This week, the solar sector saw a storm of downgrades. It seems that analyst estimates have been slow to match some of the more morose emerging realities in the space.
Take, for instance, Suntech Power's
Suntech isn't the only one cutting headcount. Optisolar, who we saw land a huge contract with PG&E
Back to those analysts playing catch-up. Cowen led things off Monday with earnings estimate revisions on everyone from Trina Solar
Later in the week, a Citigroup
Finally, another Wall Street gumshoe whose coverage I'm less familiar with downgraded JA Solar
As always, I'd like to end on a positive note. This week did see an impressive fundraising feat by SolFocus, one of the concentrating solar power companies I took a peek at last year. While the capital markets remain catatonic, it's nice to see that promising start-ups can still pull in the green.