By R.T. Jones, Green Chip Stocks:
Yesterday, we learned that SolarWorld was blaming its Chinese peers for its recent outlook cut.
I’m still convinced that while the Chinese absolutely do have somewhat of an “unfair” advantage, launching trade wars isn’t the answer.
Yes, the China advantage has destroyed dozens of once-profitable solar companies. But this is the evolution of the industry – and companies operating in this space can’t rely on government bodyguards to keep them afloat. And to be honest, not all non-Chinese solar companies are running for cover.
In fact, Conergy (PINK SHEETS:CEYHF), a Germany solar player, just announced that it had its biggest gain in three months after posting its first operating profit in nearly two years. CEO Philip Comberg said, “It clearly shows that our strategic realignment and improved cost structures yield results.”
There’s no doubt that non-Chinese solar companies have a tough road ahead. But it will be those companies that seek solutions, instead of excuses, that will prosper. Of course, the uphill battle for solar companies still remains… Read more