In Wednesday's morning summary Canaccord Genuity initiated coverage on a number of companies in the solar sector.
The team at Canaccord noted, "The solar industry is utilizing new vehicles designed to lower the cost of capital through diversification, securitization, de-levering, etc. We believe that these innovations are the next great advancement in the industry."
looking ahead, the team sees demand growing at a 10 percent CAGR in its bearish case and a 17 percent CAGR in its bullish case.
Buy
- SolarCity Corporation SCTY - $94 PT summary
- SunEdison, Inc. SUNE - $30 PT summary
- Canadian Solar Inc. CSIQ - $43 summary
- Real Goods Solar, Inc. RGSE - $4 PT summary
Hold
- SunPower Corporation SPWR - $41 PT Market News and Data brought to you by Benzinga APIs
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- SunPower Corporation SPWR - $41 PT Market News and Data brought to you by Benzinga APIs
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