JA Solar (JASO) has announced a one year supply deal with China based Solar Power Inc (SOPW.OB) which will supply SPI with 60MW of its 6” polycrystalline photovoltaic cells. No word on the financials of the deal.
JA Solar CEO Samuel Yang said, “This agreement represents a strategic alliance between our company and one of the leading solar solution providers in the world today. Through SPI we will be able to expand sales of our … Read the rest
Several months ago when LDK was trading about 200% higher from current levels, the rumors began to swirl that Siemens would make a buyout bid of LDK Solar at around $55/share. Well, it appears the rumors are making the rounds again that LDK Solar will be taken out. StreetInsider.com is out with the following note:
“Shares of LDK are moving higher today on unconfirmed rumors the company could be the target of a takeover bid. … Read the rest
In mid December, Alison first posted about the grid parity achieved by First Solar (FSLR) at the El Dorado Energy Solar facility. Since that time, FSLR has rocketed another 20% off the November lows and looks poised to test the next level of resistance around 180 within the next couple weeks. The LA Times is out this morning with more on the analysis from Mark Bachman of Pacific Crest Securities, who in mid December said … Read the rest
According to StreetInsider.com, Piper Jaffray is out cutting estimates on the solar sector due to poor visibility. Piper analyst Jesse Pichel lowered industry estimates for the 1st half of 09 and downgraded their rating of Canadian Solar (CSIQ) to Sell and ReneSola (SOL) to Neutral due to low order visibility for Q1 in Germany and zero visibility in other markets but expects some recovery in late spring, early summer but only if credit markets … Read the rest
In the midst of a credit crisis, Yingli Green Energy (YGE) isn’t having a problem getting a loan to expand operations. The company has announced that China Development Bank, which is owned by the Chinese government, has provided the company with a conditional $70 million, 8 year loan agreement.
“We are pleased to receive financing support from CDB,” Said Yingli CFO Mr.Zongwei Li. “As one of the world’s leading vertically integrated PV product manufacturers, … Read the rest
China Sunergy just announced a one-year agreement to supply India-based Ajit Solar with 2MW of multi-crystalline solar cells. Under the terms of the agreement, China Sunergy will deliver the solar cells in 2 installments, with a 5 MW delivery expected in the 1st half of the year and 7 MW expected in the second half.
China Sunergy’s CEO, Dr Allen Wang, commented on the agreement:
… Read the rest"Our partnership with Ajit Solar marks a significant step for
Suntech Power announced that it has been selected to provide solar power for the World Expo 2010 in Shanghai. According to the bid, Suntech will "supply, design and install building integrated photovoltaic systems with a total capacity of 3MW on the China and Theme Pavilions." Suntech’s solar power installation should be completed by September of next year, and will be China’s largest BIPV solar power system. … Read the rest
Trina Solar is launching a new brand of Upgraded Metallurgical Grade ("UMG") silicon-based solar modules and products. The brand will be called MeSolar, and is an attempt to address consumer demand for solar products that offer both reliability and cost savings.
Arturo Herrero, Trina Solar’s Vice President of Sales & Marketing, explained the new brand strategy:
… Read the restThe product line is part of Trina Solar’s strategy to expand its product portfolio in order to address customers’
Many of the downgrades and earnings misses in the solar names over the past several months have come in part due to the strengthening dollar as much of the sales for these companies are denominated in Euros. Barron’s is reporting that Barclay’s Capital analyst Vishal Shah says First Solar (FSLR), SunPower (SPWRA/SPWRB) and the Chinese solar companies stand to benefit the most. A continued weakening of the dollar along with an Obama presidency certainly could … Read the rest
It was a very good day for solar stocks, particularly for First Solar (FSLR) which surged above its 50 day moving average for the first time in 4 months and continues to look like it put in a bottom down there around 100. I said on October 31st, that if you can get it anywhere close to 100, it’s one heck of a buy.. now I think if you can get it close to … Read the rest