Stephen Byrd

Morgan Stanley’s Stephen Byrd believes First Solar, Inc. (NASDAQ: FSLR)'s technology advantage suggests the company has the potential for resilient module margins in the longer term. Byrd maintains an Equal-Weight rating on the company, while lowering the price target from $63 to $59. Longer-...

The Solar industry is facing challenges due to oversupply and a tighter regulatory environment in a number of key markets, Morgan Stanley’s Stephen Byrd said in a report. He downgraded the rating on Canadian Solar Inc. (NASDAQ: CSIQ) from Overweight to Underweight and reduced the price...

Morgan Stanley downgraded shares of SCANA Corporation (NYSE: SCG) to an Underweight rating citing Toshiba Corp (USA) (OTC: TOSYY) and weakness in construction. The brokerage also kept a price target of $67.00 on the shares of the company. Analysts led by Stephen Byrd cited the risk of future/...

The potential impact of the expiration of the ITC has weighed heavily on solar stocks. Shares of solar stocks SolarCity Corp (NASDAQ: SCTY) and Sunrun Inc (NASDAQ: RUN) have both plummeted more than 30 percent in the past month. Morgan Stanley believes that the market selloff has been overdone and...

Sunrun Inc (NASDAQ: RUN), a provider of solar energy to homeowners, is a scalable, high-margin, high-growth company, according to Stephen Byrd of Morgan Stanley. In a report published Monday, Byrd initiated coverage of Sunrun with an Overweight rating and $23 price target given its industry-...

A recent Morgan Stanley report focused on the future of renewable energy. Analysts discussed long-term changes that will come about in the sector in the coming years. Solar Weakness Analysts see several factors negatively impacting the solar industry in upcoming years. First, as the industry...