Overseas market PV stocks outperformed coal stocks by more than 30%

The outlook for the solar industry looks bright, but the stock price has been bleak. According to overseas media reports, the price of 20 global mainstream solar companies surveyed by Bloomberg has fallen by an average of 30% this year, and the performance is not even as good as the coal industry with bleak prospects.
SunEdison is a US manufacturer of polysilicon wafers and provides solar energy services. It is a US solar giant that hedge funds have been very optimistic about. However, the company's share price has fallen sharply since July last year. Just on July 20 last year, SunEdison announced that it would spend $1.9 billion to acquire Vivint, a home solar device company. The company’s acquisitions and debts were huge. Investors questioned the company and thought that such “burning” behavior would cause the company’s cash flow. In short supply, investors also began to sell the company's stock. Within a month, SunEdison shares fell more than 70%, from $31.66 per share to $8.8 per share. Recently, SunEdison has filed for bankruptcy and its debt is as high as $16.1 billion.
Now, even the "Civil Man" Musk's SolarCity, which is dedicated to the development of home photovoltaic projects, is not good. After being stared at by Wall Street's big short Chanos, SolarCity announced its first-quarter earnings report. Although the installed volume increased, the net profit per share was higher than expected, causing its share price to plummet 20.44% during the US stock trading session on the 10th. It also lost the first game against the big bear Chanos. In fact, this is not the first time Chanos has singed SolarCity. In August last year, he also said that he was not optimistic about SolarCity. SolarCity's share price has fallen by more than 40% since last year. In addition, the market also reported that Yingli Green Holdings Co., Ltd., once the world's top solar panel manufacturer, may also fall into default.
According to the latest survey conducted by Germany's EuPD Research, US solar PV installers are positive about the future PV market. In 2016, PV installed capacity will be higher than 2015, and only 17% of installers believe that this year's business volume has decreased compared with last year.
However, market data shows that the price of 20 global mainstream solar companies by Bloomberg has fallen by an average of 30% this year. The increase in installed capacity and the huge global demand for clean energy still do not alleviate investor concerns. Some analysts said that the debt burden of SunEdison, Yingli and SolarCity is worrying, and the whole industry is very dangerous for investors. In addition, the environmental protection and energy-saving genes of the photovoltaic industry determine that it must be a sunrise industry and an emerging industry. However, the dilemma of the photovoltaic industry is attributed to the collapse of global oil prices, which is not conducive to the development of alternative energy sources.