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Many solar stocks have plunged after rallying strongly last week (likely thanks to...

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)
Comments (1)
  • bill d
    , contributor
    Comments (1906) | Send Message
     
    What happened to all that cash TSL had? Apparently the destruction/purchase of FSLR will now have to be delayed somewhat.
    7 Jan 2013, 02:29 PM Reply Like
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