Hapoalim Remains Cautiously Bullish On China Solars (TSL, YGE)

Hapoalim Securities is raising its 2010 and 2011 estimates on Trina Solar (TSL) and is raising the price target from $21 – $27 driven by firm pricing, a rebounding Euro and lower input costs.  Shares of TSL were hit hard on Friday with heavy volume, but held support at the 200 day moving average and our recovering a bit today. 

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Hapoalim is also raising estimates for this year and next for Yingli Green Energy (YGE), but has some concerns about margin pressure next year and the capital investment strategy.  YGE has also struggled in recent weeks, but is recovering a bit today.

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