PiperJaffray Reports Japan Earthquake Effects on Solar And LED (CSIQ, JASO, SPWRA, YGE, TSL, STP, OW, DQ, LDK, SOLR, SLR, SATC)

PiperJaffray has released a report detailing the effects of the earthquake in Japan on the Solar and LED sectors.

According to the report, “While the majority of the solar and LED supply chain was not directly impacted, we believe that rolling blackouts, electricity rationing, and infratructure issues will affect supply and demand in the near term. Given poly supply disruptions, and near term demand concerns, we downgrade downstream companies CSIQ, JASO, SPWRA, YGE, TSL and STP. We reiterate our OW on upstream companies DQ, Comtec, LDK, SOLR. We remain OW on FSLR, and SATC given exposure to the US market.”