STR Holdings Comments on Fourth Quarter 2011 Results

From the press release:

STR Holdings announced that revenue is projected to approximate $36.5 million for the fourth quarter of 2011... below the Company’s guidance of $44 to $48 million.

“Although the solar industry appears to have temporarily benefitted from strong German installations in December, we believe that most of this demand was satisfied from existing module inventory,” said Barry A. Morris, Executive Vice President and Chief Financial Officer.

Bearish.