India Hates Coal

By Jeff Siegel If you think the war on coal in the U.S. is bad, you ain't seen nothing yet! We recently got word that India is set to double the tax on coal production, while promoting electric vehicles and renewable energy projects. I'm pretty sure there's some Luddite reporter in Mumbai right now who's head's about to explode. But that's neither here nor there. While I'm no fan of regulatory regimes of any kind, I'd be lying if I said I wasn't happy to know that a crap-ton of money is getting funneled into renewable energy and electric...

SolarCity Announces Expansion in New York, Files for $200 Million IPO

Vince Font Just days after announcing the launch of major expansions in New York state, the San Mateo-based solar company SolarCity has filed for an IPO in excess of $200 million. Having already received more than $1.5 billion in funding from a variety of high profile companies including Google, PG&E, and U.S. Bancorp, SolarCity is betting on the success of its business model to appeal to stock investors eager to snatch up a slice of the potentially lucrative solar pie. The company’s business model is simple and effective, and has led SolarCity to rapidly become...

Solar REITs: A Better Way to Invest in Solar

Tom Konrad CFA The last day for a solar developer to submit an application for the Treasury’s 1603 grant program was September 30th, and only for grandfathered solar projects which broke ground before the end of 2011. Solar panel prices have continued to drop this year, but solar project development remains a capital-intensive business.  The 1603 program allowed solar developers to monetize the solar investment tax credit (ITC) much more quickly than they could otherwise, and this essentially reduced their cost of capital.  As the rush of projects begun before the end of 2011 are completed, developers are looking...
solar manufactureing

List of Solar Manufacturing Stocks

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 (forthcoming 6/21), and solar and wind inverter stocks. 5N Plus Inc (VNP.TO, FPLSF) Amtech Systems Inc (ASYS) 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 (TAN) Hanwha Q CELLS Co., Ltd. (HQCL) Iberdrola, S.A....

The Performance Of Solar PV Systems

Aug 11-09 Solar PV Charles Morand A couple of weeks ago, I noted the importance of examining parameters other than module costs when gauging the economic competitiveness of solar PV energy. I noted how multiple factors influence the levelized cost of energy produced by solar PV systems, and thus its relative cost position on the grid. Nothing new here.   However, besides standard test conditions (STC) conversion efficiency, or nameplate conversion efficiency, public data on parameters other than cost per watt-peak is not always easy to come by. That's...

China’s Solar Power Inc Eyes $300 Mln NY IPO

Doug Young Bottom line: New York IPO plans by a Canadian Solar unit and Solar Power Inc could auger a new wave of similar listings by Chinese new energy power plant builders, offering investors a higher growth alternative to traditional utilities. Just a day after solar panel maker Canadian Solar (Nasdaq: CSIQ) announced it has spun off its fast-growing solar power plant-building unit for a US listing, another China-based peer is discussing plans for a similar IPO. This time a company called Solar Power Inc is the one disclosing plans for a New York listing to raise...

Two Exciting Alternative Energy Themes For Summer

By Harris Roen Summer is here, and the sun has been shining on alternative energy. Two investment themes in the changing alternative energy landscape have emerged as potential profit centers for investors. To take advantage of these trends, the Roen Financial Report has added in four new companies to the list of about 250 alternative energy companies that we track for our readers. Investment Theme #1: The growing domestic Japanese solar market In the wake of the Fukushima nuclear disaster, Japan has committed to growing renewables as a domestic energy source. According to Mercom Capital Group,...

Photovoltaics: 10 Trends to Watch in 2013

2012 Report Card plus my 2013 trends and predictions. Ed Gunther Though I’ll blame my lingering flu, the Photovoltaics: 11 Trends to Watch in 2012 review and 2013 photovoltaic (PV) trends and predictions post has again extended well into February. As usual, I won’t be grading on a curve. Photovoltaic Market Demand Growth Last year, I said: In 2012, I predict at least 25% global PV installation demand growth. I am tempted by the under since the early year Feed-in Tariff (FiT) headwinds seem stronger than ever with serious talk of a 1 GW...

China Solar Update: LDK, Canadian Solar, First Solar & Sunpower

Doug Young There're quite a few news bits coming from the solar sector today, with more downbeat news from struggling LDK Solar (NYSE: LDK) even as 2 western panel makers make important new inroads to the China market. Meantime, Canadian Solar (Nasdaq: CSIQ) is also getting some good news in the form of new financing from a major western commercial lender for a new solar power project in Canada. Let's start with the LDK news, as it's easily the most downbeat in this flurry of new reports. For anyone who doesn't follow the sector too closely, LDK is...
Suncommon groundbreaking

Suncommon breaks ground on a new Community Solar project in the Hudson Valley

  On 10/17/18, a groundbreaking event was held for a community solar installation being developed by SunCommon, partnering with Orange County Citizens Foundation, to supply a group of 60 homes and a community center located in the hillsides of an exurb called Sugar Loaf near Chester, NY. The staff and community members were ebullient, as the project, coming to the end of 2-year development process, begins the final stage of erecting the racks and panels, and installing the interconnection, which will be completed in the next 30 days. It is the first project for SunCommon, a firm with a large footprint...

Solar: Big Gets Bigger, Small Suffers

Doug Young A couple of new items from the battered solar sector hint that the situation may be improving for the largest companies, even as smaller players continue to struggle and face the very real danger of collapse. Of course I'd be remiss if I didn't point out that I've predicted a rebound for this embattled sector once or twice before based on optimistic company statements, and in each instance the rebound I was sensing never came. This time the difference could be that many smaller players have now closed or are tottering on the brink of insolvency,...

Solar: Polysilicon Prices Accelerate To The Downside

by Clean Energy Intel In a further sign of the continue supply-demand imbalance in the solar sector, weekly data from Bloomberg New Energy Finance suggests that the spot price of polysilicon, the raw material used in most solar panels, accelerated to the downside last week, falling at the fastest pace since June. Prices of solar wafers and cells also continued their decline: 'The average selling price dropped 5.8 percent on the week to Oct. 10 to $43.78 per kilogram, according to the latest results from the London-based research firm’s survey of contracts conducted from Oct. 3 to...

China Won’t Impose Tariffs on EU Polysilicon: Solar Trade Tensions Cool

Doug Young After months of heated rhetoric, the voice of reason is growing between Europe and China as they seek to end their dispute over Beijing’s state support for its solar panel sector. In the latest sign that a potential agreement to resolve the dispute could be near, Beijing has decided not to levy punitive tariffs against European polysilicon, the main ingredient used in making solar panels. (English article) Many had seen China’s launch of an anti-dumping investigation into European and US polycilicon imports last year as a retaliatory move for similar US and European investigations into Chinese...

Suntech Gets Set to Tackle Debt

Doug Young Struggling solar cell maker Suntech (NYSE: STP) has just issued a euphemistically upbeat plan on how it intends to "solidify market leadership," as it tries to return to health amid a prolonged industry downturn that has seen prices plunge more than 70 percent over the last 2 years. But investors are clearly focused on the last part of the plan, specifically discussing how the company intends to deal with nearly $600 million in convertible bonds that will come due in March next year. The process of renegotiating that debt is likely to be a long one,...

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....