Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Solar stocks are in repair mode. CSIQ has done great.
Solar Stocks board.
which board did I post? Sorry it's been a long time since I posted that message. GLTU
I get the feeling we're starting to bounce up after over a year of blood-letting. A few big solars are listed below. Thoughts?
FSLR down about 90% over past year, but up 21% today.
TSL down about 70% over past year, but up over 8% today.
LDK down about 70%, but up 17% today.
GTAT, profitable GTAT!!!, down about 74%, but up over 5% today.
edit: This must be great for SSOL! :)
time to average down if you bought in at the $6
Solar Glut Worsens as Supply Surge Cuts Prices 93%: Commodities
November 09, 2011, 11:29 PM EST
More From Businessweek
Aluminum Slump Means 25% of Smelters Losing Money: Commodities
Most Solar Manufacturers May Vanish by 2015, Trina CEO Says
Damaged U.S. Corn Crop Pressures Global Food Supply: Commodities
Germany Plans Solar-Subsidies Cut, May See Installation Rush
World Dodges Slump With China-U.S. Buoy in Europe Crisis
By Marc Roca and Ben Sills
Nov. 10 (Bloomberg) -- The cost of solar cells and microchips has nowhere to go but down because of a supply glut for the commodity they’re made from, a brittle charcoal-colored semiconductor baked in ovens at 600 degrees centigrade.
Polysilicon has plunged 93 percent to $33 a kilogram from $475 three years ago as the top five producers more than doubled output, data compiled by Bloomberg shows. The industry next year will produce 28 percent more of the raw material than will be consumed, up from 20 percent this year, said Robert Schramm- Fuchs and Shai Hill, analysts at Macquarie Group Ltd.
“Polysilicon is a grossly, grossly, grossly oversupplied commodity product,” said Paul Leming, director of research at Ticonderoga Securities in New York. “We’re staring at years of stability where polysilicon pricing sits at something approaching cost of production and doesn’t move.”
The shift is squeezing margins for manufacturers led by Hemlock Semiconductor Corp. and Wacker Chemie AG. Solar-cell makers that use the material such as JA Solar Holdings Co. and Suntech Power Holdings Co. drove down the cost of photovoltaics, tipping three U.S. manufacturers into bankruptcy this year.
“The solar PV market has certainly reached a point where some illusions are meeting reality,” Wacker Chief Executive Officer Rudolf Staudigl told investors in an Oct. 28 conference call. “About the length of the downturn in polysilicon, I simply cannot answer.”
Cells and Chips
Polysilicon accounts for a quarter of the cost of a finished solar panel. The photovoltaic industry consumes almost 90 percent of the supply, which is also is the foundation of most computer chips made by manufacturers such as Intel Corp., the world’s largest.
Price declines for products at every step in the solar supply chain triggered a 60 percent drop in the Bloomberg Global Leaders Solar Index since February tracking 37 shares. It’s led to speculation that more poly producers and panel makers may either combine or go bust in the coming months. Q-Cells SE, once the world’s biggest cell maker, has said it’s open to takeovers.
“Two-thirds of the existing 66 polysilicon producers could fall victim to the shake-out that has just started,” the Macquarie analysts wrote in a note on Nov. 8. “The total number of Chinese polysilicon producers could fall to as little as four over the next three years, down from 35 known to us today.”
About 90 percent of China’s polysilicon plants comprising half the country’s production may suspend production because of the price slump, according to Xie Chen, an analyst at the China Nonferrous Metals Industrial Association, which acts as a conduit between industry and government.
Hemlock’s Growth
Hemlock -- named for a Michigan town where it’s based and owned jointly by Dow Corning Corp. and the Japanese companies Shin-Etsu Handotai Co. and Mitsubishi Materials Corp. -- will raise its capacity 28 percent when a plant in Tennessee opens next year. It’s already increased 89 percent since 2008.
Wacker of Munich, OCI Co. of South Korea, GCL-Poly Energy Holdings Ltd. of China and Renewable Energy Corp. ASA of Norway round out the top five makers and together had capacity to make 131,000 tons of polysilicon last year, up from 50,000 tons in 2008, Bloomberg data shows.
“I haven’t seen any industry like this,” Woo-Hyun Lee, Seoul-based OCI’s chief operating officer, told a conference in Singapore on Nov. 2. “When the price drops so suddenly it hurts. Now there is very little room for fluctuation.”
Prices Plunge
Spot prices will fall into the $20s from about $33 today and are likely to stabilize at around $30 once a shake-out reduces oversupply after 2012, according to Sean McLoughlin, an industry analyst in London at HSBC Bank Plc, echoing a similar forecast by Macquarie. Leming of Ticonderoga says prices will reach $25 within three weeks and likely remain near that level for at least two years.
About 90 percent of supplies are sold under long-term contracts, many of which are under pressure to be renegotiated. Charges for contract cancellations can be more than 20 percent of their value, HSBC said.
Chemical companies such as Hemlock and Wacker make poly by baking raw silicon that’s derived from refined sand. It´s done in bell-shaped ovens containing silane gas, which then condenses over a period of days into rod-shaped chunks of 99.9999 percent pure polysilicon.
The rods are sliced into wafers using diamond-edged saws to make solar cells that are fastened onto panels to transform the sun’s rays into electricity.
Narrowing Margins
Wacker’s profit margin will shrink by 4 percentage points to 21 percent in the fourth quarter from the previous three months, according to a Bloomberg survey of five analysts who looked at earnings before interest, tax, depreciation and amortization compared to sales.
REC has developed a technique which works in a few hours and reduces the energy required by as much as 90 percent, making it the cheapest way of making solar-grade silicon, according to McLoughlin at HSBC. REC’s so-called fluidized bed reactor process grows beads of polysilicon from pressurized gas and tiny liquidized seeds of semi-purified material.
Polysilicon has been used as a semiconductor in computer microchips for decades. Supplies only became scarce from 2004, when European nations began introducing subsidies for clean energy. The price soared to $475 in March 2008 from about $30 in 2003. New capacity began to come on stream in 2008.
The famine turned to a glut when demand growth for panels slowed as solar-energy subsidies were cut. With plants taking at least two years to build, new factories are set to keep opening.
Expanding Capacity
Hemlock announced plans for its new factory in December 2008 when polysilicon was selling for $178 on the spot market. Wacker, the No. 2 producer, will double its capacity to about 60,000 tons by 2013, and LDK Solar Co. Ltd., the second-largest maker of wafers, will triple its poly capacity to 55,000 tons by the end of that year with a giant factory in Inner Mongolia.
The global supply of polysilicon is set to reach about 500,000 tons by 2014, Ewald Schindlbeck, head of Wacker’s polysilicon unit, said in an interview. That compares with 266,000 tons this year, according to Macquarie.
Even in an industry used to profit margins higher than 40 percent, the drop is hurting smaller producers. PV Crystalox Solar Plc last month cut production and fired workers at its poly ingot plant in Britain. It has costs of about $37 a kilo, according to McLoughlin.
Staudigl said that Wacker is negotiating individual agreements with clients and assessing issues such as their credit-worthiness. The company has contracts to sell almost all its planned production through 2015, spokesman Christof Bachmair said in a telephone interview.
Price Protection
While Wacker and the leading polysilicon producers may have fixed prices with clients for the next few years, that may offer them little protection should those prices push their clients into bankruptcy before they can make good on their commitments, said Gordon Johnson, an analyst at Axiom Capital Management Inc.
“Prices are going to go significantly lower,” he said in a Nov. 4 phone interview from his office in New York. “There will be certain people that go out of business.”
--Editors: Reed Landberg, Todd White
Solyndra and the Shakeout - Solar Today article. http://www.solartoday-digital.org/solartoday/20111112#pg12
U.S. solar manufacturers seek duties against China
Wed Oct 19, 2011 2:00pm EDT
* China wants to 'gut' U.S. market, manufacturers say
* U.S. arm of German company leads the drive.
