Jefferies & Co. is out with a research report this morning on the solar industry. It is reiterating its Buy ratings on Trina Solar TSL, Yingli Green Energy YGE, JA Solar Holdings Co., Ltd.JASO, and Solarfun Power Holdings Co., Ltd. SOLF. In a note to clients, Jefferies writes, "We believe more German/Japanese brands are persuing a white label module approach, sourcing modules from China. We believe JASO and SOLF are primary beneficiaries while TSL and YGE are unlikely to manufacture a module for another brand. Interestingly, we believe white label customers can achieve ASP premiums by leveraging premier brand names from Europe." Get free trades at tradeMONSTER!