S&P 500
7,543.60
-0.08%
Dow Jones
52,512.70
+0.00%
Nasdaq 100
29,717.90
-0.11%
Russell 2000
2,987.26
-0.11%
FTSE 100
10,485.00
+0.05%
Nikkei 225
69,379.70
+0.51%

Energy

Solar Panel Prices Continue Free Fall (FSLR, TSL, LDK, STP, HSOL)

Photo of Paul Ausick
By Paul Ausick Published

Invalid Image
Prices for solar PV panels have continued to slide this year, dropping to $0.80-$0.85/watt, a decline of -10% on top of the the -50% drop in panel prices last year. Many of the Chinese solar PV panel makers over-built manufacturing capacity in the past 18 months, leading to a glut of supply.

A report from Reuters cites one analyst as saying that solar makers are essentially conducting going-out-of-business sales. First Solar Inc. (NASDAQ: FSLR), Trina Solar Ltd. (NYSE: TSL), LDK Solar Co. Ltd. (NYSE: LDK), Suntech Power Holdings Co. Ltd. (NYSE: STP), and Hanwha SolarOne Co. Ltd. (NASDAQ: HSOL) are among the hardest hit.

Share prices are tumbling again today. First Solar is down about -4.2% at $21.07 in a 52-week range of $20.01-$145.16. Trina is down about -1% at $6.64 in a 52-week range of $5.28-$30.10. LDK is down -5.4% at $3.17 in a 52-week range of $2.55-$11.63. Suntech is down -3.2% at $2.71 in a 52-week range of $1.70-$9.50, and Hanwha SolarOne is down -4.7% at $1.21 in a 52-week range of $0.91-$7.05.

Paul Ausick

Contact [email protected] for any questions or corrections.

Follow 24/7 Wall St. on Google
Photo of Paul Ausick
About the Author Paul Ausick →

Paul Ausick has been writing for 247Wallst.com for more than a decade. He has written extensively on investing in the energy, defense, and technology sectors. In a previous life, he wrote technical documentation and managed a marketing communications group in Silicon Valley.

He has a bachelor's degree in English from the University of Chicago and now lives in Montana, where he fishes for trout in the summer and stays inside during the winter.

Continue Reading

Paul Ausick |

Some Sun Shines on Chinese Solar Companies (STP, YGE, TSL, CSIQ, HSOL, FSLR, SPWR, TAN)

Even though solar PV stocks have plunged over the last 18 months, there is a ray of hope in the…

Paul Ausick |

Trina Solar Posts Loss, Outlook Grim (TSL, YGE, HSOL, STP)

Chinese solar panel maker Trina Solar Ltd. (NYSE: TSL) posted a larger-than-expected net loss today and dragged down other Chinese…

Paul Ausick |

Solar Stocks Clawing Back Up (FSLR, HSOL, SPWR, STP, TSL, LDK)

Energy stocks were generally higher yesterday as shares reacted positively to China’s latest stimulus package and the expectations for more.…

Paul Ausick |

Short Interest Moves in Solar Stocks

Short interest data is out from the July 13 settlement date. There were a few big changes with some key…

Paul Ausick |

Chinese Solar Dumping Gets Mild Penalty

Late yesterday the US Department of Commerce released its preliminary findings in the anti-dumping case against Chinese solar panel makers.…

Paul Ausick |

Jump in Solar Stocks on Hopes for Higher Prices (JASO, JKS, HSOL, STP, YGE)

Most of China’s solar panel makers say large positive gains to share prices yesterday on reports that panel prices have…

Paul Ausick |

Chinese Solar Goal Lifts Sector Stocks

ThinkstockWhen the Chinese government’s National Development and Reform Commission announced yesterday that it will add 10,000 megawatts of solar capacity…

Paul Ausick |

SunPower, First Solar, Chinese Solar Makers Retrenching (SPWRA, FSLR, JASO, STP, TSL)

The train wreck more widely known as the solar sector may finally be adjusting to reality and trying to get…

Jon C. Ogg |

Accounting Troubles, Weak Demand Stifle China’s Solar Juggernaut (JASO, TSL, STP, YGE, LDK, FSLR, TAN)

Chinese solar PV makers are taking a few more lumps today as investors continue to shy away from a sector…

Top Gaining Stocks

Hewlett Packard Enterprise
HPE • Vol: 26,431,700
Norwegian Cruise Line
NCLH • Vol: 17,600,839
Lam Research
LRCX • Vol: 12,118,424
Invesco
IVZ • Vol: 4,557,369
AMD
AMD • Vol: 26,902,257

Top Losing Stocks

Coterra Energy
CTRA • Vol: 73,319,495
APA
APA • Vol: 4,400,255
New Pluto Global
PSKY • Vol: 18,873,941
Costco
COST • Vol: 4,545,300
Cincinnati Financial
CINF • Vol: 2,196,176