Auriga Maintains a 'Hold' Rating on Solarfun Power (SOLF); Whither the Bear Case?
More News related to Analyst Comments November 10, 2010 9:42 AM EST
Auriga maintains a 'Hold' rating on Solarfun Power (NASDAQ: SOLF), lowers PT from $13 to $11.50.
Auriga analyst says, "After Solarfun's strong 3Q results and big 2011 capacity guidance, we increase our 2011 EPS estimate to $1.75 from our previous $1.03. Our enthusiasm for SOLF's 50% capacity increase in 2011 is tempered by slowing cost reduction, an apparently weaker sales channel, and potential 25% dilution from yesterday morning's announced share offer."
For more ratings news on Solarfun Power click here and for the rating history of Solarfun Power click here.
Shares of Solarfun Power closed at $10.16 yesterday, with a 52 week range of $4.78-$13.48.
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