Searching for solar stability

The PV industry should soon see a more predictable operating environment, but even with the manufacturing shakeout, the chances for a return to the glory days for profit margins are slim.

The prospect of increased revenues being reported by c-Si module manufacturers is becoming more of a challenge as the revenue-to-shipment (R:S) ratio (revenue per MW shipped) continues to decline. In fact, the R:S ratio has been declining steadily for some time, having peaked above 4 back in the second quarter of 2008.

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