(Reuters) - U.S. solar company Energy Conversion Devices posted a wider fourth-quarter loss hurt by higher costs and subsidy cuts in Germany and Italy -- the solar market's two biggest markets.
For the fourth quarter, the Michigan-based company posted a net loss of $42.1 million, or 84 cents a share, from $20.9 million, or 49 cents a share, last year.
Revenue at the company, which cut a fifth of its workforce in May, fell 15 percent to $73.1 million.