Piper Jaffray Reiterates SOLR Overweight Rating

Piper Jaffray has issued a report maintaining an Overweight Rating on GT Solar International

. According to the report, “We estimate LDK's $40m investment for its sapphire business implies $20m in orders for equipment. We believe it is highly likely, given SOLR's imcumbent status as the equipment supplier for LDK's polysilicon and wafer facilities, that SOLR will receive this order.” SOLR has a $16 Price Target and closed at $10.24 yesterday.