Evergreen Solar, Inc. (ESLR) was hit with a negative analyst note today, when J.P. Morgan dropped its rating on the shares to “underweight” from “neutral.” The downgrade comes on the heels of ESLR’s fourth-quarter earnings report, with the firm on Wednesday evening confessing to a dramatically wider-than-forecast loss of $11.99 per share.
ESLR is off 3.8% in electronic trading, deepening its year-to-date deficit of 46.8%. In fact, the shares are now set to open at a new annual low, dropping below their current 52-week nadir of $1.84 .
Due to the stock’s utterly bleak price action, most analysts already maintain a less-than-rosy opinion of ESLR. Zacks reports zero “buy” ratings, along with nine “holds” and three “strong sells.”
How do I find these news, this is my tool // http://bit.ly/c4sKmY
