Wednesday, February 13, 2013
SunTech Power: Too Much Capacity, Too Much Debt
In terms of megawatt shipment volumes, Suntech Power Holdings (STP-$1.50) is the number three supplier of PV modules, according to analytics firm NPD Solarbuzz. Unlike Arizona-based, thin-film PV module maker First Solar (FSLR-$32.45) and Chinese competitors, such as vertically-integrated crystalline silicon (c-Si) manufacturers Jinko Solar (JKS-$8.93) and JA Solar (JASO-$5.66) –NPD Solarbuzz ranking of 2, 7 and 8, respectively – Suntech assumed too much debt in building capacity.
Editor David J Phillips does not hold a financial interest in any stocks mentioned in this article. The 10Q Detective has a Full Disclosure Policy.