From Naked Capitalism:
The solar industry is already suffering from significant overcapacity, yet incumbents are adding still more manufacturing to try to secure a cost competitive position after the shakeout. This chart, prepared by Digitimes using data from The Information Network sums up the yawning gap between demand and capacity.
The Information Network forecasts that as many as 50% of the producers could fail in 2010 as prices plunge:
Read full article (plus chart)...
More on solar:
Why you should short solar energy stocks
Porter Stansberry on Spain's wasteful solar boondoggle
Why First Solar's "great" earnings announcement was bunk