Seeking Alpha

Suntech Power (STP -2.9%), which is able to limit the impact of U.S. import tariffs on Chinese...

Suntech Power (STP -2.9%), which is able to limit the impact of U.S. import tariffs on Chinese solar modules thanks to its domestic ops, says it raised prices by 1%-2% as many Chinese peer dropped out of the market. The company adds it expects its U.S. production costs to fall 10%-15% between now and the end of the year. While Euro solar demand has weakened, U.S. demand has remained strong, though that hasn't done much yet to create a bottom for plunging solar module prices.
Comments (2)
  • ProfCD
    , contributor
    Comments (5) | Send Message
     
    Solar Photovoltaic power is a scam and will never ever be close to being competitive with conventional power generated by natural gas, clean coal, waste biomass, oil shale or tar sands. In fact what to do with solar photovoltaic power junk will be a problem once we have Obama out of office.
    Professor Clyde DeVore
    14 Jun 2012, 02:38 AM Reply Like
  • mpon
    , contributor
    Comments (7) | Send Message
     
    If it's such a scam, why are the Chinese putting so much capital into it?
    14 Jun 2012, 10:42 PM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs