Trina Solar (TSL) is out this morning indicating that 2011 will be another good year for the company. CFO Terry Wang told reporters at a Reuters conference that he expects any slowdown in Europe next year to be neutralized by a pick up in US orders. In fact, the company not only doesn’t see a slowdown next year, but expects gross profits and net profits to accelerate and an increase in their global market share … Read the rest
Category Archives: Solar Energy
NRG Energy (NRG) To Purchase First Solar’s (FSLR) 290MW Agua Caliente Solar Project
More good news for First Solar (FSLR) tonight. In addition to posting strong guidance for next year, the company is announcing that NRG Energy (NRG) will purchase its 290MW Agua Caliente project in Yuma, Arizona. The project when completed in 2014 is expected to be the largest operating solar farm in the world and provide clean electricity to nearly 225,00 homes. It should be noted though while all permits have been received and early construction … Read the rest
First Solar (FSLR) Posts Strong 2011 Guidance, Shares Up
The great divide between the bearish analysts who see a difficult 2011 for solar and the CEOs of these solar companies who see another good year in 2011 continues. This afternoon it was First Solar’s (FSLR) turn to bang the bullish drum and issue strong guidance for 2011. The company sees 2011 EPS in the range of $8.75 – $9.50/share which is ahead of the analysts consensus estimate of $8.60/share on revenues of $3.7 … Read the rest
Yingli Green Energy (YGE) Inks 3YR, 220MW Solar Modules Contract With Solarstrom AG
Yingli Green Energy (YGE) is announcing a big order this morning with Germany’s Solarstrom AG (this was actually originally announced over a week ago by SAG). Yingli will supply 220MW in solar modules to the big German solar developer over the next three years. The two companies have been working together for more than five years and Yingli is a preferred supplier of SAG. No word on the financials of the deal.
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Canadian Solar (CSIQ) Lands 19MW In Solar Park Deals In Ontario
Canadian Solar (CSIQ) has announced it has inked a deal with SkyPower, one of Canada’s largest owners and develops of solar energy projects. CSIQ will be the EPC provider for two projects totaling 19MW in Ontario, both of which are expected to be completed within about 7 months.
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“A new study called Solar Vision 2025, issued by the Canadian Solar Industry Association and prepared by … Read the rest
Sunpower (SPWRA) To Build 20MW Solar Plant For Iberdrola Renewables Copper Crossing Project
Last month Sunpower (SPWRA) announced a deal with Iberdrola Renewables to design and build a 30MW solar plant and this morning comes news of a 20MW solar plant for Iberdrola in Arizona. Sunpower will use its Oasis Power Plant product which integrates its E19 panels with tracking technology and all the cabling. It’s designed to deploy quickly. Iberdrola will own and operate Copper Crossing.
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"SunPower Oasis … Read the rest
Jefferies Sees Germany Solar Cap Fears As Overblown, Top Picks Are TSL, YGE, SATC, JASO
According to Barrons, Jefferies believes that fears about a slow down in solar business in Germany due to caps on investments in renewable energy are overblown and that Germany is committed to making clean energy 18% of total energy consumption within the next 10 years.
Analyst Jesse Pichel’s visits with officials and companies in the Berlin area indicate that “there will be no German solar cap in 2011, but the [German Environment Ministry] does … Read the rest
First Solar (FSLR) Supplying 15MW In Solar Modules To ACME Of India
First Solar (FSLR) announced earlier today that ACME of India will purchase 15MW in thin film solar modules for a solar plant in the state of Gujarat. First Solar sees India as a potentially large solar market. Delivery is expected in March 2011.
First Solar VP TK Kallenbach commented: “We see India as a land of immense opportunity and potential. We are pleased to collaborate with a leader like ACME to contribute to the … Read the rest
Piper Jaffray Maintains Big Upside Potential On First Solar (FSLR)
Piper Jaffray reiterated its bullish stance and hefty price target on First Solar (FSLR) this morning. The firm believes FSLR will guide higher for 2011 during an investor call on December 14th and that its North American project business will shield it from Euro exposure and declines in ASP. The firm estimates revenue of $3.9 billion and EPS guidance of $9.94 which is well ahead of consensus.
GT Solar (SOLR) Continues To Surge After Bullish Analyst Comments
GT Solar (SOLR) continued its big surge off the bottom after announcing the first orders for its LED manufacturing equipment. Today, the stock got another boost when Wunderlich Securities said the company is way undervalued and would be an attractive buy out. The firm notes that SOLR has among the lowest PE ratios in the solar sector, just ahead of JA Solar (JASO). Ah, but the beauty of this company is that they are … Read the rest