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Solar results reflect strong demand; shares slip

Tue, 05/11/2010 - 5:26pm
Reuters

FRANKFURT/LOS ANGELES (Reuters) - U.S. solar company SunPower posted a weaker-than-expected quarterly profit on Tuesday, while German solar companies and a Chinese rival benefited from brisk demand for the renewable energy source.

But solar stocks fell across the board as good results were not good enough for investors expecting blowout sales numbers, and looming cuts in Germany's industry subsidies weighed on expectations.

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