Monday, October 11, 2010

Yingli (NYSE:YGE), Jinko (NYSE:JKS), Trina (NYSE:TSL) Reflect Mixed Solar

The solar industry continues to perform all over the map, at least as far as analyst coverage goes, and the latest news has Jinko Solar (NYSE:JKS) and Jinko Solar (NYSE:JKS) downgraded, while Yingli and Trina Solar (NYSE:TSL) has coverage initiated on them by RBS (NYSE:RBS).

As far as the downgrades of Yingli (NYSE:YGE) and Jinko Solar (NYSE:JKS), that came from Oppenheimer, who cut them both from "Outperform" to "Perform."

Jinko Solar closed the week at $26.76, losing $1.81 on Friday, or 6.34 percent. Oppenheimer has a price target of $31 on them increasing it from their prior price target of $25.

For Yingli, they closed Friday at $12.77, falling $0.45, or 3.40 percent. They have a price target of $14 on them from Oppenheimer.

For RBS, they initiated coverage on Trina and Yingli, starting them both off at "Outperform." They have a price target on Yingli of $38, and a price target of $17 on Trina.

Trina closed Friday at $28.53, losing $0.46, or 1.59 percent.

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