Showing posts with label TSL. Show all posts
Showing posts with label TSL. Show all posts

Tuesday, June 5, 2012

Solar Stocks Snapshot: (LDK). (JASO), (TSL), (YGE) all in the Green

Solar Stocks Snapshot:  (LDK). (JASO), (TSL), (YGE) all in the GreenAtlanta, GA 6/5/12 (StreetBeat) -- Investorideas.com, a leader in renewable energy stock research for independent investors, issues an investor alert for solar stocks for trading June 5th. Several of the well – know solar stocks are trading up in today’s session.

JA Solar Holdings Co., Ltd. (Nasdaq: JASO) is one of the top gainers, trading at $1.00, up 0.11 or (12.36%) 12:17PM EDT on over 4 Million shares with a high of $1.04.

LDK Solar Co., Ltd. (NYSE:LDK) is trading at $ 1.73, gaining $ 0.08 or (4.85%) as of 12:10PM EDT. The Company reported yesterday that it signed three multi-year engineering, procurement, and construction (EPC) agreements. All three projects are located in the Gansu province of the People's Republic of China.

Trina Solar Limited (NYSE:TSL) is up 0.29(4.98%), trading at $6.11 on over 900,000 shares. The stock has a 52 week high of $22.76.

Yingli Green Energy Holding Co. Ltd. (NYSE: YGE) is trading up at $2.63, up $ 0.05 or (1.94%) as of 12:13PM EDT with a high of $2.69.

Solar columnist, J. Peter Lynch had said last week in his commentary, “It would seem that now is the time to buy some solar stocks and see if history repeats itself - it DOES violate all of the rules I have outlined for you in all past articles, but if one wanted to take a crazy flyer this would be the time. This assumes you are aware that it is highly risky and maybe just a trade.”

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Friday, June 1, 2012

Yingli Solar (NYSE: YGE) Ships Most Modules In Q1, Leads In Processing Costs

Yingli Solar (NYSE: YGE) Ships Most Modules In Q1, Leads In Processing CostsAtlanta, GA 6/1/12 (StreetBeat) -- Yingli (NYSE:YGE) had delivered a surprisingly strong performance in Q1 by shipping 44.4% more modules in Q1 than the last quarter of 2011. SPVI has calculated that the company sold 534MW of modules in the period, making Yingli the number one solar company in this category. The revenue produced was at $499M, while gross margins were positive at 7.8%. The COGS included a provision for the AD/CVD costs in the amount of $13.7M, and another small provision of $3.4M for the inventory adjustment. The net earnings were negative $45M, or $.29 per share. The company has capitalized heavily on a rush of installations in Germany, prior to changes in FiT, accounting for 50% of all shipments. Joining the likes of Trina (NYSE:TSL) and Suntech (NYSE:STP), Yingli has shipped 30% of its total volume to the US, undeterred by the pending decisions around duties. Deliveries to China represented only 5% of all shipments, still high expectations regarding installations in the second part of the year estimate 30% of overall revenues to come from China.

Despite the loss this quarter, Yingli has shown that scale can maximize earnings potential. The company also provided another quarter of cost reductions, which led to $0.57 per watt for non-silicon processing cost, down from $0.64 in the prior quarter. While polysilicon costs continue to trap Yingli at the high end of the polysilicon cost spectrum, they dropped to $.26 from $0.33 in Q4. It is unsatisfactory to see that despite a massive provision of $143M against the cost of polysilicon inventory, and the full write down of its own polysilicon plant in Q4, Yingli's polysilicon costs are still quite high. Even more confusing is the previous statement about the ability to purchase as much as 40% of the required polysilicon from the spot market. Unless somehow Yingli continues to produce its own polysilicon at an incredibly high cost and offsets the price with other arrangements, it seems it is not receiving as much flexibility in contract negotiations as other companies do. Trina's poly costs were at $0.21, while Suntech appeared to pay less than $0.20 per watt in Q1. Yearend expectations for non-poly costs are below or at $0.50 per watt. Polysilicon costs are seen at around $0.10 to $0.12 per watt, the result of a combination of poly cost per kg stabilizing around $22 and a decrease in the amount of polysilicon needed to produce a watt of output.

