Lazard Cuts LDK (LDK), China Sunergy (CSUN), JA Solar (JASO) to Hold, Canadian Solar (CSIQ) to Sell

March 11, 2011 8:36 AM EST
Get Alerts LDK Hot Sheet
Price: $1.01 --0%

Rating Summary:
    2 Buy, 2 Hold, 7 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 8 | Down: 5 | New: 26
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Lazard Capital downgraded a number of stocks in the Solar sector this morning:
  • LDK Solar (NYSE: LDK) from Buy to Hold
  • China Sunergy (Nasdaq: CSUN) from Buy to Hold
  • JA Solar (Nasdaq: JASO) from Buy to Hold
  • Canadian Solar (Nasdaq: CSIQ) from Hold to Sell
The Claymore/MAC Global Solar Index ETF (NYSE: TAN) is down about 1.6% this morning.

Today's set of downgrades follows a large shipment warning from Energy Conversion Devices (Nasdaq: ENER) last night. Shares of ENER have tumbled nearly 26% this morning.

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