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.
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)
Business Insider Emails & Alerts
Site highlights each day to your inbox.