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Market Vectors Solar Energy ETF (KWT)

  • Sep. 5, 2013, 1:22 PM
    • A day after JPMorgan provided a big lift to Chinese solar stocks, Deutsche is giving a boost to both Chinese and U.S. names.
    • Analyst Vishal Shah predicts U.S. solar installation growth will total 6GW-8GW in the 2013-2014 timeframe, and that the market could see "an inflection point" in 2015 ahead of a 2016 tax credit expiration.
    • He expects the adoption of new incorporation and leasing structures - a SolarCity (SCTY +4.4%) specialty - to boost growth by lowering financing costs, and views the potential arrival of residential leasing options as another major growth catalyst. In spite of ITC anti-dumping tariffs, Chinese firms are expected to gain share.
    • In addition to SolarCity, winners include First Solar (FSLR +4.9%), Canadian Solar (CSIQ +5.1%), Daqo (DQ +11.9%), Suntech (STP +14%), Trina (TSL +4%), Yingli (YGE +5.6%), SunEdison (SUNE +2.4%), and ReneSola (SOL +2.5%). ETFs are also up: TAN +3%. KWT +2.6%.
    | Sep. 5, 2013, 1:22 PM | 2 Comments
  • Jul. 16, 2013, 9:22 AM
    Do you know what's in your solar ETF? The Guggenheim Solar ETF (TAN) is up 76% YYD, outperforming the Market Vectors Solar ETF (KWT) by 2400 basis points. TAN is more concentrated than KWT - holding 26 stocks vs. 34 - meaning it's probably going to do better in the good times, but the key may be SolarCity (SCTY). The stock's nearly tripled this year and is included in TAN but absent from KWT. One wonders for how long. KWT's periodic review comes at summer's end.
    | Jul. 16, 2013, 9:22 AM | Comment!
  • Jul. 7, 2013, 2:46 AM
    The clean out in the solar-power sector continued on Friday, with Hawaii-based Hoku (HOKU) and Germany's Conergy filing for for liquidation. Hoku filed for Chapter 7 after being unable to attract the money to complete a $700M polysilicon plant following a plunge in prices for the material, which is used in solar panels, due to oversupply. Conergy was once Europe's largest solar company.
    | Jul. 7, 2013, 2:46 AM | Comment!
  • Jul. 1, 2013, 11:07 AM
    Volatile solar stocks rally (TAN +2.7%) on what's proving a good day for risk assets, as investors decide a weak Chinese manufacturing PMI print was already priced in. JKS +7.5%. SCTY +7.1%. SUNE +6.6%. YGE +4.6%. LDK +6.2%. First Solar (FSLR +4.4%) has announced this morning construction has begun for its 50MW Macho Springs New Mexico solar project, and ReneSola (SOL +6.1%) says it has restrated production at a polysilicon plant (halted in Nov.) following upgrades. ReneSola says the plant now has an annual production capacity of 10K MT, and that it expects to produce 1.8K-2K MT in Q3.
    | Jul. 1, 2013, 11:07 AM | Comment!
  • Jun. 11, 2013, 10:40 AM
    Volatile solar stocks head south (TAN -4%) after LDK Solar (LDK -8.5%) beat Q1 revenue estimates by $7.1M, but missed EPS forecasts $0.25 thanks to a -57% gross margin (-42.7% exc. a $15.1M inventory write-down), and provided somewhat disappointing revenue guidance. JKS -5.5%. TSL -4.9%. JASO -6.2%. DQ -4.8%. SPWR -4.4%. FSLR -4.9%. YGE -5.2%. GTAT -3.6%. FSLR -4.9%. LDK ended Q1 with $174M in cash, $182M in pledged bank deposits, and a whopping $2.6B in debt. (SolarCity)
    | Jun. 11, 2013, 10:40 AM | Comment!
  • Jun. 5, 2013, 11:41 AM
    Solar stocks see a bit of profit-taking after Goldman downgrades JA Solar (JASO -9.3%) and Trina (TSL -6%), and the EU officially announces Chinese module tariffs that will only total 11.8% for now, but could soar as high as 67.9% on Aug. 6 if a settlement isn't reached. Yingli (YGE -5.4%) states its tariff will rise to 37.3% on Aug. 6, which it claims is "the lowest rate" of all Chinese mobile vendors. Trina says its tariff will rise to 51.5%. LDK -5.2%. CSIQ -3.5%. JKS -3.2%. CSUN -4.1%. SOL -4.4%. FSLR -3.4%. CSIQ -3.5% in spite of its solar plant sales.
    | Jun. 5, 2013, 11:41 AM | Comment!
  • Jun. 5, 2013, 8:27 AM
    France asks for a meeting of EU member states to establish a common position in the escalating trade dispute with China on the export of Chinese solar panels. Levies are due to take effect tomorrow at an initial rate of 11.8%; EU officials will delay for two months tariffs of as much as 67.9% to allow Chinese manufacturers to negotiate a settlement. (earlier)
    | Jun. 5, 2013, 8:27 AM | Comment!
