LDK Solar Co., Ltd. Issues Q2 Revenue Guidance
LDK Solar Co., Ltd. announced that for the second quarter 2010, it expects revenue of between $460 and $490 million. For fiscal 2010, it expects revenue to be in the range of $1.6 to $1.7 billion. According to Reuters Estimates, analysts were expecting the Company to report revenue of $377 million for the second quarter of 2010; revenue of $1.4 billion for fiscal 2010.
Source: Reuters
The chart looks bumpy for LDK Solar, but this might be a bullish short-term trend forming:
Labels: LDK, LDK Solar, solar charts, Solar Stocks
Chinese solar stocks shine
Seven out of the eight U.S. listed Chinese stocks made it to the overbought screen Thursday morning. Gains for the sector look limited from here as LDK Solar (NYSE:LDK), ReneSola Ltd. (NYSE:SOL) and Solarfun Power (NASDAQ:SOLF) have approached theoretical highs. Suntech Power (NYSE:STP), Trina Solar (NYSE:TSL) look better from a technical point of view but again, advance of Canadian Solar (NASDAQ:CSIQ) and China Sunergy (NASDAQ:CSUN) look excessive compared to the rest of the sector.
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Back to solar stocks: high oil price helps alternative energy plays such as solar, wind and hydro power. Solar stocks look good based on fundamentals as well after hitting a bottom in the middle of 2009. Shipments have dramatically increased while margins have stabilized. JA Solar (NASDAQ:JASO) has just raised 2010 Q1 shipment guidance. Four solar stocks out of the total eight reported revenue and earnings growth for the last quarterer of 2009.
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readingLabels: China, China Sunenergy, CSUN, LDK, ReneSola, SOL, Solar Stocks, STP, Suntech Power
LDK Solar Results Miss Estimates
LDK Solar Co., Ltd.'s Q4 2009 Results Miss Estimates, Stock Drops; Issues Q1 2010 Revenue Guidance Above Analysts' Estimates-Reuters
Tuesday, 30 Mar 2010 11:35am EDT
Reuters reported that LDK Solar Co., Ltd.'s fourth quarter 2009 earnings missed Wall Street expectations, sending its shares tumbling. The Company also expects first quarter 2010 revenue of between $310 million and $330 million. According to Reuters Estimates, analysts are expecting the Company to report revenue of $312 million for the first quarter of 2010.
Source: Reuters
Labels: Earnings, LDK, LDK Solar, Solar Stocks
Top 10 Solar Stocks with Highest Short Interest
Below are the top 10 Solar stocks with the highest short interest as a percentage of total shares outstanding. Four Chinese companies (LDK, STP, YGE, TSL) are on the list.
Energy Conversion Devices, Inc. (NASDAQ:ENER) has the 1st highest short interest in this segment of the market. Its short interest is 33.4% of its total shares outstanding. Its Days to Cover is 5.51, calculated as current short interest divided by average daily volume.
First Solar, Inc. (NASDAQ:FSLR) has the 2nd highest short interest in this segment of the market. Its short interest is 18.9% of its total shares outstanding. Its Days to Cover is 7.61, calculated as current short interest divided by average daily volume.
LDK Solar Co., Ltd. (NYSE:LDK) has the 3rd highest short interest in this segment of the market. Its short interest is 18.7% of its total shares outstanding. Its Days to Cover is 7.66, calculated as current short interest divided by average daily volume.
SunPower Corporation (NASDAQ:SPWRA) has the 4th highest short interest in this segment of the market. Its short interest is 15.9% of its total shares outstanding. Its Days to Cover is 7.13, calculated as current short interest divided by average daily volume.
Suntech Power Holdings Co., Ltd. (ADR) (NYSE:STP) has the 5th highest short interest in this segment of the market. Its short interest is 12.4% of its total shares outstanding. Its Days to Cover is 6.74, calculated as current short interest divided by average daily volume.
Evergreen Solar, Inc. (NASDAQ:ESLR) has the 6th highest short interest in this segment of the market. Its short interest is 11.1% of its total shares outstanding. Its Days to Cover is 5.31, calculated as current short interest divided by average daily volume.
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readingLabels: ENER, ESLR, First Solar Inc, FSLR, LDK, Solar Stocks, SPWRA, STP, SunPower Corp, Suntech Power
LDK Solar Acquires Best Solar's Crystalline Module Manufacturing Plant
LDK Solar Co., Ltd. (NYSE:LDK - News), a leading manufacturer of multicrystalline solar wafers, today announced that it has entered into an agreement to acquire the crystalline module manufacturing plant of Best Solar Co., Ltd. ("Best Solar"). Under the terms of the transaction LDK Solar will acquire Best Solar's crystalline module manufacturing plant at cash consideration of $21.5 million, representing the fair value of the assets acquired determined on an arms-length basis.
