How bad is the earnings for 2nd quarter? It's looking real bad as no one has cut down production and they continue to flood the market
Even STP which just started bankruptcy proceedings still has not cut back on any manufacturing or staff. They continue to flood the market with solar panels and word is it that they are trying to sell EVEN CHEAPER to get rid of their current inventory.
This is damaging to all the other surviving CHinese SOLAR PANEL makers. If only they stopped would the others stop losing $75 million a quarter and instead just lose $30-40 million a quarter. STILL BAD, but not as bad.