By Daily Crux Editor Brian Hunt:
A punch in the gut for the solar sector today: Q-Cells, the world's largest solar cell maker, just warned investors that it will report a horrid second quarter soon.
The company cites increased competition and difficulty getting financing for energy projects right now. One analyst commented, "We believe that investors’ confidence is now fully destroyed.”
Despite the giddy sentiment toward this sector, solar energy is a big loser if the economy struggles and energy prices stay low. The soggy earnings from the world's largest solar cell maker drives that point home.
Read full article...
More trading ideas:
5 stocks to short right now
These stocks will SOAR on good earnings
Emerging markets most expensive since pre-crash 2007 levels