Crystalline solar module profits fall to single digits, says IMS Research

digitimes.com 27 Jun '12, 9am

Crystalline solar module profits fall to single digits, says IMS Research

Crystalline solar module profits fall to single digits, says IMS Research Press release, June 27; Jackie Chang, DIGITIMES [Wednesday 27 June 2012] Average gross profits of crystalline solar module manufacturers fell to just US$0.09/watt in the first quarter of 2012, putting huge pressure on suppliers according to IMS Research. As a result of continued price pressure and highly competitive market conditions throughout the solar industry, gross profits are forecast to continue to fall further to just US$0.07/watt by the end of 2012. IMS Research revealed that following a year of rapid price declines, when average solar module prices fell by nearly 50%, industry gross profits fell below US$500 million in first-quarter 2012, the lowest level since 2008 and more than 75% lower on year. The cause of this rapid deterioration is simply due to costs not falling as quickly as prices...

Full article: http://www.digitimes.com/news/a20120627PR200.html

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