Tag Archives: solf

Auriga Reiterates Buy On Hanwha SolarOne (SOLF)

Auriga was out with a note yesterday, reiterating its Buy rating on Hanwha SolarOne (SOLF) and $16 price target which is nearly a double from current levels.  The firm noted the recent 54MW supply deal with SunEdison which didn’t come as surprise, but the size of the deal did.  Auriga also points out that their sales channel is improving and the relationship with Q-Cells remains intact and unchanged.

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Hanwha SolarOne (SOLF) Expands Relationship With SunEdison With 54MW Supply Deal

Hanwha SolarOne (formerly Solarfun) (SOLF) has signed a 54MW solar supply deal with MEMC Electronics (MEMC) to supply its SunEdison subsidiary for this year for use in utility scale power plants.   An optional additional 30MW is available as well.

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Dr. Peter Xie, President of Hanwha SolarOne, commented, "We are pleased that MEMC has again selected us as a supplier of PV modules for SunEdison projects. … Read the rest

Auriga’s Bullish Outlook For Solar, Sees 23% Growth, Top Picks SOL, JKS, SOLF

Auriga released its 2011 report on the solar industry last night and I wanted to summarize it a bit here for my readers.  Auriga continues to remain generally bullish on the sector and doesn’t buy into the weakening demand + supply glut scenario that several other analysts are predicting for 2011/2012.   They predict 23% growth for 2011 and highlight the elasticity of the solar market where as prices decrease demand picks up.  They cite a … Read the rest

Jefferies Says American Superconductor (AMSC) Best China Wind Play, Wells Fargo On Solar Stocks

Jefferies has a Buy rating and a $41 price target on American Superconductor (AMSC) and believes it’s the best wind play in China since its largest customer is Sinovel which is the #1 wind energy company in China.

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Wells Fargo is out this morning with several solar calls and is mostly bearish.  They upgraded Yingli Green Energy (YGE) from Market Perform to Outperform citing low production … Read the rest

Auriga Upgrades Solarfun (SOLF) To Buy, Maintains Buy On Yingli Green Energy (YGE)

Auriga issued reports on both Solarfun (SOLF) and Yingli Green Energy (YGE) and remain bullish on both.

They are maintaining the Buy rating on Yingli Green Energy (YGE) but reducing the price target a bit from $15 to $13 because the firm believes margins may be peaking.  However they believe the Fine Silicon depreciation and Panda expansion costs are overblown and believe the company will continue to gain market share.  Shares of YGE traded down … Read the rest

Solarfun (SOLF) Beats & Raises Guidance, But Shares Down On Follow On Offering

Solarfun (SOLF) has reported earnings results this morning that beat analyst estimates, but the stock is being pressured on news the company will raise funds in a follow on offering and will look to sell nearly $70 million in shares.

The company reported a non GAAP EPS of .69/share vs the analyst estimate of .49/share on revenues of $327 million vs the analyst estimate of $287 million.  That’s another quarter of huge growth with quarter … Read the rest

Solarfun (SOLF) EPC Contractor For 8MW Solar Plant In China

Solarfun Power (SOLF) announced an EPC contract with Guangdong Guohua to design, engineer, build and supply the solar modules for an 8.1MW solar power plant in Heyuan City, China.

The plant which is subsidized by the national Golden Sun program is expected to be operational by the end of this year and cover 74 acres. 

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SOLF CEO Ping Peter Xie commented: "We are excited to … Read the rest

Solarfun (SOLF) Launches New E-Star Solar Modules

Solarfun (SOLF) announced this morning the release of their new light weight and high efficiency, E-Star solar modules for small commercial and residential customers.  The new modules are 3kg lighter and feature a 2% increase in peak watts/square meter over traditional modules.

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"We are pleased to release our latest high-performance module that combines high efficiency technology with a sleek new appearance," said Dr. Mohan Narayanan, … Read the rest

Auriga Downgrades Solarfun (SOLF) From Buy To Hold On Possible Margin Pressure

Auriga is out downgrading shares of Solarfun (SOLF) this morning from Buy to Hold, but maintains the $13 price target because the firm feels the company may miss margin estimates on the Q3 call due to higher input prices.  While they remain considerably bullish on the company, they recommend stepping aside until consensus expectations are re-evaluated.

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Their 2011 assumptions are unchanged and clarity on ramping … Read the rest

Analysts Bullish On Several Green Stocks (AMSC, SRCL, WFR, SOLF, STP, FSLR, TSL)

Wunderlich Securities rates American Superconductor (AMSC) a Buy and has a $50 price target which would represent a nearly 70% move up from current levels.  The firm notes that the company has significant cash reserves and no debt.  Shares of AMSC continue to remain in basing pattern and are now testing resistance of the 200 day moving average.

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Wunderlich is also bullish on shares … Read the rest