Seeking Alpha

Trina Solar, Yingli Green upgraded to Buy at Deutsche Bank

  • Trina Solar (TSL) +4.1% and Yingli Green Energy (YGE) +3.7% premarket after earnings upgrades to Buy from Hold with respective price targets of $18 and $8 at Deutsche Bank.
  • The firm cites growth rate acceleration in the Chinese solar market in H2 2013 for the upgrades, and raises 2014 EPS estimates on TSL to $1.10 and on YGE to $0.50.
Comments (4)
  • Roll of the dice. Axiom solar analyst says most of the chinese solar companies are worthless.
    27 Sep 2013, 09:04 AM Reply Like
  • Gordon Johnson? :) Is he still in business?
    I think in the long run those chinese solar companies are making history. We are witnessing a lot of things that many people have been waiting for the last 40 years to happen, that the price of PV drops enough in order to compete in the market place. Well, its happening, worthless would be a strange way to describe that.
    27 Sep 2013, 12:37 PM Reply Like
  • I can not understand why an analyst that does not recognize the true undercurrent which companies like Yingli, Trina, Jinko and Hanwha are surfing. The non-Chinese (well, Hanwha is Korean really) can not hold a candle to them.

     

    Solar power is the number one option to replace burning stuff as source of energy. It's sort of like climbing out of a cave to build a home. And especially YGE has the capacity to supply the goods. I own YGE for that reason, as well as HSOL, which owns the world's best producer (Q-cells of Germany) and are taking part in Crystal Solar, which is pioneering the next generation of production techniques (gas-to-wafer).
    28 Sep 2013, 02:35 AM Reply Like
  • TSL is gem of the lot. Economies to scale and state protection makes TSL china stand out now and in coming future! Good investment--
    29 Sep 2013, 12:08 PM Reply Like
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