Solar’s deathly spiral and the $650 million Suntech fraud

The share prices of solar manufacturers plummeted overnight on more weak sales news and a potential fraud of the sector’s largest company. And with bankruptcies in the sector coming thick and fast, we look at who’s left to pick up the pieces.

‘Solar company enters liquidation’ is already a familiar headline and one we should get used to seeing quite regularly over the next few years. A shakeout of epic proportions is underway in the sector and it has led to rapid stock price declines and a minor trade war that could escalate quickly in coming months.

The shakeout is far from over despite annual industry growth rates of 42 per cent, with selling prices remaining below cost for many manufacturers and prices only likely to fall further.

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