Solar Stocks Plunged in After Hours (FSLR, TSL, LDK, ENER, YGE, TAN)
October 28, 2009 7:43 PM
In the After Hours Solar Stocks came under deep selling pressure after FSLR reported revenue which failed the estimations by wide margin.
First Solar, Inc. (NASDAQ: FSLR) plunged 15.50% to $128.30 after it reported a third-quarter EPS of $1.79, 6 cents better than the analyst estimate of $1.73 but Revenue for the quarter was $480 million failed to met the estimate of $528.78 million.
Trina Solar Limited (ADR) (NYSE: TSL) plunged 3.68% to $31.12. LDK Solar Co., Ltd. (NYSE: LDK) fell 2.27% to $6.88.
Energy Conversion Devices, Inc. (NASDAQ: ENER) dropped 3.50% to $11.07 and Yingli Green Energy Hold. Co. Ltd. (ADR) (NYSE: YGE) slipped 2.68% to $11.25.
Also Most of the top solar based ETF followed the same trend. Claymore/MAC Global Solar Index (ETF) (NYSE: TAN) plunged 4.68%
