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Comparative Analysis of Q2 2011 Financial Performance of Key Solar PV Players
GlobalData, Sep 2011, Pages: 10
Comparative Analysis of Q2 2011 Financial Performance of Key Solar PV Players
Summary
With the surge in low-cost Chinese solar PV equipment providers, the global solar PV market has become an oversupplied. The analysis of Q2 financials of leading solar PV companies indicates the impact of this oversupply scenario. Companies have been struggling to remain profitable as finding market for their PV modules is becoming difficult. Moreover, companies that could increase shipments have not been able to translate this growth into similar growth in revenues owing to substantial decline in module prices. Companies such as QCells, Canadian Solar, SunPower, Yingli Solar and Trina Solar have been able to register growth in revenues in Q2 2011 compared to Q1 2011. However, companies such as First Solar, Suntech, JA Solar, Hanwha Solar One and China Sunergy have not been able to register increased revenues over previous quarter. The gross profit margins for the companies have remained on lower side with JA Solarregistering a negative gross profit margin.
Scope
Its scope includes -
- Financial comparison for Q2 2011 for key Solar PV equipment companies, Key financials of the following companies
- Canadian Solar Inc.
- China Sunergy Co., Ltd.
- First Solar, Inc.
- Hanwha SolarOne Co., Ltd.
- JA Solar Holdings Co., Ltd.
- Q-Cells SE
- SunPower Corporation
- Suntech Power Holdings Co., Ltd.
- Trina Solar Limited
- Yingli Green Energy Holding Company Limited
Reasons to buy
- It provides financial performance of solar PV equipment provider companies in Q2 2011 providing a good representation on the margins and operational parameters of companies and their comparison with previous quarter as well as Q2 of last year.
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