High module shipments reassured the outlook for a full-year guidance of 2.4 to 2.5GW of shipments. For Q2, Yingli guided a 15% increase in shipments over Q1 with high single-digit gross margins. The company also expects an additional 15% reduction in the ASP during Q2. SPVI estimated an ASP of $0.93 per watt in Q1, thus blended module pricing would drop to $0.80 per watt in the coming quarter. During the conference call Mr. Robert Petina, Managing Director of Yingli Americas, spoke on further cost reductions able to match this ASP drop. If 15% was in fact achieved from fully loaded costs of $0.83, the breakdown would have $0.55 in processing cost, with polysilicon cost only at $0.15 to reach a total of $0.70 per watt. This sounded like polysilicon cost finally dropped below $30 per kg; however, moments later, CFO Zongwei (Bryan) Li described polysilicon inventory cost around $30 per kg. Further, Yingli disclosed no intention to build a provision for countervailing or anti-dumping duties in Q2. Both responses made it impossible to understand how a 15% cost reduction was calculated.

In this tough market, lack of earnings is testing financial capabilities and companies that are still in expansion mode, like Trina and Yingli, have tapped into cash reserves to pay for growth. Yingli has drawn 24% of its cash account, or $217M, leaving the company with a still-ample $674M. In addition, borrowing increased by $60M to $2.3B. For the first time, Yingli took over Suntech Solar in the outstanding-debt statistic. Including the new issue brokered in May, a combination of bonds with various maturities and interest rates worth 1.5B RMB, or $250M, the overall debt will be more in the $3B territory. Another liability, accounts payable, increased by $156M; this is a method that is becoming a popular way to reduce short-term borrowing, allowing holding of more cash and saving on interest. Despite high sales, Yingli increased inventory by $90M and sold more on credit, adding $148M into accounts receivable.

Yingli's operational dynamic, combined with Trina's results, confirms the ability for leading solar companies to keep the costs in line with deteriorating ASP and perhaps slightly to tip a scale as time progresses. Certainly if polysilicon supply could truly match spot pricing, the margin improvement would be even more tangible. Despite this hint of optimism, the financial picture of the best solar companies today includes greater debt and lower cash levels. What is the price of leadership? In the last year Yingli has added $770M in debt and spent $274M of its cash. Trina Solar did a lot better with $486M added to debt and actually increasing its cash by $54M. If the best companies are spending so much to remain competitive, how much resilience is left in the market for those who do not have those resources or cannot reproduce operational dynamic? While there have been few bankruptcies, there seems to be not enough failure to identify the winning few and the answer to above question remains elusive.

Please contact www.thestreetbeat.com for interest in our latest investor relations platform the “CEO Interview Series” with its host Steve Kanaval. The package includes a one-on-one interview with a seasoned industry professional; published segment to our web site with embedded audio/video file; and a compressed file that can be easily e-mailed out to your current and/or potential investors. Please e-mail bflautt@gmail.com or call (662) 392-0740 for pricing and scheduling.

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Distributed by Viestly

Wednesday, March 21, 2012

China Solar Shares Take A Hit As U.S. Imposes Import Tariffs

China Solar Shares Take A Hit As U.S. Imposes Import TariffsTallahassee, FL 3/21/12 (StreetBeat) -- China solar stocks are trading lower after the Commerce Department on Tuesday said it will impose import tariffs on solar panels imported from China. The levies will range from 2.9% to 4.73%.

As the New York Times notes, the impact of tariffs that small on the market “could be limited,” but additional tariffs could be added in May when the Commerce Department will consider whether China is dumping solar panels in the U.S. at prices below cost.

• Yingli Green Energy (NYSE: YGE) is down 42 cents, or 9.8%, to $3.85.
• Trina Solar (NYSE: TSL) is down 59 cents, or 7%, to $7.79.
• Suntech (NYSE: STP) is down 29 cents, or 8.1%, to $3.28.
• Canadian Solar (Nasdaq: CSIQ) is down 22 cents, or 6%, to $3.43.
• JA Solar (Nasdaq: JASO) is down 9 cents, or 4.7%, to $1.81.

