Evergreen Solar (ESLR) Shares Tumble Amid Numerous Analyst Downgrades

November 6, 2009 9:38 AM EST

Shares of Evergreen Solar (Nasdaq: ESLR) are getting whacked today following yesterday's 9% rise amid mixed Q3 results. The stock is currently down more than 7% to around $1.44 as we have three analysts out with downgrades this morning:

• Citi cuts the stock from Hold to Sell, also reducing its price target from $3 to $1
  
• Pacific Crest downgrades from Sector Outperform to Sector Perform
  
• Ardour Capital lowers from Hold to Reduce

To stay up-to-date on all the market-moving analyst calls on shares of Evergreen Solar, visit our Analyst Ratings page.

Evergreen Solar, Inc. engages in the development, manufacture, and marketing of solar power products primarily in the United States and Europe.

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Downgrades
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Related Entities

• Citi
• Pacific Crest Securities

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