JA Solar (JASO) has signed a 29MW solar module supply contract with a new Italian customer. It’s a subsidiary of an unnamed large utility group in Europe and the modules will be supplied this year. The number of Italian supply deals for the Chinese solar manufacturers has picked up in recent months as Italy is expected to replace some the decrease in demand out of Germany.
===> Click Here For Your FREE Daily JA Solar … Read the rest
First Solar (FSLR) made a key move yesterday. Just a few days ago I posted:
“With an MOU signed for the big China Ordos project and news that AV Solar will finally get off the ground, the pieces are beginning to fall into place for FSLR. The question is will the stock follow suit? FSLR has been stuck in a base now for more than two years. The key for me is right around … Read the rest
Following a press conference in Germany yesterday in which the solar industry and the Environment Minister outlined potential mid year feed-in-tariff cuts, Auriga posted its thoughts which I wanted to highlight for my readers. The bottom line is that despite Germany’s expected cuts, they remain bullish on the sector and haven’t made any changes to their ratings or estimates.
– Worst case tariff decline isn’t likely. Auriga sees German solar installations this year at … Read the rest
It was announced yesterday that First Solar (FSLR) has cleared the last of the red tape needed to get the big 230MW AV Solar Ranch project in LA County off the ground. If you’re a regular reader here, you might remember that back in October there were fears that this project would be delayed until 2012 due to an appeal by Northrop Grumman which was concerned the project would disturb their secret testing facility in … Read the rest
It was announced today that Canadian Solar (CSIQ) was a solar module supplier for Europe’s largest solar plant constructed by MEMC Electronic Materials (WFR) subsidiary SunEdison. The 70MW plant is located near the town of Rovigo in Italy and is expected to power more than 16500 homes.
==> Click Here For Your FREE Daily Canadian Solar Analysis
"The impressive scale of this milestone European PV project is a direct testament to the high quality work … 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
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
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