Goldman Sachs (GS) On China Solar Stocks
Green Stocks Central
I just posted about a few US solar companies Goldman Sachs (GS) initiated coverage on and hereis the China solar coverage. Again, hat tip to Street Insider for the ratingsthis morning.
JA Solar (JASO) initiated with a Conviction Buy rating and $7.50price target. It’s calling JASO it’s “top pick”, citing an improvementto cash returns and a better looking balance sheet than its solarcompetitors. Shares are up nearly 5% today. Get JA Solar Technical Analysis
Yingli Green Energy (YGE) gets a Neutral rating and a $10 pricetarget. Get Yingli Technical Analysis
Trina Solar (TSL) gets a Neutral rating and $17.80 price target. Get Trina Solar Technical Analysis
Suntech Power (STP) gets a Sell rating and an $8.40 price target.They believe Suntech’s current valuation premium looks unwarranted dueto a “lower cash margin and stretched balance sheet. Shares of STP areholding up well this morning, down just 1%. Get Suntech Power Technical Analysis
Goldman Sachs (GS) On China Solars: Buy JASO; Neutral YGE, TSL; Sell STP
