Piper Jaffray Reiterates Overweight on GT Solar

Piper Jaffray is out with its report today on GT Solar (NASDAQ: SOLR), reiterating Overweight.

In a note to clients, Piper Jaffray writes, "Top pick GT Solar further distanced itself from its solar peers by becoming the first and only solar company to raise guidance for the current quarter. SOLR now expects revenue, margins, and EPS of ~$225m, 43-44% and ~$0.30 compared to $140m-$150m, 37% and 0.08-$0.11 previously."

At the time of posting, shares of SOLR were trading at $12.97, up 6.40% from Monday's close.