Underpriced JA Solar Becomes More Undervalued
by Shawn Kravetz In the second quarter, solar stocks were impacted by broad energy sector declines on global macroeconomic concerns (most notably Greece and China). This negative sentiment has continued unabated into July exacerbating the disconnect between fundamentals and perceptions. JA Solar (NYSE: JASO) epitomizes this dislocation. We at Esplanade Capital Electron Partners (ECEP) owned JA Solar prior to June 5, believing the company to be worth ~30%+ more than the share price. On June 5, JA Solar received a takeover offer from its Chairman/CEO and parent company at a 20% premium....
The End of Abound Solar – What Have We Learned?
By Joseph McCabe, PE Timeline for Abound Solar The sad news on July 2nd 2012 was that 125 employees were being laid off at the Abound Solar factories in Colorado. Abound listed assets at $100 million and liabilities of $500 million in the bankruptcy filing. The final auction of the equipment assets was performed this past week. I feel fortunate to have visited Dr. W.S. Sampath's Cadmium Telluride (CdTe) photovoltaic (PV) manufacturing laboratory at Colorado State University in February 2005. At that time the laboratory was depositing CdTe PV materials onto 16” X 16” glass panels. That...
Chinese Bureaucracy Casts Cloud Over Shiny Solar Finance
Doug Young Bottom line: Complaints of problems from a major solar plant builder reflect the difficulty of new construction in China, and could wreak havoc on the sales and finances of panel makers and their construction partners. Solar entrepreneur Shi complains of bureaucracy Two solar energy news items are showing both the attraction and also the frustration that developers are feeling as they try to build new clean-energy power plants to help China wean itself from its dependence on fossil fuels. On the attraction side of the story, the industry...
EU Probes Chinese Solar Firms
Doug Young Bottom line: The EU is likely to resolve its latest dispute with Chinese solar firms over implementation of a year-old pricing agreement, but the clash will undermine trust and hints at future conflict over the issue. After several months of relative quiet, Chinese solar panel makers are back in the headlines this week with another looming trade dispute in Europe. This particular story, and much of the industry’s woes over the last 2 years, stems from broader western allegations of unfair government support for Chinese panel makers. In this case China and the EU signed...
Sunset for Suntech as China Solar Target Rises
Doug Young Sunset for Suntech. Photo by Tom Konrad More good news is coming for the rebounding solar sector with word that Beijing is accelerating its build-up of solar power plants in a bid to help the industry and also improve China’s dismal air quality. But that news is coming too late for rapidly disappearing sector pioneer Suntech (NYSE: STP), which has just announced it has formally launched a liquidation process that will end its life as an independent company. Suntech’s downbeat news isn’t really unexpected, and comes amid...
It’s Time to Buy SolarCity
By Jeff Siegel Well, it was a record-breaking day for Texas last week. On March 26, at 8:48 p.m., nearly 30% of the Lone Star State's electricity was generated by wind. Most came from West Texas, and there wasn't a single issue regarding integration. Despite the common refrain of “the grid can't handle all this intermittent power,” Texans had no problem turning on the lights with all those extra wind-powered electrons. Of course, for those of you who rely on actual data instead of empty rhetoric, this should come as no surprise. In fact, a new study just...
Community Solar Providers In Central Hudson Territory
See the Buyer's Guide to New York Community Solar for details on how New York community solar works and lists for other utility territories.
VENDOR NAME
PRICING STRUCTURE
ADDITIONAL DETAILS
SPECIAL OFFERS
Ampion
10% discount subscription model
Free cancellation with 90-day notice, excess credit is banked. Opt-in options through municipalities available.
$50 donation to local sustainability fund
Astral Power
10% discount subscription model (Broker for solar farms)
No cancellation fee. Bill needed in customer’s name
$100 donation to Food Bank of the Hudson Valley
Community Power Partners
10% discount subscription model
no cancellation fee with 90 days notice, no credit checks and no payment information required
Nexamp Inc.
10% discount subscription model
No cancellation fees and long-term...
List of Solar Manufacturing Stocks
This list was last updated on 6/6/2022.
Solar manufacturing stocks are publicly traded companies who develop or manufacture equipment that converts sunlight into other types of useful energy. Includes manufacturers and developers of both solar photovoltaic and solar thermal equipment, as well as their supply chain.
See also the list of Solar Farm Owner and Developer Stocks, the list of Residential Solar Stocks, and solar and wind inverter stocks.
5N Plus Inc (VNP.TO, FPLSF)
Amtech Systems Inc (ASYS)
Array Technologies, Inc. (ARRY)
Apollo Solar Energy (ASOE)
Ascent Solar Technologies Inc (ASTI)
Canadian Solar (CSIQ)
DAQO New Energy Corp. (DQ)
First Solar Inc (FSLR)
GCL-Poly Energy Holdings Ltd. (3800.HK)
Guggenheim Global Solar ETF...
