source:: http://www.reuters.com/article/marketsNews/idINL352722320080903?rpc=44
SunPower (SPWR) shares are trading sharply lower after CEO Thomas Werner said he expects prices for solar panels to drop by 10%-20% next year. Werner made the comment in an interview with Reuters at a solar conference in Valencia, Spain.
That forecast is consistent with Cowen analyst Robert Stone’s prediction last week that prices next year will be down 10%-15%.
SPWR today is down $5.18, or 5.7%, to $85.96.
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