There have been a few analyst calls in the past couple days I want to review here, mostly in the solar space.
Upgrades/Bullish
Yesterday, Trina Solar (TSL) was added to Morgan Stanley’s Long Research Tactical Idea list and initiated with a Buy over at Soleil, saying the firm has one of the strongest balance sheets in the industry. The stock moved a bit yesterday on the bullish calls, but really took off today, up another 7% and approaching its 52 week high set in January.
==> Click Here For Your FREE Daily Trina Solar Technical Analysis
Shares of Duoyuan Global Water (DGW) got a boost yesterday as Rodman & Renshaw maintained its Outperform rating despite accounting uncertainties.
==> Click Here For Your FREE Daily DGW Technical Analysis
Downgrades/Bearish
HSBC downgraded a few solar names Monday morning.
* Suntech Power (STP) from Overweight to Neutral and PT lowered from $13 to $9.60
* LDK Solar (LDK) from Neutral to Underweight and PT lowered from $8 to $6.20
* Trina Solar (TSL) from Neutral to Underweight and PT lowered from $27 to $25
* Yingli Green Energy (YGE) from Neutral to Underweight and PT lowered from $10.50 to $9.70.
Credit Suisse downgraded shares of lithium miner Sociedad Quimica this morning from Neutral to Underperform, but raised the price target from $36 to $41. The downgrade is likely a valuation call considering the stock has skyrocketed in recent weeks.