Credit Suisse lowered JASO's price target from $17.00 to $10.00. Other solar companies such as ReneSola (SOL) and Suntech Power Holdings (STP) were similarly affected as a result of the economic downturn.
JASO maintained a close relationship with Lehman Brothers so the investment bank's collapse has particularly strong implications for JASO. Specifically, a $100M loan to Lehman will most likely not be repaid. JASO loaned shares of its own stock to the company that cannot be recovered and will therefore dilute current shareholders. Lastly, JASO purchased a call option from Lehman under a $17M contract which they will not be able to capitalize on and their investment is lost.