Evergreen Solar (ESLR) NewsBite - ESLR Downgraded By Wedbush Morgan

Posted: Friday, October 17, 2008 2:01 PM EDT
By: Market Intelligence Center Staff

Evergreen Solar (ESLR) was downgraded today by analysts at Wedbush Morgan and the stock is now at $3.38, down $0.49 (-12.66%) on volume of 5,288,897 shares traded. The brokerage downgraded ESLR to "Hold" from "Buy." Over the last 52 weeks the stock has ranged from a low of $2.98 to a high of $18.85. Evergreen Solar stock has been showing support around $3.22 and resistance in the $4.22 range. Technical indicators for the stock are neutral and S&P gives ESLR a neutral 3 STARS (out of 5) hold ranking. We will just watch this one for now. There are no hedged trades we like the look of for ESLR. [ABR-Seven Summits Strategic Investments NewsBite]