Featured in Solar America – 06-2010

Effects of the euro slide

Ardour solar index: The solar sector is under heavy pressure in the wake of European turbulence.

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07 Sep 2010

The Ardour Solar Index (SOLRX) fell a whopping 21.4 percent in April. Despite broadly strong 1Q10 results and a confirmed bright outlook for 2Q10, investors hammered key solar stocks due to the sector’s sizable exposure to the declining euro. Solar stocks largely underperformed lead indexes such as the S&P and TecDax, which dropped 8.3 percent …

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