Brean Murray downgrades JA Solar (JASO -2.3%) and ReneSola (SOL -2.6%) as weak pricing power in...


Brean Murray downgrades JA Solar (JASO -2.3%) and ReneSola (SOL -2.6%) as weak pricing power in cell and wafer components is expected to adversely impact margins in H2. The firm upgrades Yingli (YGE +0.2%), saying the margin erosion has already impacted its bottom line.

From other sites
Comments (1)
  • dknight
    , contributor
    Comments (19) | Send Message
     
    Brean Murray's downgrade from hold to sell after these stocks have had major corrections (down between 50-70% over the past 3-4 months) is as dumb as buying high and selling low. If they were really reputable, they should have downgraded to Sell in Feb 2011, and not when it's at a year low. Makes you suspicious of whether they have any special interests or shorts (whether directly or indirectly).

     

    On a separate note, pricing of any technology that wants to bocome mainstream must come down -- even your iPhone or iPad. This is not bad, rather a good thing if you want to increase its use. Solar cells aren'y just used in roof-tops. Their application is extending to consumer electronics more and more. This should be a good thing to ensure increase in demand.
    28 Jun 2011, 11:32 AM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs