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The Solar Market's New Hot Spot

Japan is expected to install up to 10 gigawatts of solar this year, opening an opportunity for major growth in a high-margin market for SunPower, Canadian Solar, Trina Solar, and Yingli Green Energy.

By Travis Hoium – Nov 13, 2013 at 1:32PM EST

Japan's solar market could install 10 gigawatts this year, more than any country has ever installed in a single year. Companies like SunPower (SPWR +0.00%) and Canadian Solar (CSIQ +6.68%) are already pushing into the market, supplying a high percentage of their panels there at a high margin. But there are also opportunities for other manufacturers. 

Trina Solar (NYSE: TSL) and Yingli Green Energy (NYSE: YGE) need the Japanese market to return to profitability. The third quarter will tell whether they're taking a step in that direction or looking to China for growth. 

Erin Miller sat down with solar analyst Travis Hoium to discuss what's happening in Japan and who the winners and losers will be going forward. 

Read Next

About the Author

Travis Hoium
Travis Hoium is a contributing Motley Fool stock market analyst covering solar energy, technology, and growth stocks. Before The Motley Fool, Travis was a mechanical engineer at 3M and founded a virtual reality company. He holds a bachelor’s degree in mechanical engineering and a master’s degree in business administration from the University of Minnesota.
TMFFlushDraw
X@travishoium

Erin Miller and The Motley Fool have no position in any stocks mentioned. Fool contributor Travis Hoium manages an account that owns shares of SunPower. He personally owns shares of and has the following options on SunPower: long January 2015 $5 calls, long January 2015 $7 calls, long January 2015 $15 calls, long January 2015 $25 calls, and long January 2015 $40 calls. Try any of our Foolish newsletter services free for 30 days. We Fools may not 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.

Stocks Mentioned

Canadian Solar Stock Quote
Canadian Solar
NASDAQ: CSIQ
$14.85
(+6.68%)+$0.93

*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.

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