* U.S. is a net importer of photovoltaic modules (Recasts with announcement)
By Doug Palmer
WASHINGTON, Oct 19 (Reuters) - U.S. solar manufacturers on Wednesday asked the Obama administration to slap duties of more than 100 percent on imports from China that they said were unfairly undercutting U.S. prices and destroying American jobs.
"Let us be clear, China has a plan for our market -- to gut it and own it," said Gordon Brinser, president of SolarWorld Industries Americas Inc at a news conference.
Trade relations with China have become a hot issue ahead of the 2012 U.S. presidential and congressional elections. The Senate last week passed a bill aimed at Beijing's currency practices although the bill faces an uphill battle in the House of Representatives to become law.
Next week, the House Ways and Means Committee plans a hearing to dive into a broad array of Chinese trade actions that are causing concern in the United States.
The U.S. solar industry has been hit hard by competition from China and other countries.
A coalition of seven companies led by SolarWorld Industries accused China of a long list of illegal subsidies and pricing practices to grab global market share.
Some trade experts have warned that the Obama administration needs to tread carefully since the United States also has programs to support the sector.
Last month, U.S. solar panel maker Solyndra filed for bankruptcy, burdened with $783 million in secured debt and squeezed by falling prices caused by an industry glut.
Its downfall has become a political embarrassment for the Obama administration, which had promoted the company as an example of how it planned to spur development in clean energy technology and provided a government guarantee on a $535 million loan Solyndra has said it may not repay in full.
STRONG DEMAND
The United States was a net exporter of solar energy products last year, due to strong demand from China, Germany and Japan for U.S.-made polysilicon and capital equipment used to make solar panels.
U.S. photovoltaic-related exports totaled $5.6 billion in 2010, compared with imports of $3.7 billion, according to a study by GTM Research prepared for the Solar Energy Industries Association, a U.S. trade group not involved in the case announced on Wednesday.
The same report showed the United States was a net importer of the modules that transform sunlight into electricity. It imported $2.4 billion of the product, including $1.4 billion from China and $480 million from Mexico.
U.S. exports of the photovoltaic modules totaled $1.2 billion in 2010, or half the level of imports.
SolarWorld is the U.S. arm of Germany's SolarWorld AG, which is one of Germany's largest solar products producers and has sought to expand into the growing U.S. market.
Last month, SolarWorld shut its Camarillo, California, production plant due to the steep drop in solar panel prices.
SolarWorld and other German solar companies have faced increasing competition in their home market in recent years as Chinese companies entered and drove down panel prices.
"In area after area, the Chinese do not play by the rules," said Senator Ron Wyden, an Oregon Democrat who last month urged President Barack Obama to use U.S. trade law to restrict solar panel imports from China.
While industries such as steel have relied heavily on U.S. anti-dumping and countervailing duties to restrict foreign competition, the solar case appeared to be the first time the renewable energy sector has turned to U.S. trade remedy laws.
The Obama administration did successfully challenge a number of Chinese subsidies to support its wind power producers in a World Trade Organization case initiated by the United Steelworkers union. (Additional reporting by Doug Palmer; editing by Mohammad Zargham)
http://www.reuters.com/article/2011/10/19/usa-china-solar-idUSN1E79I0UH20111019
TSL
Here are some highlights of comments made by CEO Jifan Gao..
- achieved record shipments in the quarter despite solar subsidy reductions in Italy
- expects significant reduction in Q3 manufacturing costs
- seeing substantial improvement in order pipeline across Europe and N America
- encouraged by China’s national solar FIT program announced several weeks ago
- expanded warranty from 5 to 10 years
Looking ahead the company expects and record quarter in terms of shipments with Q3 shipments in the range of 480 – 520MW and for the full year the company reiterates previous shipments guidance of between 1.75 – 1.8GW.
Short Interest (Shares Short)
20,539,900
WEST sues CSIQ for patent infringement.
Lots of solars are up today, after months of bleeding. Did we bottom out yet?
Good Morning Solar Stocks Board,
NTCXF, or NXT.V, is rolling out their LPD process for applying the antireflective coating on silicon solar cells by the end of the year. NTCXF is not a panel manufacturer. NTCXF is 50% off it's 52 week high. The LPD process also has many applications, outside of solar, with huge end markets!
I think the future of solar energy capture will evolve using Natcore Technology's disruptive Liquid Phase Deposition process. Natcore has made great strides over the last 12 months. Once fully developed, this technology will double the output of solar panels, dramatically reduce their cost, and eliminate the need for solar subsidies.
The last link contains extensive information regarding Natcore Technology, it's impressive management team and scientists, and numerous short term catalysts. Please read more:
When is this F'ing bloodbath going to end?!?!?!?!?
And yet, Jinko is growing faster than every one of those on that list. That is a fairly bad list, IMO.
Top 10 fastest growing solar stocks,
http://www.cnanalyst.com/2011/09/top-10-fastest-growing-solar-stocks-hsol-csiq-spwra-yge-fslr-dq-sol-ldk-tsl-stp-sep-12-2011-.html
Interesting read:
http://www.solartoday-digital.org/solartoday/20110910/#pg38
Article mostly focuses on the business end of a huge Prologis / BofA project. This project should generate a lot of sales for several PV manufacturers.
China Benefits as U.S. Solar Industry Withers
Workers install solar panels at a power station in Hami in the Xinjiang Uyghur Autonomous Region of China.
By KEITH BRADSHER
Published: September 1, 2011
HONG KONG — The bankruptcies of three American solar power companies in the last month, including Solyndra of California on Wednesday, have left China’s industry with a dominant sales position — almost three-fifths of the world’s production capacity — and rapidly declining costs.
Solar panel inspection at a factory in Hangzhou, Zhejiang province. Chinese companies' cost advantages overwhelm any lags in technology, analysts say.
Some American, Japanese and European solar companies still have a technological edge over Chinese rivals, but seldom a cost advantage, according to industry analysts.
Loans at very low rates from state-owned banks in Beijing, cheap or free land from local and provincial governments across China, huge economies of scale and other cost advantages have transformed China from a minor player in the solar power industry just a few years ago into the main producer of an increasingly competitive source of electricity.
“The top-tier Chinese firms are kind of the benchmark now,” said Shayle Kann, a managing director of solar power studies at GTM Research, a renewable energy market analysis firm based in Boston. Pricing of solar equipment is determined by the Chinese industry, he said, “and everyone else prices at a premium or discount to them.”
Besides Solyndra, the other two American manufacturers that filed for bankruptcy in August were Evergreen Solar, of Massachusetts, and SpectraWatt, a New York company. Another company, BP Solar, halted manufacturing at its complex in Frederick, Md., last spring.
Those bankruptcies and closings represent almost one-fifth of the solar panel manufacturing capacity in the United States, according to GTM Research.
Solyndra and Evergreen in particular suffered because they pursued unusual technologies whose competitiveness depended on their using less polysilicon, the main material for solar panels. That has become less important because polysilicon prices have tumbled more than 80 percent in the last three years as output has caught up with demand.
Analysts say that two American companies remain strongly placed. One is First Solar, the largest American manufacturer, which uses a different technology but has its biggest factory in Malaysia. The other, SunPower, is much smaller but is an industry leader in the efficiency with which its panels convert sunlight into electricity, so that they sell at a premium to Chinese panels.
But with Beijing heavily supporting its industry, the Chinese companies are forging ahead.
“There is no question that renewable energy companies in the United States feel pressure from China,” said David B. Sandalow, the assistant secretary for policy and international affairs at the United States Energy Department. “Many of them say it is cheap capital, not cheap labor, that gives Chinese companies the main competitive advantage.”
