17 May '11, 11am

Suntech Adding Third Shift at Arizona PV Factory: Suntech has a bit of good American manufacturing news amidst...

Suntech Adding Third Shift at Arizona PV Factory: Suntech has a bit of good American manufacturing news amidst...

Suntech has a bit of good American manufacturing news amidst a gloomy solar quarter. 2010 was a good year for solar suppliers . Global PV cell and module production clocked in at 23.9 gigawatts and 20.0 gigawatts, respectively, an annual year-over-year growth of around 110 percent. Bankable, low-cost suppliers such as Trina Solar and Yingli Green Energy recorded gross margins of over 30 percent for the year, and even smaller, less established players and higher-cost manufacturers enjoyed high utilizations and healthy profit margins. 2011 might be a different story. The solar market is going through a rocky stretch. The cap on Italy's incentives in the world's second-largest solar market has slowed the growth of the EU market. And that slowdown has impacted the first quarter performance of solar giants like Trina Solar (NYSE:TSL), Yingli Green Energy (NYSE: YGE), SunPower ,...

Full article: http://www.greentechmedia.com/articles/read/suntech-addin...

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