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As investors pile into risk assets, First Solar (FSLR +7.7%) is leading a rally in solar stocks...

As investors pile into risk assets, First Solar (FSLR +7.7%) is leading a rally in solar stocks (TAN +3.4%). Shares had fallen 89% over the prior 12 months as of yesterday's close. The rally comes even as the head of a French trade association warns solar vendors hold a year's worth of inventory, raising the prospect of widespread bankruptcies and consolidation. He adds panel demand might grow 18% in 2012 to 32GW, growth that will be more than offset by price declines. (previous)
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