From Tech Trader Daily:
There’s quite a rally going on in the solar stocks, as the Street engages in a spirited debate on the offsetting impact of rising demand and lower prices.
Solar stocks have roughly doubled off their March lows - and at least for now, the bulls on the sector continue to have the upper hand. In a research note this morning, Cowen analyst Robert Stone asserts that the recent run in the stocks has further to go. “Some observers may argue that it is time to take profits after the strong recent gains in many PV stocks,” he writes. “However, we believe there are additional triggers ahead, notable policy and project news in China and the U.S. While some may wish to trade around positions to take advantage of potential volatility in the broader market, we recommend investors stay exposed to the PV sector.” Among his picks: First Solar (FSLR), SunPower (SPWRA), Suntech (STP) and Trina (TSL)....MUCH MORE