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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.
Comments (1)
  • dknight
    , contributor
    Comments (18) | 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
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