Solar Shares Slip Despite Some Analyst Love (FSLR, SPWRA, LDK, ENSL, ASTI, SOL, JASO, JKS, RSOL, DSTI)

Tickerspy’s Solar Index

SOLAR INVESTING IDEAS

• Popular long ideas: FSLR, STP, LDK
• Popular short ideas: FSLR, JASO, STP
• Top dividend plays: None
• Pro favorites: WFR, EMKR, FSLR

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SOLAR COVERAGE

Companies focused on Solar energy generation and technology

• Small Solar Companies May Experience Hard Landing (SOLR, AMAT, FSLR, SPWRA, JKS, YGE)
• Goldman: First Solar A Better Bet Than SunPower (FSLR, SPWRA, JKS, SOL, YGE, TSL)
• Plenty Of Analyst Chatter On Solar Stocks, Most Of It Negative (TSL, LDK, HSOL, CSIQ, JASO, WFR)

SOLAR CHART

SOLAR METRICS

Avg. Market Cap:	$586.1M
Avg. P/E Ratio:	11.7
Avg. Div Yield:	0.0%

ThinkEquity offered some bullish ratings in the solar energy space on Monday, but the stocks were still painted in red amid a broad market sell-off. Analyst Colin Rusch upgraded First Solar (FSLR), SunPower (SPWRA), and LDK Solar Company (LDK) to Buy from Hold, and hiked their respective price targets to $148, $20, and $15. The price targets all represent more than 17% premiums to the stocks’ closing values on Friday, and the analyst sees SunPower surging by more than 67%. Among them, SunPower is the only winner in today’s session.

As a whole, the Solar Stocks Index is down by -3% today with micro-caps Entech Solar (ENSL) and Ascent Solar Technologies (ASTI), and Chinese players ReneSola (SOL), JA Solar Holdings (JASO), and JinkoSolar Holding (JKS) leading the decline.

In Europe, Germany’s Phoenix Solar spiked after UBS initiated coverage on the stok with a Buy rating, according to Bloomberg. On domestic exchanges, micro-caps Real Goods Solar (RSOL) and DayStar Technologies (DSTI) are rare winners for the session on sparse news.

Given the pockets of bullish sentiment in the solar space and the typically high volatility among individual equities, it will be interesting to see where the sector goes from here. Investors can track the Solar Stocks Index for performance trends and a suite of other metrics at tickerspy.com.

Tags: ASTI, DSTI, ENSL, FSLR, JASO, JKS, LDK, RSOL, SOL, SPWRA