Solar Shares Shine Again
Investors warmed to shares of solar energy products makers again as a Jefferies & Co. analyst upgraded shares of a solar wafer maker and another praised the sector’s strong fundamentals.
Analyst Paul Clegg raised Evergreen Solar Inc. to “Buy” from “Hold” in a note to investors, saying the stock’s recent price decline makes it an attractive buy.
Evergreen shares rose $1.16, or 13.7 percent, to $9.60 in afternoon trading.
Citi Investment Research analyst Jim Liang told clients “solar fundamentals are currently very strong, with the rising tide lifting all boats, driven by generous feed-in tariffs on the demand side and tight poly(silicon) on the supply side.”
