U.S. Solar Stocks Knocked by German Demand Fears
REUTERS - U.S.-listed solar shares sank on Monday, cutting into gains earlier this month as investors feared Germany's new coalition government could trim support for the industry.
Shares of First Solar Inc, Suntech Power, Yingli Green Energy and LDK Solar Co Ltd all slipped 2 to 3.5 percent as Germany, the world's largest renewable energy market, prepared for the Free Democrats to join Chancellor Angela Merkel's conservatives in a governing coalition.
The Free Democrats (FDP), who have called for reduced solar supports, are expected to replace the Social Democrats (SPD).
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