Barclays on Clean Technology: SPI Preview - Case for Multiple Expansion; TSL & SOL Top Picks
1:39 pm ET 09/24/2010 - StreetInsider
Barclays on Clean Technology: SPI Preview - Case for Multiple Expansion
Barclays analyst says, "Solar companies will be hosting investor meetings at the Solar Power International conference in LA next month (Oct 12-14). We maintain positive bias on stocks heading into the conference. Although stocks have bounced off the May lows, several stocks are still down year to date and are trading at single digit multiples on conservative street estimates. Solar sector performance has historically been strong during the seasonally stronger period for industry fundamentals. We expect this trend to continue in 2010. We see an increasingly stronger case for multiple expansion as the upcycle extends into 2011 and street estimates edge higher. Trina Solar (NYSE: TSL), RenaSola (NYSE: SOL) remain our top picks."
Barclays analyst says, "Solar companies will be hosting investor meetings at the Solar Power International conference in LA next month (Oct 12-14). We maintain positive bias on stocks heading into the conference. Although stocks have bounced off the May lows, several stocks are still down year to date and are trading at single digit multiples on conservative street estimates. Solar sector performance has historically been strong during the seasonally stronger period for industry fundamentals. We expect this trend to continue in 2010. We see an increasingly stronger case for multiple expansion as the upcycle extends into 2011 and street estimates edge higher. Trina Solar (NYSE: TSL), RenaSola (NYSE: SOL) remain our top picks."
