Goldman Sachs Calls a Bottom in Solar
- Analyst Brian Lee sees global growth returning this year
- First Solar a favorite with new module, U.S. utility projects
Photographer: Tomohiro Ohsumi/Bloomberg
This article is for subscribers only.
Goldman Sachs Group Inc. sees an end to the gloom for solar manufacturers as demand in China stabilizes and free-falling panel prices bottom out.
China, the world’s biggest solar market, sent convulsions around the globe last year when it dialed back incentives and slowed development. That exacerbated a global panel glut and has sent prices tumbling 26 percent -- forcing some manufacturers to sell below their costs.