China’s three biggest solar power companies — Suntech Power, Yingli Green Energy and Trina Solar — have all in the last two weeks announced second-quarter sales increases of 33 to 63 percent from a year earlier.
Yingli and Trina were also profitable in the quarter. Suntech posted a loss, mostly because it broke a longstanding agreement to buy solar wafers — critical components in the manufacturing process — from a Singapore affiliate of MEMC Electronic Materials of Missouri. Suntech aims to make more wafers itself.
Shares in large and small Chinese solar power companies have mostly rallied in the last two weeks on the New York and Hong Kong stock markets, as investors have welcomed their strong quarterly results and the prospect of dwindling competition from Western rivals. Besides the bankruptcies in the United States, solar power companies in Germany, another big producer, have been laying off workers and retrenching.
The recent strength of Chinese stocks “truly reflects the low cost base of the Chinese solar manufacturers, and it is great to see their positioning, particularly relative to their American and European counterparts,” said K. K. Chan, the chief executive of Nature Elements Capital, a Chinese clean energy investment company based in Beijing.
He attributed the Chinese industry’s low costs not to inexpensive labor in China — high-technology solar panel manufacturing is not labor-intensive — but rather to free or subsidized land from local governments, extensive tax breaks and other state assistance.
Solar panel prices have plunged by 30 to 42 percent per kilowatt-hour in the last year as manufacturers have sharply increased capacity, particularly in China. Meanwhile, demand has been somewhat weak in the main markets in the United States and Europe.
Costs for electricity generated by utility-scale solar installations now approach costs for natural gas in some markets, like California’s, when subsidies of as much as 30 percent of the price are included. However, costs remain well above the cost of electricity from coal.
The United States and the European Union have tried to build demand for solar power by subsidizing the buyers of solar panels. But increasingly those subsidies are being used to buy solar panels from China.
The Chinese government has pursued a different policy course. Instead of subsidizing the purchase and use of solar power, China has focused on building the competitiveness of the country’s manufacturers. As a result, China exports 95 percent of the solar panels it produces. The United Steelworkers union filed a legal complaint a year ago with the United States government, asking the Obama administration to investigate China’s clean energy subsidies and other policies and to bring cases against them at the World Trade Organization. The organization’s rules strictly prohibit export subsidies, to prevent countries from buying market share in foreign markets for their producers.
The administration did challenge one Chinese government practice: giving subsidy grants of $6.7 million and $22.5 million to Chinese wind turbine manufacturers that agreed not to buy imported components.
China agreed in June to discontinue the practice, but by then it had already built the world’s largest wind turbine manufacturing industry over the last five years and now has highly competitive Chinese producers for almost every component.
Nkenge L. Harmon, a spokeswoman for the United States trade representative’s office, said on Thursday that the agency’s investigation continued into whether other Chinese green energy policies might violate W.T.O. rules.
http://www.nytimes.com/2011/09/02/business/global/us-solar-company-bankruptcies-a-boon-for-china.html?pagewanted=2&_r=1
akns is now west- also look at sopw it is holding up better
Quantum Materials Corp, parent of
Solterra Renewable Technologies,
a thinfilm PV Quantum Dot solar cell
manufacturer announces launch of
new website www.qdotss.com and
releases PR
up-down;/OT
Hi!
CTX in homebuilders board; cant get a quote and cant draw a chart .. Can you fix it please?
GL
tia
mlkr
More suggestions for moderators. I know that you're volunteering your time, and appreciate the fact that you have created this board and put effort into maintaining it. So, not meaning to be critical, I have a few suggestions that might make this board more useful (and used).
Consider updating the table near the bottom of the board (solar stocks PE rankings), and make it the premier item on the board, not buried beneath all the charts. The long display of charts above this table takes a while to load and page through, and perhaps that info should be relegated to a sticky link or whatever. It's valuable info. It's just not something I want to wade through on a day-to-day basis to see the latest comments on solar stocks.
Cheers, and go solar!!!!!!!!!!!!!!!!!!!!!!!!
Moderators -- can you add JKS to your table? This is a major chinese solar player, with big earnings, and low P/E.
Do a google news search on 'Alternative Energy Earnings Coming in Droves, Full Previews on All', It summarizes upcoming earning expectations for LDK, ABAT, RSOL, AONE, CLNE, CSIQ, JASO, HEV, ENER, SPWRA, VRNM. Cheers!
Solar Earnings Calander
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=62501863
LDK Solar Lowers Revenue Forecast, Raises Guidance for Margins
LDK Solar Co., a Chinese solar company, lowered its forecast for first-quarter revenue and raised its guidance for gross margins.
LDK said today in a statment that it expects revenue of $745 million to $755 million, down from its previous guidance of $800 million to $850 million. Gross margins will range from 30 percent to 31 percent, compared to 27 percent to 29 percent. It did not give a reason.
http://www.bloomberg.com/news/2011-04-26/ldk-solar-lowers-revenue-forecast-raises-guidance-for-gross-margins.html?cmpid=yhoo
CdTe solar factory race...
http://www.altenergystocks.com/archives/2011/04/the_cadmium_telluride_solar_factory_race.html
How many US solars have been successful? Also note, GE will be doing thin film, which is the less efficient, but less expensive solar panel. They will be in direct competition with First Solar.
Can't understand why GE, which is attempting to portray itself as a 'green' company, takes up the solar technology that is toxix (thin film made of i believe the 4th most toxic chemical).
I personally cannot see GE taking on the chinese solars, who are much, much farther ahead in technology and experience, let alone size. The only fighting chance i give GE is the bankroll they can put behind their project. But is it a money pit?
I am not so sure this is a good idea. Unless 'BUY AMERICAN' comes through for them.
Is it time to include GE as a solar company? I like the pure solar plays, but GE's plans to build the largest solar manufacturing plant in the US, which makes them a player. Sick sigma meets photovoltaics. http://www.nytimes.com/2011/04/07/business/energy-environment/07electric.html
NEWS: LDK Solar Announces Investment in Silane Gas Business
http://finance.yahoo.com/news/LDK-Solar-Announces-prnews-1047408908.html?x=0&.v=1
LDK Solar Announces Investment in Silane Gas Business
Press Release Source: LDK Solar Co., Ltd. On Monday April 11, 2011, 3:15 am EDT
XINYU CITY, China and SUNNYVALE, Calif., April 11, 2011 /PRNewswire/ -- LDK Solar Co., Ltd. ("LDK Solar") (NYSE:LDK - News), a leading manufacturer of multicrystalline solar wafers and PV products, today announced a $35 million investment to establish a new manufacturing line to produce silane gas in its Mahong Plant in Xinyu City, Jiangxi Province to supply up to 2,000 MT of silane gas to meet the growing demand from the semiconductor, solar and flat panel display industries. LDK Solar expects to begin construction of this new plant in the third quarter of 2011 and to achieve mechanical completion in the first quarter of 2012. Commercial production is being planned to commence in the second quarter of 2012.
"We are very pleased to expand our business to capture the growing demand for silane from the semiconductor, flat panel display and solar industries in Asia," stated Xiaofeng Peng, Chairman and CEO of LDK Solar.
"We believe this new investment in manufacturing silane gas has a great synergy with LDK Solar's polysilicon manufacturing expertise and will enhance LDK Solar's product offerings in the long term. There is growing demand for silane in China, but there is not a domestic supplier."
"We will be able to leverage our existing technologies and Trichlorosilane (TCS) production assets to lower the capital expenditure as well as to achieve very attractive manufacturing costs. We believe that LDK Solar will have a competitive advantage as the first mover supplying domestic silane gas needs," added Goran Bye, President and CEO of LDK Silicon and Chemical Business Unit.
