SunPower Corporation (SPWR)
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- Goldman Turns Cautious on Solar Sector [view article]
- It's Official: Renewable Energy Tax Credits Here to Stay [view article]
- Solar Gets What They Want, But Stocks Still Suffer [view article]
- Solar Rises As Senate Adds 'Tax Extender' Legislation to Bailout Bill [view article]
- Solar Stocks Take Drubbing on Report Congess Won't Extend Investment Tax Credit [view article]
- It Could Happen - Cramer's Mad Money (9/26/08) [view article]
- SunPower's Class B Shares: Lower Valuation, Greater Voting Rights [view article]
- Spain Considers Raising Solar Installation Cap [view article]
- Russell 1000 Stocks with the Highest Short Interest as Percentage of Float [view article]
- Solar Energy: Help Is on the Way [view article]
- Has the Sun Set on Solar Energy Stocks? [view article]
- Lehman Collapse Causes Funding Difficulties for Renewable Energy Companies [view article]
loading ...Recent SPWR Articles
- Goldman Turns Cautious on Solar Sector
- It's Official: Renewable Energy Tax Credits Here to Stay
- Solar Gets What They Want, But Stocks Still Suffer
- Solar Rises As Senate Adds 'Tax Extender' Legislation to Bailout Bill
- Solar Stocks Take Drubbing on Report Congess Won't Extend Investment Tax Credit
- SunPower's Class B Shares: Lower Valuation, Greater Voting Rights
- Russell 1000 Stocks with the Highest Short Interest as Percentage of Float
- Spain Considers Raising Solar Installation Cap
- Solar Energy: Help Is on the Way
- Options Trader: Wednesday Outlook
- Full List of Articles »
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Goldman Turns Cautious on Solar Sector [view article]
I can not believe Goldman used this argument to cut its target prices ! THe "oversupply theory" has been discussed for months and the recent policies (US ITC + Spanish cap increase to 500 MW + German new tariffs) are strong arguments against this theory.The fact is that they were embarassed with the huge differences between their target prices and the current ridiculous spot valuations.
These cowards used the fisrt arguments that sounded pessimistic enough to be credible in this bearish market in order to adjust their target prices closer to spot levels... What an intellectual dishonesty !! Reply
Goldman Turns Cautious on Solar Sector [view article]
GS is rapidly getting to be in the same camp as Cramer, as far as validity of opinion is concerned. Whatever they say, doing the opposite is your best bet. ReplyGoldman Turns Cautious on Solar Sector [view article]
AVAV is one one the few that can survive in the alternative energy field. It has government contracts in addition to its wind power efforts on our nation's skyscrapers. (Back-Up! It helps). ReplyPetersen
Goldman Turns Cautious on Solar Sector [view article]
Expansion of the tax credits is great for solar because it eliminates the old $6,667 per taxpayer cap and makes utilities eligible. It is even better for the storage and power conditioning equipment manufacturers who were effectively frozen out of the old credit regime by low limits. If you want a glimpse of the next big alternative energy sector, review my SA series on energy storage. ReplyGoldman Turns Cautious on Solar Sector [view article]
Goldman manipulates the market regularly. They talk about weakening demand but the government just passed a bill that will pay 30% of every solar job for the next 8 years. They didn't mention this? How could they miss this? The U.S. has become the 800lb gorilla in world solar demand. Goldman should never be trusted. ReplyGoldman Turns Cautious on Solar Sector [view article]
How can they be bearish on solar stocks when crude is going to $250 by the end of the year? That's what they said isn't it.I think we'll see a lot more games from these guys in the future. They've got to make book and it won't happen with ibanking. Reply
ks
Goldman Turns Cautious on Solar Sector [view article]
Investment bankers? Ya, they have a lot of credibility. ReplyIt's Official: Renewable Energy Tax Credits Here to Stay [view article]
Someone forgot to tell Goldman;Solar: Goldman Turns Cautions; Fears Over Supply; Spreading Concerns On Impact Of Tight Credit
Posted by Eric Savitz
Solar stocks are trading sharply lower this morning after Goldman Sachs analyst Michael Molnar declared he has become cautious on the solar group, “as less generous subsidies combined with a wave of supply pose a real risk.”
Molnar asserts in a research note that the risk of oversupply in the solar market “will soon become a reality as considerably less generous demand subsidies take hold just as a wave of supply and tight financing hit the market.” He thinks that “liberal subsidies of the past in markets like Germany and Spain are unlikely to be replicated in the future givne fears of their ultimate cost in a bad world economy.”
As supply increases, he contends, prices will have to “adjust strongly downward to generate demand.” He thinks that trend will lead to below-consensus estimates for module manufacturers and compressed valuations for stocks in the sector.
