Just heard about this one on CNBC and thought it should be radared as commodity prices are going vertical.
Open: 36.45 Mkt Cap: 2.27B P/E: -52.63
High: 38.34 52Wk High: 45.09 F P/E: N/A
Low: 36.08 52Wk Low: 24.30 Beta: N/A
Vol: 169,614.00 Avg Vol: 395,000.00 EPS: 0.68
from Forbes.com
Sunny Days Ahead for SunPower
Mary Crane, 04.07.06, 6:10 PM ET
It’s a sunny forecast for solar energy producer SunPower, which could solidly beat analyst estimates for the first half of the year.
So says Piper Jaffray analyst Jesse W. Pichel, whose 2006 estimate for SunPower (nasdaq: SPWR - news - people ) remains at $221 million, $6 million more than the consensus, with an estimated earnings per share of 37 cents versus the consensus of 32 cents.
Based on meetings with SunPower suppliers and customers this week in Germany, Pichel believes SunPower has enough solar wafers to meet current demand and is ramping up for additional production ahead of schedule.
The analyst says 2007 estimates are difficult to make with respect to the limited supply of polysilicon — used to make solar wafers — but expectations for the first half of 2006 are set low and estimates will likely increase.
SunPower could see revenues of more than $3 million above the first-quarter consensus estimate of $39.5 million, and more than $5 million above the second-quarter consensus estimate of $47.6 million.
The downside risks to SunPower’s prospects include a polysilicon shortage, fewer government incentives to invest in solar power and pricing pressures and lower margins.
Pichel maintains an “outperform” rating and price target of $38 on SunPower stock.
Open: 36.45 Mkt Cap: 2.27B P/E: -52.63
High: 38.34 52Wk High: 45.09 F P/E: N/A
Low: 36.08 52Wk Low: 24.30 Beta: N/A
Vol: 169,614.00 Avg Vol: 395,000.00 EPS: 0.68
from Forbes.com
Sunny Days Ahead for SunPower
Mary Crane, 04.07.06, 6:10 PM ET
It’s a sunny forecast for solar energy producer SunPower, which could solidly beat analyst estimates for the first half of the year.
So says Piper Jaffray analyst Jesse W. Pichel, whose 2006 estimate for SunPower (nasdaq: SPWR - news - people ) remains at $221 million, $6 million more than the consensus, with an estimated earnings per share of 37 cents versus the consensus of 32 cents.
Based on meetings with SunPower suppliers and customers this week in Germany, Pichel believes SunPower has enough solar wafers to meet current demand and is ramping up for additional production ahead of schedule.
The analyst says 2007 estimates are difficult to make with respect to the limited supply of polysilicon — used to make solar wafers — but expectations for the first half of 2006 are set low and estimates will likely increase.
SunPower could see revenues of more than $3 million above the first-quarter consensus estimate of $39.5 million, and more than $5 million above the second-quarter consensus estimate of $47.6 million.
The downside risks to SunPower’s prospects include a polysilicon shortage, fewer government incentives to invest in solar power and pricing pressures and lower margins.
Pichel maintains an “outperform” rating and price target of $38 on SunPower stock.
alot of support at this level....watching
