Goldman Sachs: Solar industry heading for a downturn after major Chinese policy shift

Solar manufacturers are about to hit a rough patch as a new Chinese policy is poised to dent demand in the world's biggest market, Goldman Sachs says. The bank sees a oversupply ballooning this year, cutting the price of solar panels and modules for companies like JinkoSolar and First Solar. Solar power equipment makers are about to hit a rough patch, and it's time to sell many stocks in the space, according to Goldman Sachs.