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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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.
FORBES: Onetime Solar Billionaire Shi Zhengrong Suffers Blow As Suntech Power Collapses
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
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.
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.
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.
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.
First Solar is engaged in the manufacturing and sale of solar modules with an advanced thin film semiconductor technology, and it competes with other solar industry players like SunPower , Suntech Power and Yingli Green Energy.
FORBES: First Solar Can Go Higher Even If PV Module Pricing Cools Off
On the flip side were several of its direct competitors, such as Suntech Power, Yingli Green Energy, Trina Solar, and LDK Solar, all up substantially on the day. (For a bullish thesis on wind, read Wind Energy Is Poised To Pop After Strong First Quarter).
FORBES: Master Short Seller Jim Chanos Targets First Solar And Renewables
While Silicon Valley companies were working on the problem, silicon prices fell and Chinese companies like JA Solar, Suntech and Yingli Green Energy rapidly expanded production of conventional solar panels, supported by tens of billions of dollars in inexpensive credit from the Chinese government as well as other subsidies like cheap land.
FORBES: Can China Save Silicon Valley's Struggling Solar Technology?
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