"This acquisition will significantly enhance LDK Solar's position in the downstream PV market," stated Jack Lai, Executive Vice President, Chief Financial Officer, and Secretary of LDK Solar. "LDK Solar has been fulfilling the majority of its solar module needs through purchases from Best Solar over the past three quarters. We look forward to realizing cost efficiencies by bringing crystalline module manufacturing in-house.
SourceLabels: LDK, LDK Solar, Solar News, Solar Stocks
China ADRS
Some comments on JASO Solar, Canadian Solar, and others on chinavestor.com
We have been bullish on Simcere Pharma (NYDSE:SCR) as late as Friday saying that " because a strong market day is likely to help SCR to keep going on Friday." But SCR is getting overbought and is ready to take a breather on Monday, according to the overbought indicator below. Stocks that look good are those with a strong but not an excessive gains - such as China Sky One Medical Inc. (NASDAQ:CSKI) and Vision China Media (NASDAQ:VISN). Chinese solar stocks have been strong lately with some of them on fire. JA Solar (NASDAQ:JASO) has been strong but looks to have more upside left, just as is for Canadian Solar 9NASDAQ:CSIQ) and Suntech Power (NASDAQ:CSUN). LDK Solar (NYSE:LDK) lost 20% in the last two trading sessions on news that the company is selling equity to raise cash, but that sudden drop makes a case for a possible comeback. Solar companies reported strong Q3 numbers with sweetened Q4 outlook. That should help LDK Solar in the near term and regain most of those losses by mid. January.
SourceLabels: CSIQ, CSUN, JASO, LDK, Solar Stocks
Chinese Solar Stocks Slide After China 'Crash'
Market moves south, and Solar Stocks follow:
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
Solar Stocks Gapping on Pre-Market
Most Solar Stocks are gapping up today on the Pre-Market.
Except the possible start of an upswing short-term rally, with the ETF TAN up 2% on Pre-Market, and other titles such as STP and CSIQ going up almost 3%, 30 minutes before market open.
The Claymore/MAC Global Solar Index (Solar Stock ETF) Chart looks like this:
And some news, regarding the Solar Industry and Oil price correlation:
Solar Players Looking Again Like Leveraged Oil Trades (FSLR, STP, SPWRA, LDK, ENER, TAN, PBW, CSIQ)Investing in solar and alternative energy stocks comes with many risks. We have often referred to many of these companies as being essentially nothing more than very leveraged speculative oil investments because when energy prices are low most forms of alternative energy are not competitive on a cost structure. The drop of $2.62 per barrel to $66.93 in NYMEX WTI Crude is causing havoc in some of the mid-cap and speculative oils stocks. It is also hitting shares of First Solar, Inc. (NASDAQ: FSLR), Suntech Power Holdings Co. Ltd. (NYSE: STP), SunPower Corporation (NASDAQ: SPWRA), LDK Solar Co.Ltd. (NYSE: LDK), and Energy Conversion Devices, Inc. (NASDAQ: ENER). This is also seen directly in the ETFs of Claymore/MAC Global Solar Energy (NYSE: TAN) and PowerShares WilderHill Clean Energy (NYSE: PBW). Speculative stocks like Canadian Solar Inc. (NASDAQ: CSIQ) look even worse.
Labels: Canadian Solar Inc., Claymore, Crude Oil, CSIQ, FSLR, LDK, PBW, solar ETF, Solar Stocks, Solar Stocks Performance, SPWRA, STP, Suntech Power, TAN
LDK Solar Co., Ltd.
LDK Solar is up today, around 20%, with the whole solar sector moving along.
This Solar stock has now almost recovered from all its losses, since the beginning of 2009.
LDK and Suntech Power Holdings(NYSE:STP) have been the top performing solar stocks in the last months, keep them in sight but be carefull, volatility goes both ways.
Some recent news on LDK Solar:
Reuters reporting that Jack Lai, CFO of Chinese solar company LDK Solar (NYSE:LDK), said he expects to have low gross margins through the current quarter and into the next as it works to ramp up in-house production of its pricey key raw material.
More news coming soon...
Labels: LDK, LDK Solar, Solar News, Solar Stocks, Solar Stocks Performance, STP, Suntech Power
Barclays's take on solarstocks
Barclays Bullish on YGE and JASO, Says Take Profits on CSIQ and SOLFBy Chip Brian, SmarTrend Analytics Team
At the Intersolar trade show in Munich, Germany, Barclays Capital said key themes included the resumption of seasonality in demand, depletion of channel inventory, and that global solar shipments are tracking to the firm's 25% year-over-year decline forecast with potential upside from improved project financing programs. Barclays maintains its selective bias toward the Chinese solar companies it currently rates "Overweight" - Yingli Green Energy (NYSE:YGE) and JA Solar (NASDAQ:JASO). The firm recommends staying on the sidelines on China Sunergy (NASDAQ:CSUN), LDK Solar (NYSE:LDK) and Renesola (NYSE:SOL). Barclays suggested taking profits on Canadian Solar (NASDAQ:CSIQ) and Solarfun Power (NASDAQ:SOLF). Barclays also noted that First Solar's (NASDAQ:FSLR) analyst day on June 24 is a potential catalyst.
