The
company
reported
a
$9.6m
loss
for
the
first
quarter
of
2012
as
weak
shipments
and
low
selling
prices
drove
revenues
down
to
$68.5m
–
a
decline
of
59%
compared
with
the
same
period
last
year.
Average
module
selling
prices
fell
to
$0.86
per
watt
–
two
cents
higher
than
predicted,
but
down
substantially
from
$0.94
in
the
fourth
quarter
of
2011.
Solar
module
prices
have
plummeted
in
the
past
year
as
demand
in
major
markets
weakens
amid
huge
global
oversupply.
Chinese
companies
tend
to
earn
lower
prices
than
Western
brands,
but
Log in to read complete article.
