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Solar stocks are feeling some heat Tuesday from a June quarter warning by the German solar products provider Q-Cells (QCE.F).

“The prolonged weak development of the global photovoltaics markets has continued to negatively impact the business development of Q-Cells in the second quarter,” the company said in a statement. “The seasonal market upturn which the industry had been anticipating to start in the second quarter has broadly not materialized for Q-Cells as yet.”

The company sees Q2 revenue of 142 million Euros, down from 225 million in Q1, with a loss of 62 million Euros, down from a profit of 15 million. Q-Cells said the weak results reflect “lower sales volumes, the postponement of a large scale project to the third quarter and the continued downward trend in solar cell prices.”

Q-Cells also said that given “it will not be possible” to hit its previous full year revenue and production targets.

In trading in Frankfurt, Q-Cells shares fell 15.5%.

Among other solar stocks:

  • First Solar (NASDAQ:FSLR) is down $5.09, or 3.5%, to $140.70.
  • SunPower (SPWRA) is down 85 cents, or 3.7%, to $22.30.
  • Suntech (NYSE:STP) is down 24 cents, or 1.6%, to $14.68.
  • Yingli (NYSE:YGE) is down 53 cents, or 4.9%, to $10.25.

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Source: Solar Sector Hit by Warning from Germany’s Q-Cells