GT Solar (SOLR) is seeing just a bit of positive pre-market action on news it has released new high performance ingot growth furnace for the solar industry providing 15% increased throughput, energy efficiency and higher quality. The new DSS450HP ingot furnace begin shipping this month and are expected to be installed at customer sites in May.
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“Our DSS450HP furnace delivers a new level of performance that … Read the rest
The green stocks universe continues to grow and I’m pleased to announce that we’ll begin coverage of three new green stock plays – one an LED play, another a speculative biofuels play and the other, a parts player in the solar and CNG vehicle industries. The first I want to highlight is Sensata Technologies (ST). The others in posts to follow..
Sensata Technologies (ST): Sensata debuted with its IPO on March 11th and has … Read the rest
I mentioned the Oppenheimer upgrade of Suntech Power (STP) this morning on Green Stocks @Twitter, but the firm has rating and price target updates on other solar stocks as well. Hat tip to Street Insider for the heads up.
Bullish on Yingli Green Energy (YGE) and gets upgrade from Outperform to Perform and $17 price target (about 30% higher). Want more YGE analysis?
Downgrades Canadian Solar (CSIQ) from Outperform to Perform and lowered and … Read the rest
PG & E just announced that their new solar power program has been approved by the California Public Utilities Commission. The program involves constructing 500 MW of PV solar power systems, 250 MW of which will be owned by PG & E and 250MW of which will be owned by independent developers.
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In a press release, Steve Malnight vice president for renewable energy at PG&E, … Read the rest
Macquerie is clearly frustrated with Canadian Solar (CSIQ) and has cut its rating from Outperform to Neutral following the company’s guidance last night in which they indicated a forex hit and a bit of a margin contraction. Maquerie says this 2nd negative revision in two quarters has “weakened its standing with investors” and “two strikes is enough.” They have slashed their 1Q EPS estimate from .53 to .03 and the price target from $35 to … Read the rest
Canadian Solar (CSIQ) is out tightening the shipment guidance after the bell today from the previously expected 180 – 190MW range to 189 – 191MW, but is expecting an $18 – 20 million forex hit in the quarter due to the depreciation of the Euro against the US dollar. They expect gross margins at around 13%. CEO Shawn Qu expects a strong quarter this quarter as well and indicated the company will better hedge against … Read the rest
Trina Solar (TSL) is partnering with Enfinity of Belgium, a large renewable energy developer, to provide solar rooftop installations to the Belgian-European Pavilion and the Theme Pavilion at the 2010 Shanghai World Expo. The Belgian-Euro Pavilion will use about 700 Trina modules for the 160kW system.
===> Click Here For Your FREE Trina Solar Analysis
“We are delighted that Enfinity and the Belgian Government have selected Trina Solar to supply our high quality modules … Read the rest
JA Solar (JASO) raised guidance about two weeks ago and Evergreen Solar (ESLR) is out with preliminary results tonight, but the two companies still aren’t in the same league. ESLR is saying that 1st quarter shipments have increases to a new company record of about 35.4MW with revenues at about $78.5 million and an average selling price of $2.20/watt. However, manufacturing costs remained about where they were last quarter which is disappointing for a company … Read the rest
A few more analyst calls this morning. Collins Stewart has downgraded shares of Canadian Solar (CSIQ) from Buy to Hold and has a $20 – 24 price target on it. They believe that while strong demand has led to a firming of module prices, but it’s so strong that its pulling up the prices of cells and wafers which may weigh on CSIQ margins. Shares of CSIQ are trading down 5% today and appear headed … Read the rest
Suntech just announced that it has supplied the Town Hall building in Sydney, Australia, with a 48kW rooftop installation. The installation consists of 240 of Suntech’s advanced solar panels featuring Suntech’s new Pluto technology, which improves conversion efficiencies by 12%.
===> Click Here For Your FREE Suntech Analysis
In a press release, Dr. Zhengrong Shi, Chairman and CEO of Suntech, commented on the new technology:
“Advanced solar technology is central to powering a future where … Read the rest