From Tech Trader Daily:
J.P. Morgan analyst Christopher Blansett this morning shuffled his ratings on some solar stocks, advising investors to “shift to a more defensive stance.” For the second half, he expects “an uncertain landscape for solar energy companies with both positive and negative forces in play that are likely to cause solar energy stock prices performance to be choppy and relatively range bound.” Here’s a rundown on his revised ratings...
...First Solar (FSLR): Downgraded To Neutral, from Overweight. “We the current stock price does nto reflect a potential negative margin reset or the possibility Germany could make a larger than sceduled subsidy reduction in 2010,” he writes. The analyst all worries that crystalline silicon modile makers who are benefiting from low poly prices will continue to price aggressively, even at their own cash costs....MORE
