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PR Newswire (Nov 22, 2013)
PR Newswire (Nov 22, 2013)
PR Newswire (Nov 15, 2013)
Daqo New Energy Corp. States Its Policy Not to Comment on Unusual Market Activity or Speculative MattersPR Newswire (Nov 14, 2013)
PR Newswire (Nov 4, 2013)
PR Newswire (Oct 31, 2013)
Daqo New Energy Corp. States Its Policy Not to Comment on Unusual Market Activity or Speculative MattersPR Newswire (Oct 17, 2013)
Daqo New Energy Corp. States Its Policy Not to Comment on Unusual Market Activity or Speculative MattersPR Newswire (Sep 25, 2013)
PR Newswire (Sep 19, 2013)
PR Newswire (Sep 11, 2013)
PR Newswire (Sep 5, 2013)
PR Newswire (Jul 23, 2013)
PR Newswire (Jun 7, 2013)
PR Newswire (May 31, 2013)
PR Newswire (Apr 23, 2013)
PR Newswire (Apr 17, 2013)
PR Newswire (Apr 1, 2013)
PR Newswire (Mar 22, 2013)
PR Newswire (Aug 13, 2012)
PR Newswire (Jul 9, 2012)
at MarketWatch.com (Jun 27, 2012)
at MarketWatch.com (May 8, 2011)
at MarketWatch.com (Oct 12, 2010)
DQ vs. ETF Alternatives
Monday, Dec 92:50 PMSolar stocks lower again; investors worried about Chinese draft proposal
Monday, Dec 92:50 PM| 11 Comments
- The Chinese government, which has a 12GW 2014 solar installation target, wants to see 8GW of installations involve distributed solar systems (such as those installed on residential and commercial buildings), and just 4GW of higher-margin utility-scale deployments.
- Credit Suisse notes investors are concerned the 12GW target won't be attainable if utility-scale installations are capped at 4GW. It thinks Yingli (YGE -5.9%), Trina (TSL -7%), and JinkoSolar (JKS -5.3%) have the most to lose if such a cap is implemented.
- Nomura is less concerned, noting most companies it has talked to believe 4GW "will be more of a guideline rather than a firm cap." The firm adds China's solar policy discussion is "fluid," and that the government remains committed to supporting solar adoption.
- Notable solar decliners (in addition to the aforementioned companies): HSOL -12.1%. SPWR -5.6%. CSUN -5.5%. JASO -3.4%. DQ -2%.
- Last Friday: Solar stocks fall in spite of market rally
Tuesday, Nov 2610:58 AMChinese solar stocks slip following JA Solar, LDK Solar's numbers
Tuesday, Nov 2610:58 AM| Comment!
- With a lot of good news having been priced in this year, several Chinese solar stocks are selling off after JA Solar and LDK Solar both provided mixed Q3 numbers and fairly good guidance (I, II). LDK (LDK -2.5%), which continues to deal with major liquidity/debt payment issues (the company just reached a new two-week debt forbearance deal with creditors), has given up its premarket gains.
- Notable decliners: STP -10.4%. YGE -3.8%. SOL -2.9%. DQ -2.7%. TSL -2%.
Monday, Nov 2512:46 PMMidday Gainers / Losesr|Monday, Nov 2512:46 PM| Comment!
Friday, Nov 226:08 AM
Tuesday, Nov 192:41 PM3D printing, solar stocks reverse course
Tuesday, Nov 192:41 PM| 32 Comments
- After steadily rising over the last three weeks, 3D printing stocks are reversing course in dramatic fashion today in the absence of major news. Solar stocks, which have also seen plenty of good days lately, are also selling off hard.
- 3D printer makers 3D Systems (DDD -6.1%), Stratasys (SSYS -7.5%), ExOne (XONE -7.7%), and Voxeljet (VJET -14.1%) are all off sharply, as is custom parts maker Proto Labs ([[PRLB -4.8% - sometimes hyped as a 3D printing play).
- Trina (TSL -4.9%), which provided a big Q3 beat and guidance hike this morning, has turned negative after shooting higher in premarket trading. Other solar decliners: YGE -10.9%. FSLR -4.6%. SOL -6.4%. JASO -6.4%. CSUN -5.6%. JKS 5.7%. DQ -5.5%. SUNE -5.5%. CSIQ -5.3%. SPWR -7.1%.
