Suntech, Trina Lead Solar Stocks Down on German Subsidy Cuts

By Christopher Martin - Jan 19, 2012 2:16 PM ET

Solar companies including Suntech Power Holdings Co. (STP), Trina Solar Ltd. (TSL) and First Solar Inc. (FSLR) fell in New York trading after Germany said it will make monthly subsidy cuts to slow demand for panels in the country, the world’s largest market.

Suntech, the biggest solar-panel maker, fell 12 percent to $3.27 at 1:59 p.m. Trina dropped 14 percent to $8.42 and First Solar, the biggest thin-film solar company, declined 9.3 percent to $39.01. They helped drag down the Bloomberg Global Leaders Solar Index (BLGS) of 37 companies, which slipped 3.1 percent after earlier climbing as much as 2.9 percent.

Germany Environment Minister Norbert Roettgen today said the country will cut its feed-in tariffs, or premium rates for electricity from solar energy, monthly instead of the current twice a year. Germany added a record 7.5 gigawatts of solar panels last year, more than double the government’s target.

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• 买太阳能不如买银行股. 很多公司不知何时能挣钱. -playForever- ♂ (0 bytes) () 01/19/2012 postreply 12:40:29