The U.S. Supreme Court has ruled that the Environmental Protection Agency (EPA) has the authority to regulate carbon dioxide emmisions. The ruling means the EPA must regulate automobile CO2 emissions unless that agency can show the science of global warming is too uncertain to justify action. Although few expect the ruling to lead to immediate…
SunPower (SPWR – $46.40) has been on a medium uptrend since the September 2006 low of $26, and after strong gains in the last few sessions on the back of above average trading volumes, the share price is testing the all time high of $48. Bank of America (BAC), DeutscheBank (DB), Citigroup (C) and Thomas…
As we pointed out in a previous note on Solarworld, management could have used yesterday’s analyst day to provide greater operational visibility to investors. Instead, they lowered revenue guidance without providing production and price estimates. SolarWorld was the worst performer on the TecDax, dropping €2.70, or 4.50%, to €57.30.
Photo: Svanes, Creative Commons, Flickr Germany's top solar company SolarWorld has been described as the Exxon Mobil of solar power, and it isn't cheap on a valuation basis. But short-term players might want to keep an eye on the stock after an analyst day on March 28.
Former Fed chairman Alan Greenspan recently rattled financial markets by saying there is a one-in-three chance of a recession this year. Greenspan might be considered an optimist. Several models created by research firms place the probability of a U.S. recession during the next year at 50%. The market is still jittery over the subprime sector,…
Should we brace ourselves for a wave of consolidation in the solar sector? At the end of 2006 we saw SunPower (SPWR – Last trade $43.40), makers of the most efficient solar cell on the market, buy PowerLight, the world’s biggest manager of large-scale commercial solar projects. Some analysts expect more deals like this, where…
As I pointed out in a previous note on Solarfun (SOLF – Last trade $12.78), it would have been wise to wait until the company's earnings results before jumping on board. The company's biggest market is Germany, and we have started seeing evidence of slowing solar demand in the country impact the earnings of other…
As I pointed out in the note on Canadian Solar (CSIQ), U.S. listed photovoltaic (PV) companies based in China are experiencing a significant sell-off after the Shanghai Composite index tumbled 9% on February 27. I feel that the drop in China-based solar stocks has been exaggerated, creating some buying opportunities. The fate of China-based PV…
U.S. listed photovoltaic (PV) companies based in China are experiencing a significant sell-off after the Shanghai Composite index tumbled 9% on February 27. Many analysts believe that the (seemingly unjustified) drop in these shares has brought valuations back to attractive levels, creating a buying opportunity. They point out that the fate of China-based PV companies…
Solid opportunities to invest in the solar boom exist, but many investors are starting to worry about the high valuation of stocks in the solar industry. Many feel that the worldwide silicon shortage is a major threat to solar's growth, but the silicon shortage is leading to a pickup in M&A activity in order to…
U.S. solar stocks have kicked off 2007 in grand style, averaging a 10% gain over the 6-week period, way ahead of the more diversified renewable ETFs (gaining 2.75%). Despite these strong gains, there are a few bad apples dragging down the performance of the group. If it were not for Distributed Energy Systems (DESC), DayStar…