China's Solar Power Analysts Can't Agree Why Shares Are Plunging
- Delay in subsidy payments and weak oil prices are cited
- Panel orders concentrated among a few top manufacturers
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China’s solar companies are plunging on stock markets, and analysts can’t agree why.
Since peaking in May, the NYSE Bloomberg Global Solar Energy Index of 127 companies has plunged 47 percent, more than quadruple the pace of the MSCI World Index. Yet panel makers anticipate record installations this year and have mostly recovered from a plunge in prices that slashed margins at the beginning of the decade.