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Solar: Panic Sets In as Demand Crumbles

An early plunge in JA Solar today set off a widespread loss across the industry. Analysts expect solar companies to miss forward earnings expectations at the very least. In a post-earnings conference call, Mehdi Hosseini of Friedman Billings Ramsey characterized the mood in the industry as “near-panic.” Almost every major solar stock suffered double-digit percentage losses today.

Voices

Solar Shares Collapsing; Where's the Bottom?

As far as I can tell, the sun is operating normally. But you might think otherwise judging from this week’s action in solar stocks. The sector, which suffered considerable losses yesterday, today went into freefall, with many names in the sector suffering losses of more than 10 percent. Exactly why investors decided to bail on the stocks today is unclear, but there are a number of factors that appear to be contributing to the current solar scare.