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Shares of solar energy companies finished lower on Monday, and a report on Barron's Online said that SunPower(SPWRA Quote) would be negatively impacted by aggressive pricing from Suntech Power(STP Quote).
Mehdi Hosseini of Friedman Billings Ramsey wrote that "continued weakness in end-market demand, uncertainties associated with the business model for both SPWRA and First Solar(FSLR Quote) and increased downside risk to company management guidance/consensus estimates are keeping us on the sidelines and actually have us incrementally more cautious into Q1 earnings."
Sunpower finished down 8.4% to $24.23. Suntech closed down 13.1% to $12.82. First Solar was down 3.7% to $138.48. ...
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