Forbes.com Sees Bad Year For Entire Solar Sector As Solar Stocks Fall (JASO, ENER, LDK, ESLR, SPWRA, SPWRB)

Forbes.com notes that the stock prices of major solar power companies like LDK and JA Solar Holdings fell yesterday, as the companies continue to face difficulties from reduced demand and lack of credit.

Here’s a roundup of the stocks they profiled in the article referenced above:

  • SunPower Corp- dropped $2.18 to close at $42.97, a price decrease of 4.8 percent
  • JA Solar Holdings- dropped .10 to close at $4.99, a 2 percent decrease
  • Energy Conversion Devices- dropped .19 to close at 29.19
  • LDK Solar- dropped .07 to close at $14.77
  • Evergreen Solar- dropped .08 to close at $3.50 due to the closure of their Marlboro facility

According to some analysts, there is no relief in sight for solar. JP Morgan analyst Christopher Blansett makes Eeyore sound positively cheery with his advice on solar stocks. Here is a quote from the Forbes.com article referenced above:

PMorgan analyst Christopher Blansett recommended selling solar stocks as he expects prices to fall and bottom out later in the year. Blansett warned investors not to expect a recovery in solar stocks in the event of a broader economic rebound in 2009, as solar subsidies may have peaked in 2008 when Germany and Spain primarily drove demand. He expects solar subsidies to decline significantly in this year, forcing prices to drop between 25 and 40 percent compared to last year.

Finally, Blansett added that constrained credit markets could "bring the alternative energy industry to a screeching halt if access to capital is not made more available."

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