Wednesday, Nov 1312:50 PMMidday Gainers / Losers|Wednesday, Nov 1312:50 PM| 1 Comment
Thursday, Nov 72:22 PMSolarCity dives post-earnings, takes peers lower with it
Thursday, Nov 72:22 PM| 3 Comments
- With shares up over 5x YTD going into the company's Q3 report, SolarCity (SCTY -14%) investors are taking profits in the face of a Q3 beat and above-consensus guidance.
- Credit Suisse (Outperform, $75 PT) is defending SolarCity today, while praising the company's operating leverage and incremental retained value per watt (rose 35% Q/Q in Q3 to $1.9)1.
- Goldman (Neutral, $65 PT) also talks up SolarCity's value retention, as well as its declining operational costs/watt (fell to $0.59/watt from $0.80/watt in Q2). But it also cautions expectations were high, points out "no volume upside was provided" for 2013/2014 deployment targets, and that there's "limited clarity" for SolarCity's solar lease securitization efforts.
- On its CC (transcript), SolarCity mentioned it invested $200M+ in solar deployments in Q3, and financed another $86M. The company has been raising funds for its deployment efforts at a breakneck pace.
- Many solar peers are also off sharply on a rough day for tech momentum play. Thanks to good earnings news, the group rallied sharply both on Monday and last Friday. In addition to SolarCity, China Sunergy's poor guidance could also be playing a role.
- Solar decliners: FSLR -4.2%. SPWR -6.1%. SOL -5.1%. JKS -4.8%. YGE -4.7%. JASO -6.5%. DQ -10.2%. SPWR -6.1%. LDK -5.5%. SUNE -3.8%.
Monday, Nov 412:56 PMSolar stocks take off following guidance hikes
Monday, Nov 412:56 PM| 3 Comments
- Positive Q3 guidance revisions from Canadian Solar (previous) and Daqo (DQ +11.2%) are fueling another massive rally in solar stocks, some of which jumped last Friday thanks to blowout Q3 numbers from First Solar (FSLR +4.6%).
- Canadian hiked the midpoint of its Q3 module shipment guidance range by more than 10%, and the midpoint of its gross margin guidance range by 800 bps. Daqo has upped its polysilicon shipment range to 1,200-1,275 MT from a prior 1,000 MT, albeit while slightly lowering its wafer shipment guidance to 6.5-6.6 MT from prior 6.8 MT (shipping delays are blamed).
- The guidance hikes follow a string of positive Q2 reports from Chinese solar firms in August, as companies saw both their sales and margins benefit from growing local demand, diminishing overcapacity, and strong shipments to the high-margin Japanese market. Credit Suisse recently predicted improving demand could lead excess Chinese supply to evaporate by late 2014 or 2015.
- Also: Suntech (STP +13.6%) has officially reached a deal to sell its large and bankrupt Wuxi, China unit to solar cell maker Shunfeng (previous), SunPower (SPWR +10.9%) has announced it's buying module cleaning robot developer Greenbiotics, and SolarCity (SCTY +16.4%) has announced (as part of its seemingly non-stop financing binge) it's selling $54.4M in solar asset-backed notes maturing in Dec. 2026.
- Today's winners, aside from the aforementioned companies: JKS +9.8%. JASO +9.2%. RSOL +8.3%. LDK +6.5%. HSOL +5.2%. YGE +7.4%. CSUN +6%. SOL +6.9%. SUNE +3.5%. TSL +9.7%.
- Solar ETFs: KWT, TAN
Friday, Oct 254:21 PMChinese Web/solar stocks fall amid NQ Mobile accusations, Shanghai selloff
Friday, Oct 254:21 PM| 4 Comments
- Chinese Internet and solar stocks, many of which have skyrocketed this year, have closed with decent losses after the Shanghai exchange fell for the fourth day in a row amid credit crunch worries, and as NQ Mobile continued to feel the impact of Muddy Waters' fraud allegations.
- Muddy Waters' detailed accusations regarding ghost addresses, a shell company, inflated market share figures, dubious cash balances, and spyware are likely to yield fresh scrutiny of the financial statements provided by Chinese ADRs, and could also affect the reception given to upcoming IPOs (I, II). Investor concerns about the bookkeeping of U.S.-traded Chinese firms had diminished some this year.
- Chinese Internet decliners: VIPS -9.1%. AMAP -6.1%. YY -6%. QIHU -4.8%. PWRD -5.7%. CYOU -4.7%. SINA -3.8%. LONG -3.5%. YOKU -3%.
