Solar Shake-Up: Why More Bankruptcies Are Coming in 2017 [The Motley Fool]
YINGLI GREEN ENERGY (YGE)
Last yingli green energy earnings: 6/15 06:21 am
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Source: The Motley Fool
A number of solar companies have gone bankrupt in the last few months, and conditions won't get better the rest of the year. Already, 2017 has been a big year for solar bankruptcies. Residential solar company Sungevity and commercial solar supplier Beamreach have both filed for bankruptcy, following a year when Verengo Solar and SunEdison went under. And Yingli Green Energy , formerly a world leader on solar panel volume, just lost $267.1 million in the fourth quarter of 2016 on $294.0 million in revenue, so its days in its current form are likely numbered. But 2017 won't end without a few more companies going under or devolving into much-weaker financial positions. Here are the trends to look for as the year shakes out. Solar panels on a residential rooftop. Image source: SunPower. Low prices and technology Every part of the solar supply chain has been squeezed over the last few years. Solar module prices fell by about one-third in 2016 alone, and the develop
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