Chinese Solar Inching Toward Profitability
JinkoSolar shocked investors by posting a second quarter profit on the back of a growing systems business and 17.7% gross margins. Canadian Solar and Trina Solar are also getting closer to a profit but with larger debt loads they'll have more challenges than JinkoSolar did. Still, the Chinese solar industry is starting to get closer to profitability and the strongest balance sheets are leading the way.
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The article Chinese Solar Inching Toward Profitability originally appeared on Fool.com.Fool contributor Travis Hoium has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.