Tuesday, June 30, 2009

Trina Solar Upgraded to Overweight at Morgan Stanley (TSL; YGE)

Better late than never. The stock was recently trading at $25.42, up 6% on the day.
From China Analyst:

Morgan Stanley upgrades Trina Solar (NYSE:TSL) from Underwight to
Overweight this morning, and raises price target from $7.30 to $37.00.

Firm believes the whole solar industry is at an inflection point - the recovery of
the global economy will likely lead to improved policy enviroment.
Moreover, the solar industry is moving closer to grid parity.

The analysts expect Trina Solar to pick up market share from European
and U.S. competitors because of its focus on reducing costs. They
expect the company's market share to rise from 3.2% to 5.5%....

China Analyst also reports:

Yingli Green Energy (NYSE:YGE): Upgraded to Equal-Weight at Morgan Stanley