The sun is soaring high for Suntech Power Holdings (STP: sentiment, chart, options) . The company received a wealth of positive commentary from the brokerage community today, with analysts reacting to STP's solid second-quarter earnings report, released Wednesday morning. Below is a quick rundown of the session's activity:

• Credit Suisse: price target boosted to $50 per share from $48 per share.

• Jefferies: price target boosted to $70 per share from $67 per share, reiterated "buy" rating.

• Friedman, Billings & Ramsey: reiterated STP at "market perform."

• Jesup & Lamont: reiterated STP with a "buy" rating.

Following the barrage, the equity has surged more than 7% higher so far today, reclaiming potential support at its 20-month moving average - a trendline that STP has not closed a month above since April. The shares are currently battling with potential resistance at the 45 level, but a short-squeeze situation may be able to ease this technical hurdle. More than 14% of the stock's float is sold short, and the security's 40% rally since August 11 has to be creating some pain for these bears right now.