A very interesting piece here by J. Peter Lynch - Solar Stocks plummet on market turmoil - (not THE Peter Lynch of Fidelity). J. Peter believes that solar stocks were ". . . over bought at the time the market woke up to the potential problems in the sub-prime and other credit markets. The combination of a rapidly falling market and an over extended solar market sector was not a pretty sight."

Meanwhile, China Sunergy, has just posted a Q2 loss, with one analyst citing the global supply crunch of polysilicon as the main cause for the loss of $3.8 million, or 14 cents per ADS, after paying dividends to preferential stock holders.

A quick glance at the solar universe, suggests that solar stocks listed outside of America - the other 60% - are holding up pretty well. Europe's solar cheerleader, Renewable Energy Corp, can point to second-quarter profits ahead of expectations at both the pretax and operating levels.