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First Solar, SunPower downgraded by Goldman on solar fears

Oct 7, 2008 U.S Hot Stocks

LONDON (MarketWatch) — Goldman Sachs took a “cautious” stance on solar, lowering
First Solar to conviction sell from buy and SunPower to sell from buy. “The risk
of oversupply in the solar market will soon become a reality as considerably less
generous demand subsidies take hold just as a wave of supply and tight financing
hit the market. We believe that liberal subsidies of the past in markets like
Germany and Spain are unlikely to be replicated in the future given fears of
their ultimate cost in a bad world economy,” the brokerage said.

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Technorati Tags: Brokerage, Buy Sell, Conviction, Fears, Germany, Goldman Sachs, London, Marketwatch, Oversupply, Risk, Spain, Subsidies, Sunpower, World Economy

Tags: Brokerage, Buy Sell, Conviction, Fears, Germany, Goldman Sachs, London, Marketwatch, Oversupply, Risk, Spain, Subsidies, Sunpower, World Economy