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Market Vectors Solar Energy ETF (KWT)

  • Nov. 18, 2014, 11:36 AM
  • Nov. 11, 2014, 12:15 PM
  • Aug. 1, 2014, 12:26 PM
  • May 7, 2014, 11:45 AM
  • Mar. 5, 2014, 8:29 AM
  • Mar. 4, 2014, 1:34 PM
  • Feb. 26, 2014, 12:14 PM
  • Nov. 4, 2013, 12:56 PM
  • 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)
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  • 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%.
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  • 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.
  • 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?"
  • 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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  • Nov. 16, 2012, 10:23 AM
    The solar industry's bad earnings news won't let up. Yingli (YGE -8.3%) is the latest culprit, warning it expects to report a 17% Q/Q drop for Q3 module shipments on Nov. 28, something that doubtlessly means Yingli's prior guidance for a 31%-37% Y/Y increase in 2012 shipments won't hold. Gross margin is expected to total just 0%-1% if one doesn't include the reversal of a provision related to the ITC's anti-dumping duties, and -22% to -24% if one does. Solar stocks are selling off again (TAN -3%), capping off a brutal week. (Canadian Solar)
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  • Nov. 15, 2012, 1:55 PM
    It's still no fun to be a solar manufacturer. Canadian Solar (CSIQ -14%) is seeing huge losses following its big Q3 miss, which is contributing to yet another sector rout (TAN -3.6%). Canadian's gross margin fell to a mere 2.2%, and would likely have been negative if not for its efforts (similar to those of peers) to expand into plant construction. The company expects to ship 380MW-420MW of modules in Q4, compared with 384MW in Q3, and record a gross margin of 1%-3%. (yesterday) (transcript)
  • Aug. 8, 2012, 4:24 PM
    SunPower (SPWR) is now down 14.1% AH following its Q2 report. It looks as if the Street is skeptical about full-year guidance, and is focusing on the Q2 top-line miss and soft Q3 forecast. SunPower's gross margin rose 240 bps Q/Q to 15.1% thanks to a 10% drop in cost per watt, and played a big role in the EPS beat. However, it's expected to fall to the 10%-12% range in Q3. Other solar names could end up declining tomorrow in sympathy. (PR)
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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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