Wednesday, October 20, 2010

Suntech (NYSE:STP), First Solar (Nasdaq:FSLR), Energy Conversion Devices (Nasdaq:ENER) Rated by Raymond James

For better or worse, the solar sector continues to garner a lot of attention, as Raymond James rated Suntech (NYSE:STP), First Solar (Nasdaq:FSLR) and Energy Conversion Devices (Nasdaq:ENER).

Suntech was upgraded by Raymond James from "Underperform" to "Market Perform." They had also been upgraded by Deutsche Bank AG (NYSE:DB) from "Hold" to "Buy."

For First Solar Raymond downgraded them from "Outperform" to "Market Perform," and Energy Conversion Devices was downgraded from "Market Perform" to "Underperform."

First Solar closed Tuesday at $143.92, falling $3.15, or 2.14 percent. Suntech ended the session at $8.85, dropping $0.59, or 6.25 percent. Energy Conversion Devices closed at $4.64, losing $0.35, or 7.01 percent.

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