Power-One (NASDAQ: PWER) was upgraded by analysts at Raymond James from an “outperform” rating to a “strong-buy” rating in a research report issued to clients and investors on Tuesday. The firm currently has a $6.00 price target on the stock.
From seeking alpha - I was thinking the same exact thing myself and wondering why PWER was not rallying when so many others in the sector were. Am long, FSLR, SPWR and PWER:
Upgrade" to Strong Buy from Outperform from Raymond James' Pavel Molchanov, who notes shares have barely moved amidst a major rally among solar peers. The solar inverter/power supply maker is "arguably the highest-quality public company in the space," Molchanov argues, and PWER's balance sheet, "bankability," and product line leave it well-positioned to weather near-term issues. 11.9% of the float was shorted as of Jan. 31