Solar stocks sink after SunTech warns on delays

SAN FRANCISCO (MarketWatch) — Shares of solar-panel makers plunged Thursday after SunTech Power Holdings warned on fourth-quarter sales, citing the euro’s fall vs. the U.S. dollar and customer-order delays due to trouble getting project financing. Shares of SunTech, a module-maker based in San Francisco and Wuxi, China, closed down 40%. Shares of Solarfun Power dropped 34%, LDK Solar fell 24%, JA Solar Holding lost 11% and First Solar shares tumbled 14%.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

More @ DollarDrops.com:Standard & Poor’s eyes some Bear Stearns ratings

S&P revises National City’s outlook to negative

CORRECT: S&P upgrades Wachovia, Sovereign and Capital One

Microsoft says it’s back in talks with Yahoo

U.S. stocks open mixed; techs rise on Microsoft/Yahoo talks

Original post by Forextvblog

This entry was posted on Thursday, November 20th, 2008 at 2:22 pm and is filed under Daily Forex Analysis. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.