Citigroup ( C) also products raised its price target on Trina Solar's ADRs by 20% to $36 per share, and reiterated its buy rating on the Chinese solar company's stock. Citi tapped Trina Solar as its "favorite" pick in the solar sector. Research firm Ardour Capital hiked its price target on Trina Solar by 23.1% to $32 per share, from $26, and reiterated its buy rating.

All were not bullish, however.

HSBC ( HBC) issued a downgrade on Trina's stock to neutral from overweight.

--Written by Miriam Marcus Reimer in New York.

>To contact the writer of this article, click here: Miriam Reimer.

>To follow the writer on Twitter, go to http://twitter.com/miriamsmarket.

>To submit a news tip, send an email to: tips@thestreet.com.

RELATED STORIES:




>>See our new stock quote page.

Get more stock ideas and investing advice on our sister site, Stockpickr.com.
Disclosure: TheStreet's editorial policy prohibits staff editors and reporters from holding positions in any individual stocks.

If you liked this article you might like

Renewable Energy Is on the Salesman's Side

8 Bold Questions for Solar Stocks in 2012

Don't Be Fooled: Warren Buffett Doesn't Like Solar Stocks

Buffett's Second First Solar Christmas

Buffett's Second First Solar Christmas

First Solar Glad Not to Be Chinese Solar Company...We'll See