Most of China’s solar panel makers say large positive gains to share prices yesterday on reports that panel prices have stabilized. JA Solar Holdings Co. Ltd. (NASDAQ: JASO) rose nearly 35%, JinkoSolar Holding Co. Ltd. (NYSE: JKS) rose 32%, Hanwha Solarone Co. Ltd. (NASDAQ: HSOL) was up nearly 38%, Suntech Power Holdings Co. Ltd. (NYSE: STP) rose more than 27%, and Yingli Green Energy Holding Co. Ltd. (NYSE: YGE) was up more than 20%.
A report from Taiwan’s Digitimes notes that solar panel makers have been hoping to raise prices following strong demand in the fourth quarter of 2011. But supply still exceeds demand:
As inventories have been cleared out, solar firms plan to increase prices slightly after the Lunar New Year. Industry sources indicated that supply continues to outpace demand, hence a small increase is more suitable.
Digitimes also says that some Chinese companies will try to keep prices down until the low prices drives out some competitors.
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