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Barclays Cautious On Q2 Solar Earnings; Cuts Price Targets on FSLR, ENER, STP & YGE
Solar stocks were slammed today as oil prices continued to retreat and the cautious comments out of Barclays didn’t help either. Barrons reported this morning that analyst Vishal Shah is cautious on solar heading into Q2 earnings because of the magnitude of the recent rally and the unlikelihood of US & China demand picking up the Germany slack.
He made price cuts as well:
- ENER from $13 to $17 on customer financing
- FSLR from $190 to $175 on weak German demand and financing
- STP from $17.50 to $16 on further ASP declines
- YGE $18 to $16.50 on risk of increasing receivables write downs
More on this topic
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(naked capitalism, 9/5/09)
The Solar Energy Sector: Profit From the “Solar Shift” With These Five Firms
(Investment U, 1/21/10)
Solar Panels for $100 Each? Wow!
(Red Hot Energy and Gold - Global..., 2/25/10)
Guest Post: The New Rising Sun?
(naked capitalism, 6/28/09)
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