- Chinese solar decliners: YGE -12.2%. JKS -9.4%. JASO -9%. DQ -7.2%. TSL -6.8%. CSIQ -4.8%. CSUN -4.4%.
Friday, Oct 185:46 PM
Friday, Oct 182:28 PMFirst Solar surges amid Icahn rumors, peers also rallying
Friday, Oct 182:28 PM| 37 Comments
- Rumors Carl Icahn is set to disclose a stake in First Solar (FSLR +7.9%) have helped shares fly higher. Similar rumors popped up back in April.
- Several solar peers are also doing very well on what's proving a good day for momentum stocks. SPWR +4.9%. SUNE +5%. SCTY +7.5%. DQ +14.3%. CSIQ +4.8%.
- JinkoSolar (JKS +2.7%) is up more moderately after announcing a deal to develop a 120MW Chinese solar plant that will be built over the next three years. Shares jumped yesterday in response to a Credit Suisse upgrade.
- The Guggenheim Solar ETF (TAN +1.9%) is now up 152% YTD.
Friday, Oct 1110:32 AMSolar stocks follow SolarCity higher
Friday, Oct 1110:32 AM| 2 Comments
- Two days after tumbling as the government shutdown spawned a general selloff in risk assets, solar stocks are bouncing with the help of strong Q3 numbers and even stronger 2014 guidance from SolarCity. The numbers shine a light on the strong installation growth being seen in the U.S. market.
- Notable gainers: SPWR +5%. FSLR +3.3%. TSL +5.7%. YGE +3.6%. JKS +4.4%. CSIQ +3.9%. JASO +3.9%. DQ +3.4%.
Monday, Sep 3011:44 AMChinese solar stocks rally (again) following gov. tax rebate plan
Monday, Sep 3011:44 AM| Comment!
- The Chinese government, which has already set a 35GW 2015 solar installation target, is now offering local solar manufacturers a 50% value-added tax (VAT) rebate for sales taking place from Oct. 2013-Dec. 2015.
- Chinese solar plays are responding well to the news. STP +15.6%. CSUN +23.5%. LDK +13.4%. SOL +5.4%. DQ +4.5%. JASO +3.9%. TSL +4.1%. YGE +3%.
- Also: JinkoSolar (JKS +3.6%) has announced a deal to supply 20MW of modules to the State Grid Corporation (China's biggest electric utility) for a 60MW demonstration project. Deliveries will take place in Q4.
- Last week's gains: Wednesday, Thursday, Friday
Friday, Sep 275:25 PMMore gains for Chinese solar stocks as upgrades add to momentum
Friday, Sep 275:25 PM| Comment!
- Deutsche's upgrades of Yingli and Trina ended up stoking a broader rally in volatile Chinese solar names, most of whom were already having a pretty impressive week going into today.
- China Sunergy (CSUN +30.4%) was a standout, even though there was no company-specific news to fuel today's massive gains. Other winners: CSIQ +9.5%. SOL +8.8%. JKS +5.3%. JASO +4.1%. DQ +3.7%.
- Yesterday: Solar stocks rally again, India and First Solar in the news
- Wednesday: Solar stocks add to 2013 gains after tariff proposal aired
Thursday, Sep 2610:25 AMSolar stocks rally again, India and First Solar in the news
Thursday, Sep 2610:25 AM| 2 Comments
- Solar stocks are adding to yesterday's gains with the help of a market rally. Also possibly helping: the Indian government has set a 10GW 2017 solar capacity target. The move follows the Chinese government's establishment of a 35GW 2015 target.
- Winners: JKS +5.1%. SPWR +3.6%. YGE +4.8%. TSL +4%. SOL +2.1%. DQ +13.9% (previous).
- Also: First Solar (FSLR +1.1%) has announced it's buying a 250MW Nevada solar project from project developer K Road Power. The project is situated to the northeast of Las Vegas, could see construction begin in Q4, and is expected to be finished by the end of 2015.
Wednesday, Sep 251:32 PMDaqo issues statement, gives back some of yesterday's gains
Wednesday, Sep 251:32 PM| Comment!
- After soaring 61% yesterday in the absence of major news, Daqo (DQ -17.4%) is giving back a chunk of its gains today.
- This morning, the Chinese polysilicon maker issued a boilerplate PR stating it isn't company policy "to comment on unusual market activity or speculative matters."
- Yesterday: Daqo flies higher
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