  • May 31, 2013, 4:21 PM
    Following a 270% Y/Y increase in installations in Q1, Japan is set to pass Germany in 2013 as the world's largest solar market in terms of revenue, says IHS iSuppli. The firm expects Japan, which saw huge subsidies arrive last summer, to account for 24% of industry revenue this year, up from 14% in 2012 and 9% in 2011. By contrast, European installations fell 34% Y/Y in Q1, lowering their global share to 40% from 70% a year ago. Canadian Solar (CSIQ) and JA Solar (JASO) both cited growing Japanese sales as a factor behind their Q1 beats (I, II), and SunPower (SPWR) has also been seeing Japanese sales grow.
    | May 31, 2013, 4:21 PM | 1 Comment
  • May 28, 2013, 6:41 PM
    American Electric Power (AEP), Southern Co. (SO) and other utilities that have traditionally burned coal to generate electricity are exploring entering the rooftop-solar business, WSJ reports. They're testing the waters because they're feeling a pinch: Demand for electricity is barely growing in the sluggish economy, and developers of small-scale solar systems are giving customers another option for buying power.
    | May 28, 2013, 6:41 PM | Comment!
  • May 28, 2013, 10:33 AM
    2013's giant solar stock rally continues (TAN +3.9%) as the EU faces a backlash over Chinese tariff proposals, and Canadian Solar (CSIQ +15.2%) soundly beats Q1 estimates with the help of a 470 bps Q/Q increase in gross margin to 9.7%. Though CSIQ's opex would only have fallen 3% Y/Y if not for the reversal of a $30M arbitration award, it still fell 17% Q/Q (exc. one-time events) thanks to 25% Q/Q drop in selling expenses. Also: CSIQ is guiding for module shipments to rise to 380MW-410MW in Q2 from Q1's 340MW, and (like JA Solar) is seeing surging Japanese shipments - they rose 76% Q/Q in Q1, and made up 25% of total shipments. TSL +8.4%. JKS +4.6%. YGE +6.9%. LDK +4.8%. DQ +7%. SCTY +2.5%.
    | May 28, 2013, 10:33 AM | Comment!
  • May 28, 2013, 7:15 AM
    Beijing's efforts at getting the EU to drop a plan to levy duties on Chinese solar panels are "a waste of time," says EU Trade Commissioner Karel De Gucht. "They are not going to impress me by putting pressure on member states," he said, testifying in parliament. Meanwhile, a survey of EU states say they don't support the tariff plan and Chinese solar names are moving. JASO +3.7%, YGE +6.6%, TSL +7% premarket.
    | May 28, 2013, 7:15 AM | 2 Comments
  • May 24, 2013, 12:21 PM
    Solar stocks (TAN +0.8%; KWT +1.5%) wrap up a banner week, as Chinese solar panel makers begin to shift emphasis from their overcrowded home market in favor of lucrative exports. The rally was sparked by JA Solar's better than expected shipments, but analysts call for caution: The stocks are addicted to momentum, and stock moves are often disconnected from dire market prospects most of the companies face.
    | May 24, 2013, 12:21 PM | Comment!
  • May 20, 2013, 10:45 AM
    JA Solar (JASO +34.4%) is now skying higher following its Q1 beat and full-year shipment guidance reiteration, and is providing fresh fuel for the colossal solar stock rally that started last fall (TAN +4.4%). TSL +13.3%. DQ +20%. LDK +9.9%. JKS +10.3%. SCTY +11.6%. SOL +9.4%. CSUN +8.9%. SPWR +4.9%. ASTI +9.4%. YGE +8.4%. CSIQ +6.6%. The fact 38% of JA's Q1 module shipments went to Japan (a market with higher ASPs/margins than China) is likely going over well with investors.
    | May 20, 2013, 10:45 AM | 6 Comments
  • May 15, 2013, 2:14 PM
    Solar stocks continue to surge (TAN +4.6%) following SunPower's strong analyst day guidance. A few more winners: DQ +19.8%. SCTY +4.3%. JASO +9.2%. CSUN +7.9%. YGE +6.8%. Chinese solar names could also be getting a lift from news bankrupt Suntech (STP +9.7%) has reached a new forbearance agreement with a majority of its convertible debtholders, under which the debtholders agree not to exercise their rights until June 28. Also: LDK (LDK +8%) has filed its 2012 20-F. (yesterday) (Monday)
    | May 15, 2013, 2:14 PM | 3 Comments
  • May 13, 2013, 11:27 AM
    SolarCity (SCTY +18.6%) is skyrocketing ahead of today's Q1 report - does someone know something? - and many other solar peers are also doing pretty well (TAN +4.5%). SOL +9.8%. CSIQ +11.6%. WFR +8%. LDK +9.3%. JASO +5.4%. SPWR +4.8%. FSLR +4.5%. GTAT +5.2%. JKS +7.9%. Short interests for many industry names remain sky-high: SolarCity had 16.6% of its float shorted as of April 30. SunPower was at 29.9%, First Solar 33.4%, and GT Advanced 34.8%.
    | May 13, 2013, 11:27 AM | 4 Comments
  • May 10, 2013, 12:29 PM
    Volatile/well-shorted solar stocks are ripping higher (TAN +5.4%) to close out a week in which the EU imposed long-expected tariffs on Chinese solar panel imports. TSL +10%. CSIQ +16.1%. STP +9.1%. SCTY +8.6%. SOL +8.3%. JASO +7.5%. FSLR +4.6%. JKS +9.4%. LDK +3.4%. SPWR +7.8% A Reuters column today notes the pace of module price declines is expected to slow, as weaker players are forced out and U.S./emerging markets demand gradually soaks up excess capacity.
    | May 10, 2013, 12:29 PM | 4 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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