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US solar panel makers turn away from utilities

Change in tax policy leads to slowdown in power plant deals, which may hit results
Friday, August 12, 2016 - 05:50
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SunPower Corp, the No 2 US panelmaker, said it expects to lose as much as US$175 million this year. It is closing a manufacturing plant in the Philippines and shifting focus to the rooftop market.

New York

THE top two US solar manufacturers are shifting away from the biggest domestic market because utilities aren't signing as many deals to buy electricity from their giant power plants.

SunPower Corp, the No 2 US panelmaker, said on Tuesday that it's turning its attention to