LDK Solar (LDK) (SOL) (CSIQ) (PWER) (WFR) Pressured on Financing Uncertainty

Shares of LDK Solar (NYSE:LDK), Renesola (NYSE:SOL), Canadian Solar (NASDAQ:CSIQ), Power-One Inc (NASDAQ:PWER) and MEMC Electronic Materials, Inc. (NYSE:WFR) closed mixed Friday as the solar sector continues to be under immense pressure in relationship to financing concerns and legitimate demand.

With America facing its own sovereign debt crisis, masked by the seemingly endless amount of new money thrown at the economy by the Federal Reserve, the solar industry in the country is facing more uncertainty, as lawmakers look to make budget deals, which could cut financing from the U.S. Department of Energy for the sector.

That was after First Solar (FSLR) alleged they were told by the Department of Energy they were still being considered for financial assistance to construct three major solar plants in the country.

Funding challenges also face the international solar industry as many countries continue to struggle with the lack of capital to artificially prop up the industry.

It's widely known that the Italian has cut back on support for the solar industry, but German Chancellor Angela Merkel suggested on Friday the country needs to take a another look at feed-in tariffs again, saying they may be too high. Germany and Italy have been the two leading markets for solar.

A lot of focus has been on the removing of subsidies from the big oil companies, but in fact we need to have all energy subsidies removed across the board and the let the free market decide how it wants to produce and consume energy and electricity, not politicians.

LDK Solar closed Friday at $9.60, dropping $0.49, or 4.86 percent.