Wednesday, January 11, 2012

Solar Stocks Flare Up — Wednesday’s IP Market Recap

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tdp2664 InvestorPlace Winter, schminter. The sun ignored the calendar and came out full force Wednesday, with a number of solar stocks booming to double-digit gains amid newfound optimism for the sector. Deutsche Bank released a report saying that while it expected losses from solar companies in their Q4 earnings reports, demand could increase in the next month. Combined with already-low estimations, that could "likely drive upside sentiment surprise," DB's Vishal Shah wrote in the report. Axiom Capital's Gordon Johnson removed sell ratings on five solar stocks, as reported by The Street , citing the possibility of short-term benefits from a boom in German demand. While Johnson also reiterated his long-term negativity for the sector, much-battered solar stocks still had all the nearby positivity they needed. Down the line, large-scale gains were made by JinkoSolar Holding (NYSE: JKS , +32%), ReneSola (NYSE: SOL , +30.8%), Trina Solar (NYSE: TSL , +29.2%), Suntech Power (NYSE: STP , +27.3%),



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