Auriga is out this morning with some notes on the solar industry after attending Intersolar in Munich, Germany. The firm believes industry fundamentals remain strong with robust European demand being driven by attractive rates of return on solar projects. They believe that as long as project returns are attractive, and both debt and equity financing remains available, demand for PV projects will continue to surprise versus the bearish outlook.
Here are more notes from the … Read the rest
Notable Calls is out with a post this morning saying that Oppenheimer is raising their price target on Canadian Solar (CSIQ) following the Intersolar trade show. While cautious on solar overall, they believe CSIQ is positioned well with a low cost structure, allowing the company to price aggressively and take market share. The firm is raising the price target from $14 to $19. They’re also increasing 2009/2010 revenue and EPS estimates to $476/.28 and $655/1.05 … Read the rest
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