SemiLEDs Corporation (LEDS) which is currently the top China LED play trading on a US exchange is getting hit hard today after reporting earnings. While the company reported big quarterly growth once again, guidance isn’t nearly as impressive and traders are heading for the exits.
The company reported an EPS of .14/share on revenues of $13 million which is a big jump over the year ago quarter of just .01/share on revenues of $6.7 … Read the rest
China Sunergy (CSUN) announced today it’s won a 1.1 MW solar module supply contract in Switzerland and will supply Sunergic which is one of Switzerland’s leading solar system integrators.
"We are very pleased to partner with Sunergic S.A. on one of the largest PV solar projects in Switzerland," said Mr. Stephen Zhifang Cai, CEO of China Sunergy. "This partnership demonstrates our concerted efforts to explore new markets. We believe there will be more opportunities like … Read the rest
Much has been made of China’s monopoly on rare earth metals, supplying more than 90% of the world’s supply. With the metals such an important component to all things technology as well as a key component in electric cars and defense systems, it’s no wonder that the rest of the world is concerned about future supply. China has long used the dominance as leverage in trade agreements not to mention to control prices.
::: Click … Read the rest
Evergreen Solar (ESLRD/ESLR) has announced plans to shut down it US solar manufacturing operations in Devens, MA in order to compete with China based manufacturers. The company is in the process of moving its manufacturing to China and announced it had begun production there back in September. The company was bleeding cash and with an uncertain solar market next year, it really had no choice.
Unfortunately, competing globally as a manufacturer in the US these … Read the rest
Everybody wants to get in their predictions for the year and Barclays Capital is providing its thoughts on the solar industry as well according to Barrons. Analyst Vishal Shah notes that the fundamentals were much better than expected last year, but could come under pressure particularly in the second half of the year. He mentions that in order for the solar market to thrive again, US and China demand will need to pick up … Read the rest
Earlier today I posted a summary of Auriga’s bullish outlook on solar stocks for 2011. According to Barrons, Credit Suisse has also posted their outlook for solar stocks this year, but is less bullish. They have a cautious view in the near term and a Market Weight rating on the sector.
Auriga commented on the elasticity of the solar market where demand picks up as prices fall. Credit Suisse notes that this has traditionally … Read the rest
Today it was announced that Volvo’s C30 electric car which is powered by an Ener1 (HEV) lithium battery, achieved an important milestone. During the North American International Auto Show, Volvo CEO Stefan Jacoby unveiled a crash tested C30 following a two development program between the two companies. A test fleet of the electric vehicles will hit the road here in the states this year and the media will have an opportunity to test drive … Read the rest
Auriga released its 2011 report on the solar industry last night and I wanted to summarize it a bit here for my readers. Auriga continues to remain generally bullish on the sector and doesn’t buy into the weakening demand + supply glut scenario that several other analysts are predicting for 2011/2012. They predict 23% growth for 2011 and highlight the elasticity of the solar market where as prices decrease demand picks up. They cite a … Read the rest
The solar stocks are getting a nice pop today after LDK Solar (LDK) raised both its revenue and shipments outlooks for Q4 and next year. The company says growth is being driven by lower prices, government incentives and renewable energy requirements across the world, particularly in Asia, the US and Europe.
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The company now expects Q4 revenues of $870 – $910 million vs the previous estimate … Read the rest
Denny’s (DENN) is joining the LED lighting revolution and announced it will use Cree Inc’s (CREE) LR6 LED downlights in dining areas and restrooms for all new and remodeled locations. The company evaluated many solutions and determined Cree offered the the most value. One franchisee found they used 6000kW/hrs less per month after switching to LED and was able to save over $15K/month across five locations. No word on what the up front cost was, … Read the rest