Auriga Maintains ReneSola Buy, $27 PT (SOL)

Auriga maintained its ReneSola SOL Buy rating and $27 price target in a research report published today. In the report, Auriga states, "Management is clearly taking the "slow and steady" approach by not pushing guidance as high or fast as it could, and we see this as setting the stock up for longer-term stability as management establishes a track record of conservatism and consistency. Interestingly and despite this supposedly "slower" approach, we note that 2011 capacity goals are nearly 2x those of 2010 and our peers' perception is that this is still not fast enough. " Sharse of ReneSola were trading at $9.25 in pre-market trading at the time of posting, up 0.54% from Tuesday's market close.