Subscribe RSSFirst Solar, for archetype, said in its most recent regulatory filing that it sold a majority of its solar modules in the first quarter to companies headquartered in Germany, France, Spain and Italy.
Any comrades doing big business in two of Europe's five so-called PIIGS nations is getting punished by investors right now. But the bigger involvement is that the problems in Europe won't lead to strict austerity measures just in Greece, Portugal and Spain.
Other more stinking rich E.U. nations like France and Germany may also be forced to cut back spending.
"Europe has traditionally been a subsidizer of many pure tech initiatives and with budgets under stress, expenses probably have to be tightened. That's a concern," said John Quealy, a sustainability analyst with Canaccord Genuity in Boston.
The other outflow tied to Europe that's affecting the entire alternative energy sector is that oil prices, which had been flirting with $90 a barrel not long ago, are now around $67.50.
