VanEck Vectors Solar Energy ETF (KWT) - NYSEARCA
  • Dec. 7, 2012, 6:27 PM

    Prices for just about anything solar-related continue to tumble. Digitimes reports the average price of cells with "mid-range" (16.2%-16.6%) efficiency has fallen to just $0.25-$0.30/watt - cell prices were around $0.48/watt at the beginning of Q3. Meanwhile, polysilicon contract prices have fallen to $17-$18/kg from $20/kg in Q3, putting it further below the variable cost of Western producers. The troubled industry received a piece of good news this week courtesy of the Indian government, which has set a goal of building 9GW of plants by 2017.

    | Dec. 7, 2012, 6:27 PM | 4 Comments
  • Nov. 28, 2012, 11:14 AM

    A relief rally or a dead-cat bounce? Depressed Chinese solar stocks are up after Yingli (YGE +11.2%) and JA Solar (JASO +6.8%) delivered better-than-feared results (I, II) and guidance. Trina (TSL +12.9%), LDK Solar (LDK +6.2%), and misnamed Canadian Solar (CSIQ +5.9%) are among the winners. A Reuters column today notes Chinese vendors are increasingly counting on domestic sales (boosted by subsidies) to drive growth, as they cope with anti-dumping tariffs in the U.S. and perhaps soon Europe.

    | Nov. 28, 2012, 11:14 AM | 2 Comments
  • Nov. 26, 2012, 3:50 PM

    Germany is seeing a rush of large-scale solar installations amidst fears subsidies for such projects will vanish in 2013, as the government tries to shift activity towards rooftop installations. 81% of September German installations reportedly featured capacities greater than 1MW. A dropoff in demand for large-scale projects would hurt First Solar (FSLR), whose low-cost, low-efficiency modules are best suited for installations where space isn't at a premium. (also)

    | Nov. 26, 2012, 3:50 PM
  • Nov. 26, 2012, 2:32 PM

    Chinese solar polysilicon demand fell 34% in October, claims UBS; IHS iSuppli estimated last week polysilicon spot prices fell 9% on the month. Moreover, UBS expects polysilicon demand to remain weak in Q4 due to poor visibility for 1H solar module sales. Given the latest earnings reports from module vendors (I, II), it's hard to argue with that assessment.

    | Nov. 26, 2012, 2:32 PM
  • Nov. 16, 2012, 10:23 AM

    The solar industry's bad earnings news won't let up. Yingli (YGE -8.3%) is the latest culprit, warning it expects to report a 17% Q/Q drop for Q3 module shipments on Nov. 28, something that doubtlessly means Yingli's prior guidance for a 31%-37% Y/Y increase in 2012 shipments won't hold. Gross margin is expected to total just 0%-1% if one doesn't include the reversal of a provision related to the ITC's anti-dumping duties, and -22% to -24% if one does. Solar stocks are selling off again (TAN -3%), capping off a brutal week. (Canadian Solar)

    | Nov. 16, 2012, 10:23 AM
  • Nov. 15, 2012, 1:55 PM
    It's still no fun to be a solar manufacturer. Canadian Solar (CSIQ -14%) is seeing huge losses following its big Q3 miss, which is contributing to yet another sector rout (TAN -3.6%). Canadian's gross margin fell to a mere 2.2%, and would likely have been negative if not for its efforts (similar to those of peers) to expand into plant construction. The company expects to ship 380MW-420MW of modules in Q4, compared with 384MW in Q3, and record a gross margin of 1%-3%. (yesterday) (transcript)
    | Nov. 15, 2012, 1:55 PM | 2 Comments
  • Nov. 14, 2012, 4:03 PM
    Solar stocks close with big losses (TAN -4.3%) on a bad day for high-beta tech firms not named Facebook. Trina (TSL -18.3%) is now down 27% since slashing guidance on Monday morning. STP -11.9%. LDK -7.5%. SPWR -6.7%. CSIQ -9.2%. (LDK deal termination)
    | Nov. 14, 2012, 4:03 PM | 2 Comments
  • Nov. 12, 2012, 3:01 PM

    Solar stocks advance as China says it is taking new applications from regional governments looking for solar project subsidies. Talk of a government bailout gives these shares a reprieve, but how long it lasts is another story as many analysts think the industry needs more than this type of bailout. LDK +16.6%, STP +6.5%, YGE +3.7%, FSLR +3%.

