AEIS, SUNE to lead continuing solar PV recovery in 2014, Needham says


The recovery in the solar PV sector (KWT +1.9%; TAN +0.8%) should continue into 2014, Needham says, tapping Advanced Energy (AEIS +1.8%) and SunEdison (SUNE +0.8%) as its top picks in the space.

Needham believes the solar sector will continue to improve due to technology approaching grid parity in several unsubsidized markets; increased availability of financing through a number of private funds and public vehicles; a more balanced supply/demand; and reducing cost structure.

The firm believes overall worldwide solar installation will grow from 36 GW in 2013 to 42 GW in 2014, driven by rising demand in China, the U.S. and several emerging markets, while demand out of the Europe and Japan will remain stable.

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Comments (1)
  • omarbradley
    , contributor
    Comments (966) | Send Message
     
    i find it very interesting that securitized debt has made a comeback in of all places the solar space. this is obviously a VERY powerful growth driver for the industry going forward and in the immediate term. I certainly don't think California will be forced in any way to start lowering the preferential treatment given the industry anytime soon...unlike say what happened in Germany. Other States would be wise to follow California's lead btw. they have such a huge head start in the build out of roof top solar out that way the economic benefits could be very significant. California is a surprisingly large oil producer actually...and if their demand for gasoline suddenly drops to nil over the coming years this could make that State very wealthy indeed.
    3 Jan 2014, 03:20 PM Reply Like
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