NEWS: LDK Solar Expands Solar Cell Capacity to 570 MW
http://finance.yahoo.com/news/LDK-Solar-Expands-Solar-Cell-prnews-3989696447.html?x=0&.v=1
LDK Solar Expands Solar Cell Capacity to 570 MW
Press Release Source: LDK Solar Co., Ltd. On Monday April 4, 2011, 3:15 am EDT
XINYU CITY, China and SUNNYVALE, Calif., April 4, 2011
PRNewswire/ -- LDK Solar Co., Ltd. ("LDK Solar") (NYSE:LDK - News), a leading manufacturer of multicrystalline solar wafers and PV products, today announced the addition of one new cell manufacturing site in Hefei City, Anhui Province. The new cell plant expands LDK Solar's cell capacity to 570 MW per annum as of today.
"We are very pleased to expand our cell manufacturing to Hefei City, Anhui Province," stated Xiaofeng Peng, Chairman and CEO of LDK Solar.
"We believe this increased capacity will enhance LDK Solar's vertical integration strategy, and we expect our module manufacturing costs will be significantly reduced beginning in the second quarter of 2011.
"We would also like to express our sincere appreciation to Hefei City and Anhui Province for their great support in the planning and constructing process of our cell plant in this very nice city. We have hired 2,014 employees now working in Hefei."
What this news means and LDK's updated capacity:
LDK Solar (Hefei) Co., Ltd. announced that its first solar cell was produced at 17:20 on 3/30/2011 after 8 months construction. The facility has 40 solar cell production lines. The annual revenue form this facility is expected to be over 200 billion yuan ($3 billion USA).
LDK's updated annual capacity:
- Polysilicon 11,000 mt (up to 18,000 to 25,000 year end 2011)
- Wafer 3,000 mw (global leader)
- Cell 1,000 mw
- Module 500 mw
LDK also has approximately 400 mw in solar farms to sell off.
Pretty much old news. Just states they finally paid the rest for it.
I am not and was not overly crazy about this news, BUT it does give LDK another prescence in the United States. And with the USA way behind in solar, would be nice for them to be better established when we begin to boom. Could work out very well down the road.
LDK bought 70% of SOPW
Item 5.01 Changes in Control of Registrant
As previously disclosed, on January 5, 2011, Solar Power, Inc. (the “Company”) entered into a Stock Purchase Agreement (the “Purchase Agreement”) with LDK Solar Co., Ltd., a company incorporated under the laws of Cayman Islands (the “Purchaser”), in connection with the sale and issuance by the Company of Series A Preferred Stock and Common Stock along with the sale and transfer to Purchaser of certain manufacturing equipment of the Company. On January 10, 2011, the Company and the Purchaser consummated the transactions contemplated by the First Closing (as defined in the Purchase Agreement) whereby the Company issued to the Purchaser 42,835,947 shares of Common Stock for an aggregate purchase price equal to $10,708,987. Such shares represent approximately 45% of the Company’s outstanding Common Stock.
On March 31, 2011, the Company and Purchaser consummated the transactions contemplated by the Second Closing (as defined in the Purchase Agreement) whereby the Company issued 20,000,000 shares of Series A Preferred Stock for an aggregate purchase price of $22,227,669. Each share of Series A Preferred Stock has a dividend preference equal to $0.04 per annum and shall automatically be converted into approximately 4.44552 shares of common stock (subject to adjustments) upon the Company amending its Articles of Incorporation to increase the authorized number of shares of common stock in an amount sufficient to effect the conversion of the Series A Preferred Stock. Each share of Series A Preferred Stock is entitled to a number of votes per share equal to the number of shares of common stock that the Series A Preferred Stock would convert into.
On an as converted, fully diluted basis, the aggregate number of voting shares the Purchaser owns is approximately seventy percent (70%) of the issued and outstanding common stock of the Company. Therefore, as of March 31, 2011, the Purchaser obtained voting control of the Company.
Pursuant to the Purchase Agreement, two directors will be appointed by the Company with consent of the Purchaser. Such directors will be appointed not earlier than ten days following the mailing of Schedule 14f-1 to the shareholders of the Company providing notice of the proposed change of a majority of the Company’s directors. Upon appointment of such directors, Timothy Nyman, Ronald Cohan and D. Paul Regan shall resign as directors of the Company.
Item 8.01 Other Events.
On March 31, 2011, Solar Power issued a press release announcing the execution of the Purchase Agreement. The full text of the press release is set forth as Exhibit 99.1 attached to this report.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
LDK Solar Finalizes Acquisition of 70% of Solar Power, Inc. for $33 Million
Today : Thursday 31 March 2011
Click Here for more Solar Power, Inc. Charts.
LDK Solar Co., Ltd. ("LDK Solar") (NYSE:LDK), a leading manufacturer of multicrystalline solar wafers and PV products, and Solar Power, Inc. (“SPI”) (OTCBB:SOPW), announced today that LDK Solar has finalized its acquisition of a 70% interest in SPI for approximately $33 million. LDK paid an initial $10 million in January and today announced it has finalized the transaction with a second payment of $23 million.
The transaction adds significant financial strength to SPI’s balance sheet, enabling the acceleration of the development of its project pipeline, which primarily consists of utility-scale power plants and commercial/industrial distributed generation systems. SPI’s growing development portfolio and pipeline, in turn, should provide LDK Solar with enhanced downstream benefit to its vertical integration model through module supply for large-scale projects.
“We are very pleased to have this transaction concluded,” said Xiaofeng Peng, Chairman and CEO for LDK Solar. “SPI provides a strong strategic complement to our downstream vertical integration opportunities and provides LDK Solar and SPI the opportunity to jointly explore opening manufacturing operations in the U.S. to further enhance SPI’s competitive advantage in North America.”
“We are happy to be part of the growing LDK global team,” said Steve Kircher CEO for SPI. “The strength of our newly combined vertical platform should provide us significant competitive advantages going forward,” Mr. Kircher concluded.
The terms of the investment are more particularly detailed in the Stock Purchase Agreement dated January 5, 2011, as filed in the Company’s report on Form 8-K with the Securities and Exchange Commission on January 6, 2011.
ten bagger dreamers I'm afraid.
The better the company the less the interest. I-hub is mostly penny investors, or should I say sub-penny, or micro-penny, lol.
CSKH was looking good to go from bad boy to good guy, until yesterday anyway.
cup and handle breakdown? Golden cross poof? 10K a dud? more dilution coming?
Easy answer. IHUB is a sweatshop for scammers and penny pushers trying to create demand and push a stock up a few cents with immature postings such as "get it while this is dirt cheap" - "Just loaded up, this is going to sky rocket" - "ask is thin, this is going to explode" etc....
Although you will find some very quality message board posters that are informative and provide stimulating due dillegence, most of the people here are kids with a $500 ameritrade account that think if they post 1000 times, some noob sheep will buy there shares at a higher price so they can make their 20 bucks a day.
And lets face it, pinks/bulletin board junk does move fast, one way or the other, in comparison to actual quality, non-junk stocks like LDK.
Well this is Investors hub which caters to all stocks but is predominantly frequented by people that play penny stocks.
What's up with solar stocks?
Sorry for the dumb headline, but I'm a relatively new iHubber, and have a few comments related to solar and iHub that I'd be interested in people's opinions on.
It seems odd that there seems to be no correlation -- or perhaps there's a negative correlation -- between the quality of a company and the traffic on iHub. Sometimes, it seems like the worse the company, the more the traffic. Case in point:
LDK (pronounced el dick) is a big, high-growth, profitable company trading at about $12, and there's a total of 330 LDK postings to iHub. Contrast with CNUV (seen 'nuff), a sub-penny with over 5000 iHub postings.
Or SPWRA, one of the top solar companies in the world, 31 iHub posts; versus SLRW (slow reward), another sub with 11,000+ iHub posts.
