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A Pair Trade In The LED Space: Buy Cree, Sell Acuity
Thursday, December 8, 2016 - 10:36am | 378Companies in the lighting industry are facing margin pressure and are seeking to “diversify away from pure device manufacturing,” JMP Securities’ Joseph Osha mentioned in a report. He initiated coverage of Acuity Brands, Inc. (NYSE: AYI) and Cree, Inc. (NASDAQ: CREE), saying that...
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First Solar Could Be Profitable By Next Year, But That May Not Satisfy Investors
Thursday, November 3, 2016 - 2:00pm | 330Shares of First Solar, Inc. (NASDAQ: FSLR) plummeted more than 17 percent to a new 52-week low of $32.90 on Thursday after the company reported third quarter earnings results. Joseph Osha of JMP Securities maintained a Market Underperform rating on First Solar's stock with an unchanged $32...
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JMP Securities: 2017 Consensus Estimates For First Solar Are Significantly Too High
Friday, September 16, 2016 - 2:41pm | 349JMP Securities sees the consensus estimates of $2.22 EPS on revenue of $2.97 billion on First Solar, Inc. (NASDAQ: FSLR) for the year 2017 as significantly too high. Conversely, analyst Joseph Osha expects the company to deliver GAAP EPS of $1.34 for the same period. Following its participation in...