Sign Up for FREE Daily Energy News
Canadian Flag CDN NEWS  |  US Flag US NEWS  | TIMELY. FOCUSED. REVELANT. FREE
  • Stay Connected
  • linkedin
  • twitter
  • facebook
  • youtube2
BREAKING NEWS:

Hazloc Heaters
Hazloc Heaters

EnergyNow Showcase

Solar Industry Crimped by Supply-Chain and Logistical Challenges


English Español 简体中文 हिन्दी Português
These translations are done via Google Translate

(Bloomberg) Supply-chain headaches for everything from glass to shipping capacity are pinching the solar industry.SolarEdge Technologies Inc. tumbled as much as 16%, the most in almost four months, after warning that margins will shrink slightly in coming months amid logistics-related cost pressures.

The solar industry is facing a constellation of issues this year including higher prices for steel and aluminum, as well as elevated freight costs. SolarEdge’s disclosure came a week after rival solar-parts maker Enphase Energy Inc. said there’s no sign the worldwide shortage of semiconductor components will abate any time soon.

“Boiling the bevy of issues down, they all impact gross margins — and gross-margin trends historically have been leading indicators of how the stocks trade,” Jeff Osborne, an analyst at Cowen & Co., said in an email.

In early April, Maxeon Solar Technologies Ltd. said “the solar industry faces pervasive upstream supply chain cost challenges.” The panel manufacturer said then that elevated costs for glass, solar cells and freight “may persist well into the second half of 2021.”



Share This:



More News Articles


New SHOWCASE Directory Companies

 

Becht
RAM Industries Inc.
RHK Hydraulic Cylinder Services Inc.
Osperity