The going is good for LDK Solar. First the blow out earnings results yesterday, this morning a new 5 year contract to supply multicrystalline wafers to India based XL Telecom & Energy. They will deliver about 300 MW of the silicon wafers over the 5 yr period, beginning in early 09 with XL Telecom making a down payment for a portion of the contract value. No word on the total value of the contract.… Read the rest
Tag Archives: Solar Energy
Piper Maintains BUY On Yingli (YGE) & $45 Price Target
According to StreetInsider.com, Piper Jaffray is reiterating its Buy rating on Yingli Green Energy (YGE) and maintains a price target of $45 on the stock, which would be a triple from current levels.
The firm believes YGE has the lowest processing cost in the industry and the highest poly cost today which levers it to the eventual spot poly price reduction that they see happening in 09. The firm also likes the fact that … Read the rest
Daystar Technologies (DSTI) Reports Loss and Misses
Daystar (DSTI) reported another whopper of a loss after the bell today and missed analyst estimates by 2 cents when it reported a loss of 7.3 million for the quarter, an increase of about 15% over the year ago quarter. DSTI is a company far from profitable and not expected to get there anytime soon.
The CEO tried to put a positive spin on it.
“I am pleased that we have met all of the … Read the rest
Akeena Solar (AKNS) Quality Issues With Andalay Line
According to Barron’s Tech Trader Daily blog, Pacific Crest analyst Mark Bachman reveals quality problems with Akeenas’ solar panels. Some of the problems he mentions, quoting information revealed by his contacts, involve the frame, not the performance of the modules themselves. Bachman continues: “Akeena touts the aesthetically pleasing nature [of its Andalay line] as a key contributor to charging a premium price. Poor manufacturing quality affecting the looks, coupled with reports from our contacts that
Canaccord Starts JA Solar (JASO) and Canadian Solar (CSIQ) At BUYS
According to the StreetInsider.com Canaccord Adams initiated both JA Solar (JASO) and Canadian Solar (CSIQ) with buy ratings this morning.
On JASO:
“We are initiating coverage on JA Solar with a BUY rating and $19 price target as we believe that it will continue to benefit from its leading position in the silicon solar cell market and from its low-cost strategy.”
On CSIQ:
“Given the likelihood for raised expectations, the near-term benefit of UMG access, … Read the rest
Hoku Scientific (HOKU) Signs $300 Million Polysilicon Deal
Hoku Scientific (HOKU) ramped up 15% today and above the 50 day moving average on news of a big supply deal for solar grade polysilicon. HOKU will supply China based Kinko Energy with solar grade polysilicon over a 10 year period beginning in late 2009 with a value of approximately 300 million. The contract calls for an initial $10 million payment to HOKU and additional prepayments of 20 and 25 million over the next … Read the rest
First Solar (FSLR) Blows Out Estimates, Surges After Hours
First Solar (FSLR) blew away lofty estimates after the bell today and the stock surged nearly 10% after hours. ClusterStock has a great live analysis of the earnings.
EPS came in at .85 vs the estimate of .58 while revenue was equally impressive at 267 million vs estimates that called for 217 million. Gross margins also surged to more than 54%.
I fully anticipate a breakout move in the stock tomorrow, potentially closing in on … Read the rest
Credit Suisse Initiates Energy Conversion (ENER) With Outperform
Credit Suisse has slapped an outperform rating on ENER this morning saying that large commercial roof tops and mid scale free field end markets will grow faster long term, as they best capture distributed renewable aspects that differentiate solar PV among renewables. ENER is the only company making flexible & light weight solar laminates that can be rolled onto rooftops.… Read the rest
Trina Solar (TSL) & Suntech (STP) Sign Deals With Enel of Italy
Trina Solar (TSL) has entered into a sales agreement with Italy’s largest power company, Enel. The two agreement calls for supplying Enel with a total of 17MW. “We are very pleased to have entered into this sales agreement with Enel, a globally recognized power provider who is committed to investments in new power sources from environmentally-friendly technologies,” stated Jifan Gao, Trina Solar’s Chairman and Chief Executive Officer. “We look forward to building our relationship with … Read the rest
Canadian Solar (CSIQ) Upgraded to Buy
According to StreetInsider.com, Deutsche Bank upgraded Canadian Solar (CSIQ) from HOLD to BUY with a $45 price target due to valuation after the recent sell off.
“We are upgrading CSIQ to Buy (from Hold) following a substantial retracement in the stock, an improved operational outlook (i.e. GM reset to mid-teens, traction in UMG-Si based e-modules, no data to de-rail the UMG-Si argument over the near-term, capital raise and capacity expansion through 2010), and a … Read the rest