The spot price of polysilicon (chief raw ingredient for solar panels) has dropped more than 33% this quarter to a six-year low, as firms get rid of stockpiles at cost or below amid slashed subsidies in Europe. The drop may benefit Chinese firms like JinkoSolar (JKS -4%) and Trina Solar (TSL +1%), but Arizona's First Solar (FSLR +3.2%) uses a different raw material and may feel margin pressure.
The spot price of polysilicon (chief raw ingredient for solar panels) has dropped more than 33%...
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