November 7, 2008 – Analyst Notes – Global Hunter’s Justin Cable issued the comments on Akeena Solar (Nasdaq:AKNS), maintaining his NEUTRAL stance and lowering his price target to $2.50 from $5.00 and Altair Nanotechnologies (Nasdaq:ALTI), maintaining his SELL rating and lowing his price target to $1.00 from $1.50. Here are his takeaways: Akeena ·         Q3 revenues beat by 15% ·         Net loss for quarter larger than expected ·         Gross margin was 12.7% vs. estimated 17% ·         Increase in debt ·         Increase in backlog ·         Installed 1,290kw in quarter versus 854 in prior quarter ·         Higher inventory ·         Guidance maintained by management – 30% to 40% revenue growth for FY08 and EBITDAS breakeven in second half of FY2009 Altair ·         Revenues still minimal ·         Significant losses continue ·         Cash of $33.7 million ·         Yet to see material orders We think Cable’s assessments on both companies is right on. In fact, we would probably be more conservative, and assume a forward ...