Tag Archives: spwra

Barclays Capital: Be Selective In Solar; Top Picks STP, TSL, WFR, SPWRA

Everybody wants to get in their predictions for the year and Barclays Capital is providing its thoughts on the solar industry as well according to Barrons.  Analyst Vishal Shah notes that the fundamentals were much better than expected last year, but could come under pressure particularly in the second half of the year.  He mentions that in order for the solar market to thrive again, US and China demand will need to pick up … Read the rest

Credit Suisse Chimes In On Solar Stocks: Cautious Calling 2011 A Transition Year; Top Picks WFR, JKS, TSL, STP

Earlier today I posted a summary of Auriga’s bullish outlook on solar stocks for 2011.  According to Barrons, Credit Suisse has also posted their outlook for solar stocks this year, but is less bullish.  They have a cautious view in the near term and a Market Weight rating on the sector.

Auriga commented on the elasticity of the solar market where demand picks up as prices fall.  Credit Suisse notes that this has traditionally … 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

Sunpower (SPWRA) Signs 711MW Power Purchase Agreement With Sun Edison

SunPower (SPWRA) is announcing this morning it’s signed power purchase agreements with Southern California Edison for a total of 711MW of solar power in California. The three contracts include power agreements for plants in Los Banos and Rosamond and would generate enough energy for nearly half a million homes.  Sunpower will use its Oasis modular solar block technology to get the plants up quickly and optimize the use of land.  The plants are expected to … Read the rest

Sunpower (SPWRA) To Build 20MW Solar Plant For Iberdrola Renewables Copper Crossing Project

Last month Sunpower (SPWRA) announced a deal with Iberdrola Renewables to design and build a 30MW solar plant and  this morning comes news of a 20MW solar plant for Iberdrola in Arizona.  Sunpower will use its Oasis Power Plant product which integrates its E19 panels with tracking technology and all the cabling.  It’s designed to deploy quickly.  Iberdrola will own and operate Copper Crossing.

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"SunPower Oasis … Read the rest

Sunpower (SPWRA) To Build 3.4MW Solar Plant In Italy

SunPower (SPWRA) signed a contract to work with E.ON Climate and Renewables Italia Solar to design and build a 3.4MW solar power plant in Italy’s Lazio region using ground mounted systems with tracking technology. Construction on the plant will start this year and is expected to be completed in April 2011.

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“E.ON, a recognized global leader in the development of renewable energy, understands that SunPower technology … Read the rest

Sunpower (SPWRA) Building Solar Power Systems At Two Water Plants In San Diego

SunPower (SPWRA) announced yesterday that it’s building solar power systems at two California water plants in San Diego – the Fallbrook Public Utilities District and the San Juan Water District.  The ground mounted solar systems using tracking technology are expected to be fully operational within a few months.

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“SunPower is very experienced in working with water agencies, and assisted us with obtaining the QECBs and making … Read the rest

Hedge Funds Increase Green Stocks Short Selling (TSLA, FSLR, SPWRA, AMSC, ZOLT)

Bloomberg reports that short selling in green stocks has been increasing and is nearly four times the short selling in the S&P.  In November, 17% of shares in the 35 stocks that make up the Wilderhill New Energy Index are sold short, up from 16% last month and 15% in September.  That compares with the 4.4% short ratio of the stocks that make up the S&P.

Among the most heavily shorted stocks are Zoltek (ZOLT) … Read the rest

Green Stocks Analyst Ratings Roundup (SQM, SPWRA, AONE, LDK, FSLR)

Here’s a run down of today’s green stocks analyst calls…

(via Benzinga) Axiom Capital pointed out an article over at the Financial Times (in German) that discussed the potential of additional solar subsidy cuts in Germany due to increasing electricity rates associated with the boom in solar installations.  Nothing set in stone yet, just proposals. Solar stocks have been slammed in recent weeks and were down another 2% today (solar ETF TAN).

JP Morgan … Read the rest

Auriga In Wait & See Mode On Sunpower (SPWRA), Maintains Hold & Lowers PT

Auriga is out with a research report on Sunpower (SPWRA) this morning following the recent analyst day and the firm is maintaining its Hold rating on the company, but lowering the price target a bit from $12 to $11.  Here are the highlights..

– Operating cash flow expected to be much improved, but results have yet to be proven
– Lowering non GAAP EPS estimate due to lower margins from $1.28 to $1.25/share
– Sales … Read the rest