We're losing money on every panel, but making it up in volume

Suntech posts net loss of over $1 billion

08.03.2012: Chinese solar manufacturer Suntech Power Holdings Co. Ltd. posted a net loss of over $1 billion in 2011, compared to net income of $237 million in 2010. In the fourth quarter alone, the company recorded a net loss of $137 million. Meanwhile, module shipments grew 33.3 percent year-over-year, reaching 2,096 MW in 2011. However, lower average module prices resulted in a decline in gross margin, which shrunk from 18.7 percent in 2010 to 12.3 percent in 2011. Net revenues increased from $2.9 billion in 2010 to $3.1 billion in 2011. In fiscal year 2012, Suntech expects to ship between 2.1 and 2.5 GW of modules. The company also said it expects to maintain cell and module production capacity at 2.4 GW and wafer capacity at 1.6 GW. … Source: Suntech Power Holdings Co. Ltd.; Summary: PHOTON http://www.suntech-power.com http://ir.suntech-power.com/phoenix.zhtml?c=192654&p=irol-newsArticle& ID=1670577&highlight= The complete press release can be viewed in PHOTON's archive using the following link: http://www.photon-international.com/newsletter/document/62007.pdf

 

 

Monty Bannerman

ArcStar Energy

646.402.5076

www.arcstarenergy.com