Thursday, May 24th, 2018

Chinese solar companies look homeward to boost shipments

(Reuters) – Money-losing Chinese solar panel makers Yingli Green Energy Holding Co and JA Solar Holdings Co Ltd are increasing shipments at home to make up for weak sales in western markets, further risking profitability for growth. Panel prices are the lowest in China, but companies there are cutting prices to gain share in a market that is expected to be one of the largest next year due to government incentives. “The pricing in China is some of the most cost competitive right now,” said Avian Securities analyst Mark Bachman. “So it doesn’t help gross margins to ship products into China. …

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