This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Solar Stock Gainers: First Solar, GT Solar

Stocks in this article: FSLR SOLR ASYS AMAT BTUI NVLS

NEW YORK ( TheStreet) -- U.S. solar companies GT Solar (SOLR) and First Solar (FSLR) received bullish valuation calls on Wednesday morning, and are among U.S. solar stocks gaining in trading.

Wunderlich Securities released a note on GT Solar on Wednesday morning stating that its valuation was a steal based on the likelihood of an acquisition by a larger equipment company.

In the case of First Solar, Piper Jaffray is betting that its upcoming annual guidance conference call will be a catalyst for shares to move higher.

GT Solar shares were up more than 5% in early trading on Wednesday.

First Solar shares were up a more modest 2%, but still the only other considerable gainer among U.S. solar stocks.

Wunderlich analyst Theodore O'Neill wrote on Wednesday morning, "Investors should take a hard look at the unusual valuation of GT Solar (SOLR) stock relative to its peers. At the current valuation of 5.7x our 2011 EPS estimate of $1.37, an acquisition of GT Solar by almost any equipment company would be immediately accretive even at twice the price (assuming redundancies were eliminated)."

Likely acquirers of GT Solar, according to Wuderlich, are semiconductor or solar equipment makers. Amtech Systems (ASYS), Applied Materials (AMAT), BTUI (BTUI) and Novellus (NVLS).

Wunderlich argues that paying a 2x premium to the current GT Solar share price would still be accretive for the acquiring company.

General analyst expectation ahead of the First Solar annual conference call -- it's simply a conference call this year and not an actual investor day as in past years -- is for a positive catalyst, though whether it's just for First Solar or for the solar stock group as a whole remains open to debate.

First Solar will be hosting the call on the afternoon of Dec. 14.

Piper Jaffray is betting that the call will be a positive for First Solar shares specifically, starting the revenue and EPS guidance for 2011 above the Street consensus $3.6 billion and $8.50..

1 of 2

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 17,959.44 +154.64 0.87%
S&P 500 2,078.54 +7.89 0.38%
NASDAQ 4,781.4240 +16.0440 0.34%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs