Trina Solar Ltd., China’s third- largest maker of solar panels, is shifting its focus to profitable orders and away from deals aimed primarily at gaining market share, in an effort to curtail “irrational” pricing.
Chinese solar manufacturers Trina Solar Ltd. and JinkoSolar Holding Co. reported lower third- quarter revenue as panel prices continued to drop, an “irrational” pattern that Trina is taking steps to curtail.
The slump in renewable energy shares is ending as bidders from China and South Korea signaled interest in German solar manufacturer Q-Cells SE and A123 Systems Inc., a U.S. maker of batteries for electric cars.
First Solar Inc. Chairman Mike Ahearn has found the best way to make money from photovoltaics is to sell whole power plants to Warren Buffett and NextEra Energy Inc. instead of competing with China on panel sales.
PetroChina Co. traded at the biggest discount to Hong Kong in two months and Chinese stocks in the U.S. slid as lower-than-expected lending and falling imports boosted concern the world’s second-largest economy is slowing.
First Solar Inc. and SunPower Corp., the two largest U.S. solar companies, said restructuring efforts this quarter will improve 2012 results after posting first- quarter losses that exceeded analyst’s estimates.
First Solar Inc., which achieved record efficiency for a thin-film solar cell, will incorporate the advance into its manufacturing technology next quarter to outpace cost reductions by Chinese rivals and compete against fossil fuels without government aid.
SunPower Corp., the second-biggest U.S. maker of solar panels, tumbled 2.6 percent in 131 seconds today, about an hour before the shares were halted and the company reported worse-than-estimated results.