According to a report by Green Sheet, solar panel manufactures have not slowed down production to meet the decreased demand for solar panels. This is creating a large supply of solar panels, much like what happened with the auto industry. To compensate, the price of solar panels should fall.
This year, demand for solar panels has fallen 17%, but due to the last few years of incredible growth, many companies have increases production capacity. As a result, solar panel production has increased over 50% and profits (along with solar stock prices) have fallen.
Where does this leave the photovoltaic solar panel industry? <read more about solar panel production>
