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Market Vectors Solar Energy ETF (KWT)

  • Aug. 21, 2012, 12:24 PM
    Proving once again the Street's actual expectations for solar companies are often far worse than analyst forecasts, Trina Solar (TSL +5.2%) is now rallying after badly missing Q2 estimates, cutting its shipment guidance, and reporting a major increase in inventory. A Q2 gross margin of 8.4%, down from 17% in the year-ago period but up from Q1's 5.8% could be encouraging bulls. Solar peers are also rallying (TAN +2.6%). Some big winners: FSLR +9.1%. YGE +5.1%. SOL +6.9%. JKS +4%.
    | Aug. 21, 2012, 12:24 PM | 2 Comments
  • Aug. 20, 2012, 11:39 AM
    A handful of solar names are posting big gains this morning: FSLR +6.4%. STP +5.6%. TSL +3.8%. JKS +9.1%. SOL +5.1%. The gains come even as the Chinese government, upset over the solar anti-dumping  tariffs imposed by the U.S. in May, threatens "legal measures" against American solar manufacturers over U.S. government support for various renewable energy programs.
    | Aug. 20, 2012, 11:39 AM | 4 Comments
  • Aug. 13, 2012, 1:53 PM
    Solar stocks are weak today (TAN -2.8%), possibly due to a guidance cut from SolarWorld (SRWRF.PK): the troubled German module vendor, whose shares fell 12.2% in Frankfurt, now expects 1H sales to be down 36% Y/Y. Bucking the trend is Canadian Solar (CSIQ +1.3%), which just received a $94M loan from China Development Bank. That won't do anything to soothe U.S. and E.U. concerns about Chinese government support for local manufacturers.
    | Aug. 13, 2012, 1:53 PM | Comment!
  • Aug. 9, 2012, 2:10 PM
    Solar stocks are mostly higher after strong earnings but weak guidance from SunPower (SPWR -11.3%): FSLR +2.3%, YGE +1%, STP +3.7%, TSL +2.7%. One bright spot for SPWR was a 10%-plus drop in blended cost/watt; it now expects to achieve a cost/watt of less than $0.75 on its lowest cost solar panels by year end, a full year ahead of schedule.
    | Aug. 9, 2012, 2:10 PM | Comment!
  • Aug. 9, 2012, 8:09 AM
    Another coal-fired power plant is set to go dark, the Rochester, MN utilities board voting to retire its Silver Lake facility. Cheap natural gas and wind power is making it cheaper to buy power off the regional grid, and there's also the whole clean air thing. (see also)
    | Aug. 9, 2012, 8:09 AM | 5 Comments
  • Aug. 8, 2012, 4:24 PM
    SunPower (SPWR) is now down 14.1% AH following its Q2 report. It looks as if the Street is skeptical about full-year guidance, and is focusing on the Q2 top-line miss and soft Q3 forecast. SunPower's gross margin rose 240 bps Q/Q to 15.1% thanks to a 10% drop in cost per watt, and played a big role in the EPS beat. However, it's expected to fall to the 10%-12% range in Q3. Other solar names could end up declining tomorrow in sympathy. (PR)
    | Aug. 8, 2012, 4:24 PM | Comment!
  • Aug. 8, 2012, 11:08 AM
    Solar stocks outperform (TAN +1.4%) following MEMC's (WFR +18%) strong Q2 report. Revenue of $933.4M (+20% Y/Y and +78% Q/Q) blew past consensus by $184M, while non-GAAP EPS of $0.14 beat by $0.16. Also, MEMC is guiding for wafer revenue to grow 3%-8% Q/Q, which suggests a consensus for a 31% drop in total revenue will prove quite low. Between MEMC and First Solar, is there reason to think solar is finally bottoming? There's still a lot of bad news to go around. (PR)
    | Aug. 8, 2012, 11:08 AM | Comment!
  • Aug. 8, 2012, 10:01 AM
    Data for the construction of power generation facilities in H1 paints a stark picture of the ascendance of natural gas, with 3,708 MW gas-fired plants built, 2,367 MW of wind farms developed, and 1,608 MW of coal stations constructed. Gas provides 41.8% of U.S. electricity, coal 29.7%, nuclear 9.2%, water 8.7%, wind 4.3%, geothermal 0.3%, and solar 0.3%.
    | Aug. 8, 2012, 10:01 AM | Comment!
