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STOCKS NEWS EUROPE-German solars down, subsidy cuts eyed

Thu Oct 1, 2009 4:22am EDT

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Shares in Q-Cells (QCEG.DE) fall 3.3 percent, the biggest fallers among weak solar energy stocks after Germany's Free Democrats (FDP), the designated coalition partner in a new centre-right government with Chancellor Angela Merkel's conservatives, take aim at the country's state aid for solar energy.

State support for photovoltaic energy has to take "a more measured approach", business daily Handelsblatt cites FDP energy expert Gudrun Kopp as saying. [ID:L1456736]

"The subsidy cut talks are normal, but will surely not help support solars," says a Frankfurt-based trader.

In addition to Q-Cells, peer Solarworld (SWVG.DE) is 3 percent lower, SMA Solar (S92G.DE) is down 1.4 percent, Phoenix Solar (PS4G.DE) surrenders 2.9 percent, and Centrotherm (CTNG.DE) is down 2 percent.

For more double click on [ID:nL1456736]

Reuters Messaging rm://tyler.sitte.thomsonreuters.com@reuters.net


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