Solar Sell-Off 'Overdone', Says Deutsche Bank (TSL) (YGE)

October 28, 2013 2:50 PM EDT Send to a Friend
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Price: $9.95 -5.78%

Rating Summary:
    13 Buy, 15 Hold, 1 Sell

Rating Trend: Up Up

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    Up: 29 | Down: 28 | New: 24
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The sell-off in solar stocks is overdone, according Vishal Shah, an analyst at Deutsche Bank. In his view, investors should buy the dip, as Q3 earnings could provide a catalyst.

"We continue to expect current demand drivers to be not only diverse, but also sustainable. Considering the prospects of further improvement in pricing/margins and upward estimate revisions, we expect solar stocks to rally through the year-end," said Vishal Shah.

"Expectations have now been reset and most of these stocks are well below the 52 week highs. Against this backdrop, we expect positive demand outlook on China, Japan and other global markets along with improving pricing trends to act as a positive catalyst for shares," he added.

Deutsche Bank's Top Picks are Trina Solar (NYSE: TSL) and Yingli Green Energy (NYSE: YGE).

For an analyst ratings summary and ratings history on Trina Solar click here. For more ratings news on Trina Solar click here.

Shares of Trina Solar closed at $16.10 yesterday.


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