FIT cuts and weak results
Ardour Solar Index: Volume growth continues, but margins remain thin. Outlook for 2012 remains weak.
In February, the Ardour Solar Index fell four percent on accelerated subsidy cuts, cautious 2012 outlooks from key players and more industry consolidation headlines. Throughout the month, several industry heavyweights reported lackluster 4Q11 results, which included asset write-downs, more pricing pressure and weak 2012 margin outlooks. However, despite a tepid margin outlook, most component manufacturers …
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