LDK Solar (NYSE: LDK), JinkoSolar Holding Co., Ltd. (NYSE: JKS), Noble (NYSE: NE), Deere & Company (NYSE: DE), Caterpillar Inc. (NYSE: CAT) and Canadian Solar Inc. (NASDAQ: CSIQ) ratings and price targets.
Auriga initiated coverage on JinkoSolar Holding Co., Ltd. (JKS). They placed a “Hold” rating on the company.
Auriga initiated coverage on LDK Solar (LDK). They placed a “Sell” rating on the company.
Noble (NE) was given a price target of $45.00 by FBR Capital.
Deere & Company (DE) had its price target raised by Robert W. Baird from $87.00 to $90.00. They have a “Neutral” rating on the company.
Caterpillar Inc. (CAT) had its price target raised by Robert W. Baird from $114.00 to $135.00. They have an “Outperform” rating on the company.
Auriga initiated coverage on Canadian Solar Inc. (CSIQ). They placed a “Hold” rating on the company.
Showing posts with label Jinko Solar. Show all posts
Showing posts with label Jinko Solar. Show all posts
Friday, January 20, 2012
Tuesday, September 20, 2011
JinkoSolar (JKS) (FSLR) (NBL) (FCX) (POT) (NFX) Get Crunched
JinkoSolar Holding Co., Ltd. (NYSE:JKS), First Solar, Inc. (NASDAQ:FSLR), Noble Energy (NYSE:NBL), Freeport McMoRan Copper and Gold Inc (NYSE:FCX), Potash Corp. (NYSE:POT) and Newfield Exploration Co. (NYSE:NFX) got hit hard on Monday.
Noble Energy (NBL) closed Monday at $79.48, falling $2.39, or 2.92 percent.
JinkoSolar Holding Co., Ltd. (JKS) got hammered Monday, closing at $6.50, plunging $2.54, or 28.10 percent.
First Solar, Inc. (FSLR) closed Monday at $83.91, dropping $1.79, or 2.09 percent.
Freeport McMoRan Copper and Gold Inc. (FCX) closed at $40.22, down $1.37, or 3.29 percent.
Potash Corp. (POT) ended the session at $54.02, declining $2.06, or 3.67 percent.
Newfield Exploration Co. (NFX) closed at $48.51, down $0.45, or 0.92 percent.
Noble Energy (NBL) closed Monday at $79.48, falling $2.39, or 2.92 percent.
JinkoSolar Holding Co., Ltd. (JKS) got hammered Monday, closing at $6.50, plunging $2.54, or 28.10 percent.
First Solar, Inc. (FSLR) closed Monday at $83.91, dropping $1.79, or 2.09 percent.
Freeport McMoRan Copper and Gold Inc. (FCX) closed at $40.22, down $1.37, or 3.29 percent.
Potash Corp. (POT) ended the session at $54.02, declining $2.06, or 3.67 percent.
Newfield Exploration Co. (NFX) closed at $48.51, down $0.45, or 0.92 percent.
Monday, September 19, 2011
JinkoSolar (JKS) (ORCL) (BEAV) (CPWM) (GR) (AGP) Ratings, Numbers Changes
JinkoSolar Holding Co., Ltd. (NYSE: JKS), Oracle (NASDAQ: ORCL), BE Aerospace (NASDAQ: BEAV), Cost Plus Inc (NASDAQ: CPWM), Goodrich Co. (NYSE: GR) and AMERIGROUP Co. (NYSE: AGP) had their ratings and numbers adjusted by analysts.
JinkoSolar Holding Co., Ltd. (NYSE: JKS) was downgraded by
Goldman Sachs (NYSE:GS) from a “Buy” rating to a “Neutral” rating.
KeyBanc initiated coverage on BE Aerospace (BEAV). They placed a “Buy” rating and a price target of $39.00 on the company.
KeyBanc initiated coverage on Cost Plus Inc. (CPWM). They placed a “Buy” rating and a price target of $9.00 on the company.
KeyBanc Capital initiated coverage on Markets Goodrich Co. (GR). They placed a “Hold” rating on the company.
AMERIGROUP Co. (AGP) had its price target lowered by Oppenheimer from $69.00 to $58.00. They have an “Outperform” rating on the company.
Oracle (ORCL) had its price target lowered by ThinkEquity to $36.00. They have a “Buy” rating on the company.
JinkoSolar Holding Co., Ltd. (NYSE: JKS) was downgraded by
Goldman Sachs (NYSE:GS) from a “Buy” rating to a “Neutral” rating.
KeyBanc initiated coverage on BE Aerospace (BEAV). They placed a “Buy” rating and a price target of $39.00 on the company.
KeyBanc initiated coverage on Cost Plus Inc. (CPWM). They placed a “Buy” rating and a price target of $9.00 on the company.
KeyBanc Capital initiated coverage on Markets Goodrich Co. (GR). They placed a “Hold” rating on the company.
AMERIGROUP Co. (AGP) had its price target lowered by Oppenheimer from $69.00 to $58.00. They have an “Outperform” rating on the company.
