Suntech Power to be biggest panel maker in 2009
China's Suntech Power Holdings Co Ltd (STP) will overtake Germany's Q-Cells AG (QCEG.DE) as the world's largest producer of solar panels this year, according to a report issued on Monday by industry research firm iSuppli.
Suntech, Japan's Sharp Corp (6753.T), and China's Yingli Green Energy Holding Co Ltd (YGE.N) and JA Solar Holdings Co Ltd (JASO) are defending their market positions by continuing to increase production "as if a recession had never occurred," iSuppli analyst Henning Wicht said in a statement.
Meanwhile, producers including Q-Cells, U.S.-based SunPower Corp (SPWRA.O) and Britain's BP Solar (BP.L) have cut output or expansion plans in response to a massive oversupply of solar panels and cells that is driving down prices.
Nearly half of all solar panels made in 2009 will not be sold this year due to the solar supply glut, iSuppli said.
Total solar panel production will rise to 7.5 gigawatts (GW) this year, up 14.3 percent from last year, the report said. However, only 3.9 GW of solar installations will take place in 2009.
Source: Reuters
Labels: Q-CELLS AG, Solar Industry, solar panels, Solar Stocks, STP, Suntech Power
Q-Cells SE
With the US Markets closed today, we take a look at the biggest European Solar Stock, Q-Cells.
The chart shows this solar stock is still lagging behind the rest of the market, but cheap considering the size of the company, and the fact that Q-Cells SE was/is the single largest producer of solar cells in 2007 according to industry data.
With an annual production of 370 megawatts (MW), this could be the only Solar Stock that is still cheap and a good play for the mid to long term investing.
And one of the most fundamentally solid companies in the Solar Sector.
Q-Cells SE, formerly Q-Cells AG, is a Germany-based company active in the field of photovoltaic. Its core business is the development, production and sale of mono- and polycrystalline, silicon-based solar cells. Its core business segment Solar Cell Production includes monocrystalline cells, comprising Q6M and Q6LM; and polycrystalline cells such as Q5, Q6, Q6LTT, Q6LTT3 and Q6LEP3, among others. The Company also offers a range of thin film modules and is engaged in Project Business.
Labels: Q-CELLS AG, QCE, solar analysis, Solar News, Solar Stocks, Solar Stocks Performance, solarstocks
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
