Solar Stocks of the Day: SOL, TSL, SPWRA, STP, YGE, ENER (8/20/2009)
"Strong Buy" Rated U.S.-Listed Chinese Stocks (February 8, 2012)
By Henry Wang
Below are Thursday's notable solar stocks with significant news and price performance:
ReneSola Ltd. (NYSE:SOL) rose 15.89% to $5.69. The company announced it had been granted the exclusive right in a letter of intent with the Taiyangshan Development Zone in Wuzhong city, Ningxia Hui Autonomous Region, to develop a 150 megawatt ("MW") on-grid solar power project with a budgeted total investment of RMB 4.8 billion (about $706 million). Piper Jaffray reiterated Underweight rating on SOL, and maintained $4 price target.
Trina Solar Limited (NYSE:TSL) rose 1.52% to $26.09. Macquarie maintained Outperform rating and $33 price target on TSL.
SunPower Corporation (NASDAQ:SPWRA) rose 0.83% to $26.65. Cowen and Company reiterated Outperform rating on SPWRA.
Suntech Power Holdings Co., Ltd. (NYSE:STP) declined 3.72% to $15.79. The company reported Q2:2009 earnings Thursday before market open. Barclays Capital maintained Equal Weight rating on STP, and reduced price target from $15 to $14. Oppenheimer & Co. reiterated Underperform rating and $6 price target on STP.
Yingli Green Energy Hold. Co. Ltd. (NYSE:YGE) declinded 1.08% to $11.00. Barclays Capital maintained Overweight rating on YGE, and reduced price target from $16 to $15. HSBC upgraded YGE from Neutral to Overweight, and raised price target from $9.50 to $16.
Energy Conversion Devices, Inc. (NASDAQ:ENER) declined 0.55% to $12.71. Deutsche Bank maintained Hold rating on ENER, and reduced price target from $20 to $13.
Below is the daily performance ranking of 23 U.S.-listed solar stocks:
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