    | Nov. 12, 2012, 3:01 PM
  • Nov. 9, 2012, 2:42 PM

    First Solar (FSLR +2.9%) and SunPower (SPWR +3.6%) continue to have a good week. Hopes are up that Pres. Obama's re-election will mean the DOE's strong financial support for U.S. solar projects will remain in place. MEMC (WFR +3.8%) is also rallying. (previous)

    | Nov. 9, 2012, 2:42 PM | 2 Comments
  • Nov. 8, 2012, 5:17 AM

    The ITC yesterday voted 6-0 that U.S. solar-panel manufacturers have been harmed by illegal dumping from their Chinese rivals, opening the way for the Commerce Department to impose tariffs. The department has said these will mainly be 24%-36%, although some face duties of up to 250%. North American firms in focus: SPWR, FSLR, CSIQ, WFR. China: JASO, CSUN, STP, SOLR, SOL, YGE, LDK, CSUN

    | Nov. 8, 2012, 5:17 AM | 3 Comments
  • Nov. 6, 2012, 11:48 AM

    U.S. solar plays First Solar (FSLR +7.1%) and SunPower (SPWR +6.2%) are having a good day. Growing expectations among observers that Pres. Obama will be re-elected could be fueling the gains, in light of his administration's support for DOE solar funding in the face of Congressional opposition.

    | Nov. 6, 2012, 11:48 AM
  • Nov. 2, 2012, 9:12 AM

    First Solar (FSLR) now -6% in response to its Q3 report, as a top-line miss and weak operating cash flow guidance overshadow EPS strength. Cantor is downgrading to Hold on valuation and concerns about the profitability of new projects. Management noted on the earnings call solar continues to see "an increasing number of production cuts, capacity reductions and bankruptcies," and that several construction sites have been impacted by Hurricane Sandy. Q3 capacity utilization was 83%, up from Q2's 63%, and production cost/watt fell by $0.05 to $0.67.

    | Nov. 2, 2012, 9:12 AM
  • Oct. 30, 2012, 6:27 PM
    Here's a bit of good news for the beleaguered solar industry: Digitimes reports some Chinese solar material makers have seen capacity utilization rates rise to 50% in October from a mere 20%-30% in September due to strong domestic demand. Moreover, Taiwanese suppliers have reportedly seen utilization rates rise above 70% thanks to growing Japanese demand. Both the Chinese and Japanese governments are pulling out all the stops (I, II) to boost local solar investment.
    | Oct. 30, 2012, 6:27 PM | 3 Comments
  • Oct. 22, 2012, 5:57 AM

    Siemens (SI) plans to exit the solar industry as part of its cost-reduction plan and is in negotiations with prospective suitors for its solar ops after they failed to meet expectations because of low growth and prices. Siemens will now focus its renewable energy activities on hydro and wind power, which have also been problematic.

    | Oct. 22, 2012, 5:57 AM
  • Oct. 11, 2012, 9:57 AM
    First Solar (FSLR +2.9%) is trekking higher following the U.S. government's official imposition of anti-dumping tariffs against Chinese solar vendors, and LDK Solar (LDK -2.9%) and Suntech (STP -2.7%) are doing the opposite. The Chinese government was quick to denounce the tariffs, which are accompanied by countervailing duties of 15%-16%. But some U.S. manufacturers are disappointed the duties don't cover Chinese solar modules made with non-Chinese cells.
    | Oct. 11, 2012, 9:57 AM | 5 Comments
  • Oct. 10, 2012, 5:03 PM

    The U.S. government has reportedly set anti-dumping duties of 18%-250% on Chinese solar imports. Provisional anti-dumping duties of 31%-250% were set in May. The Chinese government has been vocal about its displeasure with the duties, and is currently reviewing anti-dumping complaints made by Chinese polysilicon vendors against U.S. firms.

    | Oct. 10, 2012, 5:03 PM | 3 Comments
KWT Description
VanEck Vectors Solar Energy ETF (KWT) seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the MVIS Global Solar Energy Index (MVKWTTR), which is intended to track the overall performance of companies involved in photovoltaic and solar power, or the provision of solar power equipment/technologies and material or services to solar power equipment/technologies producers.
See more details on sponsor's website
Sector: Technology
Country: United States
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