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Some solar names are rallying after Citi's Timothy Arcuri provides another bullish note. Arcuri,...

Some solar names are rallying after Citi's Timothy Arcuri provides another bullish note. Arcuri, who in early May suggested Euro solar demand was improving (a delayed plant closing from First Solar seems to back this up) writes today that renewable energy demand may be bottoming, even as oversupply remains a problem. U.S. demand and Japanese subsidies are seen as positive catalysts. SPWR +6.3%. GTAT +6.1%. CSIQ +6.2%. STP +3.1%. (First Solar)
Comments (2)
  • Interesting that Cowen rained on Acuri's parade citing high potential volatility as his only reason why long term investors should steer clear of solar. Will Cowen raise his view to a "strong buy" when his clients have filled their boots at the current depressed prices and the price is twice or three times current levels? Need more convincing of where prices are going, look at CSUN performance in the last month - up 120%!
    22 Jun 2012, 02:43 PM Reply Like
  • Pump them shares. Solar is dead. Yet, a few investment management companies will still make millions in commissions. Go sheep.
    22 Jun 2012, 03:22 PM Reply Like
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