Or CSIQ (sea sick) - a sold company trading over $11 with 234 iHub posts, versus SSOL (esshole), a penny with 5,000+ iHub posts.
A little closer contest: Solar EnerTech (SOEN) vs. Entech Solar (ENSL). SOEN is a rising company with strong growth, which just turned a profitable quarter. ENSL doesn't make anything anymore, and has no plans to make anything.
FSLR (fizzler) and TSL don't have anywhere near the traffic as their baby cousins AWSL (awes-hole) or RSOL (arsehole).
Is it paid pumpers? Ten-bagger dreamers?
???
SOEN has had a nice run since bottoming out in December. Strong revenue growth in past 4 years, and it's worked its way to a profitable quarter. This one bears watching. Not a lot of news or fluff, and low traffic, but if they can build a track record of profitability, they'll take off big time. JMO
CSKH - some DD and charts
10k due on the 31st, expecting ~$10M in rev's to be reported for 4Q due to company guidance of $15M for all of 2010
The Company is done with toxic convertibles and found investors willing to take restricted shares at market prices in private placements. So the sell pressure is off. Management has been PR'ing like crazy with lots of $$$ solar installs coming in Q1, on top of a stellar Q4. They could be at break even now and won't even need any more private placement money.
Not many profitable penny stocks out there and CSKH might become one soon. Lots of pps damage (from toxic convertibles) in the process of being repaired imo
The End of Nuclear Power?
By Tim Hanson | More Articles
March 17, 2011 | Comments (21)
This column is undoubtedly premature, with events at Japan's damaged nuclear power plants still unfolding. But regardless of whether events end in a catastrophic meltdown or relatively successful containment, the reality is that the role of nuclear power in the world will come under increased scrutiny going forward. German Chancellor Angela Merkel, for example, has already decided to shut down seven of that country's older power plants even though it has no history of either strong earthquakes or devastating tsunamis.
And yet, am I crazy to think that the ongoing events in Japan, rather than show how dangerous nuclear power is, actually show that it is relatively safe? After all, as of this writing on Tuesday, these reactors have suffered through an 8.9 magnitude earthquake, the worst in Japan in more than a century, a tsunami, more than 100 aftershocks, and now several explosions without yet melting down. This isn't to diminish the magnitude of the crisis or its potential consequences, but just to note it took a catastrophic confluence of disasters to spur this series of events.
Now consider that not only is the technology for new nuclear power plants better than what is current running in existing Japanese reactors, but that locations and proposed locations in China, India, and the U.S. do not run the same geographic risks. Why is the knee-jerk reaction in some circles -- leaving aside those perpetually opposed -- that the world ought to cease nuclear development?
Not everybody thinks that way ... but the market does
Sure, there have been plenty of commentaries in recent days, published in The Atlantic, The Wall Street Journal, and many more -- supporting the further development of nuclear power as the only sustainable, low-emission power source that can meet the world's global energy needs. But those who actually put their money on the line -- investors -- foresee a very different future. Uranium miners and companies associated with building nuclear power facilities, including Cameco (NYSE: CCJ ) , Energy Resources of Australia, Areva, and General Electric (NYSE: GE ) , are all off sharply this week. And on the flip side, solar power companies such as First Solar (Nasdaq: FSLR ) , Suntech Power (NYSE: STP ) , and Trina Solar (NYSE: TSL ) are all up sharply.
What the market is saying is that it expects the global nuclear power development that was to take place over the next decade to be replaced by solar power development. That's not totally misguided -- the sun is, after all, probably the only energy source with enough potential to be harnessed to meet the world's energy needs -- but the technology is not yet efficient enough to meet base-load demand. Furthermore, developing countries such as India and China can't wait around for technology improvements. India, for example, already has a near-10% nationwide energy shortage and 15% of the country's households are not yet connected to the energy grid. There is no way the country can stop its 23 planned nuclear power facilities.
Similarly, representatives of the Chinese government have already said that the events in Japan will not sway them from their own 77 planned nuclear power facilities. Rather, China's vice minister of environmental protection has said that country intends to learn from Japan as it furthers its own plans.
http://www.fool.com/investing/international/2011/03/17/the-end-of-nuclear-power.aspx
LDK Crushes Estimates, comes in at $1.09 per share!
More than Nike, trading at $85 a share, reported!
I'll have more later! EXCITING TIMES!!!!
http://finance.yahoo.com/news/LDK-Solar-Reports-Financial-prnews-1679032119.html?x=0&.v=1
big board solar stocks...
AKNS ASTI CSIQ CSUN CTDC EMKR ENER ESLR DSTI FSLR HOKU JASO LDK RSOL QTWW SOL SOLF SOLR SPIR SPWRA STP STRI TSL WFR YGE
OTC-BB and pink solar stocks...
APSOQ AWSL BSRC CHPO CNUV CSKH CSOL ENSL ESRG HGUE ICPR NENE PTOS SESI SLTZ SOEN SOPW SSLR TSSP XSNX
big board solar stocks...
http://finance.yahoo.com/q/cq?d=v1&s=AKNS+ASTI+CSIQ+CSUN+CTDC+EMKR+ENER+ESLR+DSTI+FSLR+HOKU+JASO+LDK+RSOL+QTWW+SOL+SOLF+SOLR+SPIR+SPWRA+STP+STRI+TSL+WFR+YGE
OTC-BB and pink solar stocks...
http://finance.yahoo.com/q/cq?d=v1&s=APSOQ.pk+AWSL.pk+BSRC.ob+CHPO.pk+CNUV.ob+CSKH.ob+CSOL.ob+ENSL.ob+ESRG.pk+HGUE.ob+ICPR.ob+NENE.ob+PTOS.OB+SESI.ob+SLTZ.ob+SOEN.ob+SOPW.ob+SSLR.ob+TSSP.pk+XSNX.ob
]
#board-6812 - AKNS - Akeena Solar, Inc. http://www.akeena.net --- AS:50M --- OS: 23.6M as of 8/31/07
* Akeena Solar completed a reverse merger transaction with Fairview Energy Corp, on 8/25/07
* The Company is a designer and integrator of solar power systems. It markets, sells, designs and installs systems for residential
and small commercial customers, sourcing components, such as solar modules and inverters from manufacturers.
*Q3 Rev's $8.1M up 125% over 2006's Q3 $3.6M (released 11/14/07)
]]
#board-8687 - ASTI - Ascent Solar Technologies Inc. http://www.ascentsolar.com -- AS: 75M -- OS: 11.2M 9/30/07
As of October 23, 2009, there were 26,558,798 shares of our common stock issued and outstanding.
Ascent Solar is a development stage company that was formed in October 2005 to commercialize certain photovoltaic ("PV") technology
developed by ITN Energy Systems, Inc. ("ITN") for extraterrestrial, terrestrial, and near-space applications. Ascent Solar
intends to be the first company to manufacture large, roll format, PV modules in commercial quantities that use a highly efficient
thin-film Copper-Indium-Gallium-diSelenide ("CIGS") absorbing layer on a flexible high-temperature plastic substrate. We have produced and
tested small-scale demonstration samples of our CIGS PV products at the laboratory level, but we have not yet produced any products
in commercial quantities, nor have we yet received any revenues from the proposed products that we intend to commercialize as our principal
business activity. We currently are establishing a 500kW/yr per shift (1.5MW) pilot-scale production line that is on schedule to begin operations
in the first quarter of 2008.
]]
#board-3181 - AWSL- Alantic Wind & Solar Inc. http://www.atlanticwindandsolar.com
]]
BSRC - #board-9249 -- BioSolar, Inc. http://www.biosolar.com --- AS:500M --- OS:129M (9/30/07 10Q)
* Q3 Net Loss increased by $109,100, or 162.55%, to $176,219
* began operations on April 25, 2006 to develop and market a solar cell technology to produce bio-based plastic backsheets, substrates,
superstrates, module, panel components from renewable plant resources and the eventual expansion of such products to the building materials.
