Solar Stocks Extend Sell Off on Concerns Over Spain

The sell-off in the solar sector continues today, due largely to ongoing concerns about a proposal for a sharp reduction in solar subsidies in Spain.

As I noted yesterday, the Spanish government is considering a proposal which would put a 300 MW cap on subsidized solar installations, with a reduction in the subsidy to 33 Euro cents per kilowatt-hour for roof-top installations, and 29 cents for ground-based systems. That would be down from about 45 cents now.

Several analysts weighed in on the issue this morning.

Read the rest of this post