Who Will Win in Chinese Solar?

The solar industry has been on a tear in 2013 and a few Chinese companies have led the way. JinkoSolar (NYSE: JKS  ) reported a surprise profit in the second quarter while Canadian Solar (NASDAQ: CSIQ  ) is leveraging project in Canada and a presence in Japan to increase margins and come close to breaking even. 

But there are also minefields for investors to avoid. Suntech Power (NASDAQOTH: STPFQ  ) and LDK Solar (NASDAQOTH: LDKSY  ) have both failed to make debt payments this year and are in the midst of a restructuring that's a mystery to U.S. investors right now. Terrible balance sheets have been dragging down both companies and there appears to be little upside for investors right now. Yingli Green Energy (NYSE: YGE  ) is also sitting with nearly $3 billion in debt and unless conditions improve quickly it may suffer the same fate as Suntech and LDK. 

Joel South sat down with solar analyst Travis Hoium to see who is well positioned to capitalize on Chinese solar and who isn't worth the risk. 

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  • Report this Comment On October 09, 2013, at 9:58 PM, RickRickert4MVP wrote:

    Travis is looking very tan.

  • Report this Comment On October 10, 2013, at 7:56 PM, sonofTesla wrote:

    Less than 6 months ago Travis was saying..."Stay away from Chinese solar" Now he sings (some) of their praise. What a solar anal-ist. What amazing insight. I sure wish I had known Chinese solar would be a wise investment (over a year and a half ago) while this guy bashed them repeatedly and continued to push Sunpower.

    If he really knew what he was talking about, Yingli would be at the top of his recommendation list.

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