JinkoSolar posts sixth straight quarterly loss on low prices
April 10 (Reuters) - Chinese solar company JinkoSolar Holding Co Ltd reported its sixth straight quarterly loss due to a continued sharp decline in solar panel prices.
The loss of subsidies in its top market, Europe, and rapid manufacturing capacity expansion in China have contributed to a 66 percent decline in panel prices in the last two years.
Solar panels, which cost as much as $3.50 per watt in 2005, are now selling at about 70 cents per watt.
JinkoSolar's net loss widened to $122.2 million, or $5.51 per American depository share (ADS), in the fourth quarter, from $58.3 million, or $2.58 per ADS, a year earlier.
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