Jefferies & Co. Initiates Coverage on the Solar Sector (AMSC, FLSR, SPWRA, YGE, JASO)

Jefferies & Co. is initiating coverage on the solar sector this morning. While analysts did have previous ratings on WFR and SPWRA, most of the companies in the report are new additions. Interesting to note is that there are no “Sell” ratings in the space and that the “Buy” rated names have significant upside price targets (north of 20-25%). The following is all the companies in Jefferies’ report, followed by its respective rating and price target: •Buys: o Trina Solar ltd. TSL Buy; $35.00 o JA Solar JASO Buy; $8.00 o Yingli Green Energy YGE Buy; $15.00 •Holds: o Solarfun Power Holdings SOLF Hold; $8.00 o Canadian Solar Inc. CSIQ Hold; $11.00 o First Solar FSLR Hold; $138.00 •Downgrades: o MEMC Electronic Materials WFR Downgraded to Hold from Buy; $10.00 (lowered from $20.00) o SunPower Corp. SPWRA Downgraded to Hold, from Buy; $13.00 (lowered from $26.00) See Some of the Top Moving Indexes Here.