Auriga sent over a research report to us this morning, reiterating their cautiously bullish stance on China solar stocks following a 7 day trip throughout China. The firm visited both public and private companies and while positive in the near term for both shipments and pricing, there is some trepidation due to rising costs.
Commenting on earnings season, they feel that while most companies will post beat and raise quarters, some may reveal some margin … Read the rest
According to StreetInsider.com, Piper Jaffray is out cutting estimates on the solar sector due to poor visibility. Piper analyst Jesse Pichel lowered industry estimates for the 1st half of 09 and downgraded their rating of Canadian Solar (CSIQ) to Sell and ReneSola (SOL) to Neutral due to low order visibility for Q1 in Germany and zero visibility in other markets but expects some recovery in late spring, early summer but only if credit markets … Read the rest
Yingli Green Energy announced that after it reaches 600 MW of capacity in 2009, it has no further plans to expand. The company recently upped its capacity to 400 MW, and will add an additional 200 MW capacity by the 3rd quarter of next year.
The AP reports that the company’s "cash and cash equivalent totaled about $130 million on Sept. 30, and that its cash flow is sufficient for the rest of 2008 and … Read the rest