Germany's TecDAX breaks up with Q-Cells after six years

Q-Cells has been ejected from Germany’s TecDAX stock index due to its ever-lower market capitalisation, capping a stunning fall from grace for a company that has come to define both the rise and decline of Germany’s PV manufacturing sector.

The TecDAX tracks the performance of the 30 largest technology companies listed on Germany’s Frankfurt Stock Exchange. It has seen a number of solar companies come and go over the years – including Q-Cells rival Conergy, which was given the boot last year.

The index, which is adjusted every three months, still includes SolarWorld, SMA Solar and Centrotherm – in addition to German wind turbine maker Nordex.

Founded in 1999, Q-Cells went public in October 2005 – and was listed on the TecDAX just two months later.

Q-Cells ended 2006 with a…

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