Rationalization
Ardour Solar Index: Industry heavyweights join the consolidation parade. The sector remains out of favor as fundamentals drag.
In April, the Ardour Solar Index slid 13% on more consolidation news despite indications of strong demand in the German market. Two U.S.-based solar heavyweights, First Solar and SunPower announced capacity consolidation in order to focus on cost reduction initiatives. These developments were on the heels of the announcement that erstwhile industry leader, Q-Cells, filed …
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