Piper Jaffray Starts ReneSola (SOL) at Buy
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Earlier, Piper Jaffray initiated coverage on ReneSola Ltd. (NYSE: SOL) with a Buy rating and $25 price target.
Analyst Jesse Pichel expects long-term margin expansion as the product mix shifts toward multi-crystalline wafers from mono and as tolling revenue grows. Pichel sees potential upside in the tolling biz due to the recent JASO supply contract with GCL.
Pichel also likes the current valuation of SOL, which is about $18 per share. [LJ]
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Pichel's is a doll
Piper Jaffray, the idiot is just trying to confuse the market. He must get alot money from Oil and Middle east oil country and try to kill the Solar tech. Simon
Pichel and the mighty Wall Street
Let me tell you something my friend. My son needs no logic when covering the PV industries for PJ. Especially when the companies involved are located in China. Wall Street, the hedge funds and the SEC are united together to show the world how powerful we are. Any companies are at the mercy of our calls. Not only we make the calls, we can print stock certificates as if we were the owners of the company. In fact, Jesse Jr. will issue another update on LDK shortly after the Q1 2008 earning release, and designate a new rating called "Super Sell", which is of course stronger than "Strong Sell." Furthermore, the new target price for LDK is -$10 per share in the next 6 months. Yes, negative $10. NYSE has contracted Computer Science Co. to modify the trading programs so that the floor will actually accept stock prices lower than 0. The rationale? Because I say so. We don't need no evidence or support for our rating. How dare you ask Jesse Jr. for explanations? Whoever does not accept this new rating is unpatriotic. We've got to destroy those China outfits before they overtake the world!
Where's the logic?
Cannot understand the logic of Pichel. He has a bearish call for LDK and bullish on SOL. LDK is like a big brother of SOL. Capacity, Sales, Profit margin and Growth wise, (IMHO) LDK is much better play than SOL. I really wonder where's the logical behind Pichel's valuation. Perhaps somebody can enlighten me... or Mr. Pichel himself can explain his logic behind this valuation.
Piper TOOL
Piper......unfair world where justice is never served and crooks and thieves are running loose....bullet for this as.s....happen to know Pichel personally....greeeeeeeed greeeeeeeeeeed
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Pichel knows nothing about solar.
Sofaking on May 14, 2008 06:34 PMFrom Google, Jesse Pichel left Revlon Consumer Products where he was the manager of finance and is now with the Lipton Division of Unilever, responsible for tea beverages (December 2000). Jesse Pichel is now an Equity Research Analyst covering Electronics Manufacturing for Needham & Company in New York City, a Technology Investment Bank. He was previously a Vice-President at C.E. Unterberg, Towbin (January 2003).