Analyst: First Solar still tops in PV module shipments

Despite seeing a slight decline in module shipments, CdTe giant First Solar still led the market in 1Q10, according to calculations from IMS Research.

Click to EnlargeJune 8, 2010 – Despite seeing a slight decline in module shipments, CdTe giant First Solar still led the market in 1Q10, according to calculations from IMS Research.

Overall 1Q10 was another record quarter for PV modules, with a 3% increase from the previous quarter, and a fourth consecutive Q/Q increase; look for another record in 2Q10 as most suppliers are still at full utilization of ever-expanding production capacity, the analyst firm notes.

The top module suppliers have a distinctively Far East flavor, with five of the top seven firms in China. Trina shipped more modules than Yingli Solar (a first). Yingli did manage to enjoy higher ASPs after a year of declines, and 33% gross margins, though that ASP growth (9% vs. 4Q) was in Euros, the destination for most of its modules — and the Euro devaluation translated to only a 2% increase in terms of local Renminbi currency.

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