Energy
UBS Ditches Solar Stocks (ENER, ESLR, SOLR, SPWRA)
Published:
Last Updated:
UBS is issuing a downgrade on many of the solar stocks this morning. While this call may be late, it does echo some of the issues brought up recently which signals that some of the solar orders could get cut ahead from utilities now that energy is suddenly cheaper and is deemed to stay cheaper for the time being.
Energy Conversion Devices (NASDAQ: ENER), Evergreen Solar (NASDAQ:ESLR), GT Solar (NASDAQ: SOLR), and SunPower (NASDAQ: SPWRA) were alldowngraded from "Buy" down to "Neutral."
As noted, this call is a late one. But it sure seems like there aremore troubles brewing in solar-land than many of the alternative energybulls would want to consider.
Jon C. Ogg
October 28, 2008
Want to Retire Early? Start Here (Sponsor)
Want retirement to come a few years earlier than you’d planned? Or are you ready to retire now, but want an extra set of eyes on your finances?
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 you build your plan to retire early. 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.
Have questions about retirement or personal finance? Email us at [email protected]!
By emailing your questions to 24/7 Wall St., you agree to have them published anonymously on a673b.bigscoots-temp.com.
By submitting your story, you understand and agree that we may use your story, or versions of it, in all media and platforms, including via third parties.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
