Credit Suisse Cuts Price Targets Of Solar Stocks: TSL, FSLR, STP, SPWRA, JASO

Credit Suisse demonstrates once again why analyst estimates and ratings are for the most part worthless.  Rarely are analysts ahead of the curve and Credit Suisse is no exception.  They are out this morning maintaining their Neutral and Outperform ratings, but cutting price targets well after these stocks have plummeted to new lows.  I believe solar stocks are close to bottoming out, based on some minor capitulation moves seen yesterday.  Many are ripping higher again today, particularly SOLF, CSIQ and YGE. Here they are (hat tip to Street Insider):

Maintains Outperform rating on Trina Solar (TSL), but price target lowered from $29 to $24.  The stock just hit $15 a few days ago! Get A FREE Trina Solar Trend Analysis Here

Maintains Neutral rating on all of the following..

First Solar (FSLR) price target cut from $145 to $110. Get A FREE First Solar Trend Analysis Here

Suntech (STP) price target lowered from $11 to $8. Get A FREE Suntech Power Trend Analysis Here

SunPower (SPWRA) price target lowered from $19 to $16.30. Get A FREE Sunpower Trend Analysis Here

JA Solar (JASO price target lowered from $8 to $5.80.  Get A FREE JA Solar Trend Analysis Here

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