BP Plc is exiting the solar business after 40 years, countering a trend led by Google Inc., Warren Buffett and Total SA of investing in the industry just as competition drives down the cost of sun-based power.
The Hemlock Semiconductor Group, the world’s biggest maker of polysilicon, is increasing production as a glut for the material used in semiconductors and solar cells pushes down prices to the lowest since 2003.
SunPower Corp., the second-biggest U.S. maker of solar panels, tumbled 2.6 percent in 131 seconds today, about an hour before the shares were halted and the company reported worse-than-estimated results.
General Electric Co. plans to build its first thin-film solar factory in Colorado after months of negotiations with at least two states that wanted the $300 million plant and the 350 full-time jobs it will require.
GCL-Poly Energy Holdings Ltd. , China’s largest polysilicon maker, said operations are normal, production and sales are on schedule and expansion is going smoothly, and it can’t explain its falling share price.
Grupo T-Solar Global SA and Renovalia Energy SA may pay down debt through initial stock sales, reducing credit risk accumulated in becoming the world’s largest and third-largest power producers from solar panels.