Soleil Securities Starts LDK Solar (LDK) at Buy
More News related to LDK
- LDK Solar to Present at Upcoming Investor Conferences
- Beacon Equity Issues Technical Trade Alerts on Solar Stocks: JASO, FSLR, STP, SOLR, TSL, LDK
- Solars Rocketing Higher as Crude Gains (FSLR, SPWRA, LDK, more..)
- SectorWatch.biz Issues MarketStats for Companies AMNE, DOW, STP, LDK, OC, LP
- Solars Rise as Merrill Downgrades First Solar (FSLR), SunPower (SPWRA)
More News related to New Coverage
- Friedman Billings Starts Aircastle (AYR) at Underperform
- Friedman Billings Starts Netflix (NFLX) at Market Perform
- Credit Suisse Starts 3PAR (PAR) at Neutral
- Credit Suisse Starts Netezza (NZ) at Neutral
- FBR Starts Amazon.com (AMZN) at Market Perform
Soleil Securities initiates coverage on LDK Solar (NYSE: LDK) with a Buy rating and $42 price target.
The firm said, "While we think the company''s strategy of backward integration into polysilicon production will be successful and it will be generating substantial earnings growth over the next 2-3 years, we believe investors need to recognize that short-term delays in ramping the polysilicon plants will not impact the company's long-term earnings capability (2010 and beyond)."
The firm said at the current price they believe both the delays in the polysilicon plant ramps and the decline in module pricing are adequately reflected in the valuation.
Related Categories
New CoverageStocks Mentioned
-2.27Related Entities
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