Molnar today cut his rating on First Solar to a Conviction Sell from Buy, slashing his price target to $103 from $365. For SunPower (SPWRA) he goes to Sell from Buy, with a target of $43, down from $100. He also cuts his target on Evergreen Solar (ESLR) to $4.50 from $10.50.
He sharply reduced estimates for all three of those companies. For FSLR, he now sees $3.62 next year, and $5.92 in 2010, down from $3,75 and $7.13. For SPWRA, he sees $1.22 and $2.47, down from $1.27 and $2.63. For ESLR, he goes to $1.64 and $2.92, down from $1.72 and $2.87.
Reply
Solar Gets What They Want, But Stocks Still Suffer [view article]
The prospects of LDK and CSIQ remind me of an old FDR fireside chat adage, "We have nothing to fear but fear itself." ReplySolar Gets What They Want, But Stocks Still Suffer [view article]
The Fed plan to fund the commercial paper market should help the U.S. economy dramatically. This will augment the $700 billion dollar bailout plan nicely. I am looking for at least a short term move upward as a result. The VIX seems to have momentarily topped out in the 50's. The last time it reached this high was the 9/11 disaster. There is still the possibility of another big downside move in stocks. However, it seems likely that the markets will let the dust settle on the current rescue attempts before they decide to mve down substantially. The Fed and Treasury are making a lot of good moves. It is conceivable that they are orchestrating a market bottom. The SPY has already lost more than 1/3 of its value from its recent top to its recent low. This is already a sizeable bear market. Perhaps we still have more downside coming. Perhaps this seeming near term bottom is the long term bottom. Time will tell. I still think LDK and CSIQ are great buys at their current prices. Both have low PE's for high growth stocks (CSIQ: PE= 10.54, FPE = 3.62, PEG = .18; LDK: PE = 8.98, FPE = 5.10, PEG = .21). Both of these stocks should show substantially lowering of their PE figures in the next reporting period (November). Neither should rationally have much further downside potential in a rational market. Of course, both are owned by mutual funds and hedge funds. if people liquidate their holdings in thes funds, these great performing stocks coudl still go down short term. Still it seems likely they will rise again quickly. Their fundamentals, especially LDK's, with its substantial long term fix rate contracts, will drag them upward in the longer term. ReplySolar Gets What They Want, But Stocks Still Suffer [view article]
I should have noted that FSLR and SPWR were downgraded due to a new forecast for oversupply problems in the solar industry over the next year. The reason cited for the oversupply problems was an expected cut in subsidies. However, the U.S. has just extended its subsidies for many more years. The U.S. has begun to recognize that oil importation costs are toxic for its economy. It is now trying to lessen these negative effects for the future by supporting alternative energy. It seems likely that Japan, and Western Europe will feel the same way. Since these are the countries which are providing the big subsidies, it seems unlikely these most important subsidies will be cut substantially. However, there may still be oversupply problems due to economic issues. These problems may drag down prices. Further the increased competition from UMG solar and CIGS solar as each of these areas grows may drag down prices also. LDK seems best insulated from these effects for the near term (and the long term). CSIQ is one of the leaders in UMG polysilicone solar production. Its margins shoudl grow as a result. This will help dramatically in any price war. Both CSIQ and LDK should have considerable upside from their current prices, which are more a reflection of the current economy than the current expectations of these two companies. When these expectations come back into line, I think you can expect both of these companies' stock prices to explode upward. ReplySolar Gets What They Want, But Stocks Still Suffer [view article]
Tuesday: FSLR and SPWR were both downgraded today by GS on fears for the solar industry (I suppose due to a recessionary world economy). This tended to drag all of the solars along with them, although neither LDK or CSIQ were downgraded by GS. LDK has virtually all of its production for 2008 and 2009 already sold at fixed prices. It is also one of the leaders in UMG solar manufacturing. This should help it increase its margins. It can probably only be hurt substantially during the 2008 and 2009 time period by companies which contracted for its product going under (reneging on their contracts). While this could happen, it seems more likley that LDK will continue to do extremely well, even in the short term. CSIQ was named the Bull of the Day today by Zacks. However, it is still down due to the GS rating downgrade on FSLR and SPWR. I am looking for it to recover during the day. It should have a lot of upside potential. It is one of the leaders in UMG polysilicone manufacturing. This should give it a definite edge in margins and business generated going forward. Both of these stocks seem to be underpriced at the moment. They should both have good upside potential. ReplySolar Gets What They Want, But Stocks Still Suffer [view article]
In about 2 weeks we will have some great deals. They are already good, but going lower. ReplyIt's Official: Renewable Energy Tax Credits Here to Stay [view article]
finally the government did something ReplySolar Gets What They Want, But Stocks Still Suffer [view article]
This whole mess is the Democrats' fault. Except that this whole mess is the Republicans' fault.Now can we get back to talking about the markets? Reply