From Tech Trader Daily:
Barclays Capital analyst Vishal Shah this morning raised his 2010 demand forecast for the solar sector, increasing his rating on Suntech (STP), SunPower (SPWRA) and JA Solar (JASO), all to Overweight from Equal Weight.
Shah writes that he expects strong demand to continue into the first half of 2010, and expects companies to report improving trends in the near-term. “Although concerns about German subsidy cuts could remain a potential overhand on the sector … performance of solar stocks has recently lagged the broader market rally and as such expect continued positive sector momentum in the near-term,” he writes.
The Barclays analyst says demand in German, Italy, the U.S., China and Canada will drive positive fundamentals; he lifted his 2010 price forecast to $1.60/watt versus $1.50/watt previously. He upped his demand forecast for 2010 to 9.3 GW from 7.3 GW....MORE