China’s Solar Panel Giants Say Prices Are Near the Bottom
- Jinko says it’s increasing production schedule this quarter
- There’s limited room for further declines, says Trina chairman
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Plunging prices for solar panels, which have slashed profits across the sector, don’t have much room to fall further, according to the chairmen of two of the industry’s biggest firms.
The current slump is “irrational” and there’s only a small probability it will continue, Jinko Solar Co. Chairman Li Xiande said in a joint presentation hosted by the Shanghai Stock Exchange. Li answered written questions from investors at the event on Tuesday along with executives from other firms, including Trina Solar Co. and CSI Solar Co.