Needham cuts Hanwha SolarOne as shares hit lifen">(Reuters) Needham Co downgraded Hanwha SolarOne Co to "hold" on lower than expected shipment levels and said the Chinese photovoltaic cell maker would face more losses in coming quarters due to falling module prices and higher expenses.The company's shares fell as much as 12 percent to a lifetime low of $2.11 in Monday morning trading on Nasdaq."We believe second half 2011 shipment levels are tracking below plan, anchored by weaker than expected demand," analyst Y Edwin Mok said in a note to clients.In August, Hanwha said it swung to a second quarter loss and would only meet the lower end of its full year shipment outlook.Solar subsidy cuts in Germany and Italy earlier this year triggered a global glut of solar panels
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