NEW YORK, NY--(Marketwire - Sep 12, 2012) - The solar power market is rapidly expanding in the U.S. The industry's growth has not come from domestic solar manufacturing but from the installation of foreign made-panels. Bloomberg New Energy Finance estimates that approximately 68 percent of all solar panels were produced from Chinese companies in 2011, compared to only 40 percent in 2009. Five Star Equities examines the outlook for companies in the Solar Industry and provides equity research on SunPower Corporation (NASDAQ: SPWR) and LDK Solar Co., Ltd. (NYSE: LDK).
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Solar power installations in the U.S. in 2012 are on pace to surpass the combined installation totals from 2000 - 2010 (2,500 megawatts), which is more power than two nuclear power plants. A recent report from the Solar Energy Industries Association showed that the U.S. installed 742 megawatts, which has the capacity to power roughly 150,000 homes, during the second quarter. According to numbers from GTM Research the average price of solar panels (per watt) has decreased 97.2 percent from 1975 to 2012.
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SunPower designs, manufactures and delivers the highest efficiency, highest reliability solar panels and systems available today. The company recently announced the launch of the industry's first combined warranty that covers both power and product for 25 years. "SunPower's 25-year combined power and product warranty is possible due to our proven, differentiated Maxeon solar cell technology," said Tom Werner, SunPower president and CEO.
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. The company is scheduled to release second quarter 2012 results before market open on Monday, September 17, 2012.
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