Sell-side continues to gush over solar; shares rally again


A day after JPMorgan provided a big lift to Chinese solar stocks, Deutsche is giving a boost to both Chinese and U.S. names.

Analyst Vishal Shah predicts U.S. solar installation growth will total 6GW-8GW in the 2013-2014 timeframe, and that the market could see "an inflection point" in 2015 ahead of a 2016 tax credit expiration.

He expects the adoption of new incorporation and leasing structures - a SolarCity (SCTY +4.4%) specialty - to boost growth by lowering financing costs, and views the potential arrival of residential leasing options as another major growth catalyst. In spite of ITC anti-dumping tariffs, Chinese firms are expected to gain share.

In addition to SolarCity, winners include First Solar (FSLR +4.9%), Canadian Solar (CSIQ +5.1%), Daqo (DQ +11.9%), Suntech (STP +14%), Trina (TSL +4%), Yingli (YGE +5.6%), SunEdison (SUNE +2.4%), and ReneSola (SOL +2.5%). ETFs are also up: TAN +3%. KWT +2.6%.

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Comments (2)
  • DeepValueLover
    , contributor
    Comments (11171) | Send Message
     
    Great candidates for covered calls...
    5 Sep 2013, 03:52 PM Reply Like
  • anggicvg
    , contributor
    Comments (4) | Send Message
     
    What about the $155b, 84GW GCC Solar projects, to be complete in 2017, reported in Arab News on 3 Sep 2013?
    6 Sep 2013, 05:27 AM Reply Like
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