Chinese solar panel makers lead the market, according to a Bloomber report, which notes that Solarfun Power Holdings (Nasdaq: SOLF) saw its share price increase 73% this quarter.
The company out-performed 499 of the 500 companies in the S&P 500 Index.
Solarfun produces solar panels up to 35% cheaper than German and U.S. competitors, due in part to cheaper domestic prices for silicon–the raw material used to make solar cells. Chinese silicon producers have received some $20 billion in government loans this year, while Western competitors search for financing in the private sectors.
“In the long-term, the Chinese will probably be the winners,” James Britland, an analyst at Allianz RCM, told Bloomber. “The real driver is their lower pricing.”
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