STOCKS NEWS EUROPE-German solars seen lower on First Solar

Thu Oct 29, 2009 3:11am EDT
 
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Shares in German solar companies are seen lower after U.S. bellwether First Solar (FSLR.O) reported quarterly sales far below Wall Street's view, giving an outlook showing competition was hurting prices.

"Not the best read-across for German peers," a Frankfurt-based trader says.

Shares in German solar companies Conergy (CGYG.DE), Q-Cells (QCEG.DE), SolarWorld (SWVG.DE) and Solon (SOOG.DE) are indicated 1 to 6 percent lower, according to pre-market data from brokers. For more double click on [ID:nN28320000]

Reuters Messaging rm://christoph.steitz.reuters.com@reuters.net

 

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