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In addition to upgrading Canadian Solar, Lazard is downgrading rival Trina Solar (TSL -2.5%) ,...

In addition to upgrading Canadian Solar, Lazard is downgrading rival Trina Solar (TSL -2.5%) , citing a lack of near-term earnings catalysts. Trina missed Q2 estimates yesterday and lowered its full-year guidance, though shares rallied in response. Shares of solar names continue to swing wildly as bulls and bears place wagers on how long the current environment of industry oversupply, poor European demand, crumbling prices, and weak margins will last.
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