First Solar (FSLR +3.3%), SunPower (SPWR +3.4%), MEMC (WFR +2.7%), and Advanced Energy (AEIS...
First Solar (FSLR +3.3%), SunPower (SPWR +3.4%), MEMC (WFR +2.7%), and Advanced Energy (AEIS +4.2%) open higher after Citi's Shahriar Pourreza (taking over from Timothy Arcuri, who left for Cowen) launches coverage with Buy ratings. While believing the solar panel market is becoming commoditized, Pourreza argues buying opportunities exist in companies with strong exposure to construction activity and growth markets. Trina (TSL) and Yingli (YGE) have been started at Hold, and Suntech (STP) at Sell.
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