Thursday, November 23, 2006

Solar Energy Investing in Europe


Across the Atlantic we can find the biggest solar energy producers, and Germany is the 2nd in worldwide photovoltaic solar energy production, next to Japan.
Governments of European countries give the biggest incentives to Solar and other clean energies, and should continue the fast growth seen in the last years.

Q-Cells is even investing in Thing Film CIGS Technology, researching a new photovoltaic technology to complement its current technology portfolio. Q-Cells, the world's second-largest manufacturer of solar cells, is joining forces with Solibro AB from Uppsala, Sweden, to set up a joint venture under the name of Solibro GmbH, in which Q-Cells will hold a share of 67.5%.

Meanwhile Ersol, European traded company, is being downgraded because of the known shortage of polysilicon wafers.
The ErSol Group’s entry into thin-film technology opens up more future growth, while avoiding the dependence on silicon. In the short term it might be too late to avoid losses.

In a research note published this morning, the analyst mentions that the company has issued a profit warning for 4Q, reducing the 4Q EBIT guidance by 20%, due to shortfalls in wafer supply. ErSol expects a further margin decline going forward due to rising costs, the analyst says.

UK Yahoo Finance


More information about this European Solar Stocks in Yahoo Finance:

Q-CELLS (QCE.DE)

ERSOL (ES6.DE)

Other Solar Companies traded on Xetra: ALEO SOLAR N (AS1.DE), SOLAR-FABRIK (SFX.DE), SOLAR ENERGY (OM9.DE), SES SOLAR (Q8K.DE), SOLAR MILLENNIUM N (S2M.DE)
(Be careful, some of these companies are penny or small caps with very low volumes)

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