On a day when Suntech's creditors have filed for bankruptcy proceedings to commence, U.S. solar...
On a day when Suntech's creditors have filed for bankruptcy proceedings to commence, U.S. solar plays First Solar (FSLR +6%), SunPower (SPWR +5.1%), and MEMC (WFR +4.3%) are up strongly. The fact the Chinese government now appears willing to let local manufacturers go under (previous) could be fueling hopes of a more stable/rational pricing environment. On the flip side, the government's plans to cut solar subsidies stand to hurt local demand.
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