LDK Solar (LDK) is surging higher in pre-market trading and lifting other solar stocks after it raised Q3 guidance. The company now expects revenues to come in at $610 – $640 million vs the previous estimate of $570 – $600 million. They are also raising shipments guidance on modules and wafers. The company expects to ship 550 – 570MW in solar wafers and 80 – 90MW in solar modules which compares with the previous … Read the rest
Category Archives: Solar Energy
Solarfun (SOLF) Launches New E-Star Solar Modules
Solarfun (SOLF) announced this morning the release of their new light weight and high efficiency, E-Star solar modules for small commercial and residential customers. The new modules are 3kg lighter and feature a 2% increase in peak watts/square meter over traditional modules.
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"We are pleased to release our latest high-performance module that combines high efficiency technology with a sleek new appearance," said Dr. Mohan Narayanan, … Read the rest
Auriga Downgrades Solarfun (SOLF) From Buy To Hold On Possible Margin Pressure
Auriga is out downgrading shares of Solarfun (SOLF) this morning from Buy to Hold, but maintains the $13 price target because the firm feels the company may miss margin estimates on the Q3 call due to higher input prices. While they remain considerably bullish on the company, they recommend stepping aside until consensus expectations are re-evaluated.
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Their 2011 assumptions are unchanged and clarity on ramping … Read the rest
FSLR Raises Shipments Guidance For 2011, But Analysts See Potential Delays For Solar Ranch Due To Northrup Grumman Appeal
Yesterday First Solar (FSLR) raised its shipment guidance for 2011 and now sees shipments increasing 380MW over previous estimates due to signed agreements with seven key customers that will primarily serve European markets.
"Our customers continue to expect robust growth in the market for solar electricity in Europe next year," said Stephan Hansen, managing director of First Solar’s European sales and customer service organization. "The additional volumes will allow First Solar to continue to scale … Read the rest
MEMC Electronic Materials (WFR) To Deploy 30MW In Utility Scale Solar Plants In Texas
MEMC Electronic Materials (WFR) subsidiary SunEdison will deploy utility scale solar plants in Texas through a contract with CPS Energy and combined it’s expected to be one of the largest solar facilities in the state. SunEdison will build, own and operate three solar plants totaling 30MW which will help CPS Energy achieve its renewable energy target of 20%. Construction will begin next year. No word on the financials of the deal.
Cramer Flip Flops On MEMC Electronic Materials (WFR), Now A Favorite Solar Stock
Jim Cramer did a piece on solar stocks last night and said he still doesn’t like China solar stocks (many of which are up at least 50% in the past few months) and that the way to play it is with a beaten down US solar company – MEMC Electronic Materials (WFR). From an industry standpoint, he highlights the fact that oil prices are inching closer to $100 once again and the increase in construction … Read the rest
Ratings Roundup: OESX, POWR, STRI, ITRI
Merriman Capital initiated coverage on both Orion Energy (OESX) and Powersecure (POWR) with Buy ratings. OESX which is an efficient lighting/LED play has had a huge run off the bottom in recent weeks, but a bit overdone in the short term. It’s an LED play to keep on the radar.
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STR Holdings (STRI) was initiated with a Buy and $33 price target at Craig … Read the rest
JA Solar (JASO) In 185MW Supply Deal With BP Solar
JA Solar (JASO) is announcing a nice win this morning, getting a 185MW supply deal with BP Solar of which most of the 85MW to be supplied this year has already been delivered. They will deliver another 100MW next year. No word on the financials of the deal.
JASO CEO Peng Fang commented: "We have been working with BP Solar, which has its headquarters in San Francisco, since 2008 and we are very pleased to … Read the rest
EMCORE (EMKR) Announces Unaudited Q3 Results, Shares Surge
EMCORE (EMKR) has finally announced its unaudited financial results for its third quarter after filing a delay with the SEC in August because the company needed more time to review its accounting for inventory write-downs.
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During the 3rd quarter, the company determined that about $2.5 million of excess and obsolete inventory should have been recorded in the quarter ending Sept 30th 2009. There were other … Read the rest
Evergreen Solar (ESLR) Looking Bullish (Video)
Shares of Evergreen Solar (ESLR) have really struggled this year, but there are indications that the stock may be prepping for a big run in the coming weeks. Shares spiked above resistance of the 50 day moving average with big volume last week for the first since January and have pulled back to test what is now support at that level. I discuss the details of the technical action in the video below.
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