SourceLabels: Canadian Solar Inc., China Sunenergy, CSIQ, CSUN, First Solar Inc, FSLR, JA Solar Holdings Co., JASO, LDK, ReneSola, SOL, Solar Stocks, Solarfun, solarstocks, SOLF, YGE
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
Claymore/MAC Global Solar Index (ETF) TAN
Claymore/MAC Global Solar Index (NYSE:
TAN)
TAN is the only Solar ETF in the market right now, started trading in April and should be one of the few ways to trade a fund that follows the solarstock industry, that is being tracked in this Blog.
The solar stocks performance has been great in these last weeks and so is TAN, up more than 12% since its inception.
You can check more information about this ETF in Claymore Securities official page:
Claymore/MAC Global Solar Energy Index ETF: OverviewThis is not only a solar companies only ETF, but one that has most of its Holdings on solarstocks that I track daily:
Top Fund Holdings as of 5/20/08
Name Weighting
FIRST SOLAR INC 8.25 %
RENEWABLE ENERGY CORP AS 6.89 %
Q-CELLS AG 6.78 %
SUNTECH POWER HOLDINGS ADR 5.41 %
LDK SOLAR CO LTD-ADR 5.32 %
ENERGY CONVERSION DEVICES 5.05 %
SOLARWORLD AG 4.81 %
SOLARFUN POWER HOLDINGS CO 4.76 %
JA SOLAR HOLDINGS CO LTD 4.65 %
CANADIAN SOLAR INC 4.57 %
YINGLI GREEN ENERGY - ADR 4.35 %
SUNPOWER CORP-A 4.31 %
MEMC ELECTRONIC MATERIALS INC 3.82 %
CENTROTHERM PHOTOVOLTAICS 3.74 %
TRINA SOLAR LTD-SPON ADR 3.51 %
SOLARIA ENERGIA Y MEDIO AMBIENTE SA 3.00 %
ERSOL SOLAR ENERGY AG 2.69 %
CHINA SUNERGY CO LTD 2.63 %
EVERGREEN SOLAR INC 2.62 %
SOLON AG FUER SOLARTECHNIK 2.40 %
MEYER BURGER TECHNOLOGY AG 2.38 %
CONERGY AG 2.21 %
ROTH & RAU AG 2.08 %
MANZ AUTOMATION AG 2.03 %
EMCORE CORP 1.74 %
Labels: Claymore, ETF, FSLR, fund, Global Solar Index, LDK, MAC, Q-CELLS AG, solar companies, solar fund, STP, TAN
Fed cuts rates
Fed cut the rates by a quarter point, and the market reacted badly, maybe because it expected a bigger cut. The S&P500 entered free fall as well some of the solar stocks that I track.
Considering the recent stock market losses, the solar sector barely budged with this loss on the indexes. Even with the solar powerhouses like SunTech Power(STP) and SunPower Corp(SPWR) moving down today around 7%, they are still very near record highs and even managed to recover in the After-hours.
Couple of days ago an interesting article mentioning the "
Burgeoning Global Solar Industry" appeared on Seeking Alpha, Palma Research author.
You can check the article here:
SunPower Corp. and the Burgeoning Global Solar IndustryMeanwhile one of the latest solarstock performers has been LDK Solar Co., Ltd.( NYSE:
LDK) up almost 100% since the start of December. While it was one of the industry laggards, this month changes everything about this stock.
LDK 6 month chart:
Labels: LDK, Solar Stocks Performance, SPWR, STP
Solar Corrections
The indexes made new lows this month, this time with solar stocks going deep into the red, mainly because of the selling pressure of the global markets as well as the recent Crude Oil correction from historical highs, and the new Solar Tax changes in the U.S.
The crude oil price is very correlated to the solar stocks sector, and while the market is not bullish on the short term, the mid to long term hasn't changed.
FSLR lead the losses with -14% just for the day.
Other solar stock movement for the day:
LDK -13,66%
CSIQ -10%
STP -8,78%The newcomers, Solar Fun (SOLF) and Trina Solar(TSL), were both loosing -17% ahead of the whole group.
And the recent headlines for SunTech Power(STP) and the Solar Tax in USA:
Suntech Supplies Solar Modules to 3MW Project for Leading South Korean Power CompanySolar Stocks Tumble On Reports Solar Investment Tax Credits Could Be Left Out Of Energy BillLabels: CSIQ, FSLR, LDK, Solar Stocks, SOLF, STP, TSL
