China Sunenergy (CSUN: 4.29 +0.07 +1.66%) 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.
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