The solar industry and solar companies like LDK Solar (NYSE:LDK), Trina Solar (NYSE:TSL), MEMC Electronic Materials, Inc. (NYSE:WFR), SunPower Corporation (NASDAQ:SPWRA) and Suntech Power Holdings (NYSE:STP) are under increasing pressure as the government-created market, which the vast of majority of consumers really don't care about, is struggling because of the two major markets - Germany and Italy, which have been cutting back on subsidies, leaving a large gap in the demand side of the market, which isn't being taken up by any other country at this time, although there are small increases in various countries, including America.
It is increasingly realized that solar (or wind) isn't or won't be the answer to future energy needs, as they're unreliable and expensive, and can't even come close to meeting existing needs, let alone the growing needs of countries around the world.
The best thing to do in energy across the board is to get rid of all government subsidies in every energy sector and let the market decide what it wants.
Government interference through excessive regulation and taxation also needs to be cut back on, as it's only in place in order to promote the so-called "clean energy" initiative, which isn't as clean and green as being put forth, but is a media darling and is reported as being the future of energy, when if fact anyone that knows the energy sector understands at best it'll be a small supplemental part of the energy future, and one that probably doesn't even need to be pursued.
There will probably be a consolidation in the industry even as solar companies continue to mostly operate under losses, even with the generous subsidies and government pressure on competing energy industries.
Trina Solar closed Friday at $26.84, gaining $1.15, or 4.48 percent.
Monday, May 9, 2011
Solar's (LDK) (TSL) (WFR) (SPWRA) (STP) Facing Tough Times
Subscribe to:
Post Comments (Atom)
![[Most Recent Quotes from www.kitco.com]](http://www.kitconet.com/charts/metals/gold/t24_au_en_usoz_2.gif)
13 comments:
hereafter some fact from American Banking news.
Citygroup and Wunderlich have buy, buy...ratings on WFR and many others.
Don't be fooled by wrong statements from Mr Allen.
Every Solar invester knows that he has to go long.....
Equities research analysts at Citigroup (NYSE: C) reiterated a “buy” rating on shares of MEMC Electronic Materials Inc (NYSE: WFR) in a research note to investors on Wednesday. The analysts currently have a $18.00 price target on the stock.
Separately, analysts at Wunderlich upgraded shares of MEMC Electronic Materials Inc from a “hold” rating to a “buy” rating in a research note to investors on Friday, April 29th. They now have a $16.00 price target on the stock, up previously from $12.00. Also, analysts at Zacks Investment Research reiterated a “neutral” rating on shares of MEMC Electronic Materials Inc in a research note to investors on Tuesday, April 19th. They now have a $12.00 price target on the stock.
Shares of MEMC Electronic Materials Inc opened at 11.36 on Thursday. MEMC Electronic Materials Inc has a 52 week low of $9.19 and a 52 week high of $15.04. The stock’s 50-day moving average is $12.14 and its 200-day moving average is $12.26. The company has a market cap of $2.616 billion and a price-to-earnings ratio of 75.73.
MEMC Electronic Materials Inc last announced its quarterly results on Tuesday, February 1st. The company reported $0.05 earnings per share (EPS) for the previous quarter, missing the Thomson Reuters consensus estimate of $0.31 EPS by $0.26. During the same quarter in the prior year, the company posted ($0.03) earnings per share. The company’s quarterly revenue was up 138.3% on a year-over-year basis. On average, analysts predict that MEMC Electronic Materials Inc will post $0.17 EPS next quarter.
Here some facts by (Reuters), that makes solar look bright:
May 6 (Reuters) - China has doubled its target for installed photovoltaic power capacity over the next five years to 10 gigawatt (GW) by 2015, the Shanghai Securities News said on Friday, citing an official from the research arm of the National Development and Reform Commission (NDRC).
Thanks Allen.. That's a very interesting, and obviously well researched article.. don't give up your day job.
When the costs of pollution and environmental cleanup from big oil, gas, and coal get internalized in the system, maybe we'll start talking about market demand.
Apparently, Mr. Allen is the propaganda of solar shorter. The solar market will abruptly turn around once the Chinese National Development and Reform Commission (NDRC)announces its plan of 10 G by 2015 and at least 50 G by 2020. We will see the announcement in weeks.
This is the most stupid article I have ever read, or the author is a shorter, or he´s joking or he has absolutely no knowledge on the sector
alen,is stupid
What a terrible article. Everyone knows that if we want to get a promising technology adopted government help encourages the adoption. Look at the internal combustion engine and the internet. Both had massive gov subsidies in order to walk on their two feet. I think Allen works for big oil.
Very sadly, Allen and his colleagues are being paid for diffusing lies. His perfectly knowledgeable about the LIES is telling. What a sad and pitiful person !!!
Garbage is what you wrote, You haven't bother to research the solar section at all...
No government intervention, eh? Just like Silicon Valley, aerospace...the National RR system?
Let's be real. Govt. and industry have a long, successful partnership and will definitely continue in this vein with alt energy...
in fact, it's either our govt. or the Chinese govt. Either way somebody is going to invent a killer app for energy with tax money...that's just how it has always worked.
which nit-wit wrote this ?
Post a Comment