By Market News Video Staff, Wednesday, November 17, 12:33 PM ET
Credit Suisse (NYSE:CS) analyst Satya Kumar is cutting his ratings on solar stocks today. Kumar’s caution in the sector comes from increased supply, which will pressure prices, as well as “flattish” demand in 2011.
First Solar (NASDAQ:FSLR) was cut from outperform to neutral, with its price target slashed from $155 down to $127.50. GT Solar (SOLR) was cut from outperform from neutral, and its price target reduced from $11 to $9.
Kumar also cut Trina Solar (NYSE:TSL) and ReneSola (NYSE:SOL) from outperform to neutral, and JA Solar (NASDAQ:JASO) and Suntech (NYSE:STP) from neutral to underperform.
On the news, the Guggenheim Solar ETF (AMEX:TAN) is trading lower today, falling more than 3% so far.
The ETF Channel Flexible Growth Investment Portfolio is designed to seek growth for investors — anywhere and everywhere. The key to the program is our portfolio strategy allows us complete flexibility in terms of asset allocation as there are no predetermined guidelines as to the level of stocks, bonds, cash, regions, countries, sectors, commodities, or even asset classes in the portfolio! In short, this is a completely flexible portfolio designed to follow the performance trail wherever it leads us.
This Article's Word Cloud:AMEXFSLRFirstGuggenheimInvestmentJASOKumarNYSEPortfolioReneSolaSOLRSolarSuisseTrinaallowsalsoanalystassetbondsclassescomescompletecompletelycountriesdemanddesigneddownfallingflattishfollowfromgrowthinvestorsleadsneutralnewsoutperformperformanceportfoliopressurepriceprogramshortsolarstockstargettermstheretodaywith
Any ideas and opinions presented in all Market News Video clips are for informational and educational purposes
only, and do not reflect the opinions of BNK Invest, Inc. or any of its affiliates, subsidiaries or partners.
In no way should any content contained herein be interpreted to represent trading or investment advice.
None of the information contained herein constitutes a recommendation that any particular security, portfolio,
transaction, or investment strategy is suitable for any specific person. All viewers agree that under no
circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held
liable for any loss or damage caused by your reliance on information obtained. Read Full Disclaimer.