Solar Industry Stays Bearish on More Bad News – (Canadian Solar, JinkoSolar, Suntech Power, LDK Solar)

For U.S.-listed Chinese solar manufacturers, the fourth quarter has been epically bad as supplies are increasing but losses are moving higher. In addition, there doesn’t seem to be any way they will succeed in repaying growing debt burden.

This time Canadian Solar, once one of the stronger Chinese solar makers, is the one to tell us how bad the fourth quarter was. The company posted a 5% gross margin, which is miserably on the high end of Chinese solar manufacturers, but a $2.43 loss per share is close to as much as the stock trades for.

The share price of Canadian Solar Inc. (NASDAQ:CSIQ) plunged -15.55% during trading yesterday, ending at $3.15. At that price, the company has a market cap of $135.94million. The company posted a loss of $105 million or $2.43 a share, higher from a loss of $59.9 million or $1.39 a share, a year earlier. Adjusted loss for the quarter was $1.01 a share. Revenue for most recent quarter dropped 38% to $294.8 million

The stock has a 52 week worst hit of $1.95 and a 52 week high of $5.15. The P/S ratio is 0.09 and P/B ratio 0.31. The beta value is 3.37. CSIQ’s RSI amounts to 22.66.

JinkoSolar Holding Co., Ltd. (NYSE:JKS) dropped -10.14% to close at $6.56. China is reportedly planning to set four rates earned by solar-power plants for selling electricity to grid operators, compared with two currently.

The market value of this company is $145.53 million. It has 7,941 people in workforce, over the last 12 months has generated revenue of $786.20 million and has earnings of -$175.09 million. The firm’s operating margin is -15.47 percent and net profit margin -22.27 percent. The latest closing price of its shares moved down -14.48% from the 50-day moving average.

Suntech Power Holdings Co., Ltd. (ADR)(NYSE:STP) plunged 8.7% after after delaying its bond repayment deadline. For this company, a return on equity of -47.95 percent has been realized due to the financial position. Last twelve months per-share profit reached a value of -$3.57. The stock closed at $1.15, down -0.11 points or -8.73% from previous close and at a distance of -17.74% from 20-day simple moving average.

In the last trading session, LDK Solar Co., Ltd (ADR)(NYSE:LDK) fell -5.03% to close at $1.51 after CSIQ said that retroactive duties on China-made solar products by the European Commission could turn around a pick-up in demand for its products in the continent.

The stock’s price moved +1.08% above its 200 day moving average, changing hands as low as $72.55 per share. The stock is currently trading -14.27% down its SMA 50. The worst hit in its 52 week range is $0.71 per share, with $5.16 being the 52 week best price, which compares with a latest closing price of $1.51. The Beta of this stock is 2.91.