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Canadian Solar: Collins Stewart Cuts Rating, Estimates; Cites "Harsh Pricing Environment"

in News on November 14, 2008 at 10:30 am PT

Analyst Daniel Ries of Collins Stewart points out the “harsh pricing environment” in the solar sector as the main reason for the cut in his rating on Canadian Solar. The company is not a low-cost producer, but it’s up against low-cost producers in a climate that has buyers–particularly European ones–demanding lower prices.