Monday, February 27, 2012

"Solar: Cowen Cuts Ratings On FSLR, TSL, STP, SPWR"

Stone is one of thetwo or three best analysts in the space.
Eric Savitz writing at Forbes:
Cowen analyst Rob Stone this morning cut ratings on four leading solar stocks, asserting that Germany’s plan to accelerate and deepen feed-in tariff cuts will deepen the pricing pressures that have been pressuring the industry.

The analyst downgrades First Solar, Trina Solar, Suntech Power and SunPower all to Neutral from Outperform.
In this morning’s trading:
  • FSLR is down 38 cents, or 1.1%, to $35.20.
  • TSL is down 28 cents, or 3.6%, to $7.52.
  • STP is up 3 cents, or 1%, to $3.09.
  • SPWR is down 27 cents, or 3.4%, to $7.45.