534 replies to this topic

[kknd1234]

China Solar: 2014 Demand Challenged And Policy Driven, Says Nomura

Chinese solar companies have been sold off in the last month. Trina Solar (TSL) slumped over 30% from its early March high; Yingli Green Energy (YGE) is down almost 40%; JinkoSolar (JKS) fell 24%; Canadian Solar (CSIQ) retreated over 30%; and ReneSola (SOL) fell almost 30%. This sell-off follows Chinese solar companies’ meteoric rise last year.

 

http://blogs.barrons...arrons&ru=yahoo

[nanofrogfish_spf]

Pretty good and objective article imo, covering the 4 major markets. Nomura continues to show me that they have the best knowledge of the overall solar industry imo of all the analyst firms. And they don't put out a bunch of half-truths just so they can pump or bash the industry to their liking...a far cry from the "old" days.

 

I might be a little bit biased, but I do like the concluding paragraph the best;

 

As such, Nomura Securities prefer Chinese solar names with low debt levels, such as Trina Solar and Canadian Solar, as well as names that have meaningful geographic breath such as Candian Solar.

[odyd]

If you take Chinese factor as a concern, Canadian would look the best with their limited engagement among CN7. TSL building plants in EU got the attention, but TSL plans to have large exposure to China. Nevertheless I like the name too.. 

 

One thing, which I am curious about, without a broker being Captain Obvious for own picks, is that they do not see differentiation for own or any other names in China. They see the redirection as a solution.

The approach that everyone is a game to get to Chinese targets equally and thus equally affected by lower objectives or challenges in them is somewhat not logical, unless they see through the party line and see them to fail the consolidation.

Since they took the discussion with Shunfeng, there could be a problem with the assessment. and when Shunfeng talks about their ballistic targets, taking 30 or 40% of the quota. On the other hand, JKS has been upbeat, so I am curious if they talk market general or individual companies.

I like the part about the US as non-event. I like it as I share the view. 

[odyd]

Nomura on Trina,

http://blogs.barrons...arrons&ru=yahoo

[BIPV Investor]

Nomura on Trina,

http://blogs.barrons...arrons&ru=yahoo

 

Does Shuli Ren have the easiest job or what? Doesn't even have to fact check her articles or research them! Really she should just stick with posting analyst comments.

 

"...scheduled to report its first-quarter earnings on May 27."

 

Best I can tell, she is just making up dates as even Google and Yahoo have the 4th listed. Trina's own website has not date listed on their calendar of events. If someone knows otherwise, please let the board know.

[odyd]

Yes, BIPV that is unforgiving.

[SolarRoof]

ReneSola: Is This Drama Queen Worth The Risk?

Apr. 22, 2014 2:38 AM ET 

 

http://seekingalpha....-worth-the-risk

[greensolar]

The Koch brothers are going after solar panels

http://www.salon.com...r_solar_panels/

[odyd]

 

ReneSola: Is This Drama Queen Worth The Risk?
Apr. 22, 2014 2:38 AM ET
 
http://seekingalpha....-worth-the-risk

 The only interesting part about the article immortal larry aka forest showed up with his legendary question about YGE.

[greensolar]

  Fossil fuel industry running climate change denial campaign

http://trib.com/news...b76b187681.html

[sunnysky]

 

Government leaders urge Duke to invest in solar, energy efficiency

http://www.tampabay....ciency/2176358?

 

 

More than two dozen local, state and federal officials called on Duke Energy to make solar and energy efficiency bigger priorities in the delivery of electricity.

 

In a two-page letter delivered Tuesday to Duke Energy Florida President Alex Glenn, the government leaders urged the utility to invest in clean energy technologies as a way to help bolster Florida's economy.

[sunnysky]

Stellar Growth Ahead for Solar

http://www.investing...ad-for-solar-2/

[sunnysky]

20 Cities Leading Rooftop Solar Revolution

http://cleantechnica...ar-revolution/?

[odyd]

Looks like Chaori is done

http://www.pv-tech.o...e_listing_looms

[odyd]

Solargiga living off Sharp's deal moving modules to Japan 46MW in January and Feb alone, do not know the breakdown for modules, but I would expect still nice numbers for March for the Chinese. Taiwan had the best month in March. Perhaps YGE, TSL are having private moment.

http://www.hkexnews....01404161366.pdf

 

IHS said Q1 for China is 1.3GW installations, I had 1 to 1.1GW for US-listed (CN7) as deliveries to China.

[explo]

Yingli Expects Debt Pressure to Ease as Solar Shipments Increase

 

http://www.bloomberg...s-increase.html

 

Sounds like they hope to raise equity once they show profit. I guess they assume PPS will be more attractive for equity raise once they show profit. Their PS is becoming low, so there's some nice potential in case of a successful turn around. My view is that the risk still clearly outweigh the reward and the case can only fit as a smaller stake in a diversified portfolio.

[explo]

Pricing is stabilizing again after slight pressure in the seasonally slow Q1:

 

http://pvinsights.com/

http://pv.energytren...ricequotes.html

[spiritcraft]

The Koch brothers are going after solar panels

http://www.salon.com...r_solar_panels/

 

Two evil and spiteful "humans".   Their kingdom is based on pollution and they will fight to the death anything that threatens it.  They back hideous legislation and don't care who it harms as long as it lines their pockets further.  They must be hurting after all of those net metering defeats.

[abcdefgjoho]

on yge comment. this underlines again that yge might survive as a good comp but that there is no profits to be made with them for shareholders.

 

unless you are lucky that someone buys that comp at high price or you have a solar general market run - where you then can also gain with CN4 I say.

 

so the only way for yge to get debt under control seems to be the capital market. yes, this is what i thought. that debt cant be worked-off with the next to zero profits they make. I dont see their debt going away with quarterly profits at all.

almost see them as a hedge candidate for volatile market times - if they come

[explo]

I agree Abc. The PS will get even lower relative to peers.