PVCS.L Share News (PVCS)

0616 GMT [Dow Jones] Goldman Sachs downgrades ReneSola (SOLA.LN) and PV Crystalox Solar (PVCS.LN) to sell from neutral, given their relative potential downside versus the rest of the brokerage's coverage. Adds that European manufacturers of wafers, cells and modules remain hindered by structurally higher cost bases and that additional advanced solar photonics reductions are likely to lead to further erosion of margin, profitability and returns. After changing its valuation methodology, Goldman raises ReneSola price target to 200p from 169p. Meanwhile, cuts PV Crystalox price target to 52p from 60p implying 8% downside from current levels. (andrea.tryphonides@dowjones.com) Contact us in London. +44-20-7842-9464 Markettalk.eu@dowjones.com (END) Dow Jones Newswires June 28, 2010 02:16 ET (06:16 GMT)