Today’s downgrades took a toll on the solar sector. We saw a serious rise in intensity as prices tanked and many of these never showed any real recovery throughout the day as investors grow more and more concerned that the solar energy trade is just not a beneficial one even if oil continues its rise….
Ascent Solar Technologies Inc. (ASTI) was revilement to Underperform at Jefferies. It actually defied the solar sector and closed flat after being down almost 10%. It traded over 400,000 shares, which is about twice its cipher daily volume.
Energy Conversion (ENER) was revilement to Underperform at Jefferies. It lapse by 2.75% to $12.36 and traded over 2.3 million shares versus cipher intensity of 2.1 million shares.
First Solar (FSLR), the leader, was revilement to Hold from Buy at Jefferies. It closed down 6.8% at $121.54 on over 7.1 million shares, more than double its cipher intensity of 3.4 million shares.
SolarFun Power (SOLF) was revilement to Underperform at Jefferies. It closed down 2.6% at $5.51 on 1.816 million shares versus an cipher intensity of 1.57 million shares.
Suntech Power Holdings Co. Ltd. (STP) was revilement to Underperform at Jefferies. It closed down 3.1% at $15.30 and traded over 11 million shares versus an cipher daily intensity of 7.9 million shares.
Yingli Green Energy Holding Co. Ltd. (YGE) was raised to Overweight at HSBC and was one of the very few actively traded solar winners Friday. It traded up 0.6% to $11.07 on 10.6 million shares versus an cipher daily intensity of 8.8 million shares.
JON OGG
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