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Takeaways From Solar Conference: Still Too Early To Be Broadly Positive
Wednesday, September 14, 2016 - 3:16pm | 517Solar power faces demand risk, according to Goldman Sachs, as the supply is not reduced and, therefore, the average selling price is down. Analysts Brian Lee, Hank Elder and Candace Dechant do not see a turnaround of fortunes for the sector. Furthermore, prolonged cyclical pressure is expected to...
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Recode: Procter & Gamble Or Unilever Could Be Interested In Buying Jessica Alba's Company
Friday, September 9, 2016 - 1:55pm | 280Actress Jessica Alba is in talks to sell the diaper and personal care product company she co-founded. Alba co-founded The Honest Company, which places a heavy emphasis on selling non-toxic household products. She launched the company in 2011 with Brian Lee, an entrepreneur who co-founded Legalzoom....
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First Solar's Q2 Was Solid Amid Cyclical Fears, Future Skepticism
Thursday, August 4, 2016 - 7:53am | 335While First Solar, Inc. (NASDAQ: FSLR) delivered a strong Q2, with bookings ahead of expectations, there is low visibility into the 2017 performance, Goldman Sachs’ Brian Lee said in a report. He maintained a Buy rating on the company, with a price target of $67. First Solar reported its...
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Goldman Sees Risk/Reward Balancing For TerraForm Global
Thursday, July 21, 2016 - 10:25am | 308Goldman Sachs’ Brian Lee believes TerraForm Global Inc (NASDAQ: GLBL) has a more balanced risk/reward, given the increased probability of M&A. Lee has upgraded the rating on the company from Sell to Neutral, while raising the price target from $1.50 and $3.25. Preliminary Results...
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Jessica Alba's Honest Co. Taking Its Sweet Time Going Public
Thursday, June 30, 2016 - 2:45pm | 299Jessica Alba's Honest Co., the shopping startup best known for creating diapers, sunscreens and cleaning products, is not in a rush to go public, reported Bloomberg, referring to the sources close to the company. Honest Co. posted revenue of about $275 million in 2015, significantly higher than the...
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Goldman Sachs Negative On SolarCity Moments Before News Hit Of Tesla's Interest
Tuesday, June 21, 2016 - 6:53pm | 614After hours on Tuesday, before news hit that Tesla Motors Inc (NASDAQ: TSLA) proclaimed interest in SolarCity Corp (NASDAQ: SCTY), Goldman Sachs once again showed the amazing timing they have in lieu of the Chinese Wall that exists between research and investment banking. Recall on May 18 when...
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Goldman Downgrades Solaredge Technologies To Neutral, Off Americas Conviction List
Tuesday, May 10, 2016 - 11:14am | 276Solaredge Technologies Inc (NASDAQ: SEDG) shares have declined 23 percent since January 5, when it was added to Goldman Sachs’ Americas Conviction Buy List. Goldman Sachs’ Brian Lee downgraded the company from Buy to Neutral, while lowering the price target from $42 to $25....
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Goldman Reinstates TerraForm Power At Neutral, But Is Selling TerraForm Global
Monday, May 2, 2016 - 9:14am | 319Sunedison Inc (OTCMKTS: SUNEQ) filed for bankruptcy on April 21. Goldman Sachs' Brian Lee reinitiated coverage of TerraForm Power Inc (NASDAQ: TERP) with a Neutral rating and a price target of $10, while maintaining a Sell rating for TerraForm Global Inc (NASDAQ: GLBL) and a price target of $...
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First Solar's Analyst Day Should Be A Positive Catalyst
Thursday, March 31, 2016 - 10:35am | 306First Solar, Inc. (NASDAQ: FSLR) is scheduled to host an Analyst Day on April 5. This would be the first such even since early 2014, during which the company is expected to provide updates on operating metrics targeting potentially through 2018, technology roadmap, capital allocation and other...
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Goldman Cuts TerraForm Global's Price Target In Half, Still Selling On Sunedison Risks
Wednesday, March 30, 2016 - 7:37am | 275Goldman Sachs’ Brian Lee maintained a Sell rating for TerraForm Global Inc (NASDAQ: GLBL), while slashing the price target from $3 to $1.50, after the company announced a likely delay in its 2015 10-K filing. The delay in filing results from the overlapping of financial reporting and...
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Goldman Still Neutral On Sunrun: Here's Why
Friday, March 18, 2016 - 11:45am | 242Goldman Sachs’ Brian Lee maintained a Neutral rating for Sunrun Inc (NASDAQ: RUN), with a price target of $7. He mentioned the key takeaways from a meeting with the company’s Chairmen Ed Fenster on March 17. Ample Liquidity, Limited Leverage While the solar segment has been facing...
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Goldman Reinstates Vivint Solar At Sell, $3 Target; Credit Suisse's Sentiment Is Similar
Thursday, March 17, 2016 - 8:38am | 512Goldman Sachs’ Brian Lee reinitiated coverage of Vivint Solar Inc (NYSE: VSLR) with a Sell rating and price target of $3. Downside Risk Lee believes that there could be 17 percent downside risk to the stock valuation, as compared to the 17 percent upside expected for Goldman Sachs...
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Goldman Downgrades Solar Sector To Neutral, Says 'Growth To Value'
Tuesday, January 5, 2016 - 10:27am | 664U.S. solar stocks surged more than 50 percent in December. Goldman Sachs’ Brian Lee downgraded the view on the Solar sector from Attractive to Neutral. Lee maintained a “selective bias” toward companies with robust balance sheets, solid cash flows and improving returns...
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Goldman Downgrades SunPower To Neutral Amid A 'Higher Bar' Into 2016
Tuesday, January 5, 2016 - 10:07am | 279On Tuesday, Goldman Sachs issued a company report on SunPower Corporation (NASDAQ: SPWR) after a recent review of the firm's performance and valuation relative to their peers in the solar industry. Goldman Sachs downgraded SunPower Corporation from Buy to Neutral and raised their price target from...
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SolarEdge Is Up 5% After Goldman Adds Stock To Conviction Buy List
Tuesday, January 5, 2016 - 9:58am | 316Shares of Solaredge Technologies Inc (NASDAQ: SEDG) have appreciated 48.31 percent over the past month. Brian Lee of Goldman Sachs has maintained a Buy rating on the company, while raising the price target from $32 to $41. While adding the stock to Goldman Sachs’ Americas Buy List,...