China Sunenergy (CSUN: 4.1201 +0.25%) reported a larger-than-expected quarterly loss today.
“China Sunergy has faced the same unprecedented and volatile environment as many of our peers across the solar sector, as a result of the ongoing global financial crisis.”
The global slowdown is a problem but not as much as $40 oil. I’ve repeatedly warned to stay away from solar power stocks because of that.
China Sunenergy, by the way, is down by more than 50% so far in 2009.
Related Posts
- Chinese solar company IPO (07/22/08)
- China to build world’s largest solar plant (01/02/09)
- Nuclear power in Asia (06/09/08)
- Power usage climbs in China (10/15/09)
- Chinese solar stocks get pounded (08/26/08)
