Home Wealth  Money Solar Power Companies Disappoint with Earnings

Solar Power Companies Disappoint with Earnings

Posted: Jul. 24th, 2012  |  By Forbes

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Several China-based solar power companies are reporting lackluster earnings today.

JA Solar (nasdaq: JASO - news - people ) posted a loss in the third quarter of $0.36 per American depositary share, compared to earnings of $0.49 per share last year.

JA Solar also cut its full year shipments forecast.

Solar panel producer Suntech Power Holdings (nyse: STP - news - people ) reported it swung to a loss in the third quarter, of $116 million, or $0.64 per American depositary share, from a profit of $0.18 per share last year.

The loss was much wider than analysts expected.

And, photovoltaics maker LDK Solar (nyse: LDK - news - people ) also swung to a loss of $114.5 million, or $0.87 per American depositary share, compared to earnings of $93.4 million, or $0.72 per American depositary shares, last year.

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