  • Aug. 8, 2012, 5:57 AM
    China's National Energy Administration increases its 2015 target for solar power capacity by 40% to 21 (GW) as lower costs and regulation helping to fuel growth in the sector. Stocks likely to benefit include Suntech Power (STP), LDK, ReneSola (SOL), JA Solar (JASO) and Yingli (YGE).
    | Aug. 8, 2012, 5:57 AM | Comment!
  • Aug. 7, 2012, 1:11 PM
    First Solar (FSLR +6%) jumps after the White House announces it will expedite seven solar and wind projects, including First Solar's Silver State South Nevada project. Wind turbine component maker American Superconductor (AMSC +7.6%) is also among the day's big winners. FSLR is now up 36% since it delivered a huge Q2 beat, but remains down sharply on the year.
    | Aug. 7, 2012, 1:11 PM | 6 Comments
  • Aug. 2, 2012, 11:18 AM
    First Solar (FSLR +24.5%) skyrockets after a strong Q2 report that featured improving margins and receivables. Four firms are upgrading - among them is Cantor, which is now more confident about FSLR's ability to transition to a construction-focused business model. However, Deutsche and Needham express worries about the profitability of construction deals, and ongoing weakness in sales for 3rd-party installations. 55.8% of FSLR's float was shorted as of July 13. (transcript)
    | Aug. 2, 2012, 11:18 AM | 3 Comments
  • Jul. 31, 2012, 1:03 PM
    More on the solar industry: Trina's warning and Suntech's fraud disclosure come as signs of ugly industry demand and pricing continue to pile up. The price of solar cells with a 17% conversion efficiency has fallen 6% just over the last week, to $0.42/watt. "Poor order controls" and a "sudden demand freeze" are blamed for the drop. Last week, it was reported Chinese firms are selling idle equipment in order to raise cash. Industry giant First Solar (FSLR +5.3%) is rallying ahead of tomorrow's Q2 report.
    | Jul. 31, 2012, 1:03 PM | Comment!
  • Jul. 31, 2012, 12:47 PM
    Trina Solar (TSL -9.3%) makes new lows after warning it expects Q2 module shipments of 390MW-420MW, below prior guidance of 500MW-520MW. Trina also expects to report a gross margin of just 7%-9% (still better than LDK Solar's negative margin), a $26M-$28M inventory write-down, a $45M-$48M receivables provision (many solar vendors have had collection issues), and a forex loss of $22M-$23M. Shares could also be affected by Suntech's problems.
    | Jul. 31, 2012, 12:47 PM | Comment!
  • Jul. 30, 2012, 10:12 AM
    Suntech (STP -13.4%) makes new all-time lows after stating it could be the victim of a massive fraud. Suntech was guaranteed €560 ($692M) worth of German government bonds by asset management firm GSF Capital as collateral for a €540M ($662M) investment in a fund that invested in private companies developing solar projects. However, the company now believes the bonds "may not have existed." YGE -11.2%. CSIQ -7.3%. JASO -7.2%. TSL -6.7% after warning.
    | Jul. 30, 2012, 10:12 AM | Comment!
  • Jul. 12, 2012, 6:39 PM
    Global clean energy investments totaled $59.6B in Q2, according to Bloomberg New Energy Finance - up 24% Q/Q but down 18% Y/Y. Chinese investments soared 92% Q/Q, as the government does whatever it can to support the industry, while U.S. and Euro investments respectively rose 18% and 11%. Solar investments rose 19%, and wind investments 47%. The higher solar spending hasn't yet managed to create a bottom for struggling manufacturers, though some think one will soon arrive.
    | Jul. 12, 2012, 6:39 PM | 3 Comments
  • Jul. 12, 2012, 10:56 AM
    Piper is downgrading four solar names - LDK Solar (LDK -4.4%), Trina Solar (TSL -5%), Yingli (YGE -3.2%), and JA Solar (JASO -4.5%), while upgrading two others - Canadian Solar (CSIQ +1.4%) and SunPower (SPWR +0.2%). The downgrades relate to worries about pricing and margins, though LDK's high debt load is also discussed. The CSIQ and SPWR upgrades stem from optimism about the companies' project installation and U.S. residential ops, respectively.
    | Jul. 12, 2012, 10:56 AM | 2 Comments
KWT vs. ETF Alternatives
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
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