Macquarie Upgrades YGE to Outperform, SPWRA to Neutral; Downgrades FSLR to Neutral, STP to Underperform

October 19, 2009 9:34 AM EDT

Australian firm Macquarie has made several changes to stocks in the Solar sector this morning:

  • upgrades Yingli Green Energy (NYSE: YGE) from Neutral to Outperform. Shares of Yingli are up 2.6% to $13.06 in the pre-market trading session.
  • upgrades Sunpower (Nasdaq: SPWRA) from Underperform to Neutral. The stock is up 1.3% to $32.
  • downgrades First Solar (Nasdaq: FSLR) from Outperform to Neutral. First Solar shares are down slightly to $147.41.
  • downgrades Suntech Power Holdings (NYSE: STP) from Neutral to Underperform. Shares of Suntech are down 0.13% to $14.87.
The Claymore/MAC Global Solar Index ETF (NYSE: TAN), or commonly referred to as just "the TAN", is up about 0.21% today.

Stay tuned for more color on the upgrades/downgrades.


Related Categories

Downgrades
Upgrades

Stocks Mentioned

FSLR 120.97

+1.72 +1.44%
Volume: 1,245,511
Track FSLR

SPWRA 20.80

-0.10 -0.48%
Volume: 1,359,432
Track SPWRA

STP 14.82

+0.16 +1.09%
Volume: 2,237,949
Track STP

TAN 9.43

+0.11 +1.18%
Volume: 127,005
Track TAN

YGE 13.70

+0.67 +5.14%
Volume: 3,824,129
Track YGE



Comments

SMA Solar
M Turner on Oct 19, 2009 09:51 AM

Macquarie (and others) are bullish on SMA Solar, expect a strong quarter report yet the share price is sinking from its highs. Any particular reason?


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