Here’s a rundown of today’s analyst notes on several solar names according to StreetInsider.com
Downgrades
– Raymond James downgrades Suntech Power (STP) from Strong Buy to Outperform and has price target of $15
– FBR downgrades GT Solar (SOLR) from Outperform to Market Perform
– Credit Suisse downgrades JA Solar (JASO) from Outperform to Neutral
– Wedbush Morgan downgrades SunPower (SPWRA) from Strong Buy to Buy and slashed the price target from $100 to $32. … Read the rest
Just a day after Piper Jaffray maintained its price target of $45 on YGE, Amtech is cutting its own price target from $36 to $27, which is still more than $10 from current levels.
According to StreetInsider.com, the firm calls Yingli’s earnings strong but believes there are reasons for concern such as the company’s cash balance and reliance on short term debt to fund expansion. … Read the rest
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