Clouds loom over solar companies (Investor's Business Daily)
04:28
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Solar stocks plunged for a second day after Credit Suisse downgraded the sector on oversupply fears. Industry stocks fell hard Tue. after Axiom Capital warned that solar panel makers will be hurt by overcapacity and a decline in gov't-based subsidies that had fueled earlier demand. Credit Suisse cut GT Solar (NMS:SOLR), First Solar (NMS:FSLR), Trina Solar (NYSE:TSL - News), ReneSola (NYSE:SOL - News) and Suntech Power (NYSE:STP - News). Those stocks all tumbled on Wed.
