Lazard Capital Markets analyst Sanjay Shrestha has come out maintaining his Buy recommendation on several names in the alternative energy space.
- Energy Conversion Devices (NASDAQ: ENER) maintain BUY rating and $40.00 target. Lazard met with the management team and views it as a one of the best turnaround story in the solar space; after many decades of being an R&D company, it has recently moved towards commercialization and growth under new leadership. It places a high-$20’s value on Solar operation, and a $12 value on the company’s Ovonics unit. It currently places no value on its COBASYS unit, although it could add value in long-term.
- Canadian Solar (NASDAQ: CSIQ) was also maintained as a BUY rating with the current $21.24 price being short of the $24.00 price target.
- Evergreen Solar (NASDAQ: ESLR) was also maintained as a BUY rating with its $9.09 being well short of its $15.00 target.
We have featured several of these alternative energy names in our own "Stocks Under $10" weekly subscriber letter.
We frequently discuss restructurings, activist investor trends, IPO’s, back door plays into IPO’s, SPAC’s, spin-offs, and more on our open email distribution list.
Jon C. Ogg
April 1, 2008
Jon Ogg produces the Special Situation Investing Newsletter and he can be reached at [email protected]; he does not own securities in the companies he covers.
Want to Retire Early? Start Here (Sponsor)
Want retirement to come a few years earlier than you’d planned? Or are you ready to retire now, but want an extra set of eyes on your finances?
Now you can speak with up to 3 financial experts in your area for FREE. By simply clicking here you can begin to match with financial professionals who can help you build your plan to retire early. And the best part? The first conversation with them is free.
Click here to match with up to 3 financial pros who would be excited to help you make financial decisions.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
