Neo Solar Power’s August sales collapse 51.65%

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Sales have plummeted 68% year-on-year so far in 2016.

Taiwan-based merchant cell and module producer Neo Solar Power (NSP) reported a 51.65% collapse in sales for the month of August 2016, following a significant deterioration in demand and declining average selling prices. 

NSP reported August 2016 sales of NT$632.5 million (US$20.05 million), down around 51.6% from July, 2016 revenue of NT$1,308 million (US$41.78 million).

Sales had declined 26.11% in June from May, primarily due to reduced shipment volume as the company started relocating solar cell and module production equipment to a new facility in Vietnam. 

Sales have plummeted 68% year-on-year so far in 2016. The last time NSP’s monthly sales were in the NT$600 million range was December 2011.

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