STOCKS NEWS US-Piper Jaffray lowers view on solar power co's

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U.S. stock market report [.N] 0819 ET 02Jan2009-Piper Jaffray lowers view on solar power companies ------------------------------------------------------------------------------

Piper Jaffray Friday lowered its view on the solar power sector, saying it had "zero visibility" in most markets and that the first quarter would be a trough for industry shipment.

"The U.S. market remains nascent as utilities are unlikely to move the needle in 2009," the firm wrote, though it added that since the industry was "very much a credit call," end markets could rebound in May or June if the situation doesn't worsen. It sees "modest sequential growth" for the second quarter.

As part of its call, Piper Jaffray downgraded Canadian Solar (CSIQ.O) to sell and ReneSola (SOL.N) to neutral.

Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net 0800 ET 02Jan2009-Nokia looking for profits over sales targets: FT ------------------------------------------------------------------------------

Pekka Kallasvuo, the chief executive of Nokia (NOK.N), Friday said the company would focus on profit development instead of sales targets, according to a report in the Financial Times.

"We will continue to combine market share and amrgins in the right way in order to maximise the bottom line," Kallasvuo said in an interview. [ID:nL1561665]

U.S.-listed shares of the cell phone company closed Wednesday at $15.60 on the New York Stock Exchange. 0738 ET 02Jan2009-City National subject to bailout review: LA Times ------------------------------------------------------------------------------