China solar stocks have been crushed over the past month, but today are green on a day when the market is down significantly. This is the kind of relative strength that indicates that perhaps they have reached a turning point. I think it’s too soon to call a bottom in the China solar stocks, but this is a good start. The relative strength certainly isn’t without a catalyst .. Deutsche came out with a bullish … Read the rest
Tag Archives: stp
Suntech (STP) Powers Net-Zero Showcase Home At Olympics
Suntech announced that their solar panels are being used to power a net-zero showcase home for the Vancouver Winter Olympics. The house, which is currently being used to house Olympic athletes, produces as much energy as it consumes each year, thanks in part to 6 KW of power generated by Suntech’s Just Roof (TM) solar roofing system.
The house, designed by RDC Homes, is so efficient that on an annual basis it may even produce … Read the rest
Barclays Downgrades Suntech Power (STP), LDK Solar (LDK) & Yingli (YGE), Evergreen Solar (ESLR) & Slashes Price Targets
Barcays is out with a few solar downgrades this morning..
Suntech Power (STP) gets downgraded from Overweight to Equalweight with a new price target of $12 from $16
Yingli Green Energy (YGE) downgraded from Overweight to Equalweight and price target slashed to $11 from $19
LDK Solar (LDK) downgraded from Equalweight to Underweight and price target halved to $4 from $8
Evergreen Solar (ESLR) downgraded from Equalweight to Underweight with the price target now under … Read the rest
Suntech (STP) Plans To Triple US Sales This Year
Suntech Power Holdings just announced that it is trying to triple its US sales this year, from 15 percent of the US market to 20 percent. The company also expects to expand its network of dealers in the US.Although some industry analysts are concerned that subsidy cuts in Germany could cut demand for solar panels, Suntech is optimistic htat lower polysilicon prices and increased demand from the US will balance it out.
In an interview … Read the rest
Suntech (STP) To Open First US Solar Plant In Arizona (Sept 2010)
The time and place for Suntech Power’s (STP) first US solar panel manufacturing plant are now official. The company announced today from the AZ4Solar Symposium that the plant will open up in Goodyear, Arizona around September of this year with an initial capacity of 30MW, but expandable to 120MW to meet growing demand if necessary. The plant will employ more than 70 local residents and showcase the company’s latest and greatest solar manufacturing technology. Arizona … Read the rest
Jefferies Out With Solar Upgrades: SPWRA, STP, SOLF, CSUN
According to StreetInsider.com, Jefferies is out with several solar upgrades following the two week plunge.
SunPower (SPWRA) upgraded from Hold to Buy, but price target lowered from $30 to $29. Shares are up 2.5% to $21.75 this morning. Shares are up about 3% in premarket trading.
Suntech (STP) upgraded from Underperform to Hold with a $12 target. Shares are basically flat in premarket trading.
Solarfun (SOLF) upgraded from Underperform to Hold with a $7 … Read the rest
Suntech’s (STP) Solar Panels Powering 2 Pavilions At Shanghai World Expo
Suntech just announced that they have hooked up solar power systems to provide energy for two pavilions at the Shanghai World Expo in China. The building-integrated solar systems on the pavilions provide a total power output of 3.12MW. Togther, the pavilions are expected to produce 2.8 million kilowatt hours of electricity, replacing 1,000 tons of coal consumption and 2,500 tons of carbon emissions annually.
In a press release, Dr. Zhengrong Shi, Chairman and CEO of … Read the rest
Suntech (STP) Panels Sell Out
Suntech just announced that it has sold out of its solar panels through the second quarter of 2010. Reuters quotes Steve Chadima, vice president of external affairs at Suntech, explaining the situation:
“We were basically in a sold-out situation in Q4 and we’re in a sold-out situation at least through Q2. We’re basically selling anything we can produce and I know we’re not alone.”
Demand for solar panels is back up from a low point … Read the rest
Solar Upgrades: SPWRA, STP, AMAT
A few solar upgrades to report this morning…
Suntech Power (STP) was raised to Neutral from Underperform by Macquarie. Shares are up about 3% on the upgrade. Click Here For Your FREE Suntech Analysis
Sunpower (SPWRA) was upgraded by Europe’s SocGen from Hold to Buy and raised the price target from $29 to $31.moving this morning as we have an analyst upgrade over at Europe’s SocGen. The firm raised its investment rating on SunPower shares … Read the rest
Suntech Power (STP) Signs 3 Solar Supply Deals Totaling 490MW
Suntech Power (STP) is announcing this morning it has secured solar supply agreements with three existing customers for up to 490MW to be delivered over the next three years. The European customers include a reseller, and EPC company and a project developer.. no word on who those customers are but with a little digging we could probably find out. No word on the financials either, but this is a substantial win for Suntech and the … Read the rest