Analysts have been, for the most part, negative on First Solar this morning which is why the stock continued to slide in pre market trading. It has stabilized though and holding steady in the 155 – 157 range. I wouldn’t be surprised to see a retest of the 150 before this is all said and done, particularly if this market ever goes into a meaningful correction. That would provide another great place to add a … Read the rest
Tag Archives: credit suisse
More Solar Analyst Downgrades & Price Cuts: STP, SOLR, YGE, SPWRA, WFR, JASO
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
Credit Suisse Lowers Price Targets For Several Major Solar Stocks (JASO, SOL, STP)
24/7WallStreet.com notes that Credit Suisse has lowered price targets on several major solar stocks. Apparently, with the economic downturn, shares just aren’t selling for as much as the used to, and the price targets were adjusted to reflect the new economic reality. According to the article, they may be starting a trend, as we can expect other brokerage firms to start taking similar actions. Here’s a quick rundown of the affected companies:
… Read the restJA Solar Holdings