Solarfun Power (SOLF): Jeffries Lukewarm

Jeffries initiates on Solarfun Power (SOLF) at BUY but sees only 15% upside. The firm cites 3 reasons for the pseudo-bullishness:

  • the one-third stake purchased by Good Energies, a leading global investor in renewable energy, is a vote of confidence
  • new management hires will provide a spark to the company
  • declining silicon costs could help margins

Jeffries initiates Solarfun Power (SOLF) with BUY, target price $18.

See Also:
Solarfun Power (SOLF): Record Sales Contract “Incremental Positive”
(SOLF)
Solarfun Power (SOLF), Yingli Green Energy (YGE) and Others: 50%+ Exposure To Spain
(YGE, SPWR, STP, CSIQ, SOLF)
Spain Solar Subsidy Proposal Crushes Yingli Green Energy (YGE), Solarfun (SOLF), First Solar (FSLR), et al
(YGE, SOLF, STP, FSLR, SPWR, WFR)

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