SPWR was downgraded from underperform to sell due to "valuation and balance sheet concerns." This shouldnt be news to anyone since they have a high debt/equity ratio.
Of course FSLR has a fantastic debt to equity ratio and is flush with cash and 500M + in receivables. So as always, this just presents a buying opportunity since the industry is getting taken down by SPWR.
Its hilarious that the market gives that analyst any credibility at all. He had the stock at "underperform" while it doubled in value. He down grades SPWR but raises the price target 20%? What a clown. I think the recent consolidation in solar stock prices is nearly complete. After Jan op ex on Friday we should be good to go, assuming the market doesn't start crashing on the debt ceiling circus.
Ah yes...out of 500 solar related companies 350 have gone bankrupt in the last 8 years. Only one makes money. Only one has a 'balance' sheet. Only one has figured out how to make money...only one. And just because the one sells the most innefecient panel on the street means nothing. Just because the one is the company that received the most money from Team Obama means nothing. Those "receivables" are 100% based on govt funding continuing and the 500 million was 772 18 months ago............