Centrotherm Plunges After Insurers Halt Cover: Frankfurt Mover
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Centrotherm Photovoltaics AG, a German maker of machines for the solar-power industry, slumped to a record in Frankfurt trading after insurers cut off cover for deliveries because of a “poor market environment.”
Centrotherm plunged as much as 40 percent to 3.08 euros, the lowest since the shares first started trading in 2007. The shares were at 3.57 euros as of 9:50 a.m. local time.