China Sunenergy (CSUN: 2.42 0.00 0.00%) 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.
