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Chinese Rate Adjustment May Benefit Foreign Solar Energy Company

published: 2010-06-23 15:13

Brokerage analysts said, the Chinese government promised to enhance the flexibility of the RMB exchange rate, which was good news for the foreign companies exporting solar energy products and services to China, because their prices became more competitive.

The senior analyst of Wells Fargo Securities, Sam Dubinsky, pointed out, the Chinese exporters would be affected.

Besides, the First Solar, SunPower from America, and the solar firms from Europe and Japan will be benefited in the favorable pricing environment, because the Chinese solar power companies have to raise their prices to offset the rate adjustmentimpact.

Dubinsky added: “The rate adjustment of this time will relieve the pricing stress in solar energy industry.”

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