European firm REC writes off $1.2B as competition from Chinese companies and falling prices on...

|By:, SA News Editor

European firm REC writes off $1.2B as competition from Chinese companies and falling prices on wafers increasingly threatens the solar industry. Analysts see a shakeout beginning, with possible consolidation down the road. Unperturbed solar gainers: FSLR +1.4%, YGE +3.7%, LDK +2.3%, TSL +3.1%, JASO +2.5%.