Solarfun (SOLF) reported an EPS before one time provision adjustments of .16/share which represents a decline in growth over the year ago quarter for the first time in a few years but did beat low analyst expectations of .14/share. Quarterly revenue came in at $187.8 million, good for an 88% increase over the year ago quarter but a bit below analyst estimates of 195 million. The company sees Q4 shipments to be at or slightly … Read the rest
Tag Archives: polysilicon
Hoku Scientific (HOKU) Secures Materials For Solar Production
Hoku Scientific (HOKU) has announced this evening that they have secured a supply deal with BHS Acquisitions, a leading chemical supplier for supplies needed to produce solar grade polysilicon. BHS will supply Hoku with guaranteed amounts of HCI for eight years beginning in 2009 and is expected to be enough to support the continued operation of Hoku’s trichlorosilane plant, enabling the production of 4000 metric tons of polysilicon per year. … Read the rest
Yingli Green Energy (YGE) IN Supply Deal With Wacker Chemie
Yingli Green Energy (YGE) has secured a long term supply of polysilicon from Wacker Chemie which will supply Yingli with enough polysilicon to produce 380MW from 2010 to 2017
“Our business cooperation with Wacker Chemie, established in 2003, has developed over the years on the basis of the two parties’ long-term views of each other and of the PV industry. As of today, we have secured seven mid- to long-term virgin polysilicon supply agreements with … Read the rest
ABB And LDK Solar (LDK) Sign $36 Million Equipment And Services Contract For New Plant
ABB announced today that it has entered a new solar equipment, system and service contract with LDK Solar worth at least $36 million dollars. Under the contract, ABB will assist LDK Solar in the construction of a polysilicon production plant in Xinyu City, China.
Once its built, the new plant will be Asia’s largest, producing 15,000 metric tons of polysilicon per year. ABB will provide electrical systems, equipment and project management services to LDK. … Read the rest
Hoku Materials (HOKU) Secures Power for Polysilicon Production
Hoku Materials, a subsidiary of Hoku Scientific (HOKU) announced the signing of an electric service agreement with Idaho Power Co. for the purchase of electricity to power Hoku’s planned polysilicon production capacity of about 4000 metric tons/year.
“We are pleased to have finalized these agreements,” said Dustin Shindo, chairman and chief executive officer of Hoku Scientific. “The cost of electricity is the largest single component of polysilicon production costs for a Siemens-based process such … Read the rest
LDK Solar (LDK) Files Shelf Registration & Proposed Follow on Public Offering
LDK Solar (LDK) announced today it has filed a shelf registration statement on Form F-3 with the SEC providing for the offering on a delayed or continuous basis of equity and debt securities. In addition the company has filed a preliminary prospectus supplement wit the SEC for a proposed follow on public offering of ADS shares. The offering size is expected to be $150 million and 60% of the proceeds are going to be used … Read the rest
Hoku (Nasdaq: Hoku) Enters Second Contract With Tianwei New Energy Wafer Co.
Marketwire reports that Hoku has entered into a second contract with Tianwei New Energy Wafer Co, bringing it one step closer to funding the polysilicon plant it is constructing in Idaho. Hoku has also increased the capacity of the proposed plant, from 3,500 metric tons of polysilicon to 4,000.
Under the new contract with Tianwei, Tianwei will pay Hoku Energy an additional $227 million, more or less, for predetermined amounts of polysilicon, to be delivered … Read the rest
Hoku (HOKU) Up Big On $455 Million Contract
Hoku (HOKU) was up nearly 14% today and looks ready to attack the 200 day moving average around 8/share in the coming weeks following news that the company signed a $455 million supply contract with Solargiga Energy Holdings.
Under terms of the deal, Hoku will supply polysilicon to Solargiga over a 10 year period and up to $455 million may be payable to Hoku during the 10 year period, subject to product deliveries and … Read the rest
Hoku Materials (HOKU) Ends Supply Contracts
Hoku Materials, a subsidiary of Hoku Scientific, Inc, announced today that it will terminate supply contracts with two of its customers, Sanyo Electric Co and Global Expertise Wafer Division Ltd, in a bid to reallocate resources to other customers.
Hoku Materials, Inc makes and sells polysilicon for solar power. Recently, Hoku announced polysilicon purchase contracts worth more than $1 billion with three different companies. Hoku Materials has entered into agreements with Kinko Energy, Tianwei New … Read the rest
Canadian Solar (CSIQ) & GCL Silicon Sign Long Term Supply Contract
Canadian Solar (CSIQ) has signed two long term supply contracts with GCL Silicon Tech strengthening its polysilicon and wafer supply chain. Under terms of the deal, GCL Silicon will supply CSIQ with 500 metric tons of polysilicon this year and next and nearly 2 GW of wafers from 2010 to 2015
"These two contracts help us to further secure our supply chain with strong suppliers at favorable long-term contract prices," Canadian Solar Chief Executive Shawn … Read the rest