SunPower: Three Analysts Slash ’09 Estimates; Earnings Thursday

With SunPower set to report earnings on Thursday after the close, solar analysts have taken a fresh look at the company this morning–and at least three of them did not like what they saw. Analysts at Friedman Billings Ramsey, Thomas Weisel Partners and Pacific Crest all had words of warning this morning for investors in the stock, sharply reducing their forecasts for 2009.

Solar: Panic Sets In as Demand Crumbles

An early plunge in JA Solar today set off a widespread loss across the industry. Analysts expect solar companies to miss forward earnings expectations at the very least. In a post-earnings conference call, Mehdi Hosseini of Friedman Billings Ramsey characterized the mood in the industry as “near-panic.” Almost every major solar stock suffered double-digit percentage losses today.