Soleil Securities has initiated coverage on both Suntech Power (STP) and LDK Solar (LDK) with Buy ratings on both.  According to StreetInsider.com, Soleil had this to say on Suntech: 

“The prospect of strong earnings growth through ’09 is offset by our expectation of a sharp decline in photovoltaic industry pricing in 2011 which will lead to an equally sharp decline in earnings in 2012.”  Their price target is 41.

On LDK Solar:

“While we think the company’s strategy of backward integration into polysilicon production will be successful and it will be generating substantial earnings growth over the next 2-3 years, we believe investors need to recognize that short-term delays in ramping the polysilicon plants will not impact the company’s long-term earnings capability (2010 and beyond).”  They have a price target of 42.