EnvisionSolar Now On Nasdaq
The Envision Solar (EVSI) was reviewed in depth in a previous article last September in the context of its avoidance of high demand charges for electric vehicle DC fast chargers.
Envision Solar has completed its Nasdaq listing as reported in the news release on the Nasdaq site & Accesswire. The company issued 2,000,000 shares and expects to receive gross proceeds of $12.0 million before deducting offering expenses.
Prior to the new listing, average pricing for the stock on the OTC market was disclosed to be $.23/share. Applying the 1:50 reverse split, the post-split equivalent stock value would have been $11.50. However,...
SolarCity: Fanning the Flames
by Debra Fiakas CFA Solar power installer Solar City (SCTY: Nasdaq) has attracted a swarm of shareholder lawsuits in recent weeks. The stock is trading at a price level 44% below its 52-week high of $88.35 set in February 2014. That has to be disheartening for those who were on the wrong side of the trades at those lofty levels. In February when traders were bidding $88 and change for SCTY, the stock was trading at about 50 times revenue and 47 times cash flow from operations. Of course, since the company had yet to produce...
LDK Posts Steep Loss Amid Mounting Industry Pressure
Steve Leone Margin squeeze photo via Bigstock China's LDK Solar(LDK), a producer of polysilicon, wafers, cells and modules, has reported a steep quarterly loss that underscores the dramatic industry-wide shift that has occurred in the past year. In a weaker-than-expected fiscal first quarter statement posted Tuesday, LDK reported a net loss of $185.2 million, or a loss of $1.46 per diluted American depository share (ADS). During the same period a year ago, the company posted a net income of $135.4 million, or a $0.95...
Energy Conversion Devices (NASDAQ:ENER): Jefferies Vs. Cramer
Two different opinions on Energy Conversion Devices came out last Thursday (Jan. 11). Analyst Jeffrey W. Bencik at Jefferies & Co said that ENER was one his top 2 picks in the solar industry for '07, opining that despite continued volatility this should be a rewarding year for ENER investors. He believes that attention will "shift from company specific performance to a top down focus on the evolution of solar incentive schemes." Jim Cramer, on Thursday's Mad Money, said he could not, "in good conscience, recommend that stock with oil at $51, going to $49. So,...
How China Came To Dominate Solar Manufacturing
by Paula Mints
The PV industry is global, and its pricing function has a cultural basis. Particularly as it is dominated by China, without an understanding of China and its market motivations, it is impossible to understand why PV manufacturers today, all rational actors, willingly accept 15% or lower manufacturing margins when margins for like industries are higher.
Examples from other industries include: Coal 40% to 50%, Iron and Steel 20%, Construction ~30%, Appliances 30%, Aluminum 20%, Industrial Machinery and Components 40%, Aerospace 40% and Agriculture 8%.
In the PV industry the average margin is 8%. Congratulations PV, you are on par with agriculture.
Aside from significant government...
LDK CEO Removed in Continuing China-Backed Rescue
Doug Young After a week of unusual quiet on the stormy solar panel front, the sector is splashing back into the headlines with word that struggling LDK Solar (NYSE: LDK) is moving one step closer to a state-led takeover of the debt laden company. Meantime, China is also taking its own broader moves against recent protectionist actions in the West by lodging an official complaint at the World Trade Organization against what it is calling unfair treatment of its companies in Europe. Let's take a look at the LDK news first, as it's the most dramatic and...
China Plans Aggressive Renewables Deployment But Falling Incentives
Doug Young Lofty targets contained in a new report show that China intends to push ahead with ambitious plans to build up its renewable energy sector. But perhaps the most interesting thing about this new report is word that Beijing finally intends to sharply reduce the inflated state-set fees now paid for solar and wind-produced power, in one of the sharpest indicators that it expects the industry to stop depending on government support and become commercially viable on its own. Such state support through a wide array of measures, which also include export credits and low-interest loans,...
Solar Trade Case Analysis and Implications
by Paula Mints
In terms of the current trade petition and the USITC decision, government interference will not correct an imbalance that is embedded in the industry (globally) particularly when it is put in place by a body that does not understand the nuances of the problem. Despite evidence to the contrary, attorneys and consultants for Suniva/SolarWorld seem to have convinced the USITC that cell manufacturing in the US can be resuscitated and that tariffs and quotas the mechanism that will stimulate manufacturing. In reality, this situation is stimulating uncertainty and doing harm.
Table 1: Tariff Recommendations
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