Yingli (NYSE:YGE),Canadian Solar (NASDAQ:CSIQ), First Solar (NASDAQ:FSLR), JA Solar NASDAQ:JASO), MEMC (NYSE:WFR),Solarfun (NASDAQ:SOLF), SunPower (NASDAQ:SPWRA), Suntech (NSYE:STP), SolarWorld (SWV.GR), Trina (NYSE:TSL) PTs All Lowered by Jefferies

Jefferies took their scalpel to the solar sector today, slashing price targets on Canadian Solar (NASDAQ:CSIQ), Yingli (NYSE:YGE), First Solar (NASDAQ:FSLR), JA Solar NASDAQ:JASO), Solarfun (NASDAQ:SOLF), SunPower (NASDAQ:SPWRA), Suntech (NSYE:STP), SolarWorld (SWV.GR), Trina (NYSE:TSL) and MEMC (NYSE:WFR).

This was largely from the expectations of a variable feed in tariff for solar sometime soon, based on installed volumes.

Jefferies said, "weak German solar installs in 2H10 may minimize any immediate impact of FIT policy change, but we conservatively estimate a reduction (and in doing so partially remove a stock/policy overhang) in ASPs."

They expect a cut of about 9% cut (+/-3%) starting in April, and that's assuming a strong 5-6GW market in Germany for 2011.