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Market Vectors Solar Energy ETF (KWT)

- NYSEARCA
  • Apr. 24, 2013, 12:59 PM
    First Solar (FSLR +12.9%) and other solar stocks (TAN +3%) are sharply higher, apparently related to news the MLP Parity Act is being re-introduced today in the House and Senate - a bill that's not likely to even pass and is not a game changer. JKS +12.1%, SPWR +10.7%, STP +11.4%, LDK +9.6%.
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  • Apr. 15, 2013, 12:49 PM
    Disappointing Chinese GDP data helps fuel a rout in solar stocks (TAN -3.8%). A broader selloff in risk assets isn't helping either. Suntech (STP -21.1%) is the biggest loser, as the Buffett rumor rally officially comes to an end. JASO -11.8%. LDK -10.7%. YGE -8%. WFR -7.9%. GTAT -5.9%. SOL -8.2%. TSL -6.9%. SPWR -5.1%. JKS -8.5%. DQ -5.2%. YGE -8%.
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  • Apr. 10, 2013, 12:38 PM
    Many solar stocks are giving back some of yesterday's monumental First Solar-driven gains. A weak Q4 report from JinkoSolar (JKS -5%) is a likely factor: in addition to soundly missing estimates, Jinko reported a gross margin of just 3.8% (-200 bps Q/Q and +820 bps Y/Y), and guided for Q1 module shipments to fall to 270MW-300MW from Q4's 301.9MW. YGE -7.4%. SOL -6.2%. LSK -4.5%. CSUN -2%. LDK -4.5%. TSL -1.6%. SunPower (SPWR -2.7%) is lower in spite of receiving an upgrade to Buy from S&P.
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  • Apr. 9, 2013, 1:41 PM
    First Solar (FSLR +23.8%) guides on its analyst day for 2013 revenue of $3.8B-$4B and EPS of $4-$4.50, far above a consensus of $3.15B and $3.46. Shares have spiked higher on the news, and were shortly halted due to volatility. Other solar names are also surging: SPWR +9.8%. TSL +8.7%. DQ +12.3%. STP +36.1%. LDK +15%. JKS +15.4%. WFR +7.5%. JASO +6.6%. (previous) Update (1:56): First Solar shares are now up 48.2%, and have been halted again. CNNMoney's Paul R. La Monica notes over 1/3 of the float is shorted. "Can you say squeeze?"
    | 9 Comments
  • Apr. 8, 2013, 10:07 AM
    First Solar (FSLR +1.8%) and sales chief James Brown have "mutually agreed" Brown should no longer work for the company. The disclosure, which comes in advance of tomorrow's analyst day, doesn't seem to be bothering investors much, as First Solar joins a broader rally in solar names (TAN +1.3%) in the wake of Trina's upbeat comments about industry capacity and Chinese demand. JKS +8.2%. CSUN +8.4%. YGE +4%. SOL +4.7%. SPWR +2.4%. SCTY +1.9%. DQ +6.3%. CSIQ +2.6%. JASO +2.3%.
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  • Apr. 5, 2013, 2:30 PM
    Top German utilities EON and RWE are set to significantly pare back their alternative energy spending, actions bound to further weaken demand in a top solar market that has already been hurt by subsidy cuts. EON plans to lower its clean-energy investments to less than €1B in 2015 from €1.79B in 2012, and RWE plans to cut its annual renewable energy spending by roughly half over the next two years to €500M.
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  • Apr. 1, 2013, 2:00 PM
    Disappointing Q4 results from Daqo (DQ -9.8%), together with a general decline in risk assets, fuels a rout in solar names. YGE -7.9%. SOL -7.3%. JKS -5.4%. GTAT -4.1%. CSIQ -4.9%. SPWR -2.8%. WFR -2.5%. Daqo's Q4 revenue of $6.2M represented a 77% Y/Y drop, and was well below the $14.5M forecast by the one analyst providing estimates. Gross margin was -178.5% (no typo), a little worse than Q3's -51.1%. Polysilicon output is expected to total 720 MT in Q1, up from Q4's 592 MT.
