Piper Jaffray adds Yingli Energy (NYSE: YGE) to its Alpha List with a Buy rating and $65 price target. The firm cites Spanish solar installers as saying "Yingli modules are the highest quality modules from China." Piper believes Yingli is fully covered for poly throughout 2008 and should increase its poly supply coverage for 2009 from 30% to 60% in the near-term, possibly representing a potential positive catalyst. Piper Jaffray's $65 price target on Yingli represents a potential gain of 223% from current levels around $20.
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