Evergreen Solar (ESLR) Shares Tumble Amid Numerous Analyst Downgrades
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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
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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