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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)
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