Solar Sector In Free Fall As Germany May Move to Monthly Subsidy Cuts (JASO) (TSL) (STP) (FSLR)
Down)
Solar stocks are getting clocked Thursday on reports Germany is pushing for monthly subsidy cuts versus semi-annual cuts.
Looking around the sector today and the carnage is easy to see:
JA Solar (Nasdaq: JASO) down 14%
Trina Solar (NYSE: TSL) down 12%
Yingli Green (NYSE: YGE) down 11%
Suntech Power (NYSE: STP) down 11%
First Solar (Nasdaq: FSLR) down 9%
LDK Solar (NYSE: LDK) down 7%
Canadian Solar Inc. (Nasdaq: CSIQ) down 5%
Renesola (NYSE: SOL) down 1%
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Looking around the sector today and the carnage is easy to see:
JA Solar (Nasdaq: JASO) down 14%
Trina Solar (NYSE: TSL) down 12%
Yingli Green (NYSE: YGE) down 11%
Suntech Power (NYSE: STP) down 11%
First Solar (Nasdaq: FSLR) down 9%
LDK Solar (NYSE: LDK) down 7%
Canadian Solar Inc. (Nasdaq: CSIQ) down 5%
Renesola (NYSE: SOL) down 1%
Get immediate access to market moving news and alerts with StreetInsider.com Premium - FREE TRIAL!
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