read More...SolarCity Corp (NASDAQ: SCTY) has received an all-stock takeover offer from Tesla Motors Inc (NASDAQ: TSLA). Credit Suisse’s Patrick Jobin maintained an Outperform rating for SolarCity, with a price target of $38. The analyst commented that while shares may rally on the acquisition proposal...
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Goldman Sachs Negative On SolarCity Moments Before News Hit Of Tesla's Interest
Tuesday, June 21, 2016 - 6:53pm | 614Read More...After hours on Tuesday, before news hit that Tesla Motors Inc (NASDAQ: TSLA) proclaimed interest in SolarCity Corp (NASDAQ: SCTY), Goldman Sachs once again showed the amazing timing they have in lieu of the Chinese Wall that exists between research and investment banking. Recall on May 18 when...
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Credit Suisse: SolarCity's Weak Bookings, Guidance Cut Raises Existential Questions
Tuesday, May 10, 2016 - 8:48am | 283Read More...SolarCity Corp (NASDAQ: SCTY) reported weaker-than-expected bookings for 1Q16, while cutting its guidance for the full year. Credit Suisse’s Patrick Jobin maintains an Outperform rating on the company, while lowering the price target from $62 to $38. Weak Booking “SolarCity seems to be...
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SunEdison Troubles Could Spread To Trina And JA Solar, Credit Suisse Warns
Monday, April 25, 2016 - 3:37pm | 551Read More...SunEdison, previously traded on the NYSE under the ticker SUNE, filed for bankruptcy April 21, but its troubles may reach beyond the company itself and continue to weigh on the entire solar industry. Before the bankruptcy, SunEdison was down by more than 95 percent year-to-date at one point,...
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Credit Suisse On Solar Net Metering Plan: 'Finally'
Wednesday, April 20, 2016 - 12:09pm | 458Read More...Credit Suisse said it's "positive" on the new net metering plan and "encouraged" with the specifics of the proposal. A group of firms, including Sunedison Inc (NYSE: SUNE), SolarCity Corp (NASDAQ: SCTY) and SunPower Corporation (NASDAQ: SPWR), have proposed a new plan...
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How Can Vivint Solar Rebuild Value For Shareholders?
Friday, April 15, 2016 - 12:33pm | 419Read More...Vivint Solar Inc (NYSE: VSLR), whose shares have plunged 67 percent this year following its failed merger with Sunedison Inc (NYSE: SUNE), is trying to get back to its roots. Patrick Jobin of Credit Suisse said the company believes they can grow about 12.6 percent this year without equity...
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Goldman Reinstates Vivint Solar At Sell, $3 Target; Credit Suisse's Sentiment Is Similar
Thursday, March 17, 2016 - 8:38am | 512Read More...Goldman Sachs’ Brian Lee reinitiated coverage of Vivint Solar Inc (NYSE: VSLR) with a Sell rating and price target of $3. Downside Risk Lee believes that there could be 17 percent downside risk to the stock valuation, as compared to the 17 percent upside expected for Goldman Sachs...
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Analysts Aren't Pleased With SunEdison
Thursday, March 3, 2016 - 12:19pm | 414Read More...The shareholders that are dumping Sunedison Inc (NYSE: SUNE) after the company announced it is suspending dividend payments on its preferred shares aren’t the only ones fed up with the company. In a series of new notes, several Wall Street analysts have also lost patience with Sunedison....
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Credit Suisse Sounds Concerned About SunEdison's Investigation, Filing Delay
Tuesday, March 1, 2016 - 11:15am | 336Read More...Credit Suisse's Patrick Jobin maintained a Neutral rating on Sunedison Inc (NYSE: SUNE), with a price target of $3. SunEdison and TerraForm Power Inc (NASDAQ: TERP) announced on February 29 that they would be delayed in filing their annual 10K reports. SunEdison also disclosed that a new board...
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Analysts Concerned On First Solar's Regulatory Outlook, But Cheer Stock Performance
Wednesday, February 24, 2016 - 12:40pm | 693Read More...Wall Street analysts were generally impressed with First Solar, Inc. (NASDAQ: FSLR)'s quarterly earnings report Tuesday, which saw the company dominate earnings estimates and solidly beat revenue consensus. The company provided fundamentals confidence by reporting efficiency increases....
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Credit Suisse Downgrades SunEdison Amid 'Increased Uncertainty'
Friday, February 19, 2016 - 8:41am | 283Read More...The share price of Sunedison Inc (NYSE: SUNE) has plummeted 92.96 percent over the past one year, to trade almost at its 52 week low on February 12, at $1.41. Patrick Jobin of Credit Suisse has downgraded the rating on the company from Outperform to Neutral, while lowering the price target...
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Credit Suisse: SunEdison Will Quintuple, Still Worth $19
Friday, January 8, 2016 - 8:23am | 275Read More...Sunedison Inc (NYSE: SUNE) shares plunged 40 percent on January 7. Credit Suisse’s Patrick Jobin maintained an Outperform rating for the company, while reducing the price target from $25 to $19. While cash infusion has increased flexibility, high financing costs and dilution are...
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Credit Suisse: Sunedison Selloff 'Appears To Be Appaloosa Related'
Wednesday, December 23, 2015 - 11:19am | 331Read More...Sunedison Inc (NYSE: SUNE) shares have lost 83 percent in the last six months, and are trading close to the low end of their 52-week range of $2.55 - $33.45. Credit Suisse’s Patrick Jobin maintained an Outperform rating for the company, with a price target of $25. The weakness in...
