Raymond James is upgrading solar stocks and JC Penney is downgraded to 'neutral.'
Citigroup readies for a recovery in the alternative energy sector by initiating coverage on several equities.
Citigroup initiates solar stocks: SunPower is initiated with a 'buy' and Suntech with a 'sell.'
The solar energy company expects to see higher sales in 2012 despite German headwinds.
Companies face major hurdles as European support for the industry lags.
Combined with the rapidly declining cost of solar, government support should result in a fast expansion of the solar industry in the country.
If China imposes tariffs on polysilicon, the main raw material in solar panels, the company will be able to sell its output at higher prices.
To counter weak global sales, the company plans to reduce supply-chain inefficiencies and streamline its manufacturing process.
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