Caution in the air
Guggenheim Solar Index: Anticipated slowdown in the Chinese market, post-peak years on the cards for Japan, and with many U.S. developers viewing the ITC extension as a bit of breathing space, solar stocks have begun to slide.
Solar stocks had significantly underperformed the broader market by mid-August due to poor earnings and a bleak outlook from solar bellwethers. This weakness was well anticipated given the commentary emanating from the large summer solar exhibitions, namely SNEC and Intersolar Munich/SF. China H2 16 is down significantly from H1 16, Japan will slowly decline over the next …
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