Solar Stocks of the Day: SPWRA, LDK, CSUN, WFR (7/24/2009)

Below are today’s notable solar stocks with significant news and price performance:

SunPower Corporation (NASDAQ:SPWRA) surged 28.9% to$32.04. The company’s Q2:09 earnings were well above analystexpectations. Barclays Capital raised target price from $25 to $31, andmaintained Equal Weight rating on SPWRA. FBR Capital Markets upgradedSPWRA to Outperform from Market Perform, and raised target price to $40from $22. Collins Stewart upgraded SPWRA from Sell to Hold. PiperJaffray reiterated Overweight rating and maintained price target of $30.

LDK Solar Co., Ltd. (NYSE:LDK) rose 14.7% to$11.81. The company increased its forecasts for Q2:09 revenue andshipment. Lazard Campital Markets maintained Sell rating and pricetarget of $6 on LDK.

China Sunergy Co., Ltd. (NASDAQ:CSUN) rose 11.9% to$5.55. The company pre-announced that its Q2:09 solar cell shipmentswere above its previous guidance of 35MW to 40MW. It also expected toreturn to positive earnings for Q2:09. Lazard Capital Marketsmaintained Hold rating on CSUN.

MEMC Electronic Materials, Inc. (NYSE:WFR) dropped10.3% to $18.72. The company reported Q2:09 earnings yesterday aftermarket close. Barclays Capital downgraded WFR from Overweight to EqualWeight, and maintained $18 target price. Oppenheimer & Co.downgraded WFR from Outperform to Perform. Piper Jaffray maintainedNeutral rating and $17 price target of WFR.

Here is the daily performance ranking of 22 U.S.-listed solar stocks:

Rank Company (Ticker) Last price Daily Change
1 SunPower Corporation (NASDAQ:SPWRA) 32.04 28.9%
2 LDK Solar Co., Ltd. (NYSE:LDK) 11.81 14.7%
3 Energy Conversion Devices, Inc. (NASDAQ:ENER) 15.22 12.9%
4 Akeena Solar, Inc. (NASDAQ:AKNS) 1.41 12.8%
5 China Sunergy Co., Ltd. (ADR) (NASDAQ:CSUN) 5.55 11.9%
6 JA Solar Holdings Co., Ltd. (ADR) (NASDAQ:JASO) 5.32 11.3%
7 Yingli Green Energy Hold. Co. Ltd. (ADR) (NYSE:YGE) 15.10 11.3%
8 Solarfun Power Holdings Co., Ltd. (ADR) (NASDAQ:SOLF) 7.50 10.0%
9 Hoku Scientific, Inc. (NASDAQ:HOKU) 2.14 8.6%
10 Canadian Solar Inc. (NASDAQ:CSIQ) 15.56 8.4%
11 Suntech Power Holdings Co., Ltd. (ADR) (NYSE:STP) 20.49 8.2%
12 Evergreen Solar, Inc. (NASDAQ:ESLR) 2.34 7.8%
13 First Solar, Inc. (NASDAQ:FSLR) 169.43 7.4%
14 ReneSola Ltd. (ADR) (NYSE:SOL) 6.20 7.3%
15 GT Solar International, Inc. (NASDAQ:SOLR) 6.16 7.1%
16 DayStar Technologies Inc. (NASDAQ:DSTI) 0.84 6.3%
17 Trina Solar Limited (ADR) (NYSE:TSL) 31.10 2.9%
18 Spire Corporation (NASDAQ:SPIR) 6.01 2.7%
19 EMCORE Corporation (NASDAQ:EMKR) 1.22 2.5%
20 BTU International, Inc. (NASDAQ:BTUI) 6.36 1.9%
21 Ascent Solar Technologies, Inc. (NASDAQ:ASTI) 8.16 0.2%
22 MEMC Electronic Materials, Inc. (NYSE:WFR) 18.72 -10.3%

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