US Solar Firms Look to Gain Market Share From Chinese Manufacturers
13 Diciembre 2011 - 7:16AM
Marketwired
Chinese Solar firms have had a difficult time maintaining margins
this year as a glut of competitors and dropping demand has forced
manufacturers to slash prices to maintain market share. Meanwhile
U.S. solar companies continue to protest what they consider unfair
trade practices in China's solar energy sector. The Paragon Report
examines investing opportunities in the Solar Industry and provides
equity research on Energy Conversion Devices, Inc. (NASDAQ: ENER)
and LDK Solar Co. (NYSE: LDK). Access to the full company reports
can be found at:
www.paragonreport.com/ENER
www.paragonreport.com/LDK
A recent report from Bloomberg says that losses for China's
largest solar manufacturers may continue into the New Year "as
declining shipments prompt them to slash prices and liquidate
inventory." Hari Chandra Polavarapu, an analyst at Auriga USA in
New York, says there are too many Chinese solar companies, forcing
firms to cut prices. "China's strongest manufacturers are
sacrificing profitability because the weakest players still exist,"
Polavarapu finds.
The Paragon Report provides investors with an excellent first
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consolidating the public information available on them. For more
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Earlier this month a U.S. trade panel approved an investigation
into charges of unfair Chinese trade practices in the solar energy
sector, setting the stage for possible steep U.S. duties. The
approval allows The Commerce Department to continue an
investigation into whether the Chinese government provides illegal
subsidies for its solar energy sector and whether Chinese companies
are selling solar cells and panels in the United States at unfairly
low prices, Reuters reports.
China's Commerce Ministry said in a statement on its website
that these protectionism measures would hurt bilateral trade and
jeopardize mutual cooperation on new energy issues. "China is
deeply concerned with the decision, which does not tally with facts
and highlights the United States' strong tendency for trade
protectionism," the ministry said.
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that all investment entails inherent risks. Please view the full
disclaimer at http://www.paragonreport.com/disclaimer
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