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Solarfun Not Having Fun; Jefferies Slashes Estimates

in News on March 20, 2009 at 11:41 am PT

Seems like there’s never any good news from the solar sector. Solarfun Power shares are getting whacked today by a report from Jefferies solar analyst Paul Clegg, who basically points out that the company is suffering from the dual maladies of sagging demand and a weakening balance sheet.