According to a report released by Greentech Media and the Prometheus Institute, the solar power market will continue to grow, with thin-film photovoltaics leading the way. The authors predict that thin-film solar production will double each year for the next three years, reaching 4.18 GW worth of equipment in 2010, and almost 10 GW by 2012.
According to the report, most companies entering the industry are focusing on the development of amorphous-silicon films on glass. … Read the rest
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
LDK Solar announced today that is has signed a 5-yr contract with Solartech Energy. Under the contract, Solartech Energy will receive 550 MW worth of the wafers over a 5 year period starting in 2009 and ending in 2013.
Xiaofeng Peng, the chairman and CEO of LDK Solar commented on the deal:
"We are pleased to expand our long-standing relationship with Solartech with this additional contract. Having worked with Solartech since the company became one … Read the rest
GT Solar (SOLR) has disclosed a 173 million contract with DC Chemical that it signed on July 11 of this year and will have GT Solar providing DC Chemical with state of the art polysilicon CVD reactors which are used to manufacture polysilicon, the key raw material used to produce solar cells. This is the 3rd contract between the two companies.
“GT Solar has been a trusted provider of equipment and expertise to DC Chemical … Read the rest
Suntech Power (STP) has signed a 2nd polysilicon supply agreement with South Korea based DC Chemical with a total value of about 750 million from 2010 to 2016. Back in March the two companies inked another supply deal worth around 630 million.
Dr. Zhengrong Shi, Suntech’s Chairman and Chief Executive Officer, stated, ”We are pleased to expand our existing relationship with DC Chemical, a key upstream partner and an emerging market leader. Contracts such as … Read the rest
LDK Solar, a company from China that manufactures solar wafers, held a ceremony 0n August 23rd to celebrate increased production capacity. At this time, their plant is capable of producing 1.0 GW of wafers, and they plan to increase that even further to 1.2 GW capacity by the end of the year.
Also, LDK Solar released financial projections for 2009, with predicted revenue exceeding analysts’ expectations. Here is their financial outlook for 2009:
… Read the rest2009
A nice 220 million contract for Applied Materials (AMAT) was announced this morning and under terms of the deal, AMAT will supply precision wafering systems to support LDK Solar’s expansion plans and begin shipping in early 09.
Applied Materials called the deal the largest contract ever awarded for wafering systems
“We believe that Applied’s state-of-the-art wafering systems, including its HCT wire saws and squarers, are the best choice to help us scale up capacity to … Read the rest
ReneSola (SOL) posted outstanding results this morning with an EPS of .38, nearly 4x higher than the year ago quarter and 6 cents ahead of analyst estimates. Revenues came in at 173 million, a 289% increase over the year ago quarter and more than 30 million ahead of estimates.
The company sees FY revenues of 640-670, vs prior guidance of 570 – 590 and the analyst estimate of 612.
“We are excited about the … Read the rest
Trina Solar (TSL) reported a very strong quarter and more than doubled profits but missed analyst estimates of .81/share by reporting .76/share after taking out the one time charge for the closing of the polysilicon project in Lianyungang. The company was also hit on currency fluctuations to the tune of .24/share. Revenues came in ahead of estimates and nearly tripled to 204.2 million and the company raised expectations for the year.
Trina Solar (TSL) is … Read the rest
A few upgrades of green energy stocks this morning:
* A-Power Energy (APWR) Started at a Strong Buy by Raymond James
* Sunpower (SPWR) upgraded from Neutral to Buy on valuation and the PG&E deal by Merril Lynch
* Stanford Group initiates coverage on EMCORE (EMKR) with a Buy rating… Read the rest