Solar: Street Feeling Upbeat After Intersolar Conference
It’s a nice day for the solar sector, which is getting a boost from a flurry of analyst comments following the recently completed Intersolar trade show in Munich.
“By the end of Intersolar, we sensed growing, albeit cautious optimism,” Cowen’s Robert Stone writes in a research note this morning. “ASPs are still uncertain, but volumes should definitely be up in Q2/Q3, and deals were starting to close.” He says that despite a strong rebound in the stocks since early March, the group “remains mostly undervalued.”
Likewise, Thomas Weisel Partners analyst Jeff Osborne writes that “it appears demand trends in Europe are accelerating with many companies indicating a 40-100 percent increase in units in Q2 sequentially, led mainly by Germany with some credit easing in Mediterranean countries as well.”
