Solar ETFs Thumped by First Solar Guidance
December 14, 2011 at 16:20 PM EST
First Solar (NasdaqGS: FSLR), a major component in exchange traded funds tracking the solar energy industry, reduced its yearly sales and profit projection and cut its 2012 guidance after a drop in solar panel prices and diminished government subsidies. Guggenheim Solar (NYSEArca: TAN) was down...