NEW YORK, NY--(Marketwire - Oct 15, 2012) - Chinese solar stocks have struggled in 2012 as numerous allegations that companies were "dumping" products at a loss have led to anti-dumping duties on solar cells imported from China. The tariffs, which were upheld by the U.S. Commerce Department last week, range from 18.32 percent to 249.96 percent. Five Star Equities examines the outlook for companies in the Chinese Solar Industry and provides equity research on Trina Solar Ltd. (
China has demanded that the U.S. repeal the steep anti-dumping measure as they fear it will price out Chinese producers from the American market. The tariffs add another burden to Chinese manufacturers who are already struggling with major losses as a result of slowing demand and falling prices. A spokesman for Yingli Green Energy Holding Co. has already said that the tariffs of roughly 30 percent on the company would make it unprofitable to sell in the U.S., as the gross profit margins for the industry are around 10 percent.
"The United States is inciting trade friction in new energy and sending a negative signal to the whole world about protectionism and obstructing the development of new energy development," Ministry of Commerce spokesman Shen Danyang said in a statement. "We hope the U.S. side will correct its erroneous action with early termination of the trade remedy measures," Shen added.
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Trina Solar is one of the few PV manufacturers that have developed a vertically integrated business model from the production of monocrystalline and multicrystalline silicon ingots, wafers and cells to the assembly of high quality modules. The Commerce Department will impose duties of 18.32 percent on Trina Solar's imports.
LDK Solar is a leading vertically integrated manufacturer of photovoltaic (PV) products. LDK Solar manufactures polysilicon, mono and multicrystalline ingots, wafers, cells, modules, systems, power projects and solutions. For the third quarter of fiscal 2012, LDK Solar estimates its revenue to be in the range of $220 million to $260 million.
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