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Updated from 4:12 p.m. ET
The solar sector slid on Tuesday as solar power companies continued to face weak customer demand and dried up credit markets.
Shares of Sunpower (SPWRA Quote) fell $2.91, or 6.45, to $42.24. JA Solar Holdings (JASO Quote) shares dropped 14 cents, or 2.75%, to $4.94. Energy Conversion Devices ( ENER Quote) shares sank 17 cents to $29.21.
JPMorgan analyst Christopher Blansett recommended selling solar stocks as he expects prices to fall and bottom out later in the year. Blansett warned investors not to expect a recovery in solar stocks in the event of a broader economic rebound in 2009, as solar subsidies may have peaked in 2008 when Germany and Spain primarily drove demand. ...
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