Solar selloff overdone, Deutsche Bank says

|By:, SA News Editor

Today's solar selloff is overdone, and investors should buy the dip, Deutsche Bank's Vishal Shah says, as Q3 earnings could provide a catalyst.

Expectations have been reset, and most solar stocks are well below their 52-week highs, the analyst says, expecting a rally through year-end based on prospects of further improvement in pricing/margins and upward estimate revisions.

The firm's top picks in the sector are Trina Solar (TSL) and Yingli Green Energy (YGE).

ETFs: KWT, TAN.