It is already evident the sharp decline in demand in China will affect PV markets around the world. According to analysts at U.S. investment bank Roth Capital, an oversupply of more than 30 GW of photovoltaic modules – with a corresponding negative impact on PV companies this year and next – will be the result.
The government announcement also left its mark on international stock markets with Roth downgrading its rating for several shares, including Jinko Solar, JA Solar, Renesola, Amtech Systems and Daqo New Energy. The analysts believe companies across the entire PV value chain will be affected by China's change of course.
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