It may be sunny outside but a warning from German solar cell maker Q-Cells has taken the shine off shares in the sector.
Q-Cells reported a fall in second quarter revenues and income, warned of tough conditions for the rest of the year and said it was not in a position to make any forecasts for the full year. The main problem is falling prices for solar cells due to oversupply.
The news has sent shares in PV Crystalox Solar - which supplies silicon wafers to solar cell makers - tumbling 3p to 76.5p, a near 4% decline. PV Crystalox fell sharply in May when it issued its own warning on revenues.
