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Tag Archives: streetinsider

Piper On Suntech Power (STP): “Distressed Balance Sheet Keeps Us On the Sidelines”

According to StreetInsider.com, Piper Jaffray is initiating coverage on Suntech Power (STP) today witha Neutral rating and a price target of $13.  It calls the company’scurrent overcapacity, distressed balance sheet and lower utilization areason to stay on the sidelines until a meaningful pull back in thestock.  They believe unabsorbed overhead and lower margin will persistthrough 2010.  [...]

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Citi Raises First Solar Price Target, Maintains Hold

According to StreetInsider.com Citi is out with a hold on First Solar (FSLR) but is raising the price target from $130 to $150.  Citi believes the solar industry is entering a sustainable period ofsecular growth with business models in the space “exhibiting positiveearnings leverage.” “Consistent with our investment framework, we believe that solarstocks, in general, [...]

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