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Technology Stocks : Semi Equipment Analysis
SOXX 299.81+2.7%Dec 19 4:00 PM EST

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To: Donald Wennerstrom who wrote (60978)8/7/2013 10:24:09 AM
From: Donald Wennerstrom1 Recommendation  Read Replies (1) of 95616
 
S&P MAINTAINS BUY RECOMMENDATION ON SHARES OF SUNEDISON
9:14 AM ET 8/7/13 | S&P Marketscope

We keep our 12-mo target price at $13, on a blend of P/E and price-to-sales above peers.

We trim our '13 operating EPS estimate $0.09 to $0.11, but keep '14's at $0.65, and '15's at $0.77.

SUNE posts a Q2 operating loss of $0.19, vs. $0.07 EPS, wider than our $0.14 loss estimate.

Operating revenues rose 14% from Q1 on higher semiconductor and solar energy sales.

Margins narrowed more than we had forecast on project mix and higher solar project ramp costs.

We expect solar pipeline and backlog growth to translate to significantly higher revenue/earnings potential starting in Q4.
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