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Citigroup and Piper Jaffray Comment on Solars |
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| Mar 14, 2008 08:02 PM UTC |
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Tracked Blogger
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3/10 - "Citigroup...expects that reelection of the Socialist Party will result in more favorable solar tariff policies post the current policy's expiration on 30 September 2008...Sees Suntech (NYSE:STP) and Yingli (NYSE:YGE) as main beneficiaries due to their exposure to Spanish mkt." "Piper Jaffray notes a very damaging article (and pictures) appeared in the Washington Post on Sunday March 9 which highlighted one of the problems with poorly designed Chinese poly plants. Some plants in China, like Luoyang Zhonggui (a supplier to STP, LDK and CSIQ) cannot recycle the byproducts back into the process (toxic silicon tetrachloride) and the article claims the company has been dumping the unrecyclable chemicals back into the land." "I think that following the initial knee-jerk in reaction to Washington Post article, both STP and YGE become nice bounce plays. Spain trumps China. I also like MEMC (NYSE:WFR) for a trade here. As one of the major producers of poly, they would definitely benefit from increased demand in Spain. Also, problems at Chinese competitors is good news for the co." 
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6 Related Views
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 84% risk: moderate |
LDK Solar: Fully Booked Up, Stock Still in Gutter
3/13 - "LDK Solar Co., Ltd. (NYSE: LDK) came out with projections showing thats backlog for its solar wafer capacity is fully booked for 2008 and more than 90% booked for 2009."
"This almost trades as a value stock, assuming there are no problems that haven't yet come out. This one has been under fire and has more than one critic, so those "values" might have an asterisk behind them. Analy...
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N/A risk: moderate |
Suntech (STP) Actionable Trading Call
Via Notable Calls - 3/12:
"Cowen is out with a good call on Suntech (NYSE:STP) saying that trading around 12x 2009E EPS, they believe STP shares offer 50%+ upside vs. the market in 12 months. Investors may be puzzled by the timing of the convert offering, given current market conditions and the low share price. However, this is driven by the lead time to add polysilicon capacity, and it shou...
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N/A risk: moderate |
SunPower (SPWR) Should Weather Decline in Solar Subsidies, Margins
Via AP - 3/11:
"Shares of solar-power company SunPower Corp. rose Tuesday as an RBC Capital Markets analyst said the company should be able to weather the expiration of government incentives and potentially weaker panel margins over the long term...Analyst Stuart Bush noted that if expiring government incentives for solar power are not renewed, it will put pressure on demand in the U.S. and ...
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N/A risk: moderate |
Here Comes the Sun: EMCORE Should Prove Profitable
3/12 - "Emcore's industry leading multi-junction solar cells enable a new class of high power communications satellite for direct to home broadcasts and advanced satellite services. These advanced solar cells have also been adapted for use in terrestrial concentrator applications and have attained conversion efficiencies in excess of 37%. These products will make possible cost competitive conce...
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N/A risk: moderate |
Upgrading JA Solar to Strong Buy Following Q4 Earnings
3/13 - "We believe JASO is attractive for the following reasons: 1) it has solid supply agreements for silicon wafers that covers 100% of our 2008 and 2009 sales estimate; 2) It has a solid customer base that is increasingly more diverse geographically. 100% of the output is sold out at fixed pricing; 3) JASO has a cost advantage as the lowest processing cost producer in the industry at $0.19/W...
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N/A risk: moderate |
Contradictions in the Solar Market
3/5 - "There are a great deal of contradictions in the solar marketplace based on these scenarios. The first contradiction is a result of the huge expansion in the industry. Total capacity announced for nearly 100 panel manufacturers (thin film, monocrystalline, and polycrystalline), comes to 10.7 GW for 2008, while solar production is forecast to reach only 5.6 GW. That equates to a capacity u...
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