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To: Bill Harmond who wrote (50295)	7/2/2009 11:31:29 AM
From: bob zagorin	Read Replies (1) \| Respond to of 57684

added to eslr today JP Morgan recommends investors take a defensive position in solar stocks for the second half of 2009 and focus on companies with downside support. The firm downgraded First Solar (FSLR) to Neutral from Overweight on concerns margins may come down due to aggressive pricing and Germany's subsidy cut could be larger than expected. However, JP Morgan initiated Energy Conversion (ENER) with an Overweight as they see limited downside and an attractive valuation and upgraded Evergreen Solar (ESLR) to Overweight from Underweight due to valuation and low expectations. JP Morgan also upgraded Ascent Solar (ASTI) and Sunpower (SPWRA) to Neutral from Underweight. The firm has a $9.50 price target on Ascent Solar, $28.50 target on Energy Conversion, $5 target on Evergreen Solar, $140 target on First Solar, and $25 target on Sunpower.