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Market Vectors Solar Energy ETF (KWT)

- NYSEARCA
  • Jan. 3, 2013, 5:22 AM
    Berkshire Hathaway (BRK.A) unit MidAmerican Energy is paying $2-2.5B for two solar projects that it's buying in California from SunPower (SPWR), which is also receiving a three-year contract to build them, and a multi-year deal to operate and maintain them. SunPower closed +9.1% yesterday following news of the deal. The acquisition is Warren Buffett's third major solar PV deal in a year.
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  • May. 29, 2012, 12:26 PM
    If major Chinese solar vendors, who now have to contend with U.S. tariffs in addition to the industry's pricing and oversupply woes, continue to struggle, the Chinese government is "likely to adjust the entire supply chain," Digitimes reports. That might not go over well with governments upset over Chinese subsidies for solar vendors, but would back up reports the government favors industry consolidation. LDK Solar (LDK -12.5%), the one firm specifically named in the report, is off sharply.
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  • Apr. 16, 2012, 12:47 PM
    Canadian Solar (CSIQ +7.2%) has given back a chunk of the premarket gains it saw on a report CNOOC (CEO) is in talks to acquire the firm. Other Chinese solar names have given back most or all of their early gains: TSL -2.1%. YGE -2.9%. JASO +1.5%. HOKU +0.9%. Past remarks from the Chinese government have already led many to expect consolidation, and some fear a bit of M&A activity won't be enough to fix the solar industry's huge problems.
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  • Dec. 6, 2011, 4:03 PM
    Observers may differ on the details, but there's widespread agreement the solar industry is due for a shakeout, as weak Euro sales and weaker pricing put the survival of many names into question. The Chinese government, already under fire for the support it's given to local solar vendors, is weighing a proposal to consolidate the country's production around 1 or 2 big producers, and 8-10 medium-sized ones. (also)
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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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