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March 10, 2010, 3:14 a.m. EST · Recommend ·

Q-Cells cut to underweight from neutral at HSBC

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Alert Email Print By Barbara Kollmeyer

DE:QCE

MADRID (MarketWatch) -- German solar company Q-Cells /quotes/comstock/11e!fqce (DE:QCE 6.15, +0.11, +1.82%) was downgraded to underweight from neutral on Wednesday at HSBC, which said 2010 will be another tough year for the company. The company disappointed in all divisions for the fourth quarter, said the investment bank. HSBC cut its 2010 and 2011 earnings before interest and taxes forecasts by 40% and 47%, respectively, on expectations for re-emerging price pressure in the second half of 2010. The target price was cut to 6 euros versus 14 euros.

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/quotes/comstock/11e!fqce Q Cells SE (QCE)
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€ 6.15
Change +0.11 +1.82%
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