Suntech solar panels sold out in early 2010
Supply seems not enough to fill all Suntech's Solar Panels demand,and prices always rise on those conditions:
- Fully booked on panels through second quarter
- Company sees panel prices stable in Q1
- Expects panel prices to fall in second half of year
Suntech Power Holdings Co Ltd's (STP.N) solar panel is sold out through at least the second quarter of 2010, a company executive said on Tuesday.
"We were basically in a sold-out situation in Q4 and we're in a sold-out situation at least through Q2," Steve Chadima, vice president of external affairs at Suntech, said at a conference hosted by Needham and Co in New York.
"We're basically selling anything we can produce and I know we're not alone," Chadima said.
Demand for solar power products has rebounded after a difficult 2009, when the global credit crisis dried up financing for new projects and panel prices plummeted.
Chinese players such as Suntech, Trina Solar Ltd (TSL.N) and Canadian Solar Inc (CSIQ.O) have seized on rising demand, turning their low-cost structures into sales, and several plan to boost production capacity in 2010.
Labels: Canadian Solar Inc., China, CSIQ, STP, Suntech Power, Trina Solar, TSL
posted by Ertai at
12:26 PM
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