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02/26/2009 06:02 AM     print story email story  

Despite '08 Profits, Top Solar Companies Warn of '09

SustainableBusiness.com News

Despite continued growth through the end of 2008, several of the top solar companies in the world delivered warnings about the near-term prospects of the industry this week when releasing quarterly and year-end reports.

Q-Cells (QCE.DE) reduced its guidance for 2009 sales for the second time since December. 

First Solar (NASQAQ: FSLR) maintained its revenue guidance but went to lengths to detail the many risks that could negatively affect business in the coming year.

"They painted a pretty somber picture," ThinkEquity analyst Jonathan Hoopes told Reuters, concerning First Solar's conference call. "This was a very cautious outlook, so while they maintained it, they did so with all the proper hedges."

Read extended Reuters coverage at the link below.

Website: http://planetark.org/wen/51795



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