Canaccord Initiates Coverage on Solar Sector

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.