JMS Starts First Solar (FSLR), SunPower (SPWRA) at Buy, Suntech (STP), Yingli (YGE) at Neutral

In today's after-hours session, a Janney Montgomery Scott analyst initiated coverage on several stocks in the solar sector. Below is a summary (click each link to see full color on the new coverage):

• First Solar (Nasdaq: FSLR) - Buy rated with a $185 price target. Sees First Solar's cost leadership and experience keeping it at the forefront of the PV industry.
  
• SunPower (Nasdaq: SPWRA) - Buy rated with a $45 price target. Believes SunPower has "the strongest brand in the solar industry."
  
• Suntech (NYSE: STP) - Neutral rated with a $15 price target. Given its size and cost advantages, JMS believes Suntech will be able to "weather the current oversupply environment."
  
• Yingli Green Energy (NYSE: YGE) - Neutral rated with a $13.50 price target. Calls Yingli the "most vertically integrated" company in its coverage universe and believes it will make it through the current oversupplied environment.

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