David Phillips of 10Q Detective wrote up a great piece on why First Solar (FSLR) should abandon its China strategy. The US solar behemoth made headlines a year ago when it announced it would work with the China government and local businesses to develop a massive 2GW solar farm to power up to 3 million homes.
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Phillips suggests FSLR abandon it’s strategy in China … Read the rest
It’s been a rough few weeks for shares of Power One (PWER) as the stock continues to correct after a huge run in the past year, but is seeing some buy interest this morning after it was announced that management has approved a 10 million share buyback program. It’s authorized for two years and begins immediately.
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"This repurchase program highlights the confidence we have in … Read the rest
Auriga’s Mark Bachman was out with a note this morning saying LDK Solar’s (LDK) cash position looks precarious due to Q-Cells repayments and debt obligations and that they may need a fresh infusion of the green stuff soon, likely with an equity offering. They also see a possible sale of another chunk of its poly plant and/or debt restructuring.
They have not rating on LDK currently.
Traders don’t appear to be too concerned with Auriga’s … Read the rest
Wells Fargo initiated coverage on JA Solar (JASO) with a Market Perform rating and price target of $7 – 8. While the firm says fundamentals remain strong and shares inexpensive, they aren’t willing to rate the company an Outperform due to weaker demand/greater supply picture going forward.
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Shares of JASO continue to look very bullish, but a bit overstretched in the short term. I’d … Read the rest
Axiom Capital Research is going against the grain. When just about everyone else is relatively bullish on solar (although see demand moderating a bit next year), Axiom isn’t so bullish. The firm goes so far as to call Gintech (which doesn’t trade on a US exchange) a liar and doesn’t believe the company has sold out for the second half of the year like they indicated. They cite the fact the company has lowered … Read the rest
According to Barrons, Credit Suisse is reiterating its Buy rating and lifting the price target on First Solar (FSLR) from $150 to $160 after the company received approved from LA Country yesterday to proceed on the 230MW Antelope Valley project. The firm notes that FSLR will have at least two shovel ready projects totaling 600MW by October which will contribute to earnings next year.
====> Click Here For Your FREE First Solar Daily Technical … Read the rest
SunEdison, a major subsidiary of MEMC Electronic Materials (WFR) has announced that is has signed a non-binding memorandum of understanding with a local government in southeastern Korea for the establishment of up to 400MW in solar plants on public land and rooftops.
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The government would aid MEMC in securing in locating land and securing the necessary permits. Assuming all goes according to plan, the … Read the rest
JA Solar (JASO) just yesterday announced better visibility into 2011 and now we know why. The stock is surging more than 10% today with heavy volume to a new 2 year high after it was announced this morning that they signed multiple supply agreements for 2011 delivery totaling over 500MW. Considering they are expected to ship 1.35GW this year, 500MW is a big chunk and will likely get them to a new record for yearly … Read the rest
My how times have changed. You ever think you’d see a Chinese company sponsoring a US baseball team? Maybe not so surprising in today’s world. Canadian Solar (CSIQ) which is not a Canadian company, but a Chinese company, announced it will be a sponsor for the San Francisco Giants and together will launch the Score with Canadian Solar sweepstakes. Fans can go online to signup and win Giants paraphernalia for requesting solar installation quotes. … Read the rest
JA Solar (JASO) held an analyst day today in Valencia, Spain and remains bullish on the solar sector as well as their own company. Some highlights of the event..
– Momentum remains strong with better visibility into 2011
– Company increasing market share
– They believe they are the largest pure play solar company in the world
– Launched next gen SECIUM cells at 18.9% efficiency
– Raising its 2010 shipment guidance 1.35MW
– Customers … Read the rest