Piper Jaffray Responds To Barrons (FSLR, TSL, YGE, CSIQ, JASO, SOL)
According to Street Insider, Piper Jaffray has responded to a negative Barron’s article over the weekend saying that the article is another sign that the negative sentiment on solar stocks has been priced in already and that the sector is poised to rebound with better visibility in the second half of the year. They went on to say that the German feed-in tariff cuts should stimulate growth and reiterated their Overweight ratings on Yingli (YGE), Trina Solar (TSL), Canadian Solar (CSIQ), JA Solar (JASO), ReneSola (SOL) and First Solar (FSLR). They do agree with Barron’s in that the industry is in need of consolidation with the biggest and most efficient manufacturers increasingly benefiting.
Solar stocks didn’t recover much today on the analyst note and remain down across the board for the most part (STP and CSUN are a bit green)
Tags: canadian solar, csiq, first solar, fslr, ja solar, jaso, piper jaffray, renesola, sol, trina solar, tsl, yge, yingli green energy
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