Solar cell spot prices have slid to US$1.20-1.25/W in December 2010, down from a peak of US$1.40-1.43/W in November, according to industry sources. Prices continued to be dragged down by seasonality and new capacity at suppliers.

The downward price trend will likely hurt revenues performance of solar cell companies in December, the sources claimed.

Some unspecified solar cell makers have admitted that December revenues will not be able to remain at high levels, due to falling demand and prices. They expect to manage single-digit drops sequentially through effective quote reductions.