The company became the latest of China’s big PV equipment groups to downgrade its full-year guidance, following peers Yingli and JA Solar earlier this week.
Suntech says it now expects to ship between 1.8GW and 2GW this year. It had previously guided the market to a full-year total of 2.1GW to 2.5GW.
The company posted a second-quarter negative gross margin of 10% on revenues of about $471m, well down on the $830.7m it pulled in during the same three months last year.
Chief
executive
David
King
–
who
has
only
just
User
Copyright
To protect your subscription investment, we've instituted a security system to protect against the electronic redistribution of copyrighted Rechargenews content. Read more
Close