Canadian Solar Upgraded, Shares Jump 4 Pct

NEW YORK (AP) — Canadian Solar Inc.'s healthy balance sheet, product line strategy and underappreciated stock prompted an analyst to upgrade the solar energy product manufacturer, sending shares jumping.

Shares of Canadian Solar rose 38 cents, or 4.1 percent, to $9.70 in morning trading.

Oppenheimer analyst Sam Dubinsky expressed concern over the solar sector as a whole but spoke favorably about Canadian Solar's potential to rebound. As the industry struggles under the weight of excess capacity, dismal first-quarter results and continued pricing pressure, Dubinksy said Canadian Solar could emerge as one of the few rallying solar stocks. ...