Labels: Bearish, CSIQ, solar ETF, Solar Stocks, STP, TAN, TSL, YGE
posted by Ertai at
2:48 PM
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Chinese stocks fell hard on Thursday trailing Asian indices lower. Large cap stocks hold on better than smaller counterparts; the Claymore/AlphaShares Small Cap China ETF (NYSE:HAO) lost three times as much as the large cap proxy, FXI.
Energy, solar stocks weight down indices on stronger dollar and falling oil. Solar stocks dominate the worst performing China ADR universe by noon on Thursday. Suntech Power (NYSE:STP), Solarfun Power (NYSE:SOLF), Canadian Solar (NASDAQ:CSIQ), Yaingli Green Energy (NYSE:YGE) and Trina Solar (NYSE:TSL) make up the worst stocks measured in percentage change on the following screen.
Labels: Bearish, CSIQ, Solar Stocks, SOLF, STP, TSL, YGE
posted by Ertai at
2:09 PM
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Record Q4-2009 revenue of $548 million; fiscal-year 2009 revenue of $1.52 billion -- Q4 GAAP EPS of $0.09 and non-GAAP EPS of $0.47 - includes $0.03 per share in accounting investigation expenses -- Completed largest solar power plant in Italy, 24-megawatt (MW) project in Montalto -- Completed construction of more than 100-MW rooftop and ground mount systems in 2009 -- More than doubled the number of SunPower dealers in 2009 to ~1,000 dealers in eight countries -- Announced the acquisition of SunRay Renewable Energy - will add 1.2 gigawatt pipeline -- Announced 200 MW, five year rooftop supply agreement with Southern California Edison -- Financed 19-MW power plant for Xcel Energy in Colorado to be completed in 2010 -- Announced 32-MW supply agreement with Toshiba for 2010 delivery -- Appointed Jim Pape to lead Residential and Commercial (R&C) business unit
Labels: Bearish, Earnings, Solar Stocks, SPWRA
posted by Ertai at
11:46 AM
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Labels: Bearish, First Solar Inc, FSLR, solar charts, Solar Stocks
posted by Ertai at
11:36 AM
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First Solar (FSLR) is overvalued and faces a serious problem in the form of cheap polysilicon. Sound familiar? It should, it's been the refrain from analysts since May. Today's shot at First Solar comes from Gordon Johnson of Hapoalim Securities, on Tech Ticker.
Johnson says First Solar is a sell, with a target of $90. His argument trods well worn ground, but in case you missed it, here it is.
First Solar makes its panels out of cadmium telluride. Most of its competitors make panels out of polysilicon. Last summer, thanks to generous subsidies around the world, especially in Spain, the price of polysilicon shot up to $450 per kg. At such a high price, First Solar had an advantage on the competition.
However, the price has crashed to $60 per kg, and might fall even further, thus wiping out First Solar's advantage. First Solar had told investors not to worry, that it could compete with lowered polysilicon prices. During it's Q2 conference call, it signaled a slight change in its thinking saying it would give rebates to customers to lower the price of the panels. Another worry from Q2, the odd revenue recognition detailed by Barron's, and refuted by e4.
Labels: Bearish, First Solar Inc, FSLR, Polysilicon, Solar Stocks
posted by Ertai at
10:33 AM
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Shares of China-based solar stocks are down across the board today after the Shanghai stock market fell 6.7% overnight on fears that the country’s economic growth could slow due to a slowdown in lending growth. Acording to Bloomberg, former Morgan Stanley Asian economist Andy Xie said the China market could drop another 25%, on top of a 22% slide in August.
Among the China-based solar names:
JA Solar (JASO) is down 14 cents, or 3.9%, to $3.48.
LDK Solar (LDK) is down 32 cents, or 3.5%, to $8.92.
China Sunergy (CSUN) is down 29 cents, or 6.3%, to $4.29.
Suntech (STP) is down 78 cents, or 5.2%, to $14.27.
Canadian Solar (CSIQ) is down 60 cents, or 4%, to $14.59.
Yingli Green Energy (YGE) is down 46 cents, or 4.2%, to $10.56.
ReneSola (SOL) is down 9 cents, or 1.6%, to $5.64.
Labels: Bearish, China, CSIQ, CSUN, JASO, LDK, Solar Stocks, STP
posted by Ertai at
3:43 PM
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Labels: Bearish, Canadian Solar Inc., CSIQ, ENER, First Solar Inc, FSLR, solar ETF, Solar Stocks, STP, Suntech Power, TAN
posted by Ertai at
1:02 PM
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Labels: Bearish, First Solar Inc, FSLR, STP, Suntech Power
posted by Ertai at
3:18 PM
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Labels: Bearish, solarstocks, SP500, TAN
posted by Ertai at
9:51 PM
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