Analyst Rating Changes: STP, JASO Upgraded Again; BofA Starts ITRI At Buy

The upgrades keep coming in for Suntech Power (STP) and JA Solar (JASO). Yesterday they were upgraded by Barclaysand this morning Thomas Weisel is doing the same, upgrading both fromUnderweight to Market Weight. Both stocks are holding yesterday’sbreakout moves well despite heavy selling in the overall market today. While it could be a rocky ride, solar [...]

Collins Stewart Upgrades First Solar (FSLR) To Buy, $160 Price Target

Collins Stewart upgraded First Solar (FSLR) from Hold to Buy this morning and has a price target of $160. Hat tip to StreetInsider.com for the following analyst comments: The firm notes that its downgrade in March was “due to concerns thatits CY10 EPS was at risk due to impending module price cuts and itssignificant valuation [...]

Broadpoint Maintains First Solar (FSLR) Buy Rating But Lowers Price Target

Yesterday Broadpoint came out reiterating its Buy rating on FirstSolar (FSLR), but lowered the price target to $165 which is still wellabove the current price of $120 Hat tip to StreetInsider.com for the following analyst comment “Following updated cost reduction guidance from poly-based moduleproducers last week, we are reducing our FSLR 2010 estimates to betterreflect [...]

Deutsche Bank Upgrades Sunpower (SPWRA) To Buy, Raises Price Target

Deutsche Bank is upgrading SunPower (SPWRA) to Buy this morning and raising the price target from $28 to $31. Hat tip to StreetInsider.com for the following analyst comment: “We are upgrading SunPower to Buy based upon earnings power(valuation), anticipated industry growth, and SunPower’s marketposition. We were disappointed with the company’s 3Q09 marginperformance, and while we [...]

JANCO Upgrades Sunpower To Buy (SPWRA)

JANCO Partners upgraded Sunpower (SPWRA) this morning fromAccumulate to Buy because they believe the sell off after earnings isoverdone. Hat tip to StreetInsider.com for the following analyst comment: “We are upgrading the stock to a Buy rating based on the upsidepotential in the stock given the recent pullback since the companyannounced earnings on 10/22/2009. With [...]

Sunpower Gets Buy Rating (SPWRA)

Janney Montgomery Scott initiated coverage on SunPower (SPWRA) with a Buy after the bell yesterday with a price target of $45. Hat tip to StreetInsider.com for the following analyst comment: “SunPower is a technology leader and has the strongest brand in thesolar industry. The Company’s position downstream will allow it todrive sell-through, react quickly to [...]

Europe Joins Solar Protectionism Posse

It seems easy to embrace protectionism when the economy is in bad shape and competition is intense. There is a "buy American" provision in the stimulus package passedearlier this year, for example, while China has announced a series ofincentives in recent months that are meant to give domestic solarcompanies a big boost. The protectionist sentiment [...]

Solar Stock Analyst Upgrades (YGE) (FSLR) (SPWRA) (HSBC)

Some positive analyst ratings are out this morning. Here’s the rundown: Hat tip to StreetInsider.com for the analyst comments. First Solar (FSLR) gets a Buy rating from Merriman Curhan. The firm says, “First Solar is a leading provider of thin film solartechnology primarily serving the power utility market and continues tocommand cost leadership at $0.87/watt vs. [...]

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