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MEMC's (WFR -13.4%) soft guidance and a report the Wuxi, China government will take control of...

  • Wednesday, March 13, 4:02 PM ET
    MEMC's (WFR -13.4%) soft guidance and a report the Wuxi, China government will take control of Suntech (STP -23.6%) ignited a solar selloff (TAN -5%). LDK (LDK -12.7%), whose financial position is arguably only a little better than Suntech's, was especially hard-hit, but ReneSola (SOL -5.3%), Yingli (YGE -3.4%), Trina (TSL -3.5%), SunPower (SPWR -2.7%), and First Solar (FSLR -2%) also saw losses.
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This news story has 5 comments:

  •  
    A typical over-reactive market for solar industry. Nothing more! It will back up soon...
    13 Mar, 05:19 PM Reply Like
  •  
    I think that this was a widely anticipated event and will prove positive for the solar industry in the near future.
    13 Mar, 09:05 PM Reply Like
  •  
    Solyndra was the tip of the iceberg.
    13 Mar, 09:17 PM Reply Like
  •  
    Less competition = good news. Let the fittest win.
    14 Mar, 08:57 AM Reply Like
  •  
    A long overdue correction in some of these solar high-fliers. Triple-digit gains in three months for stocks like RSOL, DQ and SPWR is not sustainable. Hopefully a sawtooth in what should be a painful, but ultimately steadily rising sector.
    14 Mar, 09:36 AM Reply Like
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