It was announced earlier today that Sunpower (SPWRA) will design and build solar systems totaling 1.7MW for Rancho California Water District at two facilities. The systems are expected to save the district more than $8 million over the next 25 years. That’s not a lot of money over that time frame, but the savings really begin adding up if the majority of water districts begin powering with solar. Improving efficiencies in solar over the next … Read the rest
Category Archives: Solar Energy
First Solar (FSLR) Expands China Presence With China Power Deal
First Solar (FSLR) announced a deal today that will help expand its presence in China by partnering with China Power International. The two companies will not only collaborate on projects in China but in other markets as well, such as the US.
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“First Solar is very pleased to be expanding our commercial presence in China by establishing this relationship with CPINE, one of the premier clean … Read the rest
Applied Materials (AMAT) Extremely Bullish On Solar, Sees China Doubling Capacity Over 5 Years
In an article over at China Daily, Applied Materials (AMAT) CEO Charles Gay predicts that China will make a tremendous push in domestic solar applications, catching up with its superiority in solar manufacturing to become a major consumer of solar electricity as well. Not only does he see China doubling solar capacity within five years, but he believes they will reach solar grid parity two years before the US in 2018. With China experiencing … Read the rest
Suntech Power (STP) & First Solar (FSLR) Warn Of Lower Demand, Falling Solar Prices Due To European Cuts
It’s a good day for JA Solar (JASO) but for solar as a whole, it’s not a great day. Much of that has to do with reports filed by Suntech Power (STP) and First Solar Inc. (FSLR) (two the world’s largest solar companies), warning about the potential for a significant hit to demand for solar and falling prices due to Europe government subsidy cuts. With Europe accounting for 80% of solar demand, the cuts could … Read the rest
JA Solar (JASO) Posts Strong Results, Is The Bottom In?
JA Solar (JASO) is seeing a nice pop in the early going this morning after reporting better than expected Q1 results. The company reported a non GAAP EPS of .40/share on revenues of $556 million. That’s a beat on both the top and bottom line and represents significant quarter over quarter growth of 67% and 91% respectively.
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Here are some highlights of comments made … Read the rest
Daqo New Energy Beats With Another Record Quarter, Shares Looking More Bullish
Daqo New Energy (DQ) posted strong quarter earnings results this morning leading to a nice surge in the stock above the 50 day moving average. After a healthy run up over the past week, shares are beginning to look much more bullish.
The company reported an EPS of .99/share on revenues of $87.3 million which was ahead of analyst estimates of .85/share and $84 million respectively. Profit surged 450% over the year ago quarter while … Read the rest
Power One (PWER) Posts Mixed Results, But Breaks Out Above 50DMA
Perhaps all the concerns about a renewable energy slowdown and concerns in Europe were priced in because despite missing analyst estimates of .21/share by posting .20/share, shares of Power One (PWER) are popping today about 10% with heavy volume. The company did beat analyst estimates on the revenue side with $244.5 million (vs the estimate for $241.8 million).
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CEO Richard Thompson commented on his new … Read the rest
Some Explanations For First Solar (FSLR) Selling
TheStreet.com posted a good article last night highlighting a few reasons why FSLR sold off despite beating estimates.
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1. One reason I mentioned as well in my report.. Not raising guidance for 2011, just keeping it flat. However, this isn’t the reason the stock was down nearly 10% after hours last night.
2. CNBC. They rolled out FSLR short seller Jim Chanos again after the report … Read the rest
First Solar (FSLR) Beats, Maintains Guidance, But Shares Slump
The reaction to last night’s earnings in shares of FSLR is really nothing new. This is one of those companies where traders have lofty expectations and whatever it does, can never seem to please. It seems traders are always picking through the report to discover the negatives.. looking for a reason to sell. That’s the case again this morning.
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The company beat estimates after the bell … Read the rest
Auriga Upgrading First Solar (FSLR) To Buy, Mini Gold Rush Coming After Italy Finalizes
Auriga is out this morning upgrading shares of First Solar (FSLR) from Hold to Buy but lowered their price target just a bit from $166 to $160. Here are highlights of the call…
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– management reaffirmed 2011 guidance in earnings report last night (Auriga called the quarter a solid beat)
– FSLR modules are low in price and high in efficiency, remaining in high demand
– … Read the rest