India’s 10 GW Solar Proposal
News in the past few days suggests that the Indian government has tabled a proposal which if implemented would put in place 10 GW of solar energy between 2012 and 2017. The Indian Jawaharlal Nehru National Solar Mission already has a target of adding 20 GW of solar energy by 2022. Hopefully, this latest proposal will help [...]
Suntech Power: Progress on Costs But Industry Over Supply Still A Negative
In many ways Suntech Power’s (STP) first quarter earnings report provided some supportive insight into the process of consolidation currently underway in the solar industry. The financial numbers were of course less than constructive, though much as expected as pricing pressures continue to make life difficult for the sector. However, perhaps of more interest were [...]
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 [...]
