Auriga's Renewable Technologies Update (DQ, SOL)

Auriga is out with its renewable technologies update today, and highlights Daqo (NYSE: DQ) and Renesola (NYSE: SOL) as its top picks.

In a note to clients, Auriga writes, "As we stand prepared to move beyond the coming month's Italian drama, we remind investors that news flow surrounding the Italian incentive revision is likely to drive volatility in all solar shares through the end of April. We expect many opportunities to grab solar stocks as they dip toward recent lows on P/B multiples. We also expect the final revision agreed upon a month from now to be considered more positive than currently indicated by stock prices. In this environment, we prefer stocks of upstream companies like DQ and SOL where selling prices take advantage of higher industry polysilicon prices but costs are less linked."

Shares of DQ closed Monday at $13.16.

Shares of SOL closed Monday at $9.08.