Seeking Alpha
 

Market Vectors Solar Energy ETF (KWT)

- NYSEARCA
  • 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%.
    | Comment!
  • 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)
    | Comment!
  • 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.
    | Comment!
  • 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%.
    | 1 Comment
  • 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)
    | Comment!
  • 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.
    | Comment!
  • 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.
    | Comment!
  • 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
  • Jan. 17, 2013, 2:09 PM
    Nomura is making a bullish call on Chinese solar stocks, upgrading Canadian Solar (CSIQ +7.5%), Trina (TSL +0.9%), and JA Solar (JASO +6.4%) to Buy. All three companies have already posted huge gains since mid-December, aided by short-covering and the Chinese government's efforts to prop up local manufacturers.
    | 3 Comments
  • Jan. 9, 2013, 2:14 PM
    Solar stocks are soaring after China's announcement yesterday that it would seek to double solar installations to 10 GW, but analysts worry the stocks have moved too far too fast. While seeing the measures as positive, Nomura warns the stocks have rallied 50-100% in the last month and have "more than fully captured the upside." Today: TSL +11.3%, STP +8.4%, LDK +8.2%, YGE +7.4%.
    | 1 Comment
  • Jan. 8, 2013, 2:26 PM
    Solar stocks are rebounding from yesterday's drubbing after a Chinese government official states the country wants to add 10GW of solar capacity this year, after growing its base by 4GW in 2012 to 7GW. However, skepticism exists about the government's ability to achieve this goal, given financing challenges. Last month, the government announced it wanted to encourage solar M&A activity and reduce its support for the industry. LDK +9%. YGE +6.5%. TSL +8.3%. SPWR +7.4%. JASO +6.9%. (previous)
    | 1 Comment
  • Jan. 7, 2013, 12:36 PM
    Many solar stocks have plunged after rallying strongly last week (likely thanks to short-covering). Among the big losers: FSLR -6.7%. SPWR -9.1%. STP -13.9%. LDK -9.8%. CSUN -8%. SA's Richard Pearson offered a detailed bear argument for Trina (TSL -2.8%) today: he estimates the company has $14B in off-balance-sheet liabilities related to polysilicon purchase deals, and thinks it could become insolvent in 2013 thanks to its cash burn and $800M in near-term debt maturities. On a positive note, the French government has unveiled new solar subsidies. (Gordon Johnson)
    | 1 Comment
  • Jan. 5, 2013, 9:45 AM
    A prescient seller of solar years ago, Gordon Johnson is more bearish now than he's ever been - even with most of the stocks trading at fractions of their old values. China alone has far more panel production capacity than the world needs, and it's still adding more thanks to the government propping up these cash-flow burners. U.S. government policy is equally perverse. Top sells: FSLR, YGE, TSL, STP, ASYS.
    | 47 Comments
  • Jan. 4, 2013, 8:09 AM
    First Solar is cut to Sell at Raymond James, with analyst Pavel Molchanov calling the recent big move in the stock (and solar overall) "another solar junk rally." It's a carbon copy of last year's surge around this time, he says. "Here is how that movie ended: The index ended down 33% for the year." FSLR -3.3% premarket.
    | 4 Comments
  • Jan. 3, 2013, 11:14 AM
    Solar stocks rack up a second straight day of big gains following Berkshire's $2B-$2.5B purchase of SunPower's (SPWR +29.8%) Antelope Valley projects and Lazard's subsequent upgrade. First Solar (FSLR +6.5%) enjoys an upgrade too, but it's faint praise; S&P Capital IQ lifts FSLR to Sell from Strong Sell. TSL +16.7%, STP +10.6%, LDK +14.5%, YGE +11.3%.
    | 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
ETF Hub
Find the right ETFs for your portfolio: Seeking Alpha's new ETF Hub