Barclays Downgrades Suntech Power (STP), LDK Solar (LDK) & Yingli (YGE), Evergreen Solar (ESLR) & Slashes Price Targets

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09:21:50 am on February 22, 2010

Barcays is out with a few solar downgrades this morning..

Suntech Power (STP) gets downgraded from Overweight to Equalweight with a new price target of $12 from $16
Yingli Green Energy (YGE) downgraded from Overweight to Equalweight and price target slashed to $11 from $19
LDK Solar (LDK) downgraded from Equalweight to Underweight and price target halved to $4 from $8
Evergreen Solar (ESLR) downgraded from Equalweight to Underweight with the price target now under a buck at .50 vs $1.50

The solar stocks are holding up quite well in premarket trading despite the downgrades.

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