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Market Vectors Solar Energy ETF (KWT)

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  • Sep. 25, 2012, 4:07 PM
    European solar firms have filed another complaint with the EC accusing their Chinese rivals of benefiting from illegal subsidies. Germany's SolarWorld claims the subsidies amount to 20x Chinese consumption and 2x global demand. The complaint comes a day the China Development Bank renewed its pledge to support 12 local vendors, including Suntech (STP -8.9%), Trina (TSL +1.8%), and Yingli (YGE +2.4%). (previous)
    | 4 Comments
  • Sep. 14, 2012, 4:09 PM
    The House has passed the No More Solyndras Act, which would curtail a DOE loan guarantee program that ignited a firestorm of controversy after a certain solar manufacturer went belly-up. The bill, passed mostly on party lines, has little chance of clearing the Democrat-controlled Senate, but it highlights the tense political climate the DOE program, which U.S. solar vendors such as First Solar (FSLR) and SunPower (SPWR) depend heavily on, operates under.
    | 14 Comments
  • Sep. 14, 2012, 11:47 AM
    Solar stocks aren't getting left out of today's Bernanke-fueled move into risk assets (TAN +2.4%) - First Solar (FSLR +8.3%) is leading the way. Yesterday, the Chinese government announced solar investments will reach CNY250B ($39.5B) during its 2011-2015 5-year plan. The announcement was well-received by local manufacturers, but U.S. and E.U. regulators might be worried about the details.
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  • Sep. 6, 2012, 10:11 AM
    Some Chinese solar names are tanking on news of the EU's anti-dumping investigation. LDK -5.3%. TSL -3.8%. STP -5.2%. JASO -12.6%. Meanwhile, U.S.-based First Solar (FSLR +2.8%) has added to its premarket gains. The Chinese government, which just sped up an anti-dumping probe aimed at U.S. polysilicon vendors, might also make a retaliatory move against European solar firms.
    | 3 Comments
  • Sep. 6, 2012, 8:36 AM
    The European Commission says it will investigate whether Chinese makers of solar equipment are illegally pushing their products into Europe, but the move is widely seen as coming too late to protect a European industry that has already contracted sharply and given ground to Asian rivals. FSLR +1.1% premarket. Chinese producers to watch include TSL, YGE, STP, CSIQ.
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  • Sep. 5, 2012, 6:29 PM
    The Chinese government will make preliminary findings on an anti-dumping complaint levied by local solar firms against U.S. polysilicon makers such as MEMC (WFR) as soon as November, 8 months ahead of a deadline. The probe, which is backed by LDK Solar (LDK) and Suntech (STP), appears to be retailiation for anti-dumping tariffs placed by the U.S. on Chinese solar modules. Tariffs or not, polysilicon vendors aren't faring well on either side of the Pacific.
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  • Sep. 5, 2012, 7:33 AM
    Skyrocketing domestic consumption - helped along by subsidies masking the true cost - is key to Saudi Arabia maybe becoming a net importer of oil by 2030, far sooner than previously thought. The country already consumes the entirety of its gas production and is likely to imminently need new sources for that. Might this concentrate the Saudi mind on nuclear and solar energy? (previous)
    | 28 Comments
  • Sep. 4, 2012, 10:18 AM
    Solar stocks are off sharply in early trading (TAN -3.7%). Concerns about Europe and China could be weighing, or it could just be that the Street continues to grow more pessimistic following last week's earnings reports (I, II). YGE -9.5%. SPWR -7.8%. LDK -7.6%. FSLR -6.4%. JASO -10%.
    | 1 Comment
  • Aug. 30, 2012, 4:00 PM
    The entire solar sector is taking a beating from First Solar's (FSLR -18.6%) woes and a string of weak earnings reports from China Sunergy (CSUN -7.5%), JA Solar (JASO -1%) and Yingli Green (YGE -10.8%). ThinkEquity cuts YGE to Sell based on “persistent losses," setting a price target of $1; Maxim warns of a "mounting” cash drain and net debt that “has reached dangerous heights."
    | 12 Comments
  • Aug. 30, 2012, 10:28 AM
    Angela Merkel says she wants to see talks between the EC and Chinese authorities to prevent the implementing of solar anti-dumping tariffs similar to the ones imposed in the U.S. The EU's need for Chinese imports and debt purchases could lead it to take a softer line than the U.S., something that would go over well with struggling Chinese solar module vendors who have delivered one awful earnings report after another.
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  • Aug. 26, 2012, 4:12 AM
    U.S. companies are having to cope with an estimated tax bill of $100M following the Commerce Department's imposition in May of provisional antidumping duties of 31%-250% on Chinese-made solar panels and making the tariffs retroactive by 90 days. The companies are pinning their hopes on the department or ITC overturning the retroactive element of the taxes.
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  • Aug. 24, 2012, 11:31 AM
    The reported takeover of insolvent German solar player Q-Cells by South Korea's Hanwha Chemical could spark more mergers in the sector, 24/7's Jon Ogg writes: "The only way these companies can ultimately make it is to band together to fend off Chinese solar dumping and margin pressures as government subsidies are ending."
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  • Aug. 22, 2012, 1:03 PM
    In addition to upgrading Canadian Solar, Lazard is downgrading rival Trina Solar (TSL -2.5%) , citing a lack of near-term earnings catalysts. Trina missed Q2 estimates yesterday and lowered its full-year guidance, though shares rallied in response. Shares of solar names continue to swing wildly as bulls and bears place wagers on how long the current environment of industry oversupply, poor European demand, crumbling prices, and weak margins will last.
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  • Aug. 21, 2012, 12:24 PM
    Proving once again the Street's actual expectations for solar companies are often far worse than analyst forecasts, Trina Solar (TSL +5.2%) is now rallying after badly missing Q2 estimates, cutting its shipment guidance, and reporting a major increase in inventory. A Q2 gross margin of 8.4%, down from 17% in the year-ago period but up from Q1's 5.8% could be encouraging bulls. Solar peers are also rallying (TAN +2.6%). Some big winners: FSLR +9.1%. YGE +5.1%. SOL +6.9%. JKS +4%.
    | 2 Comments
  • Aug. 20, 2012, 11:39 AM
    A handful of solar names are posting big gains this morning: FSLR +6.4%. STP +5.6%. TSL +3.8%. JKS +9.1%. SOL +5.1%. The gains come even as the Chinese government, upset over the solar anti-dumping  tariffs imposed by the U.S. in May, threatens "legal measures" against American solar manufacturers over U.S. government support for various renewable energy programs.
    | 4 Comments
  • Aug. 13, 2012, 1:53 PM
    Solar stocks are weak today (TAN -2.8%), possibly due to a guidance cut from SolarWorld (SRWRF.PK): the troubled German module vendor, whose shares fell 12.2% in Frankfurt, now expects 1H sales to be down 36% Y/Y. Bucking the trend is Canadian Solar (CSIQ +1.3%), which just received a $94M loan from China Development Bank. That won't do anything to soothe U.S. and E.U. concerns about Chinese government support for local manufacturers.
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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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