Interestingly, the U.S. solar stocks are also trading lower:

• First Solar (Nasdaq: FSLR) is off $1.42, or 5.2%, to $26.04.
• SunPower (Nasdaq: SPWR) is off 37 cents, or 5.1%, to $6.94.

The real issue for solar companies is not dumping by China, but rather collapsing prices and a glut of capacity as all players become more efficient. In the long run, the problems afflicting the solar sector are cross-border. This has turned into a rotten business for everyone concerned – other than energy consumers.

Please contact www.thestreetbeat.com for interest in our latest investor relations platform the “CEO Interview Series” with its host Steve Kanaval. The package includes a one-on-one interview with a seasoned industry professional; published segment to our web site with embedded audio/video file; and a compressed file that can be easily e-mailed out to your current and/or potential investors. Please e-mail bflautt@gmail.com or call (662) 392-0740 for pricing and scheduling.

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Distributed by Viestly

Wednesday, January 11, 2012

Trina Solar (NYSE: TSL) Completes Large Rooftop Solar Solution for North American Customers

Trina Solar (NYSE: TSL) Completes Large Rooftop Solar Solution for North American CustomersOrlando, FL 1/11/12 (StreetBeat)-- Trina Solar Limited (NYSE: TSL), a leading vertically-integrated manufacturer of solar photovoltaic (PV) products, announced the offering of a three-pronged service solution featuring complimentary design services, newly available high performance 'Honey' modules and the rapid install Trinamount racking system.

Starting today, installers, developers and other customers using Trina Solar modules can benefit from a complimentary design service that delivers preliminary system layouts and performance estimates for large rooftop installations. Upon submitting a short site survey form, Trina Solar will craft custom-tailored PV installation plans.

This new design service comes online as Trina Solar also announces the availability of its high performance 60-cell, up to 260 Watt Honey module series for North America . The new Honey cell is produced using cutting edge process tools supplied by North American vendors. The cells feature a number of advancements including greater surface area and more efficient capture of sunlight, resulting in more power per area. Laboratory tests, confirmed by TUV Rheinland in September 2011, demonstrated that a 60 Honey cell module set a world record for multicrystalline module power by reaching a 274 Watt peak.

Compared to industry standard 230 Watt modules, a typical flat rooftop system using comparably sized 260 Wp Honey modules could produce over 18 percent more electricity per year from the same roof area. By combining high performing Honey modules with the fast mounting Trinamount system, customers can install Trinamount Honey systems up to 4.5 times faster while shaving installation costs by up to 10 percent.

"Honey panels, plus Trinamount, plus design services move us toward a 'total solution' to our partners and end users," said Mark Kingsley, Chief Commercial Officer of Trina Solar . "Trina's ongoing commitment to delivering better panels and more robust services to our customers keeps us ahead of the curve in the dynamic global PV market."

Honey cell technology is the latest breakthrough in Trina Solar 's commitment to better service delivery. In June 2011, Trina Solar broke ground with an industry-leading 25-year linear power warranty, a 10-year product warranty and a guaranteed positive power tolerance of 0/+3%. Earlier last year, Trina Solar unveiled its Trinamount solution, a racking and grounding solution that help solar installers increase profits through faster and easier installations.

These improvements continue to add to Trina Solar 's recognized field performance and environmental leadership. Since 2008, Trina Solar modules have consistently ranked among the best performing modules by third-party validators including TUV Rheinland, DKA Australia and Photon. Trina Solar 's sustainable manufacturing processes and carbon reduction programs are ISO certified and have been recognized as an industry model. These sustainable processes have resulted in a nearly 60 percent reduction in energy and water usage per megawatt produced.

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Friday, August 26, 2011

Thursdays’ Renewable Energy Stocks Trading; TSL, ENER, VRNM (OTC: CWET)

Thursdays’ Renewable Energy Stocks Trading; TSL, ENER, VRNM (OTC: CWET)Point Roberts WA 8/26/2011 (PennyPayDay) -- (Investorideas.com renewable energy/green newswire) Investorideas.com, a leader in cleantech investor research, reports on trading for renewable energy stocks trading for August 25th.