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  • Mar. 25, 2013, 12:36 PM
    Solar stocks slump after JA Solar misses Q4 EPS estimates (while beating revenue estimates) thanks to a -4.6% gross margin, and forecasts a major Q/Q shipment drop. TSL -13.3%. YGE -11.1%. SOL -5.7%. LDK -4.1%. CSIQ -4.4%. JKS -3.1%. FSLR -2.6%. SPWR -2.8%.
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  • Mar. 21, 2013, 9:19 AM
    A Wuxi, China court has "formally accepted" an insolvency petition for Wuxi Suntech, Suntech's (STP) main Chinese manufacturing unit. An admin committee has been appointed to handle the restructuring, and Wuxi Suntech will continue making solar cells/modules in the interim. Bankruptcy proceedings haven't yet started for Suntech proper. (yesterday)
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  • Mar. 19, 2013, 12:18 PM
    The Chinese government might restructure its solar subsidies to abolish one-time subsidies in lieu of feed-in tariffs, favor smaller projects, and promote construction in areas with power shortages, says an industry official. The remarks follow media reports of pending feed-in tariff cuts, and dovetail with new Premier Li Keqiang's push to introduce a fresh round of market reforms. "The wave of solar industry consolidation that’s hit Europe and the U.S. is coming to China," says industry observer Nathanael Greene.
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  • Mar. 13, 2013, 4:02 PM
    MEMC's (WFR -13.4%) soft guidance and a report the Wuxi, China government will take control of Suntech (STP -23.6%) ignited a solar selloff (TAN -5%). LDK (LDK -12.7%), whose financial position is arguably only a little better than Suntech's, was especially hard-hit, but ReneSola (SOL -5.3%), Yingli (YGE -3.4%), Trina (TSL -3.5%), SunPower (SPWR -2.7%), and First Solar (FSLR -2%) also saw losses.
    | 5 Comments
  • Mar. 5, 2013, 1:15 PM
    A solar trade war between the EU and China looks inevitable. EU customs officials will start registering Chinese module imports tomorrow, a move that could pave the way for tariffs. The EC has until June 6 to impose provisional tariffs; EU member states have until Dec. 5 to vote on definitive tariffs. The Chinese government appears on its way to imposing tariffs on polysilicon imports from the EU, U.S., and South Korea. Suntech (STP -4.3%) is lower, but other Chinese solar names are following the market higher. YGE +5.8%. JKS +6.6%. TSL +5.6%. SOL +5.3%.
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  • Feb. 26, 2013, 5:32 PM
    A few solar stocks are adding to the losses they saw in regular trading (TAN -1.2%), thanks to First Solar's top-line miss and light Q1 guidance. Much of the selling involves U.S. names. SPWR -4.8% AH. WFR -2.9%. SCTY -2.3%. JASO -1.8%. (more on FSLR)
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  • Feb. 22, 2013, 3:14 PM
    While Pacific Crest cut its rating on First Solar (FSLR -1.7%), Deutsche Bank's Vishal Shah says FSLR in particular could benefit from apparent strong demand across a number of markets and what he sees as a better energy policy landscape. Shah cites a possible weening of solar from subsidies in 2014, and the same improvements in polysilicon pricing that boosted solar shares last week.
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  • Feb. 19, 2013, 10:19 AM
    Solar stocks are ripping higher again (TAN +4.2%), as huge short positions and hopes of an industry turnaround make for a combustible mix. SunPower (SPWR +13.5%) is having another huge day (previous); First Solar (FSLR +6.8%), LDK Solar (LDK +5.9%), Yingli (YGE +4%), SolarCity (SCTY +5.1%), and ReneSola (SOL +7.2%) are also strongly outperforming.
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  • Feb. 11, 2013, 2:50 PM
    One more reason solar stocks could be moving higher today: German polysilicon maker Wacker says it's ramping production due to strong demand, and has eliminated "short-time working schedules." The news follows a major 2H12 decline in plant utilization rates due to soft demand and high inventories, and comes in spite of worries China will soon impose tariffs on polysilicon imports. Publicly-traded manufacturers: WFR, DQ, LDK, STP, YGE. (earlier)
    | 13 Comments
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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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