Merrill Lynch Starts ReneSola Ltd. (SOL) at Buy
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Merrill Lynch initiates coverage on ReneSola Ltd. (AMEX: SOL) with a Buy rating and $30 price target.
Shares of ReneSola closed at $17.49 yesterday.
ReneSola, Ltd., along with its subsidiaries, engages in the development, manufacture, and sale of solar wafers and related products in the People's Republic of China.
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Comments
solar
Go look at the entire solar sector for earnings. SOL up, TSL up, YGE up, CSIQ up, STP up, and LDK up. SOLF announces 8/27. It really shows that solar is for real -- even in this relatively poor world economy. The efficiencies from volume production should continually improve their profit margins. Contracts are covering 2008 and many have a majority of 2009 in place already. No other sector really can compare with this. Incidently, WIND stocks are also doing well. Alternative energy has a bright future in efforts to help reduce pollution of our earth and to reduce oil use.
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sfgp98@aol.com
Sol Shines on Aug 20, 2008 11:09 PMSol is in the right place. Sol is in business at the right time. Sol is 'energy without limit.' And -- we can't pollute sun light energy -- because we can't reach the sun.