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Solar Power Bankruptcies Loom as Prices Collapse

Post Time:Dec 02,2011Classify:Industry NewsView:258

 

The once high-flying solar power sector is headed for tough times, as a combination of slack demand and massive oversupply is leading to plummeting prices and profits for solar panel makers.

 

The past year was already grim. The Guggenheim Solar (TAN) exchange-traded fund is down 60 percent since January and sits even lower than it did following the crash in 2008.

 

Two high-profile companies have gone bankrupt in the United States — government-backed Solyndra and Evergreen — and analysts anticipate more failures ahead.

 

Source: http://www.solarglazingmag.comAuthor: shangyi

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