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Solar stocks plunged along with the broader market Friday on continuing investor fears of a global recession.
GT Solar International [SOLR Loading... ()] dropped about 12 percent, while Evergreen Solar [ESLR Loading... ()] roughly 11 percent. Solarfun Power Holdings [SOLF Loading... ()] was down about 10 percent.
Other declining solar stocks included: First Solar [FSLR Loading... ()] which was down about 3 percent; JA Solar Holdings [JASO Loading... ()], which gave up more than 10 percent; Canadian Solar [CSIQ Loading... ()], down about 10 percent; Trina Solar [TSL Loading... ()], down more than 7 percent; and Suntech Power Holdings [STP Loading... ()], which was off more than 3 percent.
Jefferies International Ltd. analyst Michael McNamara said in a client note that the United States' eight-year extension of investment credits for solar energy has provided some optimism for the sector, but the prevailing perception is the U.S. is not likely to be a major growth market until 2010.
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Data is a real-time snapshot *Data is delayed at least 15 minutes