Konarka Technologies, a developer of thin-film solar panels, has filed for bankruptcy and will begin to liquidate its assets immediately.
It was another underwhelming week for the stock markets, with the broad markets and broad clean energy indices all losing ground over the five days.
The only strongly positive clean energy sector was wind power and technology, with the EnergyBoom Wind Subindex (E•B Wind) increasing 1.35% and the First Trust Global Wind Energy ETF (FAN) climbing 0.90%. Biggest loser was the solar power and technology sector, with the EnergyBoom Solar Subindex (E•B Solar) falling 7.34% and the Guggenheim Solar ETF (TAN) dropping 6.27%.
The broad stock market indices all had lacklustre weeks, apparently bothered by ongoing worries about the Greek economy and a meeting of Euro-zone finance ministers scheduled for Monday. Nevertheless, the broader markets managed to outperform the clean energy and energy efficiency indices this week, with the biggest exception being the EnergyBoom Biofuel Subindex (E•B Biofuel) which ended the week up 2.48%.
EBOOM CAPITAL reported on Saturday that GT Solar International, Inc. (NASDAQ: SOLR) was the fourth best performing company in the EnergyBoom Clean 100 Index (E•B Clean 100) last week. Here are two other critical pieces of information about GT Solar.
First, the company’s shares have appreciated head and shoulders above other U.S.-based solar companies during 2010 -- up 43 percent so far this year. In fact, among the seven U.S. companies in the EnergyBoom Solar Subindex (E•B Solar), GT Solar is the only company in positive territory.