October 19, 2011 (Chinavestor) Four out of the ten biggest losers by 1:00 P.M. today came from the solar sector. Yingli Green Energy (NYSE:YGE) led the declline followed by Trina Solar (NYSE:TSL) and Suntech Power (NYSE:STP).
The reason behind such a broad decline is the uncertainty surrounding Europe's finances. Europe is the largest export market for Chinese solar makers, making up as much as 40% of sales.
Suntech Power (NYSE:STP) is going to report Q3 numbers between November 14-18. Yingli Green Energy (NYSE:YGE) will report a week after STP and Trina Solar (NYSE:TSL) will follow YGE a week later.
Until then, investors have to prepare for a bumpy ride.