Solar Stocks Hit As Germany To Cut Subsidies 17%, Possibly More In 2011

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02:31:35 pm on January 14, 2010

Solar stocks have been hit hard over the past hour as Reuters reported Germany would begin cutting subsidies by 16 – 17% in April.  German cuts have long been expected, but some had called for a 10% reduction later in the year, so this is a bit more than what some expected. Not to mention solar stocks (the China names in particular) have been on a tear, so any negative news was bound to throw them from the perch.  According to German government and industrial sources, more cuts could come in 2011.  This is great news for those that may have missed the initial run in the China solar plays. You may get a 2nd chance.

Trina Solar (TSL) and Canadian Solar (CSIQ) which have had the biggest runs, are getting hit the hardest down around 10%. 

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