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Market Vectors Solar Energy ETF (KWT)

  • May 18, 2012, 10:52 AM
    A day after American and Chinese solar stocks went in opposite directions thanks to the U.S. government's imposition of anti-dumping duties on Chinese solar imports, the entire group is trading lower (TAN -2.1%), perhaps due to investors focusing on the huge oversupply and pricing issues facing industry players regardless of location. Among the big losers: FSLR -3.5%. STP -3.8%. SPWR -5.2%. YGE -6.4%.
  • May 4, 2012, 5:56 PM
    First Solar (FSLR -6.3%, previous) isn't the only solar industry player idling capacity. Digitimes reports 90% of Chinese polysilicon vendors have suspended operations, and "a large fraction" of local solar firms shut down production in Q1 in the face of utilization rates that were often below 50%. This sure looks like the shakeout many have been predicting. Is it just in its early stages, or is a bottom being created?
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  • May 1, 2012, 10:41 AM
    More on Citi's upgrade of SunPower (SPWR +11.4%) and Yingli (YGE +9.3%): Analyst Timothy Arcuri says checks indicate sell-through for solar panels "has increased significantly in the past 1-2 weeks," particularly in struggling Europe, and utilization rates have also risen. He sees this as a sign of a "cyclical bottom in margins," and predicts demand will exceed supply later this year. In late August, Arcuri smartly called a bottom for the chip equipment industry. (also)
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  • Apr. 30, 2012, 3:54 PM
    In proof of how low solar industry expectations have become, LDK Solar (LDK +9.8%) is now up sharply after delivering a brutal Q4 report (I, II) and even worse Q1 guidance. Likely helping is LDK's disclosure it has cut 22% of its staff this year. In addition, LDK's guidance for 2012 revenue of $2B-$2.7B is largely above a $2.04B consensus, though many are doubtlessly skeptical it can hit that range.
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  • Apr. 25, 2012, 10:37 AM
    Q2 solar demand has been better than expected, Digitimes reports, with Taiwanese cell vendors reporting stable pricing and a pickup in orders from European customers. However, much of the Euro demand stems from installations being made ahead of Italian subsidy cuts, and pricing has stabilized partly because the losses being posted by solar firms leave little room for additional cuts.
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  • Apr. 17, 2012, 12:31 PM
    MEMC Electronics Materials (WFR +10.9%) rides the coattails of sector rival First Solar higher after FSLR decides to dramatically restructure itself. The company - which makes polysilicon wafers and builds solar plants - has outperformed the Market Vectors Solar ETF (KWT) by nearly a full percentage point YTD amid the solar stock shakeout.
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  • Apr. 16, 2012, 12:47 PM
    Canadian Solar (CSIQ +7.2%) has given back a chunk of the premarket gains it saw on a report CNOOC (CEO) is in talks to acquire the firm. Other Chinese solar names have given back most or all of their early gains: TSL -2.1%. YGE -2.9%. JASO +1.5%. HOKU +0.9%. Past remarks from the Chinese government have already led many to expect consolidation, and some fear a bit of M&A activity won't be enough to fix the solar industry's huge problems.
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  • Apr. 11, 2012, 1:57 PM
    Possibly contributing to today's rally in solar stocks (KWT +4.8%) is news of a draft decree from the Italian government that seeks to merely cap solar subsidy increases at €500M/year. This subsidy "cut" is milder than many feared, particularly after the German government announced major solar feed-in tariff reductions.
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  • Apr. 11, 2012, 10:11 AM
    Solar stocks (KWT +4.3%) rally on frenzied momentum buying with Trina Solar (TSL +6.1%), Suntech Power (STP +9.1%), and First Solar (FSLR +9.6%) leading the charge after reports tip off that DoE funds appear to be flowing into the sector. Was SA author Shareholders Unite correct in calling out a multi-year bottom yesterday with its belief that demand is set to improve?
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  • Apr. 9, 2012, 1:04 PM
    A silver lining to the solar crisis is that the fall in panel prices should enable the sector to compete without government subsidies, writes Liam Denning in the WSJ. However, it won't necessarily be the pioneers that benefit, but companies such as GE with the "scale to compete on price and absorb the inevitable cyclical losses."
  • Apr. 4, 2012, 10:58 AM
    The world's largest solar power project, the 1,000-megawatt Blythe Solar Power Project in southern California, could be in jeopardy after Solar Trust of America filed for bankruptcy protection. Solar Trust holds the development rights for the project, which has a $2.1B government loan guarantee.
  • Apr. 2, 2012, 10:42 AM
    Germany's Q-Cells (QCLSY.PK), which used to be the world's biggest manufacturer of solar cells, will file for insolvency after a court ruling prevented it from carrying out a plan to swap debt for equity. Q-Cells is the latest victim of the crisis in the industry, and joins peers such as Solon, Solar Millennium and Solarhybrid in going out of business.
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  • Mar. 27, 2012, 2:46 PM
    Now-infamous Solyndra tries to defend itself by filing a 204-page report that argues the DoE was provided with all the information it needed, and the industry woes that drove it to bankruptcy were unanticipated. But Dan Primack thinks the report misses the point: the fact Solyndra provided good information doesn't necessarily mean it didn't engage in "backroom arm-twisting to secure DoE loans."
  • Mar. 22, 2012, 1:15 PM
    Ontario says it will reduce the rates it pays for new projects for solar power by more than 20% and wind power by close to 15% amid falling prices for equipment. The province will keep rates for clean energy projects utilizing water, biogas, biomass and landfill gas at current prices.
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  • Mar. 20, 2012, 2:38 PM
    The solar industry's brutal price war may leave well-financed conglomerates such as GE, Samsung (SSNLF.PK), and 3M (MMM) as the dominant players, speculates Bernstein. Technology improvements and increasing scale have only served to  hurt the ability of manufacturers to differentiate themselves, and that opens the door for the conglomerates to dominate if they choose to ramp their investments. (earlier)
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  • Mar. 16, 2012, 10:58 AM
    Fossil fuels can't possibly account for the world's energy demands - forecast to grow 5X by 2050 - according to Matthew Frankel as he tells investors not to give up on the solar industry. While he calls out First Solar (FSLR +4.1%) as his favorite name in the sector for its propensity to break its own records for PV panel efficiency, he also notes that a better way to bet on solar is by using the Guggenheim Solar ETF (TAN) or Market Vectors Solar Energy Index ETF (KWT).
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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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