Trina Solar Limited (ADR) (NYSE:TSL) jumped 0.32 (2.20%) to $14.89. Recently, Trina Solar earned $579.5 million in net revenue for the second quarter of 2011, representing a 5.2 percent increase compared with last year's $550.9 million, and attributed to a rise in solar module shipments at 396 megawatts from Q1's 320 MW.

Wind stock, Clean Wind Energy Tower Inc (OTCBB: CWET) ended the day flat at $0.190.
The company recently reported its S&P listing, in addition to new patents for its downdraft wind tower.

Energy Conversion Devices, Inc. (NASDAQ:ENER) shares added 0.170 (25.76%) to $0.83. Total consolidated revenues for the quarter were $73.1 million, compared to $21.5 million in the third quarter of fiscal 2011, a 240% increase, and $86.2 million in the fourth quarter of fiscal 2010, a 15% decrease. Solar product sales for the quarter were $28.9 million, compared to $17.5 million in the previous quarter, an increase of 65%, and $66.9 million in the same quarter last year, a 57% decrease. ENER was one of Thursday’s top percentage gainers on the NASDAQ.

Verenium Corporation (NASDAQ:VRNM) gained 0.28 (9.76%) to close at $3.15. Verenium Corporation owns a portfolio of specialty enzyme products. The Company operates in two segments: biofuels and specialty enzymes. Its biofuels business segment is focused on developing technical and operational capabilities designed to enable the production and commercialization of biofuels, in particular ethanol from cellulosic biomass.

Ascent Solar Technologies, Inc. (NASDAQ:ASTI) moved up 0.010 (1.15%) to close at $0.890.

LDK Solar Co., Ltd (ADR) (NYSE:LDK) gained 0.02 (0.34%) to end at $5.96.

Suntech Power Holdings Co., Ltd. (NYSE:STP) shares added 0.02 (0.40%) to finish at $5.07.

Research more green stocks with the renewable energy stocks directory:
http://www.investorideas.com/Companies/RenewableEnergy/Stock_List.asp

Wind Company Snapshot - Clean Wind Energy Tower, Inc. (OTCBB: CWET)
Clean Wind Energy, Inc., a wholly owned subsidiary of Clean Wind Energy Tower, Inc, is designing and preparing to develop, and construct large "Downdraft Towers" that use benevolent, non-toxic natural elements to generate electricity and clean water economically by integrating and synthesizing numerous proven as well as emerging technologies. In addition to constructing Downdraft Towers in the United States and abroad, the Company intends to establish partnerships at home and abroad to propagate these systems and meet increasing global demand for clean water and electricity. Clean Wind has assembled a team of experienced business professionals, engineers and scientists with access to the breakthrough energy research upon which this technology is founded and the proven ability to bring the idea to market. Clean Wind has filed several patents that the Company believes will further enhance this potentially revolutionary technology. www.cleanwindenergytower.com

Clean Wind Energy, Inc. Contact:
1997 Annapolis Exchange Parkway Suite 300
Annapolis, Maryland 21401
Phone: 410-972-4713
E-mail: Info@cwetower.com
Visit the CWET showcase page at Investorideas.com: http://www.investorideas.com/CO/CWE/

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Disclaimer/ Disclosure: The following news is part of the Clean Wind Energy Tower, Inc. (OTCBB: CWET) advertising program with Investorideas.com. Clean Wind Energy, Inc. compensates investorideas.com (one thousand five hundred per month, 100,000 144 shares) to be showcased as a renewable energy stock within its hub of sites and blogs.Our sites do not make recommendations. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. We attempt to research thoroughly, but we offer no guarantees as to the accuracy of information presented. All Information relating to featured companies is sourced from public documents and/ or the company and its management and is not the opinion of Investorideas.com. Learn more: www.InvestorIdeas.com/About/Disclaimer.asp
BC Residents and Investor Disclaimer : Effective September 15 2008 - all BC investors should review all OTC and Pink sheet listed companies for adherence in new disclosure filings and filing appropriate documents with Sedar. Read for more info: http://www.bcsc.bc.ca/release.aspx?id=6894

For more information about Investorideas.com contact:
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