Tag Archives: Solar

Axiom Capital Sees Potential Armageddon In Solar Due To Coming Supply Glut

I just posted about the Credit Suisse caution about increasing solar supply and softening demand for next year.  They aren’t the only ones sounding the caution alarm.  A couple days ago, Axiom Capital was quoted in Bloomberg as saying it could be an Armageddon situation in the solar space next year as capacity ramps up and demand softens.  Analyst Gordon Johnson potentially sees supply outstripping demand 3:1 which would send prices crashing (he predicts to … Read the rest

Green Stocks Upgrade/Downgrades Roundup: CREE, SPWRA, YGE, FSLR, STP

There were a few upgrades and downgrades of green stocks today, particularly in the solar space that I wanted to run through tonight. 

Macquarie made a few calls in the solar space worth mentioning:

Yingli Green Energy (YGE) was upgraded from Neutral to Outperform.  Shares finished up more than 5% and bounced off the 50 day moving average.

Sunpower (SPWRA) was upgraded from Underperform to Neutral.  Shares finished up nearly 7% today and are nearing … Read the rest

FBR Capital Markets: Today’s Solar Stocks Rally "Driven By Innacurate Assessment Of China Subsidy News"

Hat tip to StreetInsider.com for the following comments out of FBR Capital Markets which basically said the run up in solar stocks today on the China solar subsidy news is an overreaction.

FBR said the “Golden Sun Program” will not save solar stocks entering earnings season and that the translated version of the press release issued by CMF suggests that the central government in China decided to support financially any electricity generated by solar PV … Read the rest

Akeena Solar (AKNS) Breaks Out With Near Record Volume

I didn’t see any news today that would account for a 22% move with near record volume, but Akeena Solar (AKNS) did breakout today, surging off the 50 day moving average as it appears big traders continue to build positions.  Today’s momentum likely carries AKNS to the 200 day moving average around 2 and potentially beyond in the coming weeks.  Perhaps it’s following that other solar installer stock Real Goods Solar (RSOL) which has more … Read the rest

Obama At Nellis Touts Solar, Geothermal (Video)

Prez Obama spoke at Nellis Air Force base today discussing the importance of renewable energy and announcing funding efforts for solar and geothermal.  Nellis Air Force base is home to the largest solar installation in the Western hemisphere and provides 25% of the electricity for the 12000 who live and work at the base, saving the military about $1 million a year.

Here are some highlights of the speech..

“America produces less than 3 percent … Read the rest

Lazard Capital & Collins Stewart Buy Rating On Yingli Green Energy (YGE)

Yingli Green Energy (YGE) is erasing Friday’s losses after Collins Stewart maintained its Buy rating and raised the price target from $10 to $11 and Lazard Capital upgraded the stock from Hold to Buy this morning.

Here are the comments from Collins according to Street Insider.  Not exactly bullish comments!

“YGE’s 1Q09 revenues were $146M, 20% below our $181M forecast and the $194M consensus. Revenues were down 36% yr/yr and 43% sequentially. We estimate … Read the rest

Suntech Power (STP) Has Plans To Triple US Business in 09

Suntech Power (STP), the large China solar company has plans to triple its US business in 2009 in a joint venture with MMA Renewable Ventures forming Gemini Solar Development LLC and plans to target projects greater than 10MW.  Suntech has also acquired EI Solutions, a Cali commercial system integration company that will target government, utilities and large commercials customers AND has expanded its US dealer network to increase penetration into residential and smaller commercial projects.  … Read the rest

Suntech (STP) Will Power Largest Building Mounted PV Project in Arizona

Suntech (STP) has announced that it will provide 1.6 MW of solar panels to Sun Devil Solar LLC, a subsidiary of Integrys Energy Services for its project with Arizona State University.  ASU will install the modules on top of two parking structures in the middle of campus and is to be completed by the end of this year.  It’s expected to produce enough electricity to power 3680 computers each year (the equivalent of 260 … Read the rest

House Extends Solar, Wind, Green Energy Tax Credits..

The StreetInsider.com is reporting that there are rumors that the House has also voted to extend the tax credits for solar, wind and other renewable energies… Remember the Senate passed the bill a few days ago.  I’ll have an update soon.

Update: The story is out on Reuters now.  The House measure is similar to the Senate bill that has passed with an exception.. it leaves out incentives to develop oil from shale … Read the rest