In solar, has the race to the bottom begun?
China Sunergy, a solar cell manufacturer out of Nanjing, sold 8.5 million depositary shares (the vehicle foreign companies use to list their stocks in U.S. exchanges) on Nasdaq this week. The stock went out at $11, shot up to about $16, and is now resting between $14 and $15.The rippling in the stock price could partly be reflecting a trend some are worried about in the solar world. As more manufacturers jump in the market, the prices for conventional solar cells will decline. The question is how much. … Read more