Solarbuzz Reports Record Year For Solar But Over Supply Remains
Major PV Country Markets (GW) Source: NPD Solarbuzz 2012 Marketbuzz The latest data from Solarbuzz suggests that global PV installations reached a blistering 27.4 GW in 2011 – up 40% from 2010. Previous estimates had put that number closer to a still impressive 26 GW. However, it appears that second half demand was boosted by an acceleration [...]
Solar Update: More Downside Risk Before Buying Opportunity Emerges
In the past month since we recommended taking profits on our Tier One Chinese Solar trade, the sector has been hit heavily – largely driven by margin erosion and a generally less than encouraging earnings season. The key question from here is whether or not we are once again at prices which offer a buying [...]
Canadian Solar – Mixed Earnings, Too Much Exposure To Europe
Canadian Solar (CSIQ) became the latest solar company to release its results for the difficult June quarter and the picture is becoming increasingly clear – it was a terrible quarter, margins have been crushed but for solar as a whole it’s largely all priced in now. The stock itself had a bad day, down 5.7% [...]
