This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

10 Solar Stocks Analysts Favor

NEW YORK ( TheStreet) -- ReneSola (SOL - Get Report), Trina Solar (TSL - Get Report), JA Solar Holdings (JASO - Get Report), China Sunergy (CSUN), GT Solar International (SOLR), Yingli Green Energy Holding (YGE), LDK Solar (LDK), Jinko Solar (JKS - Get Report), Canadian Solar (CSIQ) and SunPower (SPWRA) are solar stocks with up to 77% upside, according to analysts' 12-month price targets.

Investors are fancying solar stocks as a less risky alternative in the aftermath of the earthquake and nuclear crisis in Japan and higher oil prices due to the turmoil in Libya and other Middle East countries. The solar stocks recommended here gained 9%, compared to the Nikkei's negative 8% and the Dow Jones Industrial Average 0.3% rise in the last two weeks.

Moreover, speculations that governments' subsides in Europe for the solar industry would halt have been allayed, providing solar manufacturers additional fillip. In fact, Italy has announced that its solar subsidies would be left unchanged for 2011. The German government is mulling plans to raise its renewable energy fund size from 300 million euros to 1 billion euros. Earlier, Germany had announced deep cuts in its green energy spending. Going ahead, solar manufacturing companies could expect demand spikes on increased government spending.

Notwithstanding the benign environment, analysts have cut estimates in the last one month. Stocks like Canadian Solar, Sun Power, Jinko Solar, and Rene Sola saw earnings estimates paring 19%, 2%, 5%, and 5%, respectively for 2011. In the last fortnight, the target price of Canadian Solar was downsized to 37% to $12.5 and buy ratings were downgraded to 31% from 38% for 2011. Similarly, China Sunergy, LDK Solar, Yingli Green Energy, JA Solar, Trina Solar, and Renesola have seen analysts' cutting their target price estimates and buy ratings.

Despite the earnings and price target downgrades, solar stocks still have significant upside potential and investors can benefit from these stocks. The following 10 solar stocks have buy ratings of 31%-80% and are expected to gain up to 77% over the next 12 months with a mean upside value of around 35%, according to analysts polled by Bloomberg.
1 of 11

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
LDK $0.00 0.00%
CSUN $0.23 -8.00%
JASO $8.33 -0.48%
JKS $20.50 -0.68%
SOL $1.23 -2.38%


Chart of I:DJI
DOW 17,660.71 +9.45 0.05%
S&P 500 2,050.63 -0.49 -0.02%
NASDAQ 4,717.0940 -8.5450 -0.18%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs