The first quarter has purchase finasteride without been a rough one for most solar companies. Aside from First Solar whose profits tripled, most solar companies reported large decreases in their profits and, most likely, losses. But the purchase finasteride without last two reports (from Trina Solar and China Sunergy) paint the purchase finasteride without picture of a potential return to profitability in the second quarter.
Prices fell faster than costs
In the first quarter, the average selling price (ASP) of solar modules fell like a purchase finasteride without rock. Meanwhile, solar producer costs fell less quickly. For instance, China Sunergy reported its ASP fell 45% from $2.97 in the fourth quarter to $1.64 per watt! This price is 50% below their first quarter 2008 price. Sunergy took a loss of $8.8 million as its costs fell a slower ~37% pace. They estimate a purchase finasteride without return to profitability in the second quarter on lower costs (since most of their residual high-priced polysilicon has purchase finasteride without been cleared from inventory).
Lower Polysilicon Cost Allowing Profit at $2 per Watt
Polysilicon production has now more than caught up with demand. And major polysilicon producer, Michigan-based Hemlock Semiconductor, just announced yesterday buy Cytotec usa the purchase finasteride without ahead-of-schedule completion of a plant to make an additional 8,500 tons of polysilicon per year (a more than 10% increase in its global supply). The spot price of polysilicon is reported to have fallen more than 60% from last year to as low as $65 per kilogram. Such a purchase finasteride without low polysilicon price brings silicon-based solar producers back into competition with thin-film players like First Solar moving forward.
Shipments likely to grow in second quarter
Many companies are purchase finasteride without not only predicting a return to profitability in the second quarter, but an purchase finasteride without increase in sales. For instance, Trina Solar expects to ship 23-33% more modules Cytotec without a perscription or membership April-June (60-65 MW vs. 48.8 MW in the first quarter). Overall, 2009 may be a repeat of 2008 capacity growth levels ~6 GW, but revenue will be purchase finasteride without significantly lower. As long as solar producers are successful at reducing costs, the purchase finasteride without future is beginning to get bright again for industry growth.
Within a few days, I’ll share the early June tally for solar prices. And we’ll get a purchase finasteride without sense of how quickly this climate-friendly energy source can get competitive with the purchase finasteride without fossil fuel-fired power plants that dominate today.
Onwards to Sustainability-
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