Seeking Alpha

Market Vectors Solar Energy ETF (KWT)

  • 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 | Comment!
  • 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 | Comment!
  • 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 | 4 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 | Comment!
  • 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
  • Oct. 5, 2012, 9:58 AM
    First Solar (FSLR -7.7%) tumbles after receiving a downgrade to Negative from Positive from Avian, which claims the junction boxes accompanying First Solar's solar module installations are suffering from reliability issues. Avian, which smartly upgraded First Solar in May, notes the warranty on First Solar's modules lasts for 20 years. Solar stocks in general are selling off (TAN -1.9%) following a critical NYT column about Chinese production. TSL -3.5%. STP -3.5%.
    | Oct. 5, 2012, 9:58 AM | 6 Comments
  • Sep. 28, 2012, 10:06 AM
    Suntech (STP +4.7%) moves higher following a report banks in the company's home town of Wuxi have extended $31.7M in in new loans. But shares are still trading at a mere $0.90 in the wake of a fraud scandal involving an affiliated investment firm. Separately, the Chinese government is taking another step to prop up its solar industry (previous), asking provinces to deliver plans for increasing solar's share of local power output.
    | Sep. 28, 2012, 10:06 AM | Comment!
  • Sep. 25, 2012, 4:07 PM
    European solar firms have filed another complaint with the EC accusing their Chinese rivals of benefiting from illegal subsidies. Germany's SolarWorld claims the subsidies amount to 20x Chinese consumption and 2x global demand. The complaint comes a day the China Development Bank renewed its pledge to support 12 local vendors, including Suntech (STP -8.9%), Trina (TSL +1.8%), and Yingli (YGE +2.4%). (previous)
    | Sep. 25, 2012, 4:07 PM | 4 Comments
  • Sep. 14, 2012, 4:09 PM
    The House has passed the No More Solyndras Act, which would curtail a DOE loan guarantee program that ignited a firestorm of controversy after a certain solar manufacturer went belly-up. The bill, passed mostly on party lines, has little chance of clearing the Democrat-controlled Senate, but it highlights the tense political climate the DOE program, which U.S. solar vendors such as First Solar (FSLR) and SunPower (SPWR) depend heavily on, operates under.
    | Sep. 14, 2012, 4:09 PM | 14 Comments
  • Sep. 14, 2012, 11:47 AM
    Solar stocks aren't getting left out of today's Bernanke-fueled move into risk assets (TAN +2.4%) - First Solar (FSLR +8.3%) is leading the way. Yesterday, the Chinese government announced solar investments will reach CNY250B ($39.5B) during its 2011-2015 5-year plan. The announcement was well-received by local manufacturers, but U.S. and E.U. regulators might be worried about the details.
    | Sep. 14, 2012, 11:47 AM | Comment!
  • Sep. 6, 2012, 10:11 AM
    Some Chinese solar names are tanking on news of the EU's anti-dumping investigation. LDK -5.3%. TSL -3.8%. STP -5.2%. JASO -12.6%. Meanwhile, U.S.-based First Solar (FSLR +2.8%) has added to its premarket gains. The Chinese government, which just sped up an anti-dumping probe aimed at U.S. polysilicon vendors, might also make a retaliatory move against European solar firms.
    | Sep. 6, 2012, 10:11 AM | 3 Comments
  • Sep. 6, 2012, 8:36 AM
    The European Commission says it will investigate whether Chinese makers of solar equipment are illegally pushing their products into Europe, but the move is widely seen as coming too late to protect a European industry that has already contracted sharply and given ground to Asian rivals. FSLR +1.1% premarket. Chinese producers to watch include TSL, YGE, STP, CSIQ.
    | Sep. 6, 2012, 8:36 AM | Comment!
  • Sep. 5, 2012, 6:29 PM
    The Chinese government will make preliminary findings on an anti-dumping complaint levied by local solar firms against U.S. polysilicon makers such as MEMC (WFR) as soon as November, 8 months ahead of a deadline. The probe, which is backed by LDK Solar (LDK) and Suntech (STP), appears to be retailiation for anti-dumping tariffs placed by the U.S. on Chinese solar modules. Tariffs or not, polysilicon vendors aren't faring well on either side of the Pacific.
    | Sep. 5, 2012, 6:29 PM | Comment!
  • Sep. 5, 2012, 7:33 AM
    Skyrocketing domestic consumption - helped along by subsidies masking the true cost - is key to Saudi Arabia maybe becoming a net importer of oil by 2030, far sooner than previously thought. The country already consumes the entirety of its gas production and is likely to imminently need new sources for that. Might this concentrate the Saudi mind on nuclear and solar energy? (previous)
    | Sep. 5, 2012, 7:33 AM | 28 Comments
  • Sep. 4, 2012, 10:18 AM
    Solar stocks are off sharply in early trading (TAN -3.7%). Concerns about Europe and China could be weighing, or it could just be that the Street continues to grow more pessimistic following last week's earnings reports (I, II). YGE -9.5%. SPWR -7.8%. LDK -7.6%. FSLR -6.4%. JASO -10%.
    | Sep. 4, 2012, 10:18 AM | 1 Comment
KWT Description
Market Vectors Solar Energy ETF (the “Fund”) seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the Market Vectors Global Solar Energy Index (the “Index”).
See more details on sponsor's website
Sector: Technology
Country: United States
Find the right ETFs for your portfolio: Visit Seeking Alpha's ETF Hub