Well, Fools, it has been a riveting earnings season in the solar sector. I plan on sharing some broader conclusions later, but first, let's quickly glance at the final pair of results.
On the brighter side, those lower input costs will soon restore margins to positive territory, even as soon as the second quarter. China Sunergy also pointed to positive operating cash flow during the first quarter, continuing a streak going back a year now.
Whereas investors were willing to look past current weak results in the case of Chinese compatriots like Solarfun Power
Trina Solar highlighted its $0.79-per-watt non-silicon manufacturing cost for multicrystalline products (higher-efficiency mono runs about $0.10/watt higher), which initially left me unimpressed. We'd recently seen Suntech Power hit $0.66 per watt, even with the drag from underutilized production lines, and that company is targeting $0.50 to $0.55 within a year or two.
Fool contributor Toby Shute doesn't have a position in any company mentioned. Check out his Motley Fool CAPS profile or follow his articles using Twitter or RSS. The Motley Fool has a disclosure policy.