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