SHA:688599

3 stories mentioning SHA:688599Updated 7d ago

Every FINWIRES story that references SHA:688599, newest first.

Market Chatter: Chinese Solar Panel Giants Struggling to Make Ends Meet on Oversupply Woes

The top lines of Chinese solar panel giants struggled in the first quarter as they face overcapacity and subsidy-fueled exports, Nikkei Asia reported Tuesday.Jinko Solar's (SHA:688223) revenue slipped 12% year over year to 12.2 billion yuan in the first quarter, while LONGi Green Energy Technology (SHA:601012) registered a negative profit margin after costs exceeded revenue, the report said.Jinko and Trina Solar (SHA:688599) eked out gross profits, but they were not enough to offset fixed costs, the report said.Overcapacity has also driven a plunge in prices, with the prices of panels falling 60% from their peak in 2021, Nikkei said, citing research firm CEIC.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

SHA:601012SHA:688223SHA:688599

Asia11d ago

Market Chatter: China Solar Panel Makers Seek Foray into Storage Systems Amid Lower Photovoltaic Sales

China's top solar panel makers are scrambling to diversify into battery storage expansion as photovoltaic installations slow, Reuters reported Thursday, citing company executives.For instance, Jinko Solar (SHA:688223) is looking to grow its battery manufacturing capacity to up to 14 gigawatt-hours from 5 gigawatt-hours, Reuters said, citing regional technical head for energy storage systems Titus Koech.JA Solar Technology's (SHE:002459) battery products were on display at its booth during the SNEC photovoltaic conference, marking a shift from its usual solar energy demonstrations, the report said.LONGi Green Energy Technology (SHA:601012) advertised its solar-plus-storage integration on the conference's screen, the report said.For a Trina Solar (SHA:688599) executive, the integration is the "second growth curve" following solar energy, Reuters said.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Shanghai Composite^SZSESHA:601012SHA:688223SHA:688599SHE:002459

Asia11d ago

Market Chatter: China Solar Giants Pivot to Battery Storage

Facing weaker domestic installations, slowing exports, and record-low prices, China's top solar panel makers are rushing into battery storage, Reuters reported Friday.Jinko Solar (SHA:688223) plans to boost storage capacity to up to 14 gigawatt-hours by year-end from 5 gigawatt-hours, according to the report.JA Solar (SHE:002459) showcased storage products at the International Photovoltaic Power Generation and Smart Energy Conference & Exhibition, marking a shift from pure photovoltaic displays, Reuters wrote.Trina Solar's (SHA:688599) storage shipments more than quadrupled year on year in the first quarter, according to the report.Executives see storage as "the second growth curve" as global demand for renewables storage surges, Reuters wrote.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Shanghai Composite^SZSESHA:688223SHA:688599SHE:002459

Track with the FINWIRES app suite

FolioX

Track SHA:688599 in your portfolio

WheelAI

Analyze SHA:688599 options with the wheel strategy

StockInsider

See market sentiment on SHA:688599