According to Benzinga, Hapoalim Securities sees flat worldwide demand for solar in 2011 at around 15GW. Due to changes to incentives they see significant drops in Germany and the Czech Republic, but some growth in Italy, US, Japan and China. However, they don’t see growth in those countries offsetting the declines in Germany and Czech. It’s been a rough couple weeks for most solar stocks and the declines continue today. Taking a look at … Read the rest
Tag Archives: solar etf
Wedge Partners Says China Solar Companies Slowing Production
According to Barrons, Wedge Partners was out with a research note this morning saying that the China based solar companies are slowing production in anticipation of falling demand and prices.
Some highlights:
– Suntech (STP) is laying off about 10% of its employees, idled half its production lines and shelved plans to expand to 1.2GW by the end of the year
– JA Solar (JASO) is seeing customer orders down drastically and half of its … Read the rest