Auriga issued reports on both Solarfun (SOLF) and Yingli Green Energy (YGE) and remain bullish on both.

They are maintaining the Buy rating on Yingli Green Energy (YGE) but reducing the price target a bit from $15 to $13 because the firm believes margins may be peaking.  However they believe the Fine Silicon depreciation and Panda expansion costs are overblown and believe the company will continue to gain market share.  Shares of YGE traded down nearly 5% today and remain technically damaged, submerged below both the 50 and 200 day moving averages.

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Solarfun (SOLF) gets an upgrade to Buy and an increase in the price target from $11.50 to $14.00.  The firm believes the stock offers more long term upside than downside potential for more adventurous investors willing to scale in at these levels. Expect volatility. They don’t see the company losing money in any quarter during 2011 and expect the company to retain strength in the European market at the expense of Western manufacturers.  SOLF traded up 4% today and trying to stabilize after plunging over the past couple weeks.

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