SOURCE: Paragon Financial Limited

Paragon Financial Limited

December 13, 2011 08:16 ET

US Solar Firms Look to Gain Market Share From Chinese Manufacturers

The Paragon Report Provides Equity Research on Energy Conversion Devices & LDK Solar

NEW YORK, NY--(Marketwire - Dec 13, 2011) - Chinese Solar firms have had a difficult time maintaining margins this year as a glut of competitors and dropping demand has forced manufacturers to slash prices to maintain market share. Meanwhile U.S. solar companies continue to protest what they consider unfair trade practices in China's solar energy sector. The Paragon Report examines investing opportunities in the Solar Industry and provides equity research on Energy Conversion Devices, Inc. (NASDAQ: ENER) and LDK Solar Co. (NYSE: LDK). Access to the full company reports can be found at:

A recent report from Bloomberg says that losses for China's largest solar manufacturers may continue into the New Year "as declining shipments prompt them to slash prices and liquidate inventory." Hari Chandra Polavarapu, an analyst at Auriga USA in New York, says there are too many Chinese solar companies, forcing firms to cut prices. "China's strongest manufacturers are sacrificing profitability because the weakest players still exist," Polavarapu finds.

The Paragon Report provides investors with an excellent first step in their due diligence by providing daily trading ideas, and consolidating the public information available on them. For more investment research on the solar industry register with us free at and get exclusive access to our numerous stock reports and industry newsletters.

Earlier this month a U.S. trade panel approved an investigation into charges of unfair Chinese trade practices in the solar energy sector, setting the stage for possible steep U.S. duties. The approval allows The Commerce Department to continue an investigation into whether the Chinese government provides illegal subsidies for its solar energy sector and whether Chinese companies are selling solar cells and panels in the United States at unfairly low prices, Reuters reports.

China's Commerce Ministry said in a statement on its website that these protectionism measures would hurt bilateral trade and jeopardize mutual cooperation on new energy issues. "China is deeply concerned with the decision, which does not tally with facts and highlights the United States' strong tendency for trade protectionism," the ministry said.

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