Most Solar companies are likely to miss expectations in Q3, “extending the challenging setup for stocks that has persisted recently,” Goldman Sachs’ Brian Lee said in a report. He added, however, that the upcoming US election and the disparity in the views on climate change of the leading candidates could offset company specific issues and act as a bigger catalyst.
Naming Sunrun Inc
Sunrun could deliver an EPS beat, with a figure of ($0.01), versus consensus expectation of ($0.10) on lower costs and in-line volumes, since the company appears “best positioned to capitalize on the current cycle that has sent input prices sharply lower in 3Q.” the analyst wrote.
The company may report an 8 percent sequential decline in all in-costs, also backed by a better mix. The commentary on share gains and cash flow is likely to be positive.
Lee maintained a Sell rating on Solaredge Technologies Inc
The analyst maintained a Neutral rating on First Solar, Inc.
“For 2016, we see a push-out of Stateline taking EPS guide down ~$1 to a mid-point of ~$3.25 with low visibility on 2017 persisting owing to lack of new systems bookings in 2H,” Lee wrote.
Lee maintained a Neutral rating on SolarCity Corp
Although focus would be on the shareholder vote, “we see potential Silevo liability as a new investor concern,” the analyst commented.
The analyst reiterated a Neutral rating on SunPower Corporation
Lee maintained a Neutral rating on Vivint Solar Inc
Do you have ideas for articles/interviews you'd like to see more of on Benzinga? Please email
|Oct 2016||Axiom Capial||Initiates Coverage On||Sell|
|Oct 2016||Goldman Sachs||Downgrades||Neutral||Sell|
|Sep 2016||Canaccord Genuity||Assumes||Buy|
© 2016 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.