Tuesday, May 21, 12:43 PM
Another driver for the run in U.S. solar stocks today is a big move in Chinese solar stocks overnight, particularly Hareon Solar Technology, which jumped to its 10% daily limit on speculation that the U.S. and China are seeking to resolve a dispute over trade in solar-energy equipment that could lead to soaring tariffs: JA Solar (JASO +5%), China Sunergy (CSUN +5.2%), Ascent Solar (ASTI +32%), Spire (SPIR +9.6%), Trina Solar (TSL +10.3%), Hanwha Solarone (HSOL +11.5%), Suntech Power (STP +20.5%), ReneSola (SOL +8.1%), LDK Solar (LDK +10.3%).
2 Comments[Global & FX, On the Move, Tech, U.S. Economy]
Thursday, December 27, 2012, 2:23 PM
Hanwha SolarOne (HSOL +6%) trades up after saying it's reached an agreement with the Bank of Beijing for access to up to approximately $475M worth of credit over the next 12-months. Drawdown of specific amount is subject to approval procedures of the Bank of Beijing, including review of specific project information, as applicable.
Comment![Global & FX, On the Move]
Tuesday, September 11, 2012, 6:09 AMHanwha SolarOne (HSOL): Q2 EPS of -$0.50 misses by $0.19. Revenue of $168.7M (-40.4% Y/Y) misses by $5M. (PR)
Comment![Earnings, Tech]
Friday, June 8, 2012, 3:52 PM
Bloomberg sees a ray of hope for Chinese solar stocks, expecting China to dominate solar panel sales growth in 2012 with rising demand in China offsetting declines in Europe. China's five largest solar panel makers - STP -5.8%, YGE +1.5%, TSL +3.4%, CSIQ -1.8%, HSOL -1% - are projected to hike 2012 shipments by 27%-37% Y/Y.
Comment![Tech, Energy, Global & FX, On the Move]
Monday, April 30, 2012, 7:56 PM
The disastrous coal-driven electricity system in India may give a reprieve to the battered solar industry in the near future. The power sector problems there have become so acute due to mismanagement that it's starting to impede growth. As fossil-fuel grid power reaches near-parity with solar in the region, solar manufacturers see an opportunity - a country with plenty of sun and flat idle land that is starved for energy.
9 Comments[Global & FX, Energy]
Wednesday, August 24, 2011, 2:19 PM
Chinese solar-products maker Hanwha SolarOne (HSOL -4.6%) takes a hit today after its Q2 missed estimates. Revenue swung to a loss as margins were impacted by much higher than anticipated operating expenses. The company also warns that H2 shipments will be at the lower end of guidance.
Comment![Tech, Global & FX, On the Move]