Chinese Firms Poised to Roll Thin-film Solar Cells
An exhibition of solar photovoltaic technologies indicated that full-scale mass production of thin-film solar cells will begin in China within 2009.
At Solarcon China 2009, an exhibition that took place at Shanghai New International Expo Center in Shanghai, China, from March 17 to 19, 2009, Best Solar Energy Technology Co, Chint Solar (Zhejing) Co Ltd, Baoding TianWei SolarFilm Co, Suntech Power Holdings Co Ltd, etc exhibited samples of their thin-film solar cells and announced their future production plans.
Also, Oerlikon (Shanghai) Co Ltd and Applied Materials Inc, which provide turnkey lines to these companies, exhibited the track record of contracts with Chinese companies, showing their enthusiasm for the Chinese market.
Full articleLabels: China, solar cells, solarstocks, STP, Suntech Power, Thin film solar cells
First Solar Leading Solar Stock Rally
Some news from Business Insider:
Today, the Solar Energy Industries Association reported that solar capacity grew by 17% in 2008, which is good (but old) news. The president of the group also said that solar wasn't immune to the downturn--which is also old news. Solar companies have been turning in crappy quarters left and right lately.
It doesn't seem to matter today. First Solar (FSLR) is up $5 at this point, Solar ETF TAN is up 7% and SunPower (SPWRA) and JA Solar (JASO) are both up 10%.
The pop could be driven by a rumor we heard on Fast Money last night that First Solar might be added to the S&P 500.
SourceLabels: First Solar Inc, FSLR, JASO, solar, solarstocks, SPWR, TAN
Solar Reversal?
Yesterday we had the most Bullish day of the year, probably signaling the end of the short term trend.
Most solar stocks got a record gain for the day, so let's wait to see if the market maintains the momentum for the next couple of days.
Suntech Power Holdings Co., Ltd. chart:
First Solar, Inc. chart:
Just remember the medium to long term the trend is still Bearish.
Tomorrow I will check the performance of the solar sector and some individual solarstocks Vs the S&P500 benchmark.
Labels: Charts, First Solar Inc, FSLR, solarstocks, STP, Suntech Power
Stimulus Plan is a Ray of Sunshine for Solar Industry
TEMPE, Ariz.--(BUSINESS WIRE)--The solar industry was moving at a frantic pace through the end of 2008 in an effort to capture the solar tax credits that were set to expire at years end. Global demand for solar hit a whopping 5.3 GW and saw the price of silicon skyrocket and solar panels became very scarce. Citigroup's (NYSE:C) Timothy Arcuri in a recent research note observed that, "Global demand for solar is likely to see a slight decrease to 5 GW, but driven by a growing pipeline of utility scale projects and aided by government stimulus programs, he thinks the total will jump up to 7.6 GW next year and 9.6 GW in 2011."
SourceLabels: News, solar, Solar Funding, solar panels
First Solar vs. SunPower vs. Suntech
First Solar's acquisition of OptiSolar's pending, gigawatts worth of projects will likely intensify the fight for utility-scale projects in the United States.
With the $400 million purchase of OptiSolar's project portfolio, First Solar has, in effect, declared war on two other large solar energy companies who also aren't satisfied at being merely solar panel makers.
Can you hear the battle cry, SunPower and Suntech Power?
First Solar already has staked a claim as the company that can make solar panels cheaper than anyone else. The company, based in Tempe, Ariz., has become a Wall Street darling in recent years by delivering impressive financial returns. Startup solar companies aspire to be First Solar – or beat it.
Check the full article on
Greentech MediaLabels: First Solar Inc, News, solar panels, Solar Technology, solarstocks, SunPower Corp, Suntech Power
