Sector Snap: Solar energy products makers rise (ESLR; FSLR; JASO; LDK; SPWR; STP)

From the AP via Yahoo:

Solar energy products makers rise as analysts upgrade shares, praise sector's fundamentals

Shares of solar energy products makers rose Wednesday after an analyst upgraded shares of a solar wafer maker and another analyst praised the sector's strong fundamentals.

Jefferies & Co. analyst Paul Clegg raised Evergreen Solar Inc. to "Buy" from "Hold" in a note to investors, saying the stock's recent price decline makes it an attractive buy.

Evergreen shares rose 99 cents, or 11.9 percent, to $9.45. The stock ended Tuesday's trading down 55 percent from a 52-week high of $18.85 in December.

Meanwhile, Citigroup analyst Jim Liang told clients that "solar fundamentals are currently very strong, with the rising tide lifting all boats, driven by generous feed-in tariffs on the demand side and tight poly(silicon) on the supply side."

Polysilicon is a key ingredient in solar cells.

Liang singled out Suntech Power Holdings Co. Ltd. as a favorite because weakening prices in the second half of the year could shake out the industry and leave Suntech in a stronger relative position....MORE

One of Yahoo's handy little tables:

Related Quotes AKNS ESLR FSLR JASO LDK SPWR STP 5.87 9.70 315.50 25.60 38.25 96.26 48.93 +0.56 +1.26 +11.52 +1.90 +2.31 +7.26 +4.14 News News News News News News News View Detailed Quotes Delayed 20 mins Providers - Disclaimer