Q-Cells Problems Persist

13 August of 2011 by

qcells stock blah Q Cells Problems Persist

This is what a solar shakeout looks like.

We are seeing Q-Cells, a long dominant solar PV module giant, lose money, market share, and face. While Chinese crystalline silicon competitors and more nimble American players make strategic moves to stay relevant and viable — Q-Cells is in a race to catch up, restructure, and survive.

We’ve already covered some of the second quarter pain felt by First Solar, SunPower and Trina here. Suntech announces its Q2 results later this month.

Shyam Mehta, Senior Solar Analyst at GTM Research, has long foretold the difficulties awaiting higher-cost European c-Si cell and module makers. We’ve seen similar pain felt by REC.

The once high-flying firm now has a market cap of $141.4 million. Here is the sad tale of Q-Cell’s stock situation:

Continue Reading at Greentech Media

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