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
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