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UPDATE: Wedbush Reiterates on Tesla Motors Following Solid 3Q13 Results, But Short of Estimates
Wednesday, November 6, 2013 - 12:08pm | 165In a report published Wednesday, Wedbush analyst Craig Irwin reiterated an Outperform rating on Tesla Motors (NASDAQ: TSLA), but lowered the price target from $240.00 to $205.00. In the report, Wedbush noted, “Tesla posted solid 3Q13 financial results, beating across the board, but not as much as...
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UPDATE: Wedbush Reiterates on Polypore International Following Messy 3Q13 Results Report
Tuesday, November 5, 2013 - 11:28am | 126In a report published Tuesday, Wedbush analyst Craig Irwin reiterated a Neutral rating on Polypore International (NYSE: PPO), but lowered the price target from $44.00 to $38.00. In the report, Wedbush noted, “The company reported 3Q13 revenue/adjusted-EPS of $152.0m/$0.18, vs. our forecast of $175...
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Wedbush Reiterates on Tesla Ahead of Earnings
Friday, November 1, 2013 - 11:17am | 166In a report published Friday, Wedbush analyst Craig Irwin reiterated an Outperform rating and $240 PT on Tesla Motors (NASDAQ: TSLA) based on an expected strong third quarter. Wedbush estimates 3Q13 non-GAAP revenue of $583.2 million and EPS of $0.11. Irwin predicted 5,850 Model S vehicle...
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Wedbush Reiterates Outperform on Cree on Expected Strong 1Q14 Results
Friday, October 18, 2013 - 9:25am | 110In a report published Friday, Wedbush analyst Craig Irwin reiterated an Outperform rating and $83.00 price target on Cree (NASDAQ: CREE). In the report, Wedbush noted, “We expect margin gains in Cree's LED A-lamps and growth in the LED Lighting Fixtures market to drive strong 1Q14 results. We are...
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UPDATE: Wedbush Raises PT on Cree Based on Revenue Acceleration
Monday, October 14, 2013 - 1:56pm | 186In a report published Sunday, Wedbush analyst Craig Irwin raised estimates on Cree, Inc. (NASDAQ: CREE) and raised its PT from $78 to $83 based on revenue acceleration. Wedbush maintained an Outperform rating. Wedbush had a positive analysis of Cree's UR Series fluorescent replacement kit, noting...
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Wedbush Reiterates Neutral on Tesla Motors Following News of Model S Fire
Thursday, October 3, 2013 - 10:52am | 180In a report published Thursday, Wedbush analyst Craig Irwin reiterated a Neutral rating and $180.00 price target on Tesla Motors (NASDAQ: TSLA). In the report, Wedbush noted, “The lithium battery fire yesterday of a Tesla Model S, which was apparently caused by road debris, underlines safety issue...
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UPDATE: Wedbush Raises PT on Tesla Motors Following Investor Tour of Fremont Facility
Wednesday, September 25, 2013 - 10:41am | 148In a report published Wednesday, Wedbush analyst Craig Irwin reiterated a Neutral rating on Tesla Motors (NASDAQ: TSLA), and raised the price target from $150.00 to $180.00. In the report, Wedbush noted, “We hosted an investor tour of Tesla's manufacturing facility in Fremont, CA and came away...
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Wedbush Reiterates Neutral on Veeco Instruments Following Announcement of Acquisition of Synos Technologies
Friday, September 20, 2013 - 11:24am | 171In a report published Friday, Wedbush analyst Craig Irwin reiterated a Neutral rating and $35.00 price target on Veeco Instruments (NASDAQ: VECO). In the report, Wedbush noted, “VECO announced that it agreed to acquire flexible OLED equipment maker Synos Technology for $70m. An additional $115m...
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Wedbush Reiterates Outperform on Itron Following Company Restructuring Announcement
Thursday, September 12, 2013 - 11:49am | 158In a report published Thursday, Wedbush analyst Craig Irwin reiterated an Outperform rating and $45.00 price target on Itron (NASDAQ: ITRI). In the report, Wedbush noted, “Itron announced this morning that it plans to cut 750 employees, 9% of the total workforce. The company estimated that a pre-...
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UPDATE: Wedbush Raises PT on Cree on Positive Industry Momentum
Wednesday, July 10, 2013 - 8:16am | 106In a report published on Wednesday, Wedbush analyst Craig Irwin raised the price target on Cree (NASDAQ: CREE) from $59 to $78 and maintained an Outperform rating. In the report, Wedbush stated, "We rate shares of Cree OUTPERFORM as we believe the company will continue reporting rising margins...
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UPDATE: Wedbush Initiates Veeco Instruments at Neutral on Near-Term Caution
Friday, June 28, 2013 - 8:39am | 137In a report published Friday, Wedbush analyst Craig Irwin initiated coverage on Veeco Instruments (NASDAQ: VECO) with a Neutral rating and $35.00 price target. In the report, Wedbush noted, “While we expect Veeco to retain impressive earnings power in the next metal organic chemical vapor...
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UPDATE: Wedbush Initiates Tesla Motors at Neutral as Gen III Success Depends on Si-Alloy Cell
Friday, June 28, 2013 - 8:18am | 112In a report published on Thursday, Wedbush analyst Craig Irwin initiated coverage on Tesla Motors (NASDAQ: TSLA) with a Neutral rating and a $110 price target. In the report, Wedbush stated, "We see strong positives in a credible path to longer-term battery cost reduction and the Gen-III...
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UPDATE: Wedbush Initiates Darling International at Outperform on Good Market Position
Friday, June 21, 2013 - 8:59am | 207In a report published Friday, Wedbush analyst Craig Irwin initiated coverage on Darling International (NYSE: DAR) with an Outperform rating and $23.00 price target. In the report, Wedbush noted, “Initiating coverage on Darling at OUTPERFORM with a $23 price target. Darling is the largest...
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UPDATE: Wedbush Initiates Renewable Energy Group at Outperfom on Robust Market Conditions
Friday, June 21, 2013 - 8:49am | 127In a report published on Thursday, Wedbush analyst Craig Irwin initiated coverage on Renewable Energy Group (NASDAQ: REGI) with a rating of Outperform and a price target of $17. In the report, Wedbush stated, "As the largest U.S. biodiesel producer (~20% share in 2012), we believe REG is well...
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Wedbush Maintains Outperform Rating For Lime Energy (LIME)
Wednesday, May 12, 2010 - 2:51pm | 106Analysts Craig Irwin and David Giesecke at Wedbush have released an update on Lime Energy (NASDAQ: LIME). The company will report its first-quarter results on Thursday. Analysts expect Lime Energy to report first-quarter revenue of $11 million. Analysts believe that the strength in the commercial...