Solarfun Power Holdings Co. Ltd. (SOLF)

[up-down]

Solarfun: Collins Stewart Upgrades

Solarfun Power Holdings Co Ltd (SOLF) - Daniel Ries at Collins Stewart

By Eric Savitz Solarfun (SOLF) shares are trading higher after Collins Stewart analyst Daniel Ries upped his rating on the stock to Buy from Hold, setting a price target of $10. Ries today adjusted his EPS estimate for the company to reflect a 15% FIT reduction in Geramny, a move which he thinks will cause a sharp reduction in module prices in Q2, and more modest reductions in Q3 and subsequent quarters But he adds that other factors , including expanded capacity , should offset the FIT issue: he lifted his 2010 EPS forecast to 73 cents, from 70 cents

http://pulse.alacra.com/analyst-comments/Ries_Daniel-A9886