Trina Solar also posted a recent rise in its share price, as did Yingli Green Energy.
SunPower primarily competes with companies like FirstSolar, SuntechPower, and Yingli Green Energy Holding.
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Four Chinese firms warned against escalating trade tensions on Thursday - Yingli, Suntech, Trina and Canadian Solar.
The venture-capital backed company has signed deals this year with JA Solar, Solarfun Power Holdings and Yingli.
The rebound since March 2009 has been as spectacular as the tumble, with Trina up 657% and Yingli 195%.
Pichel keeps his Buy ratings on Power-One, Yingli and Trina.
Yingli, citing its long-term commitment to the U.S. market, says it is planning to build a 100-MW factory here.
Yingli Green Energy this morning posted mixed results for the fourth quarter.
FORBES: Yingli Q4 Revs Top Ests, Loss Worse Than Expected; Shrs Off
Other major Chinese solar producers, including Yingli Green Energy, LDK Solar and Trina Solar, have also reported heavy losses.
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Silicon prices fell ten-fold and Chinese solar companies like Suntech, Yingli and Trina ramped up production to further lower costs.
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It uses panels built by Sanyo, Yingli Green Energy, REC Group of Norway (no relation to REC Solar) and Kyocera.
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Yingli Green Energy shares are trading higher Monday morning, thanks to a trio of analyst upgrades for the Chinese solar products company.
FORBES: Yingli Green Energy Shares Rally On Trio Of Upgrades
Yingli Green Energy shares are losing ground Wednesday morning on disappointing Q2 financial results and reduced shipment guidance for the full year.
FORBES: Yingli Green Energy Q2 Misses; Cuts Full Year Shipment View
His company uses panels from what he refers to as Tier-1 suppliers: Suntech ( STP), Trina Solar ( TSL), Yingli (YGE), Sharp and Kyocera.
Direct competitors to Suntech Power, according to Revere Data, include Baoding, China-based Yingli Green Energy Holding and JA Solar Holdings, based in Ningjin, China.
Trina Solar ( TSL - news - people ), Yingli Green Energy and Suntech Power all down at least 75% from their peaks.
The big reason, according to Bachman: Cheap panel prices offered by Asian manufacturers like Suntech Power, Sharp, Trina Solar, Yingli Green Energy and Kyocera Solar.
But over the past few years, the rapid expansion of low-cost Chinese manufacturers like Suntech, Yingli and Trina has sent the cost of conventional solar panels plummeting.
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Chinese solar giant Suntech, for example, has opened a manufacturing plant in Arizona and Yingli is considering doing the same in a Southwest state, executives have told me.
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The Ministry of Science and Technology confirmed that it has provided subsidies to more than 100 solar companies, including U.S. listed players Trina Solar and Yingli Green Energy.
FORBES: China Solar Stocks Soar; Chinese Gov Vows $2B In Subsidies
In response, Piper today reduced ratings on Canadian Solar (CSIQ), JA Solar (JASO), SunPower (SPWRA), Yingli Green Energy (YGE), Trina Solar (TSL) and Suntech (STP).
Some of that production is for North American companies like Canadian Solar, but among the fastest growing solar outfits are Chinese companies like Yingli Green Energy Holding and JA Solar Holdings.
Yingli Green Energy this afternoon warned that its Q4 solar module shipments were down close to 30%, worse than its previous forecast for a percentage drop in the low-to-mid 20s.
FORBES: Yingli Green Says Q4 Missed Estimates; Shares Tumble
As you can see from the chart above, the current price leaders are First Solar (NASD:FSLR), Renesola (NYSE:SOL), Trina Solar (NASD:TSL), Yingli Green Energy (NYSE:YGE), and Jinko Solar (NYSE:JKS).
Other major Chinese producers including Yingli Green Energy Ltd.
Yingli Green Energy, just off a scorching fourth quarter in which it was the top seller of commercial and residential solar panels in California, is taking its show to the East Coast.
Projects representing eight of the ten megawatts are ready to begin construction, including at William Paterson University in Wayne and with the government of Morris County, in north-central New Jersey, according to Yingli.
Although China has been building domestic polysilicon manufacturing capacity, the local product is still lacking in terms of quality and many panel manufacturers such as Yingli Green Energy continue to rely on imports.
New Chinese entrants like Trina and Yingli have burst on to the California scene in the past several months, going from almost nowhere to third and fifth highest market share so far this year.
Already this week, both JA Solar and Yingli Green Energy reduced their outlook for full year shipments after posting discouraging Q2 results, as prices continue to fall in the face of slack demand.
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