London: Q -Cells gave investors a fright by indicating that any sales growth this year may be offset by tumbling prices. It again refused to offer earnings guidance for 2011 due to the shifting sands of European subsidy regimes. Having seen 2010 sales rise by 70% to €1.35bn ($1.9bn) on another record-breaking year for German installations and a riptide of fourth-quarter demand in Italy, Q-Cells expects sales to be flat in 2011.
Although
