Friday, October 10, 2008

Lazard cuts price targets on 9 solar companies

The solars are generally up an hour into the trading day.
From Reuters:
Lazard Capital Markets cut its price
targets on nine solar companies to partly reflect the current
market environment, but said several names in its coverage
universe "offer significant potential upside once the market
 "This supply/demand imbalance could persist for several
quarters, requiring the industry to work collectively to expand
existing markets and establish/open new geographic
territories," said the brokerage in a note to clients.
 Lazard said it expects the solar industry to bifurcate into
leader and those with a "me-too" strategy, as it evolves....MORE, including price targets.