Tuesday, February 10, 2009

China Solar Stks: Barclays Says Buy Yingli, Sell Solarfun (CSUN; LDK; SOL; SOLF; TSL; YGE)

From Tech Trader Daily:

Barclays Capital analyst Vishal Shah this morning picked up coverage of a half-dozen China-based solar stocks. His general view is that the stocks will be hampered in the near-term by falling Street estimates and excess channel inventory, but that some stocks could outperform as polysilicon supply improves. Here’s a rundown on his new coverage:

  • Yingli Green Energy (YGE): Overweight rating, $12 target. “Yingli has [the] industry leading non-silicon cost structure and among the highest exposure to declining spot silicon prices.”>>>MORE