Shares of solar energy companies finished lower on Monday, and a report on
( SPWRA) would be negatively impacted by aggressive pricing from
Mehdi Hosseini of Friedman Billings Ramsey
"continued weakness in end-market demand, uncertainties associated with the business model for both SPWRA and
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.
was down 3.1% to $12. Trina, which manufactures solar photovoltaic products, on Monday said it had entered into three sales agreements with customers in Germany for the delivery of about 42 megawatts of photovoltaic modules in 2009.
"We expect to capture more market share in both established and emerging PV markets, such as Australia, the Benelux market, China, France, Greece, Korea and the United States," said Arturo Herrero, vice president of sales and marketing at the Changzhou, China-based company.
was down 11.5% to $5.72.
was off 7.5% to $2.61.
Energy Conversion Devices
( ENER) was off 9.8% to $14.26.
was lower by 10.6% to $3.05.
was down 13.1% to $7.29.
( SOLF) was down 11.9% to $3.93.
Green Plains Renewable Energy
was off by 1.5% to $2.
Yingli Green Energy
closed down 13.7% to $6.05.
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