SAG Solarstrom - a solar stock from Germany - has blamed project realisation delays in Spain and Italy and sluggish demand in Germany reducing margins for a still sizeable Q3 sales figure of EUR 60 m.

The company CFO did say however that "In the period from July to September, we managed to reduce costs by approx. 15% by comparison with the first two quarters".

Breaking out of the cosy high-margin home market is a big challenge for German solar companies. To the best of my knowledge, none of them have done it yet - in scale.