Thursday, September 30, 2010

Jeffries Adjusts Targets on First Solar, SunPower Corporation, and Trina Solar Limited (FSLR; SPWRA; TSL)

The stocks are down a bit, up a bit and up 4%.
From Schaeffer's Research:

Analysts at Jefferies made their way through the solar sector today, adjusting their price targets and ratings on a slew of stocks. Canadian Solar (CSIQ) was singled out for an upgrade, while sector peers First Solar, Inc. (FSLR), SunPower Corporation (SPWRA), and Trina Solar Limited (TSL) all scored price-target increases. Here's a quick rundown of today's analyst actions:
  • Jefferies hiked its price target on FSLR to $160 from $142, but simultaneously backed its lukewarm "hold"rating on the security. The stock is fractionally lower at last check, with FSLR hovering near $148.72 this afternoon -- but following a recent rally, the shares are probably due for some consolidation. The stock's Relative Strength Index (RSI) is docked at 73, pointing to a short-term overbought situation....MORE