Equinet affirms "buy" stance on Solar-Fabrik after Q3 figures
Nov 17, 2011 - Equinet today kept its "buy" recommendation and EUR 3.60 share price target on German solar module maker Solar-Fabrik AG (ETR:SFX) after the presentation of third-quarter financial results.
Despite difficult market conditions, the company presented solid financial figures, analyst Stefan Freudenreich wrote in a study.
Thanks to its good balance sheet, the firm is well-positioned regarding the upcoming consolidation in the PV sector, Freudenreich said.
At 1639 CET today Solar-Fabrik's share had gained 2.17% to EUR 2.45 on the Xetra platform.