Jefferies' Jesse Pichel is downgrading JA Solar (JASO -4.1%) and Suntech (STP -8.1%) to...

|About: JA Solar Holdings, Co., Ltd. (JASO)|By:, SA News Editor

Jefferies' Jesse Pichel is downgrading JA Solar (JASO -4.1%) and Suntech (STP -8.1%) to Underperform, and Trina Solar (TSL -2.4%) to Hold, believing a soft euro hurts the companies, and that falling module prices aren't lifting demand. Pichel also thinks solar pricing has deteriorated to the point where some companies may be selling products at cost.