Energy
Credit Suisse Dims Solar Expectations (JASO, SOL, STP)
Published:
Last Updated:
Credit Suisse has come out today with a call against the solar sector from its Asian team. It is not downgrades, but the firm slashed its price targets to more in-line levels after these stocks have all sold off sharply
JA Solar Holdings (NASDAQ: JASO) target cut to $10.00 from $17.00, shares down 3.5% at $4.65 pre-market,
ReneSola Ltd. (NYSE: SOL) target cut to $13.30 From $29.00, shares down 3% at $5.77 pre-market.
Suntech Power Holdings (NYSE: STP) target cut to $20.00 from $50.00, shares down 2% at $14.95 pre-market.
Because of the severe drop in share prices we have seen in recentmonths, these new price targets may start to get adjusted at morebrokerage firms to levels which are more in-line with current prices.For many of the old price targets to get hit you would have to ralliesin many cases to the tune of 150% to 200% or more.
Jon C. Ogg
October 31, 2008
Sponsored: Attention Savvy Investors: Speak to 3 Financial Experts – FREE
Ever wanted an extra set of eyes on an investment you’re considering? Now you can speak with up to 3 financial experts in your area for FREE. By simply clicking here you can begin to match with financial professionals who can help guide you through the financial decisions you’re making. And the best part? The first conversation with them is free.Click here to match with up to 3 financial pros who would be excited to help you make financial decisions.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
