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Analyst Rating Changes: STP, JASO Upgraded Again; BofA Starts ITRI At Buy
The upgrades keep coming in for Suntech Power (STP) and JA Solar (JASO). Yesterday they were upgraded by Barclays and this morning Thomas Weisel is doing the same, upgrading both from Underweight to Market Weight. Both stocks are holding yesterday’s breakout moves well despite heavy selling in the overall market today. While it could be a rocky ride, solar stocks are increasingly showing signs that the bottom is in.
Itron (ITRI), the smart grid behemoth also gets a positive rating this morning. Bank of America has initiated coverage with a Buy rating. The stock is up just a bit this morning.
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