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Strategies & Market Trends : IPO and Other Stock Plays

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From: MLD38	4/17/2007 2:01:42 PM
	of 13331

Downgraded & on declining side: JASO & SOLF biz.yahoo.com Article related solar quotes: JASO, SOLF, STP finance.yahoo.com ....On the declining side, Solarfun Power Holdings Co. Ltd. and JA Solar Holdings Co. Ltd. fell in the early session after CIBC World Markets Corp. analyst Jeff Osborne cut his rating on both stocks to "Sector Performer" from "Sector Outperformer." "Both stocks are currently trading above our previous price targets at valuations that we do not see as defensible for commodity PV cell/module suppliers," wrote Osborne, who removed his target prices. The analyst said he prefers shares of Suntech Power Holdings Co. Ltd. in the solar sector, and advised investors to lock in profits following a recent share price increase for Solarfun and JA Solar. Shares of Suntech advanced 3 cents to their close at $36.25 on the NYSE in the premarket session. Solarfun Power gave up 82 cents, or 4.6 percent, to $16.86, after closing at $17.68 Monday on the Nasdaq. JA Solar Holdings dropped $1.35, or 4.8 percent, to $26.85 in the premarket session after winding up at $28.20 a day earlier on the Nasdaq. All three companies are based in China....

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