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SMF Blogs > Fundamental Analysis > August 2008 > SOLF Solarfun Power: Improving margins and future long term contracts; Jefferies raises tgt to $22

SOLF Solarfun Power: Improving margins and future long term contracts; Jefferies raises tgt to $22

Jefferies is raising their price tgt on SOLF to $22 from $18 after the co reported Q2 results. Firm believes that higher wafer prices will recede in Q4 as the effects of vertical integration and LT wafer contracts begin to take hold. Firm also cites a "smart" strategic investor, key senior management hires, and a new silicon contract may herald positive operational momentum.

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Posted: 8/28/2008 3:42:01 PM by StockMarketFunding | with 0 comments

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