Solar Stocks finish the week higher
Many solar stocks finished this week up, more than 50% from their lows, following the same recovery rally across the markets.
Expect some resistance next week as markets will probably face another short term downward swing. Friday closed mostly neutral so watch out, since the long term trend is still down.
Claymore/MAC Global Solar Index (ETF) (Public, NYSE:TAN) latest chart:
Labels: Claymore, ETF, Global Solar Index, Solar Stocks Performance, solarstocks, TAN
Vatican unveils ambitious solar energy plans
http://www.blogger.com/img/blank.gifVATICAN CITY (Reuters) - And then there was light -- and it was powered by the sun. The Vatican on Wednesday activated a new solar energy system and announced an ambitious plan that could one day make it an alternative energy exporter.
The massive roof of the "Nervi Hall" where popes hold general audiences and concerts are performed, has been covered with 2,400 photovoltaic panels to provide energy for lighting, heat and air conditioning.
...
The 1.2 million euro ($1.6 million) system, devised and donated by German companies SolarWorld and SMA Solar Technology, will allow the 108-acre city-state to cut its carbon dioxide emissions by about 225 tons and save the equivalent of 80 tons of oil each year.
Source:
ReutersLabels: solar, Solar Energy, solar panels
European Project Breaks Efficiency Record, 39,7%
ScienceDaily (Nov. 21, 2008) — Scientists of the Commission-financed project FULLSPECTRUM have developed photovoltaic (PV) multi-junction (MJ) solar cells which are able to convert 39.7% of the energy of sun light into electricity. This is the highest percentage ever reached in Europe, according to researchers after their final workshop today in El Escorial, Spain.
Let's hope that the higher efficiency of these cells don't come with a much higher price, since what really matters is the price/efficiency ratio.
Today conventional PV cells made of silicon are converting solar light at around 17%.
Labels: News, solar, Solar Energy, solar panels
Solar Stocks Recover
Solar Stocks are recovering from their lows, with record moves up in titles like SunPower Corporation (SPWRA), SolarFun (SOLF) or JA Solar(JASO).
More updates soon
First Solar (Nasdaq: FSLR) up 16.5% to $108.36. Notably, shares of First Solar were down more than 50% in November prior to Friday's rally.
SunPower (Nasdaq: SPWRA) up 30% to $26.75. The stock is one of the best performing solars today as it has been beaten down the most in November -- SunPower has fallen more than 62%.
JA Solar (Nasdaq: JASO) up 36% to $2.86
Solarfun (Nasdaq: SOLF) up 24.6% to $4.05
Canadian Solar (Nasdaq: CSIQ) up 13.3% to $4.60
ReneSola (NYSE: SOL) up 13.6% to $2.67
LDK Solar (NYSE: LDK) up 10.7% to $12.20
Trina Solar (NYSE: TSL) up 22.8% to $7.81
StreetInsider.comLabels: Canadian Solar, CSIQ, FSLR, JASO, LDK, SOL, solarstocks, SOLF, SPWR, SunPower Corp, TSL
Suntech Power Holdings Earnings (STP)
Suntech Power Holdings (NYSE:STP) released today the 3rd Quarter Earnings.
Gapped lower and is now trading -31% below it's close yesterday.
* Lowers full-year revenue outlook on falling euro
* Q3 rev up 53.7 pct at $594.4 million
* Net income $55.9 mln, or $0.33 per ADS, misses Wall St
NEW YORK, Nov 20 (Reuters) - China's Suntech Power Holdings Co (nyse: STP - news - people ), the world's largest solar module maker, reported lower-than-expected quarterly profit and cut its full-year sales forecast because of the weak global economy, sending its shares tumbling by more than 30 percent to an all-time low.
Still, the company's sales for the third quarter jumped by more than 50 percent as demand for the clean energy systems continued to grow.
"The problem here is the banks. The customer wants more modules, but they have to have liquidity," Chairman and Chief Executive Dr. Zhengrong Shi told an analysts conference call. "We have to separate the market demand and the financial (situation)."
Third-quarter net income rose to 55.9 million, or 33 cents per American Depositary Share, from $53.3 million, or 32 cents a share, a year earlier, and well below the 42 cents per share analysts had on average expected, according to Reuters Estimates.
Forbes SourceSTP chart:
Labels: Earnings, solarstocks, STP, Suntech Power
Spray-on solar cells
An inch-long array of some of the tiniest solar cells ever built has been successfully tested as a power source for microscopic machines, a new study reports.
Xiaomei Jiang of the University of South Florida and her colleagues needed a power source for a microscopic sensor that can detect dangerous chemicals and toxins, potentially helping to sniff out chemical leaks. So the team turned to solar cells.
But these aren't the traditional solar cells that you see perched on rooftops. Most solar cells in use now have a brittle backing made of silicon (found in sand, and the same material computer chips are made with).
Check the full article
hereLabels: solar, solar cells, solar spray
Ota Solar City in Japan
By Mayumi Negishi
OTA, Japan (Reuters) - Solar panels glisten across Ota City's tiny Pal Town neighbourhood, nestled among strawberry fields in one of Japan's sunniest spots, a testament to the allure of renewable energy in this resource-poor country.
Three-quarters of Pal Town's homes are covered by solar panels, which are distributed for free and have become one of the main draw-cards for residents keen to minimise their power bills.
A great example for other countries to follow, even in a country were the sun doesn't most of the year. Mediterranean Europe and the south states of USA are the perfect locations for this model city to be built.
Full news article at
ReutersLabels: home solar panels, Japan, solar, Solar Energy, solar panels, Solar Projects
