Gilford Securities Reiterates GT Solar International Buy

Gilford Securities reiterated its GT Solar International (NASDAQ: SOLR) Buy rating in a research report published today. GT Solar International has previously given GT Solar International an $18 price target.

In the report, Gilford Securities states, "While we continue to view the solar panel industry bullishly in the longer term driven by the need to generate cleaner energy, in the near term we might see cyclical downturn caused by excess supply."

Shares of GT Solar International were trading at $14.42 at the time of posting, down 0.21% from Monday's market close.