Goldman Sachs has an upgrade and a downgrade in the alternative energy sector today, although it notes positive headwinds in the sector continuing for 2008.
- On the auto-side for fuel cells, Goldman Sachs is trimming the rating on Ballard Power (NASDAQ: BLDP) from Neutral down to a Sell rating.
- In solar names, the firm is raising its SunPower Corp. (NASDAQ:SPWR) rating to a Buy from a Neutral and it raised next year’s earnings targets from $0.84 EPS to $0.97 EPS.
The brokerage firm likes companies with large potential markets that can be supplied, likes those with a competitive advantage, and those that are established that already have a track record. It also noted that out of the three areas of solar, clean coal, and fuel cells, it really prefers Solar the best as a subsector.
Jon C. Ogg
January 11, 2008
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
Our expert who first called NVIDIA in 2009 is predicting 2025 will see a historic AI breakthrough.
You can follow him investing $500,000 of his own money on our top AI stocks for free.