JA Solar (JASO) staged a very bullish breakout move today with heavy volume, up 16% on the day. It’s up another 6% in after hours trading after the company raised its 4th quarter and full year 2009 guidance and announced a share repurchase plan.
Due to strong demand, the company expects 4th quarter shipments to exceed 210MW which is above the previous estimate of 170 – 200MW. For the full year 2009, the company expects … Read the rest
First Solar (FSLR) will issue 2010 guidance in a webcast on Wednesday and analysts are weighing in ahead of the event.
Hat tip to StreetInsider for following the analyst comment from Pacific Crest:
Mark Bachman at Pacific Crest really went out on a limb and said the meeting should have one of two results – “up or down.” He said 2010 capex and 2011 EPS are the key metrics at the event. Long-term investors will … Read the rest
Energy Conversion Devices (ENER) is announcing an agreement with Endesa in Spain to install 3MW of UNI-SOLAR(®) photovoltaic (PV) laminates on the rooftops of two Coca-Cola Company buildings in Seville. ENER will manage construction of the project set to begin this quarter and includes the Uni-Solar laminates being bonded to Giscosa waterproofing and applied to the roof. Endesa will own and manage the system which is expected to be completed within the next six … Read the rest
LDK Solar (LDK) is announcing this morning that they have signed a contract with Efinity of Belgium to supply them with about 50MW to be delivered in 2010. The two companies have worked together in the past and are expanding their relationship.
Shares are up about 2% in premarket trading.… Read the rest
According to this press release, SunEdison, a subsidiary of MEMC Electronic Materials, has entered an agreement with the The Irvine Unified School District (IUSD) Board of Education and SPG Solar to build solar PV installations to generate electricity for 21 school district sites.
Per the agreement, SunEdison will handle all of the upfront costs of financing, building and maintaining the installations, while the school district purchases the power. The installations will also be used to … Read the rest
Trony Solar (TRO) was supposed to begin trading on the NYSE today under the ticker symbol TRO, but the company scrapped the IPO due to weak demand for the offering and overall weak market conditions. It has been postponed indefinitely and I’d be surprised if it launched by the end of the first half of next year. If it didn’t get done in this market, where investor enthusiasm is ridiculously high and solars are emerging … Read the rest
Solar panels are now hitting the mainstream, at least in California. Homeowners can now purchase Akeena Solar’s (AKNS) Andalay AC solar panels at 21 Lowe’s stores throughout Cali and are featured as part of stores Energy Center (maybe Green Energy Center is a better name!). The Energy Center at Lowe’s allows customers to calculate the solar and wind energy potential of their home and sells products allowing customers to measure energy use, reduce consumption and … Read the rest
JLM Pacific posted today that LDK Solar (LDK) is planning to spin off its polysilicon solar biz in an IPO on the Hong Kong exchange as reported at www.163.com. Shares are trading flat today, but if that rumor is substantiated, it could give shares a bigger boost in the future. What a difference a few weeks makes! On Nov 1st LDK was trading under $5.50/share following the Q-Cells squabble. It’s nearly doubled off that … Read the rest
Constellation Energy just announced that it has been chosen to develop a 15.9MW/DC solar PV project in Maryland under the Generating Clean Horizons Initiative. This project is part of a larger 17.1 MW DC project, which will be built operated and owned by Constellation Energy. When it’s completed in 2012, the installation will be the largest in Maryland. Energy from the installation will be purchased by the state under a 20-year purchase agreement.
In a … Read the rest
Suntech Power (STP) is announcing this morning it has secured solar supply agreements with three existing customers for up to 490MW to be delivered over the next three years. The European customers include a reseller, and EPC company and a project developer.. no word on who those customers are but with a little digging we could probably find out. No word on the financials either, but this is a substantial win for Suntech and the … Read the rest