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- 2005-11-19
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SunPower Shares Down on Silicon Worries
( 還是硅惹的镬)
By MAE ANDERSON AP Business Writer
The Associated Press
April 7, 2006, 10:28AM
NEW YORK — Shares of solar-panel maker SunPower Corp. dropped on Friday after an analyst said
limited raw-material availability might limit the company's earnings through 2008.
Jefferies & Co. Inc. analyst Jeffrey W. Bencik initiated coverage of SunPower with a "Hold" rating and a
$38 price target.
"Although the long-term prospects for SunPower are positive, the intermediate concerns relative to
raw material availability are likely to limit earnings-per-share potential through 2008, before silicon supply
is added to the market," Bencik wrote in a note to investors.
He forecast a profit of 55 cents per share in 2007 and 74 cents per share in 2008.
Analysts, on average, predict a profit of 66 cents per share for 2007 and $1.18 per share for 2008,
according to a poll by Thomson Financial.
"Demand for SunPower's products remains high as evidenced by two recent contract wins ...
for a total of $630 million over four years, but our greater concern is the main input, silicon," he said.
"We do not believe the silicon shortage or impacts from inflationary silicon pricing are
fully reflected in consensus estimates. Contract price for silicon has tripled over the last 2 years and
likely to go higher."
Shares of the Sunnyvale, Calif.-based company fell $1.25, or 3.4 percent, to $36 in morning trading on
the Nasdaq. The stock has traded in a 52-week range of $24.30 to $45.09.
Stock was down across the solar power board.
Elsewhere, shares of China's Suntech Power Holdings Co. Ltd., which makes photovoltaic
solar cells, fell 24 cents to $33.51 on the New York Stock Exchange.
Energy Conversion Devices Inc. saw shares fall 94 cents to $47.16 on the Nasdaq.
Shares of Evergreen Solar Inc., a Marlboro, Mass.-based manufacturer of solar power cells and panels,
declined 16 cents to $14.81 on the Nasdaq.
[ 本帖最后由 the_top 于 2006-4-9 17:58 编辑 ] |
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发表于 2006-4-8 20:04