Banc of America has made several downgrades this morning in the solar power sector stocks. These might not be all of the downgrades and calls but these were the key ones we saw:
- JA Solar (NASDAQ: JASO) cut to Neutral from Buy;
- Solarfun Power (NASDAQ: SOLF) cut to Sell from Neutral;
- Trina Solar (NYSE: TSL) cut to Sell from Buy;
- Yingli Green Energy (NYSE: YGE) cut to Neutral from Buy.
We did see two initiations out of Citigroup this morning. Yingli Green Energy (NYSE: YGE) was started as Hold and Suntech Power (NYSE: STP) was started as Buy.
Jon C. Ogg
February 27, 2008