Deutsche Bank puts holds on several solar stocks, Axiom analyst says sell First Solar
Something to think about in the solar space
September 16, 2011
According to CNBC Deutsche Bank has put holds on a number of solar stocks.
The companies in question were First Solar, Trina, MEMC, Amyris, and Cree.
Likewise, Axiom Capital analyst Gordon Johnson, whom correctly called an $80 target from $150 on First Solar has a new target of $55 on First Solar. A central point in Johnson’s thesis is that, unlike most others in the solar space, First Solar has not yet taken down earnings estimates heading forward, despite the slowdown in the space.
Additionally, Johnson notes that Chinese subsidies are crushing US solar companies.
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