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Solar Stocks Show Signs of Life

Lazard initiates JA Solar with buy, praises China solar firms
Marketwatch - March 28, 2008 10:57 AM ET


NEW YORK (MarketWatch) -- Lazard Capital Markets on Friday initiated coverage of JA Solar and issued positive comments on ReneSola and Solarfun after recent earnings and manufacturing updates from the trio of China-based solar energy producer

Taking aim at ReneSola Ltd. (SOL), Shrestha said he sees further upside for the solar cell manufacturer, as he lifted its profit margin view and upped his price target to $18 a share from $12 a share.

"We would not be surprised to see the multiple expand as the company continues to execute on its expansion plans and delivers solid financial performance," Shrestha said.

"SOL" has a great future and a $18 target, it is darn cheap and an excellent buying opportunity