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 [...]
Solar: Taking Some Profits On a Blistering Trade
Source: Barchart Yesterday, the solar sector had a blistering day, with the overall Guggenheim Solar ETF (TAN) up 8%. Moreover, our three main stock recommendations, Yingl Green Energy (YGE), Trina Solar (TSL) and Suntech Power (STP) were up +20.4%, +18.6% and +8.6% respectively. As welcome as these moves are, they now raise the always tricky issue concerning where [...]
Tier One Chinese Solar To Continue To Outperform
TAN v STP, YGE and TSL Source: Barchart The chart above tells a particularly interesting story. Back in November of 2011, having been bearish on solar for some months, we argued that the market was finally beginning to see a process of rebalancing in the solar sector. A key component of this of course related to [...]
Payrolls To Allow Stocks To Rally On Any Good News From G20
Source: Bloomberg The headline employment number was weak, coming in at only 80k jobs added versus expectations of 95k. However, the employment numbers for the previous two months were revised up by a net total of 102k. The unemployment rate also fell to 9% from 9.1% previously. Overall, the numbers were therefore a touch better [...]
