Trina Solar: "Deutsche Bullish on Chinese Solar Sector: Upgrades TSL, YGE, SOL, STP"

From StreetInsider:

Analysts at Deutsche Bank said they are "positive on the China solar energy sector and expect Chinese solar PV module manufacturers to be the major beneficiaries of the global demand growth in 2010E." The firm calls the risk/reward profile among this group attractive given "low-cost structure and increasing brand recognition" which will allow "Chinese manufacturers to weather a likely ASP decline and capture more market share." Deutsche names its top picks Trina Solar and Yingli.

Deutsche Bank upgraded the following Chinese solar manufacturers this morning:

Trina Solar (NYSE: TSL) from Hold to Buy, price target raised from $20.35 to $29.80. Deutsche notes that Trina has been a "significant outperformer" but also admits that valuation remains attractive. The firm said it believes "Trina's robust cost structure could allow it to weather a likely ASP decline and capture more market share from higher-cost western manufacturers." Deutsche sees Trina's module shipments remaining strong during the first half of this year, citing "rush orders from Germany ahead of an anticipated feed-in-tariff cut before June 2010.">>>MORE