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Janney Upgrades American Water Works After Pivotal Acquisition: 'The Upside Potential Outweighs Downside Risk'
Monday, April 16, 2018 - 10:58am | 346Read More...American Water Works Company Inc (NYSE: AWK) announced April 11 an agreement to acquire Pivotal Home Solutions, a unit of Southern Co (NYSE: SO), for $365 million in cash. Since the announcement, the stock has shed over 1 percent, while it also trading well off its high for the year. The...
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Strong Outlook, Pullback On Shares Lead Janney To Upgrade RGC Resources
Tuesday, February 6, 2018 - 2:41pm | 440Read More...RGC Resources Inc. (NASDAQ: RGCO) reported fiscal 2018 first-quarter results Monday that were hurt by charges tied to U.S. tax legislation. The Analyst Janney analyst Michael Gaugler upgraded RGC Resources from Neutral to Buy and lowered the fair value estimate from $29 to $27. The...
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First Solar's Outlook Dims After Q3 Results
Thursday, November 3, 2016 - 10:07am | 279Read More...Janney downgraded First Solar, Inc. (NASDAQ: FSLR) to Neutral from Buy on tepid outlook and lower module prices that sets tone for a difficult earnings for 2017 and 2018. Driven by tax benefits, First Solar’s third quarter non-GAAP EPS of $1.22 was well above Janney’s $0.78 forecast...
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American Water Works No Longer A Buy, Janney's Gaugler Cuts On 'Concern' With Valuation
Friday, February 26, 2016 - 11:55am | 265Read More...Janney Montgomery Scott's Michael Gaugler downgraded the rating on American Water Works Company Inc (NYSE: AWK) from Buy to Neutral, given that the stock is now trading above the fair value estimate of $66. "The shares have performed well in recent years, riding a wave of higher...
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SunEdison Responds Following Hawaiian Electric Contract Cancellation
Friday, February 19, 2016 - 11:34am | 609Read More...According to a report by Bloomberg, Sunedison Inc (NYSE: SUNE) fell "so far behind" on some of its solar farms that its client Hawaiin Electric Co. (HECO) canceled its contract for 148 megawatts of solar power. Shares of SunEdison were trading unchanged at $1.51 after Friday's opening bell. HECO...
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Janney's Gaugler Downgrades Sunedison On HECO Termination, Warns Cash Outlook Might Not Be Met
Friday, February 19, 2016 - 11:05am | 308Read More...Janney's Michael Gaugler has downgraded the rating on Sunedison Inc (NYSE: SUNE) from Buy to Neutral, while lowering the price target to $5.50. The downgrade is based on the recent announcement by Hawaiian Electric Industries, Inc. (NYSE: HE) of the withdrawal of its power purchase agreement with...
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Mueller Water Initiated Buy At Janney, Margins To Expand As U.S. Housing Continues To Recover
Tuesday, January 12, 2016 - 1:46pm | 248Read More...Janney Capital recently issued a report highlighting Mueller Water Products, Inc. (NYSE: MWA) after initiating coverage on the manufacturer. Janney rates Mueller Water at Buy with a Fair Value Estimate of $10. Analysts Michael Gaugler and Katherine Burke wrote, "We consider Mueller Water...
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Janney Downgrades American States Water To Sell
Friday, October 16, 2015 - 11:18am | 241Read More...American States Water Co (NYSE: AWR) shares have been volatile in 2015 and are up 8 percent year-to-date. Janney’s Michael Gaugler downgraded the rating on the company from Neutral to Sell, while maintaining the fair value estimate at $36. Investors should book profits in view of...
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Janney Trims SunEdison Estimates: Here's Why
Thursday, October 8, 2015 - 9:31am | 257Read More...The share price of Sunedison Inc (NYSE: SUNE) has declined 67.86 percent over the past three months, touching a low of $6.66 on September 29. Janney’s Michael Gaugler has maintained a Buy rating on the company, while lowering the price target from $23 to $20. SunEdison...
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Brean Cuts Estimates On IDEX, Watts Water Technologies And Xylem Over Forex Concerns
Tuesday, January 13, 2015 - 12:47pm | 353Read More...Brean Capital reduced estimates for IDEX Corporation (NYSE: IEX), Watts Water Technologies Inc (NYSE: WTS) and Xylem Inc (NYSE: XYL) Tuesday due to a decline in the Euro versus the Dollar. Analyst Michael Gaugler noted that all three companies "derive about 35 percent to 40 percent of...
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UPDATE: Brean Capital Downgrades Northeast Utilities System On Valuation
Tuesday, December 30, 2014 - 10:36am | 131Read More...In a report published Tuesday, Brean Capital analyst Michael Gaugler downgraded the rating on Northeast Utilities System (NYSE: NU) from Buy to Hold. In the report, Brean Capital noted, “We are downgrading our rating on the shares of Northeast Utilities to Hold from Buy, based on valuation. The...
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Brean Capital Adjusts Estimates For Chesapeake Utilities
Monday, December 29, 2014 - 8:22am | 164Read More...In a report published Monday, Brean Capital analyst Michael Gaugler reiterated a Hold rating on Chesapeake Utilities Corporation (NYSE: CPK). In the report, Brean Capital noted, “We have adjusted our forward estimates on Chesapeake Utilities to reflect the recent precedent agreement the company...
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Brean Capital's Top Ideas For 2015
Friday, December 26, 2014 - 7:05pm | 961Read More...After an eventful 2014, the Brean Capital team came together to pick 28 stocks within each of the firm’s four coverage verticals -- Consumer, Healthcare, Natural Resources, and Technology -- to pay attention to in 2015. Below are four of the highlighted stocks, with one from each vertical...
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UPDATE: Brean Capital Initiates Coverage On Stantec
Wednesday, December 17, 2014 - 9:41am | 215Read More...Michael Gaugler of Brean Capital initiated coverage of Stantec Inc. (USA) (NYSE: STN) on Wednesday with a Buy rating and $34 price target. The analyst also placed a C$39 on shares listed on the Toronto Stock Exchange. "Stantec is primarily a design firm comprised of three Business...
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Analysts: Right Move On YieldCo For First Solar
Friday, November 7, 2014 - 4:35pm | 280Read More...First Solar, Inc.'s (NASDAQ: FSLR) decision to refrain from spinning out assets in a so-called yieldco disappointed investors Friday but analysts called it a sound long-term plan. The Tempe, Arizona-based solar electric plant maker's shares fell 11 percent Friday, trading recently at $...
