Solarworld Rated New `Underperform' at Credit Suisse on Margins

Solarworld AG, Germany's third-largest solar company, was rated ``underperform'' in new coverage at Credit Suisse Group AG, which cited risks to margins.

``Competition from Asia, combined with tougher legislation, will likely lead to more aggressive pricing and margin pressure,'' London-based analysts led by Adrien Bommelaer wrote in a note to clients today.

Credit Suisse set a share-price estimate of 20 euros. The stock declined 1.10 euros, or 5.3 percent, to 19.74 euros in German trading yesterday.

To contact the reporter on this story: Daniela Silberstein in Zurich at dsilberstei2@bloomberg.net.

To contact the editor responsible for this story: Daniel Hauck at dhauck1@bloomberg.net.

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