All three stocks are down fractionally.
The trio got a mention from us in last week's "China’s Yingli Solar Gears Up for $5 Billion Expansion (YGE".
From Tech Trader Daily:
Citigroup analyst Timothy Arcuri this morning launched coverage on a trio of solar stocks, picking up Trina Solar (TSL) with a Buy rating, Suntech (STP) with a Sell rating and Yingli Green Enegery (YGE) with a Hold.
In general, Arcuri contends that the solar group, which has been trading almost in lock step with each other, will show more divergent performance in 2011. “As the Euro stabilizes and ‘11 demand is up albeit only slightly, macro fears should give way to fundamentals in 2011 as pricing converges and cost leaders continue to gain share,” he writes.
Here’s his basic thesis on the three stocks he focused on this morning:
- Trina: “We see solid execution, no need for capital, conservative estimates, and sustained cell/module cost advantages all at a discounted valuation,” he writes. Price target: $30....MORE