* During October 2007, the Company issued 1,229,000 shares at $0.20 per share pursuant to Rule 506 of Regulation D
]]
CHPO - #board-9683 - Clean Hydrogen Producers Ltd. http://www.clean-hydrogen-producers.com - OS: 20.44M (per website) - pink
* based in Switzerland
* a development phase company to crack the water molecule via solar energy into hydrogen and oxygen.
* advantages are that it is efficient, cheap in production, modular and allows storage of energy for later release.
* $1M PIPE (1/15/07)
* R/M into American Associates Group, Inc. (AASG) on 6/11/07
]]
#board-11151 - CSIQ - Canadian Solar Inc. http://www.csisolar.com -- OS:27.3M --- Float: 7.7M (per yahoo, foreign security)
* Q3 net revenues of $97.4 million, a 61% increase over Q2 net revenues of $60.4 million (11/14/07)
* Q3 earnings per diluted share of $0.02 compared to Q2 loss per diluted share of $0.11
* incorporated in Canada and conducts all of its manufacturing operations in China.
]]
#board-11635 - CSKH - Clear Skies Solar, Inc. --- Common AS:100M - OS:6.15M (Nov 26, 2007) --- Prefered AS: 10M OS:0
9.19230769:1 Forward split on 1/7/08
http://sec.gov/cgi-bin/browse-edgar?company=Clear+Skies+Holdings&action=getcompany
REGDEX filed 1/04/08 [Paper]Notice of Sale of Securities - Regulation D
A developer of solar products and a full-service integration company specializing in the turnkey installation of commercial photovoltaic (PV) solar systems and residential systems
Wed, Jan 16, 2008 - 9:01 AM Renewable Energy Stocks; Newly Listed Solar Stock, Clear Skies Holdings, Inc. (OTCBB: CSKH) - Marketwire
Tue, Jan 15, 2008 - 6:03 AM Clear Skies Group's Solar Energy Installation to Power Hawthorne Machinery Headquarters - Business Wire
Thu, Jan 10, 2008 - 6:05 AM Clear Skies Holdings, Inc. Hires PR Financial Marketing - Business Wire
Thu, Jan 10, 2008 - 6:01 AM Clear Skies Holdings, Inc. Completes Merger Transaction, Begins Trading under Symbol 'CSKH.OB'
]]
#board-11152 - CSOL - China Solar & Clean Energy Solutions, Inc. http://www.delisolar.com --- AS: 66.7M ---OS: 6.2M
* SB-2 filed for 1M shares
* reverse merger, CSOL USA holds chinese solar companies
* Revenues: $35M 2006 - 3Q's of 2007 $25M (.06 eps)
]]
#board-9482 - CSUN - China Sunergy Co. Ltd. http://www.n-pv.com --- AS: 500M --- OS: 104.5M (5/17/07 424-B4) (39.56M ADR shares)
* Revenue rose 33.1 percent to $49 million from $36.8 million. However, cost of goods sold took up 97.9 percent of revenue, up from 82.9 percent of revenue a year earlier.
* 2006 net income of $11.8 million
* In May 2006, Sunergy BVI sold 239,051 Series B preferred shares in a private placement for $28.0 million.
Exuberance Investment Limited, 192,095 shares --- Gersec Trust Reg., 21,344 shares --- China Environmental Fund 2004, LP, 25,612 shares.
* In September 2006, Sunergy sold 69,010 Series C preferred shares in a private placement for $20.0 million.
OZ Master Fund, Ltd., 18,517 shares -- OZ Asia Master Fund, Ltd. 20,094 shares -- OZ Global Special Investments Master Fund, L.P., 2,795 shares, and
Credit Suisse Private Equity Partners Asia, L.P., 27,604 shares.
A shares: Authorized: 12,847,300 --- Outstanding: 8,023,500
B shares: Authorized: 23,905,100 --- Outstanding: 14,935,300
C shares: Authorized: 6,901,000 --- Outstanding: 6,901,000
]]
#board-5216 - CTDC - China Technical Development Group Corp.
http://www.chinactdc.com/english -- AS: 4.0B -- OS: 15.03M -- Float: 6.60M (per filings:, float from yahoo) -- T/A (718) 921-8124
Having entered the booming solar energy sector in 2007, CTDC is the pioneer producer of cutting-edge
thin-film technology in the Photovoltaic (PV) industry in China. In September, CTDC formed a
strategic partnership with a US based thin film PV company that has been involved in photovoltaics
for 30 years to manufacture and sell the proprietary SnO2 base plates, a key component of a-Si
(Amorphous Si) Thin Film PV products, which can optimize the performance of Building Integrated
Photovoltaic (BIPV). In addition, the Company manufactures and distributes PV application and
other energy-saving products. CTDC’s ultimate principal shareholder is China Merchants
Group (http://www.cmhk.com), one of the biggest state-owned conglomerates in China.
Revenue (ttm): 1.15M -- Total Cash: 5.56M -- Total Debt: 0 -- Mkt Cap (for $5.50 pps): 78.09M more... #msg-26515521
]]
#board-3917 - DSTI - DayStar Technologies Inc. http://www.daystartech.com --- AS: 60M --- OS: 15.1M
* SB-2 registering 15M shares effective 10/25/07 - no rev's
* We have developed a proprietary thin film deposition technology for solar PV products that we believe will allow us to achieve a total module manufacturing
cost per watt of less than $1.00.
* We intend to manufacture monolithically integrated CIGS-on-glass modules to address near-term market opportunities, including grid-tied centralized
utility markets, as well as grid-tied decentralized commercial and residential markets. In addition, we will seek to develop CIGS on foil packaged
in flexible format for the emerging BIPV markets. We intend to begin installation of a 25MW manufacturing line at the beginning of 2008, with commercial
shipments beginning in 2009. To facilitate our entry into the addressable solar PV market, we have entered into a contract with Blitzstrom GmbH
that commits Blitzstrom to purchase a minimum of 50% of our production through 2011, subject to these products meeting defined performance criteria.
* Since inception of the development stage on July 1, 2005, our principal source of revenue has been from government funded research and development
contracts and grants.
]]
#board-10591 - EMKR - EMCORE Corporation
http://www.emcore.com --- AS: 100M --- OS: 52M
* EMCORE's Photovoltaics segment provides solar products for satellite and terrestrial applications. For satellite applications, EMCORE offers high-efficiency compound semiconductor-based gallium arsenide (“GaAs”) solar cells, covered interconnect cells (“CICs”) and fully integrated solar panels. For terrestrial applications, EMCORE offers Concentrating Photovoltaic Systems (“CPV”) for utility scale solar applications
* We are a leader in providing solar power generation solutions to the global communications satellite industry and U.S. Government space programs (see #msg-26542645 )
]]
#board-6305 - ENER - Energy Conversion Devices, Inc. http://www.ovonic.com/ --- AS: 100M -- OS: 40M (10/24/07)
* the Company’s co-founder and principal inventor, resigned as President in March 2007 and retired as an active employee and director of
the Company effective August 31, 2007
* Revenues from the company's solar business represented 89 percent of total revenues, or $41.9 million, a 33 percent sequential increase,
and a 76 percent increase over the prior-year quarter. The substantial increase in demand for UNI-SOLAR(R) laminates
* Fiscal year 2008 consolidated revenues are expected to be in the range of $220 million to $245 million
]]
#board-11153 - EPOI - EPOD International, Inc. http://www.epodinc.com
-- AS: 200M -- OS: 79M (10KSB/A filed 11/28/07) -- Float: 15M (per PRE 14C filed 11/17/08) T/A (972) 612-4120
International solar electric energy company. EPOD is a Grid-Integrated, eco-power utility and
electric power systems provider. The Company's operations include the engineering and construction
of turn-key factories for solar panel production and material handling systems. Additionally,
the Company has subsidiaries involved in the manufacturing of inverters, rectifiers, energy
management systems, and solar panels.
