Solar Stocks of the Week: ASTI, ESLR, ENER, LDK, SOLF (8/31-9/4)
"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:
Ascent Solar Technologies, Inc. (NASDAQ:ASTI) rose 3.27% to $5.69. On Thursday, Janco Partners upgraded ASTI from Market Perform to Accumulate, and raised price target from $4 to $6.
Evergreen Solar, Inc. (NASDAQ:ESLR) rose 1.82% to $1.68. Monday before market open, the company announced it and its contract manufacturing partner, Jiawei Solarchina Co., had celebrated the groundbreaking for their new 100 megawatt manufacturing plants today. Monday afternoon, the company announced its investor conference schedule for September 2009. Thursday afternoon, the company announced that its solar panels have been used in a solar power system that has been installed on the grounds of the TPC Boston in Norton for the 2009 Deutsche Bank Championship, a PGA TOUR Playoff event.
Energy Conversion Devices, Inc. (NASDAQ:ENER) declined 12.67% to $10.41. On Monday, Jefferies & Company maintained Underperform rating and $8 price target on ENER.
LDK Solar Co., Ltd. (NYSE:LDK) declined 3.25% to $8.94. The company announced Monday before market open that it had partnered with the city of Suqian in China on PV projects.
Solarfun Power Holdings Co., Ltd. (NASDAQ:SOLF) declined 2.64% to $5.16. The company announced Thursday before market open that it had secured about $60 million credit facility with Bank of Shanghai.
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