Jeffries thinks Evergreen Solar (ESLR) is going to $16 and Piper Jaffray agrees.
After ESLR’s analyst day (and $600 million in new contracts), Piper saw two principal reasons to get more buliish:
- Piper believes the company’s cost advantage is sustainable through 2010.
- The firm anticipates production upside with another capacity expansion announcement.
Piper reiterates BUY on Evergreen Solar (ESLR), target price to $16.