China solar giant declares bankruptcy

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So much for solar....

Suntech ( STP , quote ) was once a $14 billion company.   Falling victim to industry wide overcapacity and no market control, fostering lowering prices and causing many players fail.

Is the sun setting on solar?

China who has created this problem now says they are no longer willing to pump good money into bad solar companies.  Smart, but too little too late.  Yet, there is an opportunity for the remaining players if the industry can return to capital and production discipline.  An opportunity that JinkoSolar Holding CEO ( JKS , quote ) CEO Chen Kangping highlighted at last week's Chinese People's Political Consultative Conference.

This bankruptcy is good for the sector.



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.



This article appears in: Investing , International , Stocks

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