Solarfun, GT Solar Shares Slide on Pricing Expectations

The mood in the solar stock sector today might best be described as dark green. Shares in Qidong, China-based Solarfun posted financial earnings that were ahead of analyst expectations, but the shares dived as much as 11 percent percent on concern that prices for its photovoltaic cells and modules will decline as much as 10 percent next year. That followed another earnings report Tuesday from Nasdaq newbie GT Solar, which saw revenue more than triple to $57 million in its most recent quarter.