Solar shares this morning are getting a lift this morning from Jefferies analyst Paul Clegg, who upgrades a number of stocks in the group following the recent sell-off in the sector triggered by reductions in German subsidies for the industry.
“A recent valuation pull-back and the market having digested potential disruptions around the German FIT leave us incrementally more constructive on some names, although risks remain,” he writes. Clegg notes that the firm downgraded the solar sector last August over concerns about aggressive pricing and possible subsidy cuts....MORE
Tuesday, January 26, 2010
Solar: Jefferies Upgrades Some Stocks After Sell Off On German Subsidy Cut (SPWRA; STP)
From Tech Trader Daily:
