Roth Capital analyst Philip Shen upgraded Canadian Solar to Buy from Neutral and raised his price target for the shares to $24 from $15. The solar power company closed yesterday down 11% to $16.84. The analyst sees an attractive entry point post yesterday's selloff and believes an "overwhelming sense of cynicism" is now priced in. He sees "real asset value" at the company, noting his sum-of-the-parts analysis suggests the stock should be worth $24. The Japanese portfolio alone is worth $9 per share, Shen tells investors in a research note. Further, he expects a balance sheet transformation at Canadian Solar over the next six months.

Wells Fargo notes that a group of seven domestic solar product makers, including First Solar (FSLR), filed a petition to levy anti-dumping and countervailing duties on solar imports from Cambodia, Malaysia, Thailand and Vietnam, looking for duties ranging from 70.4% to 271.5%. The firm, which included the "important reminder" that "this is just a petition," says the uncertainty created by the petition is "incrementally positive" for First Solar and negative for Canadian Solar (CSIQ), Array Technologies (ARRY) and Nextracker (NXT).