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 (NASDAQ:CSIQ), 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.
Alison Southwick, Fool contributor Travis Hoium, and The Motley Fool have no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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