ReneSola Ltd (SOL)

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Roth Capital Analyst Reaction
Roth Capital analyst Philip Shen sees the ITC extension as likely to have a positive impact quite possibly on "nearly all solar stocks." According to Roth Capital's latest equity research notes on solar released Wednesday, ReneSola Ltd. (ADR) (NYSE: SOL), Enphase Energy Inc (NASDAQ: ENPH) and JA Solar Holdings Co., Ltd. (ADR) (NASDAQ: JASO) were among some of the solar companies given Buy ratings by the research firm.
'Quite Bullish' On Solar If Deal Is Passed
JA Solar Holdings received a price target of $9.18 from the firm. Roth Capital noted that the extension could lead to higher volumes in the United States, as the company works to expand its presence in the U.S. market (JA Solar recently hired Robert Petrina, the former managing director of Yingli Green Energy Americas).

ReneSola has a target price of $1.70 from the firm. Roth Capital also believes an extension could lead to higher U.S. volumes and opportunities to expand its project business for the company.

Roth Capital has set a target price of $2.41 on Enphase, seeing the company as highly exposed to the U.S. residential solar market.