EPOD International Inc. (“EPOD International”) completed a corporate reorganization on February 22nd, 2008
(the “Reorganization”) and began doing business as EPOD Solar Inc. (“EPOD Solar”), a company incorporated
under the laws of British Columbia. Following the Reorganization, EPOD Solar became a widely held private
company and the shares in EPOD International were de-listed from the Pink Sheets. The company understands
the importance of a having a liquid market for its securities, and is actively pursuing a strategy to effect this objective.
]]
#board-5005 - ESLR - Evergreen Solar Inc. http://www.evergreensolar.com --- AS: 150M --- OS: 101.4M --- Preferred AS: 27.2M (as of 11/02/07)
Our revenues today are primarily derived from the sale of solar panels, which are assemblies of photovoltaic cells that have been electrically
interconnected and laminated in a physically durable and weather-tight package. We sell our products using distributors, systems integrators and
other value-added resellers, who often add value through system design by incorporating our panels with electronics, structures and wiring systems.
The primary applications for our current products is on-grid generation, in which supplemental electricity is provided to an electric utility grid,
but has in the past and is expected in the future to include off-grid generation for markets where access to conventional electric power is not
economical or physically feasible. Our products are currently sold primarily in the United States, Germany and Korea.
Revenues Our product revenues for the quarter ended 09/29/07 were $15.4M, a decrease of $20.8M, or 58%, from $36.2M for the quarter ended 9/30/06.
In May 2007, we completed a public offering of 17.25M shares of our common stock,
]]
#board-9297 - ESRG - Electron Solar Energy http://www.electronsolarenergy.com --- AS:100M --- OS: 66.5M (as of 04/09/07, per pinksheets.com)
TA: 1st Global Stock Transfer LLC (702) 656-4919 --- (Formerly=Envigra, Inc. until 1-07) --- 1:75 R/S on 1/19/07
Electron Solar Energy, based in Miami, Florida, is engaged in the international distribution of alternative energy systems. The Company's turnkey
solutions provide solar and wind energy generation, as well as energy storage systems sold B2B and B2C worldwide. The Company also sells a proprietary
line of sealed batteries, inverters, converters, Solar Panels, Related components, and gas and diesel fuel generators.
]]
#board-8401 - FSLR - First Solar, Inc. http://www.firstsolar.com --- AS: 500M --- OS: 78M
Revenues for 3Q'07 were $159.0M, up from $77.2 million 2Q'07 and up from $40.8M 3Q'06
]]
#board-4399 Hoku Scientific http://www.hokuscientific.com
http://sec.gov/cgi-bin/browse-edgar?company=HOKU+Scientific+Inc&action=getcompany
outstanding as of January 15, 2009: 21,094,899 AS:100M REV's:5.47M
#board-8095 - ICPR - ICP Solar Technologies Inc. http://www.icpsolar.com
]]
#board-10320 - JASO - JA Solar Holdings co. Ltd. http://www.jasolar.com
]]
#board-9981 - LDK - LDK Solar Co. Ltd http://www.ldksolar.com
]]
#board-6937 - OCTL - Octillion Corp. http://www.octillioncorp.com --- AS: 100M --- OS: 51M (as of 6/29/07)
]]
#board-5961 - OEGY - Open Energy Corp. http://www.openenergycorp.com - AS: 1.25B -- OS: 125M (per 10Q filed 10/08/07)
]]
#board-???? - Real Goods Solar, Inc. - RSOL - http://www.realgoods.com/--- OS: 13,346,707 5/08/08 IPO 5.5M @ $10/share (IPO proceeds: $19.8 million)
Rev's: 2007: $12,114 2006: $16,812 2005: $18,922
http://sec.gov/cgi-bin/browse-edgar?company=Real+Goods+Solar&action=getcompany
]]
#board-6078 - QTWW - Quantum Fuel Systems Technologies Worldwide Inc. http://www.qtww.com
]]
#board-6706 - SESI - SES Solar Inc. http://www.sessolar.com
]]
#board-9900 - SLTZ - Solar Thin Films, Inc. http://solarthinfilms.com
]]
#board-5805 - SOEN - Solar Enertech Corp. AS:200M - OS:78,827,012 - Rev's: $5.6M 2007 (ending 9/30) Cash: $913k
"As of the date of this Report, one semi-automated production line is in operation. Raw material consists of PV-grade silicon wafers."
$17.3M secured convertible note issued March, 2007
http://www.solarenertech.com
]]
#board-11813 - ReneSola Ltd - SOL - http://www.renesola.com --- OS: 10M 1/25/08 IPO
* We are a leading Chinese manufacturer of solar wafers, which are thin sheets of crystalline silicon material
* We possess one of the largest solar wafer manufacturing plants in China based on production output in 2006
* Our customers: JA Solar Co., Ltd., Motech Industries Inc., Solarfun Power Holding Ltd., Suntech Power Co. Ltd. and Topco Technologies Corp.
* rev's: $5.1M 2005; $84.4M 2006; $52.1M 3Q's 2006; $152.9M 3Q's 2007
]]
#board-8187 - SOLF - Solarfun Power Holdings Co. Ltd. http://www.solarfun.com.cn --- OS: 48M
The Company is a manufacturer of both photovoltaic, or PV, cells and PV modules in China. It also manufactures
and sells a variety of PV cells and PV modules using advanced manufacturing process technologies.
* 3Q revenue $100.6M, Q2: $60.8M, Q1: $25.1M
* 3Q earnings $0.17 per ADS
]]
#board-13087 - SOLR - GT Solar International, Inc. - http://www.gtsolar.com/ - - OS: 30.3M -
* A Merrimack, N.H., manufacturer plans to go public at $15.50 to $17.50 a share. ...IPO -- 07/23/08
* GT Solar Incorporated is recognized world-wide for our manufacturing and integration of turnkey photovoltaic (PV) fabrication lines, PV manufacturing equipment, and as a supplier of reactors for Silicon production.
* With 30.3 million shares in the IPO, GT Solar will raise about $500 million via underwriters Credit Suisse and UBS Investment Bank.
* GT Solar reported net income of $36 million and revenue of $244 million for the first quarter of 2008.
* 97% of FY08 sales were in Asia... The co turned profitable in FY08 (ended Mar) after a loss in the year ago period.
* FY08 revenue jumped 305% to $244 mln
#board-10568 - SPIR - Spire Corp. http://www.spirecorp.com --- AS: 20M -- OS: 8.6M
* In the solar area, the Company develops, manufactures and markets specialized equipment for the production of terrestrial photovoltaic modules
from solar cells. The Company's equipment has been installed in approximately 190 factories in 46 countries. The Company also provides custom and
building integrated photovoltaic (BIPV) modules, stand-alone emergency power backup and photovoltaic systems integration services using
technology developed by the Company.
* JV with ("Gloria Solar"), a company organized under the laws of the Republic of China (Taiwan)
* Rev's $10.4M for 6 months ending 6/30/07
]]
#board-10567 - SPWR - SunPower Corp. http://www.sunpowercorp.com/
SunPower is a majority-owned subsidiary of Cypress Semiconductor Corp. (NYSE: CY)
CY has unwound their ownership in SPWR
you now have SPWRA and SPWRB( the shares sold by CY)
]]
Sunrise Solar Corp. http://www.sunrisesolarcorp.com/
http://sec.gov/cgi-bin/browse-edgar?company=SUNRISE+SOLAR+CORP&action=getcompany
9,612,744 shares of the registrant’s common stock issued and outstanding as of February 28, 2009.