Oracle (ORCL) had its price target lowered by ThinkEquity to $36.00. They have a “Buy” rating on the company.
Tuesday, November 2, 2010
Jinko Solar (NYSE:JKS) Should Push its Way to Higher Earnings
JinkoSolar Holding (NYSE:JKS) looks like after its third-quarter report they have a strong chance of pressing their way into higher earnings, according to analysis from Auriga.
Auriga said, "Jinko Solar's (JKS, Buy) 3Q10 results above Consensus and our recently raised estimates show the continuing potential upside from big capacity additions and better than expected cost reductions. While we do see declining margins into 2011 as a necessity, we also believe Jinko Solar's approach is correct by increasing capacity ahead of price declines and continuing down the cost curve. We raise our 2011 EPS estimate to $5.05 from $4.60 and increase our target."
"Risk increases on potential ASP and poly swings. Large potential variability in module ASPs vs poly costs represents the biggest risk to the stock - both upside and downside. Management spoke of module ASPs trending with poly cost, but this is not assured. While we model both poly price and module ASP declines, we also recognize that the two are not inextricably linked. Our model assumes JKS' poly cost peaks at $72/kg in 1Q11 and declines to $55/kg in 4Q11."
JinkoSolar soared in Monday's trading after smokin' the quarter, with revenue soaring by 261 percent to $215 million, smashing the $153.3 million analysts were looking for. Gross profit outperformed as well, increasing from $9.3 million to $72 million.
Two things the company has going for it in a slowing market is the continual commitment to lower costs, while also being able to land deal for 2011 when most the rest of the industry will struggle.
JinkoSolar closed Monday at $35.14, gaining $4.99, or 16.55 percent. Auriga raised their price target on JinkoSolar from $37 to $40 a share.
Auriga said, "Jinko Solar's (JKS, Buy) 3Q10 results above Consensus and our recently raised estimates show the continuing potential upside from big capacity additions and better than expected cost reductions. While we do see declining margins into 2011 as a necessity, we also believe Jinko Solar's approach is correct by increasing capacity ahead of price declines and continuing down the cost curve. We raise our 2011 EPS estimate to $5.05 from $4.60 and increase our target."
"Risk increases on potential ASP and poly swings. Large potential variability in module ASPs vs poly costs represents the biggest risk to the stock - both upside and downside. Management spoke of module ASPs trending with poly cost, but this is not assured. While we model both poly price and module ASP declines, we also recognize that the two are not inextricably linked. Our model assumes JKS' poly cost peaks at $72/kg in 1Q11 and declines to $55/kg in 4Q11."
JinkoSolar soared in Monday's trading after smokin' the quarter, with revenue soaring by 261 percent to $215 million, smashing the $153.3 million analysts were looking for. Gross profit outperformed as well, increasing from $9.3 million to $72 million.
Two things the company has going for it in a slowing market is the continual commitment to lower costs, while also being able to land deal for 2011 when most the rest of the industry will struggle.
JinkoSolar closed Monday at $35.14, gaining $4.99, or 16.55 percent. Auriga raised their price target on JinkoSolar from $37 to $40 a share.
Monday, October 11, 2010
Yingli (NYSE:YGE), Jinko (NYSE:JKS), Trina (NYSE:TSL) Reflect Mixed Solar
The solar industry continues to perform all over the map, at least as far as analyst coverage goes, and the latest news has Jinko Solar (NYSE:JKS) and Jinko Solar (NYSE:JKS) downgraded, while Yingli and Trina Solar (NYSE:TSL) has coverage initiated on them by RBS (NYSE:RBS).
As far as the downgrades of Yingli (NYSE:YGE) and Jinko Solar (NYSE:JKS), that came from Oppenheimer, who cut them both from "Outperform" to "Perform."
Jinko Solar closed the week at $26.76, losing $1.81 on Friday, or 6.34 percent. Oppenheimer has a price target of $31 on them increasing it from their prior price target of $25.
For Yingli, they closed Friday at $12.77, falling $0.45, or 3.40 percent. They have a price target of $14 on them from Oppenheimer.
For RBS, they initiated coverage on Trina and Yingli, starting them both off at "Outperform." They have a price target on Yingli of $38, and a price target of $17 on Trina.
Trina closed Friday at $28.53, losing $0.46, or 1.59 percent.
As far as the downgrades of Yingli (NYSE:YGE) and Jinko Solar (NYSE:JKS), that came from Oppenheimer, who cut them both from "Outperform" to "Perform."
Jinko Solar closed the week at $26.76, losing $1.81 on Friday, or 6.34 percent. Oppenheimer has a price target of $31 on them increasing it from their prior price target of $25.
For Yingli, they closed Friday at $12.77, falling $0.45, or 3.40 percent. They have a price target of $14 on them from Oppenheimer.
For RBS, they initiated coverage on Trina and Yingli, starting them both off at "Outperform." They have a price target on Yingli of $38, and a price target of $17 on Trina.
Trina closed Friday at $28.53, losing $0.46, or 1.59 percent.
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