And so continues the trade war, which was launched by the sour-grapes management of SolarWorld,(PINK SHEETS:SRWRF) and supported by those in Washington who have no clue how bad this could be for the US economy, the growth of clean energy, and domestic job creation.
China's Commerce Ministry said that it will now adopt relevant legal measures, demands that the United States cancel part of the measures that violate World Trade Organization rules and give Chinese renewable energy firms fair treatment.
This isn't even close to over.
Meanwhile, and this certainly wasn't unexpected, Trina Solar (NYSE:TSL) just missed on revenues and lowered shipment guidance for FY 2012. It's crazy, I made a fortune on Trina just a few years back. Once one of the most lucrative solar plays in the market, hitting highs in excess of 30 a share, it's now trading for around 4.60.
Although solar's future remains bright, it remains a minefield for investors. And as I've stated in the past, I will likely remain on the sidelines until sometime in 2013, when more consolidation tightens up the marketplace, and more of that glut gets eliminated.
