At least two solar companies have pulled plans for initial public offerings in recent weeks, further evidence of the uncertain investment climate in the sector despite a strong earnings report from bellwether First Solar on Wednesday.

Nitol Solar, a Russian company that processes silicon for the solar industry, on Thursday pulled its planned listing on the London Stock Exchange, according to Thomson Financial News. Chinese silicon ingot maker Solargiga beat the Russian company to the punch pulling its planned listing in Hong Kong in the last week of January.

Source: Red Herring