Today's stock selection: SPWR
Reference:
Bull of the Day for Jun 10, 2008
http://www.zacks.com/newsroom...
The fortunes of SPWR appear greener given the very high
growth potential in the alternative energy industry, and
specifically solar power energy, with apparently greater
certainty of polysilicon supply through SunPower s new 5-
year supply agreement with Jiawei SolarChina. In
addition, a new solar cell manufacturing facility in the
Philippines and the company s expansion into the Italian
market with the acquisition of Solar Solutions adds
visibility to the story. However, after reaching an intra-day
high of $164.49 on November 8, 2008, the price has come
down heavily on account of inhibitions regarding future
U.S. energy policy. On the other hand, new cheaper
polysilicon supply contracts and thinner wafers are
improving the solar cell and panel production overheads.
Thus we maintain our BUY recommendation on SPWR
common stock with a six-month target price of $106.75.
Price appreciation to our near-term target price represents
34.6% upside potential
http://astuk-virtuallystocks.blogspot.com/
$74.75 (06/10/08)
