Gabelli’s Segrich Shorts JA Solar as Italy Plans to Cut Subsidy
This article is for subscribers only.
Gabelli & Co. fund manager John Segrich said he has shorted JA Solar Holdings Co. and Power-One Inc. as Italy and Germany plan cuts to solar-power subsidies.
Segrich, who didn´t disclose how much borrowed stock he sold, said some of the best markets for their products have too much supply. Shanghai-based JA Solar makes solar cells, and Power-One of California is the second-largest manufacturer of solar-power inverters, according to the company’s website.