SSC incurred a net loss of approximately $1,030,000 for the twelve months ended December 31 2008,
and had a working capital deficit of approximately $961,000 as of December 31, 2008.
#board-6624 - STP - Suntech Power Holdings Co. Ltd. http://www.suntech-power.com
]]
#board-6624 - STRI - STR Holdings Inc. . http://www.strholdings.com
]]
#board-9626 - TSL - Trina Solar Ltd. http://www.trinasolar.com
]]
#board-6326 - TSSP - Trendsetter Solar Products Inc. http://www.trendsetterindustries.com
]]
#board-6476 - WFR - MEMC Electronic Materials Inc. http://www.memc.com --- OS: 229M --- Revenue (ttm):1.81B --- Debt: 32M --- Cash: $1.2B
MEMC produces its own supply of silicon wafers and sells to both solar and semiconductor industry. It is the largest pure-play maker
of silicon wafers producing 95% of all the polysilicon it uses to make wafers and is becoming a major producer of wafers for the industry.
]]
#board-4340 - ENSL - Entech Solar, Inc. http://www.entechsolar.com OS:245M 11/2008
]]
#board-3771 - XSNX - XSUNX Inc. http://www.xsunx.com
]]
#board-9878 - YGE - Yingli Green Energy Holding Company Ltd. http://www.yinglisolar.com (Designs/manu/sells photovoltaic cells and modules)
]]
34 Solar companies...
AKNS - #board-6812 -- Akeena Solar, Inc. http://www.akeena.net (Akeena is one of the largest national integrators of residential and small commercial solar power systems in the US)
ASTI - #board-8687 -- Ascent Solar Technologies Inc. http://www.ascentsolar.com (manufacturer of thin-film flexible photovoltaic modules)
BSRC - #board-9249 -- BioSolar, Inc. http://www.biosolar.com (replacing petroleum-based plastic solar cell components with durable bio-based plastics.)
CHPO - #board-9683 - Clean Hydrogen Producers Ltd. http://www.clean-hydrogen-producers.com (CHP solar energy principle is to crack the water molecule via solar rays into hydrogen and oxygen.)
CSIQ - #board-11151 - Canadian Solar Inc. http://www.csisolar.com (a major global provider of solar power products - manufacturing operations in China)
CNUV - #board-3853 -- China Nuvo Solar Energy Inc.(has acquired a license for exclusive worldwide rights to a unique solar cell technology)
CSUN - #board-9482 -- China Sunergy Co. Ltd. http://www.n-pv.com
CSIQ - #board-11151 -- Canadian Solar Inc. http://www.csisolar.com -- OS: 27.3M profitable manufacturer of solar cell, solar module and solar application products.
CSOL - #board-11152 - China Solar & Clean Energy Solutions, Inc. http://www.delisolar.com -- OS: 6.2M reverse merger - CSOL USA holds chinese solar companies
DSTI - #board-3917 -- DayStar Technologies Inc. http://www.daystartech.com --- AS: 60M --- OS: 15.1M -- SB-2 registering 15M shares effective 10/25/07 - no rev's
ENER - #board-6305 -- Energy Conversion Devices, Inc. (ENER) http://www.ovonic.com OS: 40M - Manufactures and sells thin-film solar laminates under the UNI-SOLAR(R) brand - $200M Rev's in '08
EPOI - #board-11153 - EPOD International, Inc. http://www.epodinc.com
ESLR - #board-5005 -- Evergreen Solar Inc. http://www.evergreensolar.com
ESRG - #board-9297 -- Electron Solar Energy http://www.electronsolarenergy.com
FSLR - #board-8401 -- First Solar, Inc. http://www.firstsolar.com
ICPR - #board-8095 -- ICP Solar Technologies Inc. http://www.icpsolar.com
JASO - #board-10320 - JA Solar Holdings co. Ltd. http://www.jasolar.com
LDK -- #board-9981 -- LDK Solar Co. Ltd http://www.ldksolar.com
OCTL - #board-6937 -- Octillion Corp. http://www.octillioncorp.com (transparent PV ‘NanoPower Window' - Scientists successfully engineered and assembled a mechanically stable, see-through prototype)
OEGY - #board-5961 -- Open Energy Corp. http://www.openenergycorp.com (photovoltaic roofing shingles)
QTWW - #board-6078 -- Quantum Fuel Systems Technologies Worldwide Inc. http://www.qtww.com
SESI - #board-6706 -- SES Solar Inc. http://www.sessolar.com
SLTN - #board-9900 -- Solar Thin Films, Inc. http://solarthinfilms.com
SOEN - #board-5805 -- Solar Enertech Corp. http://www.solarenertech.com
SOLF - #board-8187 -- SOLF - Solarfun Power Holdings Co. Ltd. http://www.solarfun.com.cn
SOLR - #board-13087 -- GT Solar International, Inc. - http://www.gtsolar.com/
SPIR - #board-10568 -- Spire Corp. http://www.spirecorp.com OS: 8.6M develops, manufactures and markets specialized equipment for the production of PV modules
SPWR - #board-10557 - SunPower Corp. http://www.sunpowercorp.com/
STP -- #board-6624 -- Suntech Power Holdings Co. Ltd. http://www.suntech-power.com
TSL -- #board-9626 -- Trina Solar Ltd. http://www.trinasolar.com
TSSP - #board-6326 -- Trendsetter Solar Products Inc. http://www.trendsetterindustries.com
WFR -- #board-6476 -- MEMC Electronic Materials Inc. http://www.memc.com (MEMC and Conergy Announce $7-$8 Billion Solar Wafer Agreement 10/25/07)
WWAT - #board-4340 -- WorldWater & Solar Technologies Corp. http://www.worldwater.com
XSNX - #board-3771 -- XSUNX Inc. http://www.xsunx.com
YGE -- #board-9878 -- Yingli Green Energy Holding Company Ltd.
David Gelbaum (Hedge fund hall of fame) and wife, Monica Chavez Gelbaum's "Quercus Trust" have sizable positions in: AKNS, ASTI, CSOL, DSTI, OEGY, OCTL, SPIR, WWAT (see post 55)
Private solar Companies:
http://www.nanosolar.com
http://www.heliovolt.net
http://www.esolar.com
http://recsolar.com
http://www.envisionsolar.com (Transforming Parking Lots into Power Plants, Beautifully)
Solar info sites:
http://www.solarbuzz.com
http://www1.eere.energy.gov/solar/photovoltaics.html
http://www.renewableenergystocks.com/Companies/RenewableEnergy/Stock_List.asp
http://www.solarconnecticut.org
http://www.solartoday.org
http://www.greenchipstocks.com
BIPV Building Integrated Photovoltaic Products
CIGS Copper Indium Gallium Selenide
Next Stop: Dow 25,000
2007 . . . . . . . . . . . . . . . . . . 15,200
2008 . . . . . . . . . . . . . . . . . . 17,252
2009 . . . . . . . . . . . . . . . . . . 19,581
2010 . . . . . . . . . . . . . . . . . . 22,224
2011 . . . . . . . . . . . . . . . . . . 25,224
http://www.energyandcapital.com/articles/dow+jones-bull+market-prediction/440
]
diversified way to play alternative energy stocks is the Powershares Clean Energy (PBW) ETF.
]
New solar ETF, see #msg-28638756
Solar Stocks #board-11148
Peak Oil #board-6609
Coal Stocks #board-2809
Real Estate Bubble #board-7285
Real Estate Lender Implosion #board-10076
HomeBuilders #board-1680
Your Economy #board-1948#board-12736
Volume | |
Day Range: | |
Bid Price | |
Ask Price | |
Last Trade Time: |