Solarhybrid Drops on German Subsidy Cut Plans: Frankfurt Mover
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Solarhybrid AG, a German developer of solar energy projects, fell to its lowest value in two years in Frankfurt trading on government plans to eliminate support for large-scale solar power plants.
Solarhybrid fell 13 percent to 4.19 euros a share, its third day of losses and the lowest closing price since March 3, 2010, after Germany’s Environment Minister Norbert Roettgen said last week he plans to eliminate state support for solar plants bigger than 10 megawatts after July 1.