Q-Cells shares losing in value rapidly amid harsh market conditions

(ADPnews) - Jun 28, 2011 - The shares of German photovoltaic (PV) cell producer Q-Cells (ETR:QCE) have slumped by more than 50% since March 2011 due to the weak first-quarter performance and bleak market prospects.

The development of the PV market in Germany is hard to forecast, which creates uncertainty among investors, analysts commented. Although the government gave up its plans to reduce solar feed-in tariffs from July 1, the market is still gloomy. In the analysts' view, Q-Cells' readiness to participate in mergers reflects the difficult situation in which the company is.

In Tuesday's trading, Q-Cells' shares developed contrary to the trend of the past months and had gained 8.51% to EUR 1.41 by 1400 CET on the Frankfurt Stock Exchange.

(EUR 1.0 = USD 1.428)

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