I mentioned the upgrades in the post before. Now for the downgrades.  Jefferies is out this morning cutting the entire sector and downgrading several solar companies due to the same concerns we’ve heard for many months…  oversupply and lack of demand.

First Solar (FSLR) cut to Hold from Buy
SunPower (SPWRA) cut to Hold from Buy
Suntech Power (STP) cut to Underperform from Hold
Ascent Solar (ASTI) cut to Underperform from Hold
China Sunergy (CSUN) cut to Underperform from Hold
Energy Conversion (ENER) cut to Underperform from Hold
Evergreen Solar (ESLR) cut to Underperform from Buy

Solars are holding up in premarket despite the downgrade.  A few are up a bit.