I’m back from vacationing in Troncones, Mexico and looking forward to bringing you the latest in alternative and renewable energy stocks in the coming year! Thanks for all the comments from visitors in the 6 months since this site was launched. . my goal is to continue to push forward and make GreenStocksCentral.com the #1 source for breaking news and tracking of green stocks with an increasing number of analysis coming in 2009.
With that … Read the rest
First Solar has been chosen to supply Masdar Abu Dhabi Future Energy Co. with solar modules to help power Masdar City. First Solar will supply 5 megawatts worth of solar modules, which will be integrated into the Middle East’s largest grid-connected PV system.
According to Forbes.com:
… Read the restThe system will provide energy for Masdar City, which strives to be the world’s first carbon-neutral, zero waste, car-free city powered entirely by renewable energy sources. Construction has begun,
In mid December, Alison first posted about the grid parity achieved by First Solar (FSLR) at the El Dorado Energy Solar facility. Since that time, FSLR has rocketed another 20% off the November lows and looks poised to test the next level of resistance around 180 within the next couple weeks. The LA Times is out this morning with more on the analysis from Mark Bachman of Pacific Crest Securities, who in mid December said … Read the rest
According to StreetInsider.com, Piper Jaffray is out cutting estimates on the solar sector due to poor visibility. Piper analyst Jesse Pichel lowered industry estimates for the 1st half of 09 and downgraded their rating of Canadian Solar (CSIQ) to Sell and ReneSola (SOL) to Neutral due to low order visibility for Q1 in Germany and zero visibility in other markets but expects some recovery in late spring, early summer but only if credit markets … Read the rest
Many of the downgrades and earnings misses in the solar names over the past several months have come in part due to the strengthening dollar as much of the sales for these companies are denominated in Euros. Barron’s is reporting that Barclay’s Capital analyst Vishal Shah says First Solar (FSLR), SunPower (SPWRA/SPWRB) and the Chinese solar companies stand to benefit the most. A continued weakening of the dollar along with an Obama presidency certainly could … Read the rest
It was a very good day for solar stocks, particularly for First Solar (FSLR) which surged above its 50 day moving average for the first time in 4 months and continues to look like it put in a bottom down there around 100. I said on October 31st, that if you can get it anywhere close to 100, it’s one heck of a buy.. now I think if you can get it close to … Read the rest
As Greentech Media reported yesterday, at least one analyst has concluded that First Solar has achieved the nirvana of green power: grid parity, or being able to produce electricity that’s as cheap as or cheaper than conventionally produced power. According to Mark Bachman, an equity analyst at Pacific Crest,First Solar’s 12.6 MW system for Sempra Generation is producing power at a cost of .075/kilowatt hour, compared to conventional power’s cost of $.09/kilowatt hour.
Greentech … Read the rest
With the Obama administration just weeks away from move in day, there are quite a few articles out there being written about ways to play the coming infrastructure and green energy boom. Much has been made of Obama’s plan to decrease our dependence on foreign oil and to a lesser degree, plans to spend big on infrastructure. Certainly infrastructure and green energy will be two big themes over the next 4 years and possibly beyond, … Read the rest
First Solar (FSLR) has announced that it has completed production on a 2MW solar power plant for Southern California Edison which was installed on the rooftop of a commercial building in Fontana, California. It’s the first project for SCE within a larger plan to install 250MW of solar power across commercial rooftops throughout Cali over the next 5 years. First Solar (FSLR) will also engineer, manufacture and install the next project in Chino, expected to … Read the rest
It’s getting late but wanted to run down the upgrades/downgrades of today as well as a few notes..
Lazard Capital Markets analyst Sanjay Shrestha said this week that although macroeconomic factors continue to depress alternative energy stocks, the future looks bright. “We believe Barack Obama’s election is a long-term positive for the alternative energy group,” Shrestha said. “Until the financial markets show signs of stability, the economy will likely continue to overshadow other policy agenda … Read the rest