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)