The fourth quarter has been epically bad for Chinese solar companies. Shipments are rising but losses are growing, and there doesn't seem to be any way they'll be able to pay back mounting debt loads.
The latest to tell us how bad the fourth quarter was is Canadian Solar (CSIQ -3.90%), once one of the stronger Chinese solar manufacturers. The company reported a 5% gross margin, which is sadly on the high end of Chinese solar manufacturers, but a $2.43 loss per share is nearly as much as the stock trades for. Alison Southwick sat down with solar analyst Travis Hoium to discuss what this means for Canadian Solar and Chinese solar in general.
