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Solar Slump Ending, Says Axiom Analyst Who Predicted Armageddon

Gordon Johnson, the Axiom Capital Management Inc. analyst who predicted “Armageddon” for the solar industry 14 months ago, said the crash that wiped $27 billion off the value of the shares last year may be over.

Johnson raised his rating on First Solar Inc., the industry’s biggest company by market value, to “neutral” from the “sell” he recommended since 2008. He also upgraded Trina Solar Ltd., Yingli Green Energy Holdings Co., Power-One Inc. and Suntech Power Holdings Co.