Applied Materials (AMAT) is making a significant shift in its green energy strategy, abandoning its thin film solar business and focusing more on traditional solar technologies as well as LED. The thin film solar business has never really gotten off the ground as evidenced by the languishing stock price of Energy Conversion Devices (ENER). I don’t think it’s time to call the technology dead in the water, but when a company like Applied Materials decides … Read the rest
Category Archives: Solar Energy
Energy Conversion Devices (ENER) Lands 3.9MW Rooftop Solar Deal
Energy Conversion Devices (ENER) subsidiary United Solar has signed a 3.9MW deal to supply solar laminates to New Jersey Resources Clean Energy Ventures & Adler Development. Adler Development will lease 900K of roof space to NJRCEV for 20 years allowing tenants a power purchase agreement from NJRCEV. The project has already begun with work started on four Adler buildings in New Jersey.
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ENER CEO … Read the rest
Yingli Green Energy (YGE) Signs 6MW Italian Deal, Potential For 16 – 26MW
It was announced this morning that the Italian subsidiary of Yingli Green Energy (YGE) signed a 6MW solar module sales agreement with Tecno Spot for this year and Tecno has committed to another 10 – 20MW for 2011.
====> Click Here For Your FREE Yingli Technical Analysis
CEO of YGE Liansheng Miao and Italia Sales Manager Fabio Patti commented:
“We see great potential in the Italian market, which has a very robust demand for Yingli … Read the rest
Kaufman Bros Upgrade MEMC Electronic Materials (WFR) To Buy, Raises PT
Kaufman Bros. has upgraded MEMC Electronic Materials (WFR) from Hold to Buy and increased the price target from $14 to $15 which would be a more than 40% move from current levels. Hat tip to Street Insider for the analyst comment.
====> Click Here For Your FREE MEMC Electronics Technical Analysis
“All three end markets, semiconductor wafers, solar materials and SunEdison were stronger than anticipated…Valuation is attractive following an approximately 35% decline in the stock … Read the rest
Auriga Lifts Price Targets On Solarfun (SOLF) & JinkoSolar (JKS)
Auriga is out maintaining its Buy rating on both Solarfun (SOLF) and JinkoSolar (JKS) and has raised the price targets for both.
Price target for SOLF goes from $9 to $13. “We have increased confidence that management will expand capacity meaningfully in 2011 and are modeling 979MW of shipments versus year-end capacity of 1,250MW… Our findings appear to be corroborated by the July 19 press release where the company announced plans to increase cell capacity… Read the rest
JinkoSolar (JKS) Snags 24MW Supply Agreement With Enfinity
JinkoSolar just announced that it has signed a new supply agreement to provide Enfinity Asia Pacific Limited with 24MW of PV modules. Shipments have already started and will continue through the end of the year.
====> Click Here For Your FREE JinkoSolar Technical Analysis
In a press release, Xiande Li, Chairman of the Board of Directors at JinkoSolar, commented on the agreement:
“Our solar module supply agreement with Enfinity is a testament to the … Read the rest
Solarfun (SOLF) Announces Credit Facility Worth RMB 6 Billion From Bank of Shanghai
Solarfun just announced that it has been granted a credit facility worth RMB 6 Billion (or an equal amount of foreign currency if desired) from the Nanjing branch of the Bank of Shanghai. The term is 5 years and the Bank of Shanghai must review and approve each drawdown individually.
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In a press release, Gareth Kung, Chief Financial Officer of Solarfun, explained the significance of the … Read the rest
Canadian Solar (CSIQ) Announces Record Time Completion of Solar Energy Project With Green City
Canadian Solar just announced that the 1 MW solar energy project it built in Saxony with Green City Energy was completed in a record time of 2 months of construction. The system consists of panels installed on 16 rooftops, covering a surface area of 17,000 square meters. Since the project was finished before June 30th, it is exempt from the reductions in feed-in tariffs for PV systems.
===> Click Here For Your FREE Canadian Solar … Read the rest
Solarfun (SOLF) Announces Capacity Expansion & Increased Solar Cell Efficiency, Stock Breaks Out
Solarfun Power (SOLF) announced plans this morning to increase manufacturing capacity by 50MW and to convert 160MW of its cell manufacturing lines to high efficiency selective emitter technology with both expected to be completed within about six months. The increase in capacity will be achieved by good old fashioned “debottlenecking” and get the company to a total capacity of 550MW by early next year. They also announced that new manufacturing facilities are under construction and … Read the rest
Auriga Reiterates Buy Rating On JinkoSolar (JKS)
Auriga initiated coverage on recent solar IPO JinkoSolar (JKS) with a Buy rating more than two weeks ago. Since that time, the stock has seen very bullish trading action, breaking out above 11 with good volume and running quickly to $13 before pulling back. This morning Mark Bachman reiterates his Buy rating on the company and the $23 price target.
====> Click Here For Your FREE JinkoSolar Technical Analysis
“We continue to profess that shares … Read the rest