Solar Stocks of the Week: RSOL, SPWRA, JASO, LDK, DSTI (8/10-8/14)
"Strong Buy" Rated U.S.-Listed Chinese Stocks (February 8, 2012)
By Michael Liu
Below are last week's notable solar stocks that had BOTH significant price changes and news events:
Real Goods Solar, Inc. (NASDAQ:RSOL) rose 11.01% to $2.96 in the week of 8/10-8/14. On Tuesday, Cantor Fitzgerald initiated coverage on RSOL with a Buy rating and $5 price target.
SunPower Corporation (NASDAQ:SPWRA) declined 9.91% to $27.65. Tuesday after market close, Bank of America downgraded SPWRA from Neutral to Underperform, and reduced price target from $33 to $26. On Friday, Needham & Company initiated coverage on SPWRA with a Buy rating and $36 price target.
JA Solar Holdings Co., Ltd. (NASDAQ:JASO) declined 19.81% to $4.17. The company reported Q2:2009 earnings Wednesday before market open. On Thursday, Barclays Capital downgraded JASO from Overweight to Equal Weight, and reduced price target from $5 to $4. Credit Suisse maintained Neutral rating on JASO, but raised price target from $3 to $4.
LDK Solar Co., Ltd. (NYSE:LDK) declined 20.79% to $9.22. The company reported earnings for Q2:2009 Wednesday after market close. On Thursday, Barclays Capital maintained Equal Weight rating and $7.50 price target on LDK. On Friday, UBS maintainted Neutral rating on LDK, and redcued price target from $14 to $10.
DayStar Technologies Inc. (NASDAQ:DSTI) declined 22.31% to $0.61. The company announced second quarter 2009 earnings Monday after market close. On Tuesday, Cantor Fitzgerald maintained Buy rating and $5 price target on DSTI.
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