Despite '08 Profits, Top Solar Companies Warn of '09

Published on: February 26, 2009

Despite continued growth through the end of 2008, several of the top
solar companies in the world delivered warnings about the near-term
prospects of the industry this week when releasing quarterly and
year-end reports.

Q-Cells (QCE.DE) reduced its guidance for 2009 sales for the second time since December. 

First Solar
(NASQAQ: FSLR) maintained its revenue guidance but went to lengths to
detail the many risks that could negatively affect business in the
coming year.

"They painted a pretty somber picture," ThinkEquity analyst Jonathan
Hoopes told Reuters, concerning First Solar’s conference call. "This
was a very cautious outlook, so while they maintained it, they did so
with all the proper hedges."

Read extended Reuters coverage at the link below.

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