First Solar (Nasdaq:FSLR), ReneSola (NYSE:SOL), Trina Solar (NYSE:TSL), GT Solar (Nasdaq:SOLR), Suntech (NYSE:STP), JA Solar (Nasdaq:JASO) Downgraded

Credit Suisse downgraded a number of stocks in Solar Sector, along with the sector itself, including First Solar (Nasdaq:FSLR), ReneSola (NYSE:SOL), Trina Solar (NYSE:TSL), GT Solar (Nasdaq:SOLR), Suntech (NYSE:STP) and JA Solar (Nasdaq:JASO).

The overall solar sector was downgraded from "Overweight" to "Market Weight" by Credit Suisse, which said supply and demand in 2011 is causing them to be concerned over the performance of the sector.

Most of the concern centers around the fact the industry is subsidized so heavily, and because of that supply is rising at a pace where the industry will be hit with lower prices, margins and earnings.

Pricing has been expected to fall because of the rising supply, but it seems it will be accelerated faster than believed.

The price targets on the companies were all significantly lowered as well.

JA Solar was downgraded from "Neutral" to "Underperform." They were trading at $7.48, dropping $0.37, or 4.71 percent at 11:58 AM EST. Credit Suisse lowered the price target on them from $11.50 to $6.

ReneSola was downgraded from "Outperform" to "Neutral." They were trading at $9.01, falling $0.76, or 8.45 percent at. Credit Suisse lowered the price target on them from $16 to $9.50.

Trina Solar was downgraded from "Outperform" to "Neutral." They were trading at $22.62, losing $1.07, or 4.47 percent. Credit Suisse lowered the price target on them from $36 to $21.

GT Solar was downgraded from "Neutral" to "Underperform." They were trading at $7.60, dropping $0.79, or 9.42 percent. Credit Suisse lowered the price target on them from $11 to $9.

Suntech was downgraded from "Neutral" to "Underperform." They were trading at $7.53, dropping $0.81, or 9.71 percent. Credit Suisse lowered the price target on them from $11.50 to $6.

First Solar was downgraded from "Neutral" to "Underperform." They were trading at $124.35, falling $6.34, or 4.85 percent at. Credit Suisse lowered the price target on them from $155 to $127.50.