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United States ushered in a listed Chinese solar stocks plunge - Solar energy - Solar Industry

By: frbiz


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After the first week of Chinese New Year, in the United States ushered in a Chinese solar stocks fell. Since the beginning of the change came the German subsidies, solar plate pessimism began to diffuse, and that a decline is directly related to the British investment bank Barclays Capital analyst VishalShah a pessimistic report. The famous solar energy analyst, said the German solar subsidy policy will be tightened this year. However, Deutsche Bank, U.S. investment analysts LazardCapital German-led EU countries to adopt policies to encourage use of solar energy subsidies, gave birth to the first wave of new Energy Investment. The picture shows the design and manufacture of Tianwei Yingli German company rooftop solar power works Kaiserslautern soccer. CFP

Markets such as analytical report released later that the cost advantage of Chinese manufacturing enterprises will help Chinese enterprises to enhance the share of the fierce price war. Deutsche Bank believes that the Chinese solar companies have cost advantages compared with European counterparts, the overall 30% -40%, the cost of a large number of upstream production of silicon under the profit squeeze is going through, it will benefit the Chinese solar module manufacturers. The stimulus in the downturn in investor nerves Deutsche Bank report said that if the solar module prices down 19% -24% this year, the Chinese solar manufacturers is still 21% -27% margin. Deutsche Bank raised, including the British interest, therefore, Changzhou Tianhe, China's Suntech solar energy companies, including several target price.

Sure enough, following the Canadian Solar announced positive results after the March 4 Suntech announced fourth quarter earnings results once again boosted the share prices of Chinese solar energy enterprises. China held in Beijing, "two sessions", new energy has become a hot topic, which makes the solar panel over the past month vigorously sought after by institutional investors. Wind information according to statistics, since February this year, and solar power related to the overall increase of 23 enterprises has reached 9.1%, which, sailing shares Marino solar and other gains of more than 15%, significantly higher than all the A shares of 5.18 % gain.

"The market is to pick up, shares rise, more and more government policy support will be solar energy market through subsidies." Yingli Green Energy Holding Company Chief Financial Officer Zong Wei seemed confident and smug. Domestic securities firms are also generally agreed that the development of new energy in the solar energy future is clearer, the current restructuring of the industry are positive factors in long-term development. Most brokers agree that this year the performance of solar photovoltaic industry increased more than 40%.

All of these optimistic expectations are based on a basic assumption: the Chinese consumer market will soon start the domestic solar.

Polysilicon leap Han Wenke, director of Energy Development and Reform Commission in December 2009 the NPC Standing Committee, reviewed the topic in his speech PV market exploded. "In the 'transmission to the village' project and the international PV market driven, the Chinese solar cell / module manufacturing has experienced leaps and bounds. In 2000, China PV module production capacity less than 10,000 KW, 2008, solar cell production has reached 2.6 million kilowatts, ranking the first in the world. In recent years, China has more than 20 PV companies listed at home and abroad, in 2008 the world's top 30 PV cell production has 10 operators in China, four in Taiwan. "

PV industry chain, including polysilicon, batteries, battery systems and other aspects, the whole industry chain, polysilicon is the key raw material. And photovoltaic industry leaps and bounds in recent years, the Chinese-style leap of polysilicon is more impressive, only four years from the industries encouraged by the team into a suspected excess industry.

2005 years ago, the supply of raw materials, silicon purification techniques to master the core of large firms in the hands of a few developed countries, domestic manufacturers of solar polysilicon low level of technology, not only yield a small, but high production costs, the photovoltaic manufacturing industry completely reduced to two out, the embarrassing situation OEM meager profit. The average cost of polysilicon account for 70% of the total cost of the downstream, upstream solar energy company profit margins were squeezed polysilicon manufacturers.

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