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Market Vectors Solar Energy ETF (KWT)

  • Jul. 11, 2012, 10:27 AM
    Canadian Solar (CSIQ +4.5%) says it will decide within months whether it will build a 700MW Chinese solar cell plant. CSIQ has a heavy debt load, and industry conditions makes this a less-than-ideal time for such an investment, but CSIQ is hoping the high efficiency of the cells it plans to produce will justify the outlay. Also, the Chinese government has been generous in supporting local manufacturers.
    | Jul. 11, 2012, 10:27 AM | Comment!
  • Jul. 5, 2012, 6:58 PM
    Chinese solar module firms are now reportedly willing to extend payment periods to 120-180 days, as they do whatever they can to reel in new business in the face of weak demand and (soon) U.S. tariffs. That's a good reason to keep an eye on the accounts receivable figures of Chinese solar vendors, who rallied on Tuesday after the Chinese government quadrupled its 2015 solar installation target.
    | Jul. 5, 2012, 6:58 PM | 4 Comments
  • Jul. 3, 2012, 10:22 AM
    Some solar names are rallying after the Chinese government quadruples its 2015 domestic solar installation target to 21GW - its latest effort (previous) to prop up local vendors contending with oversupply, negative gross margins, weak Euro demand, and now anti-dumping tariffs. Remaining to be seen is how much the government will "encourage" local firms to consolidate. LDK +5.9%. STP +6.8%. FSLR +4.8%. CSIQ +4.7%. JASO +3.9%.
    | Jul. 3, 2012, 10:22 AM | 1 Comment
  • Jun. 29, 2012, 12:13 PM
    After losing 75% of its value over the past year, the Market Vectors Solar ETF (KWT) will soar in price, but not value Monday morning when a 1-for-15 reverse split goes into effect. It joins the similarly deteriorated Guggenheim Solar ETF (TAN) which underwent a 1-for-10 split earlier this year.
    | Jun. 29, 2012, 12:13 PM | Comment!
  • Jun. 26, 2012, 1:54 PM
    The solar-panel industry faces three more lean years as it works work off excess production capacity, a new report from consultancy GTM Research predicts. This year's capacity of 59 GW is almost double the 30 GW expected to be sold, while 21 GW is expected to be retired by 2015 as panel prices continue to slump.
    | Jun. 26, 2012, 1:54 PM | Comment!
  • Jun. 18, 2012, 4:08 PM
    Solar stocks finish higher (TAN +2.2%) on a good day for high-beta tech names. Helping their cause is the Japanese government's unveiling of a solar subsidy program that pays solar panel owners for electricity at a rate that's 3x the one charged for conventional power. Even if domestic suppliers take a large chunk of the resulting orders, the demand boost the program stands to provide could help stabilize diving solar cell and module prices.
    | Jun. 18, 2012, 4:08 PM | 2 Comments
  • Jun. 18, 2012, 12:20 PM
    Solar power shares rise after Japan takes on the mantle of industry savior by approving a plan that could lead to at least $9.6B of new installations of solar cells. Power companies will be required to buy solar energy at Y42 per kilowatt hour ($0.53) for twenty years, or about double the tariff in Germany. FSLR +5.7%, SPWR +2.6%, STP +8.15%, DSTI +19.4%.
    | Jun. 18, 2012, 12:20 PM | 3 Comments
  • Jun. 13, 2012, 4:28 PM
    Suntech Power (STP -2.9%), which is able to limit the impact of U.S. import tariffs on Chinese solar modules thanks to its domestic ops, says it raised prices by 1%-2% as many Chinese peer dropped out of the market. The company adds it expects its U.S. production costs to fall 10%-15% between now and the end of the year. While Euro solar demand has weakened, U.S. demand has remained strong, though that hasn't done much yet to create a bottom for plunging solar module prices.
    | Jun. 13, 2012, 4:28 PM | 2 Comments
  • Jun. 13, 2012, 4:55 AM
    The U.S. market for solar panels is likely to double this year, according to a new study, spurred by falling prices and supportive government policies; 3,300 megawatts of solar panels are likely to be installed in 2012. However, new tariffs on panels imported from China could contribute to slower growth in 2013.
    | Jun. 13, 2012, 4:55 AM | Comment!
  • Jun. 6, 2012, 12:16 PM
    As investors pile into risk assets, First Solar (FSLR +7.7%) is leading a rally in solar stocks (TAN +3.4%). Shares had fallen 89% over the prior 12 months as of yesterday's close. The rally comes even as the head of a French trade association warns solar vendors hold a year's worth of inventory, raising the prospect of widespread bankruptcies and consolidation. He adds panel demand might grow 18% in 2012 to 32GW, growth that will be more than offset by price declines. (previous)
    | Jun. 6, 2012, 12:16 PM | Comment!
  • Jun. 1, 2012, 2:20 PM
    More bad news for Chinese solar firms who have just been hit with major U.S. tariffs. European banks, many of whom have troubles of their own, have reportedly started blacklisting Asian solar module vendors seeking funds from lending facilities, as have systems integrators. Weak Euro solar demand, macro troubles, and concerns about product quality are all said to be influencing the moves.
    | Jun. 1, 2012, 2:20 PM | Comment!
  • May 29, 2012, 12:26 PM
    If major Chinese solar vendors, who now have to contend with U.S. tariffs in addition to the industry's pricing and oversupply woes, continue to struggle, the Chinese government is "likely to adjust the entire supply chain," Digitimes reports. That might not go over well with governments upset over Chinese subsidies for solar vendors, but would back up reports the government favors industry consolidation. LDK Solar (LDK -12.5%), the one firm specifically named in the report, is off sharply.
    | May 29, 2012, 12:26 PM | Comment!
  • May 28, 2012, 3:32 PM
    Yingli Green Energy (YGE) is expected to post a $32.8M Q1 net loss on Wednesday, but is hardly the only solar company hurting as Europe cuts solar subsidies and the U.S. slaps tariffs on Chinese solar products. Says one analyst: "No one is expecting solars to make money this year, so the question is which company will make it through the next year or two. There has to be consolidation."
    | May 28, 2012, 3:32 PM | 1 Comment
  • May 24, 2012, 8:21 AM
    Suntech (STP) CEO Zhengrong Shi says if Europe follows the U.S. in levying punitive tariffs on Chinese solar panel imports, it could deal a "lethal" blow to the industry. Beyond words, China signals it may retaliate against the tariffs, saying U.S. government backing for six clean energy projects in China had violated WTO rules and acted as barriers to trade.
    | May 24, 2012, 8:21 AM | 1 Comment
  • 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 18, 2012, 10:52 AM | 2 Comments
  • 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?
    | May 4, 2012, 5:56 PM | 1 Comment
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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