First Solar is the Roller of solar, period.
Don't get me started on SunEdison.
From Investors Business Daily:
First Solar, SunPower Gleam On Barclays Report
SolarCity (NASDAQ:SCTY) and Sunrun (NASDAQ:RUN) are prepped for a bare-knuckle slugfest over 2016 installations, but the skies are clear for First Solar (NASDAQ:FSLR) and SunPower (NASDAQ:SPWR), a Barclays analyst said Friday.
First Solar topped Barclays analyst Jon Windham's solar update, and shares soared 5.5% midday. SunPower stock, too, flew up 9% in early trading on the stock market today and settled back to about a 6.5% rise by early afternoon.
Windham raised his price target on First Solar stock to 90 from 81 and reiterated an overweight rating. He also upgraded SunPower stock to overweight and boosted his price target to 32 from 26.
He also initiated coverage of SolarCity and Sunrun with positive overweight ratings. SolarCity stock jumped 1.5% as shares of Sunrun fell about 3%.
TerraForm Global (NASDAQ:GLBL) and 8point3 Energy Partners (NASDAQ:CAFD) fell fractionally early, but TerraForm Global then surged more than 3.5% midday. Windham downgraded the two to equity weight and underweight, respectively. TerraForm Global and TerraForm Power (NASDAQ:TERP), up nearly 5.5% in midday trading, are SunEdison 's (NYSE:SUNE) yield companies. First Solar and SunPower teamed up to create 8point3....MORE
