Writedowns push Q-Cells into heavy Q2 loss

FRANKFURT (Reuters) - Plunging prices for solar cells and writedowns on its plants and inventories led German solar company Q-Cells to reveal a gigantic loss in the second quarter, sending its shares...

FRANKFURT (Reuters) - Plunging prices for solar cells and writedowns on its plants and inventories led German solar company Q-Cells to reveal a gigantic loss in the second quarter, sending its shares tumbling.

"We've been hit very hard by the market environment," Chief Executive Nedim Cen said in a conference call on Wednesday, pointing to weak demand in Germany, the world's No.1 solar market, and resulting low capacity utilisation.

SOURCE

More