3 Stocks to Watch Today

Fri, 03/11/2011 - 11:21 EDT - Seeking Alpha

Rash Menaria submits: Energy Conversion Devices (ENER) plummeted 22.47% in after hours after its CEO warned that 50% of its FQ3 sales might be affected due to recent policy developments in France and Italy. The company reduced FQ3 production target to 25 MW from 30 MW (mid point of earlier guidance). The news is likely to weigh on other solar stocks as well and Sunpower (SPWRA), Power-One (PWER) and Evergreen Solar (ESLR) stocks are expected to be affected most due to their Italy exposure. The pending feed-in tariff cut in Italy and the potential hard cap on installation will continue to be an overhang on these stocks in near term. Aeropostale (ARO) reported Q4 EPS of $0.95 versus consensus of 0.97. Management guided Q1 EPS of 0.35 to 0.38 (versus consensus of $0.43) and full year EPS 2.20 to 2.40 (vs. consensus of $2.54). Stock sold off on the miss and was tradingComplete Story »

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3 Stocks to Watch Today
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