Many solar stocks have plunged after rallying strongly last week (likely thanks to...
Jan 7 2013, 12:36 ET
Many solar stocks have plunged after rallying strongly last week (likely thanks to short-covering). Among the big losers: FSLR -6.7%. SPWR -9.1%. STP -13.9%. LDK -9.8%. CSUN -8%. SA's Richard Pearson offered a detailed bear argument for Trina (TSL -2.8%) today: he estimates the company has $14B in off-balance-sheet liabilities related to polysilicon purchase deals, and thinks it could become insolvent in 2013 thanks to its cash burn and $800M in near-term debt maturities. On a positive note, the French government has unveiled new solar subsidies. (Gordon Johnson)