How China Will Speed Up Solar Exports
Quelle: www.fool.com/investing/general/2010/08/03/...ed-up-solar-exports.aspx
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How China Will Speed Up Solar Exports
Quelle: www.fool.com/investing/general/2010/08/03/...ed-up-solar-exports.aspx
Oil refiner Bangchak has joined with China's Suntech Power (STP.N) to build its first solar power plant at an investment cost of about 5 billion baht ($156 million) in the central province of Ayutthaya.
The 38 MW power plant is expected to start operations in October 2011, it said.
Quelle: finance.yahoo.com/news/Suntech-to-Energize-Southeast-prnews-652550786.html
BANGKOK and WUXI, China, Aug. 5 /PRNewswire-Asia/ -- Suntech Power Holdings Co., Ltd. (NYSE:STP - News), the world's leading producer of crystalline silicon solar panels, has been selected to supply 34.5MW of solar panels for the first phase of the largest solar power plant in Thailand and Southeast Asia. Owned and operated by Bangchak Petroleum Public Co., Ltd., and integrated by Solartron Public Co., Ltd., the planned 44MW (38MW AC output capacity) solar power plant will be located just outside of Bangkok and generate decades of renewable energy for the booming metropolis and surrounding areas.
The landmark project was announced today at a ground-breaking ceremony presided over by Dr. Wunrattana Chanukul, the Thailand Minister of Energy. Upon completion in late 2011, the solar power plant will represent a major milestone in Thailand's ambitious goal to source 20% of its energy consumption from renewable sources by 2022.
''Renewable energy technologies are an integral component of Bangchak's long-term development strategy,'' said Dr. Anusorn Sangnimnuan, CEO of Bangchak Petroleum Public Co., Ltd., at the launch event. ''We look forward to building our partnership with Suntech to develop more utility-scale solar projects in Southeast Asia.''
Suntech Power Holdings (STP) said revenue for the second quarter would come to $620 million to $630 million, higher than the $588 million pulled in in the first quarter and slightly higher than analysts' expectations. Gross revenue will come in at 17.5 percent to 18.5 percent.
The big news, however, is that Suntech expects a loss of $147 million to $179 million. The loss comes due to charges paid to wind down two side experiments: amorphous silicon panels and investment in wafer maker Shunda. Closing down the amorphous project will result in $50 million to $55 million in charges while Suntech will pay $106 million to $126 million to Shunda.
Suntech has experimented with thin film for a while -- and the results haven't been pretty. A big part of the reason has been the decline in crystalline silicon solar panels. Why make less efficient thin films when crystalline panels sell for $1.85 a watt?
Suntech has had three thin film experiments underway. It bought an Applied Materials (AMAT) SunFab system for making amorphous silicon panels. SunFab, however, resulted in high priced amorphous panels that weren't as efficient or cheap as panels made by competing equipment. Several Applied customers had already been experiencing problems when Applied decided to exit thin film itself.
Late last year, Suntech also quietly bought a controlling interest in CSG Solar, which makes crystalline silicon-on-glass modules. In March, Suntech chief marketing officer Steve Chan told us that CSG was being retooled.
"[CSG] had made product and shipped it commercially, but it is no longer produced because the ASPs [average selling prices] have fallen so low," he said. "They are retooling the product to make it more cost-effective."
Quelle: seekingalpha.com/article/219439-suntech-why-abandon-thin-film
Quelle:seekingalpha.com/article/220444-midterm-trade-suntech-power-holdings-heading-into-earnings
So, if we could find an undervalued solar company that is set to report earnings early next week, I think it would be of interest to us.
Therefore, we should take a look at Suntech Power Holdings (STP). While I would love the Stone Temple Pilots to be what we were investing in, solar may be even more exciting. Suntech is reporting earnings on Wednesday morning, and it may be the most undervalued solar company currently with a P/E at 15.5 while industry is near 17. The company has dropped almost 20% in the past month, and it has tons of upside moving into earnings.
First off, the company is poised to make great growth year-over-year with an EPS 33% higher at 0.09 vs. 0.06 from one year ago. Additionally, the company is set to improve revenue from $315 million to near $600 million. The company, itself, has already stated it will be this figure and bring in $620 - $630 million. Such an improvement in revenue surely should mean more in way of EPS. The company has announced some one-time charges, but we are not looking at this as an Overnight Trade and thinking it will move before earnings.
With the information out there, I think a run up into earnings is definitely a possibility. A company improving revenue by nearly 100%, and nearly all of its peers reporting EPS that are well above estimates. Combine that with a company that has been sold off heavily and started today touching its lower bollinger and you have quite a possibility. The company released last week some information about losses and charges that hurt the stock this week, but I am guessing that the company will make a strong recovery out of that news. Additionally, the market loves to rally on Mondays. It may be a great chance to make a quick turnaround on STP. The stock fell over 10% on the news, and if it makes up 1/2 of that, I would be ecstatic.
Technically, as I mentioned, the stock is sitting on its lower bollinger band. Further, the company is extremely oversold and undervalued. It really does not have a lot of potential to decline much more. So, we are safe there. At worst, I would expect us to get really nothing out of it….break even or a small loss. At worst that is. At best, this one could take a run to finish the day and continue that into Monday and Tuesday. We will need a little help from the market, but after this week, a day or two of buying may be in order.
Entry: We are looking to get involved at 8.85 - 8.95.
Exit: We are looking to exit on a 4-6% gain.
Stop Loss: 5% on bottom.
Obwohl suntech mal wieder keinen boden zufinden scheint, ist das bild der analysten positiv. es gab mehrere upgrades, eins davon von der dt. bank. siehe hier:
Raymond James solar analyst Pavel Molchanov this morning cut his ratings on both Energy Conversion Devices (ENER) and First Solar (FSLR), while upgrading Suntech (STP). Meanwhile, Deutsche Bank analyst Eric Cheng also upgraded STP, while Brigantine Advisors analyst Ramesh Misra picked up coverage of FSLR, STP and SunPower (SPWRA).
“If you owned the best-performing U.S.-traded solar stock year-to-date Renesola (SOL), you’d be up 181%,” Molchanov notes in a research report. “If you had the worst-performingone … well, there are many candidates to choose from, and we try to be diplomatic, so let’s just point out that it would be a loss in excess of 40%. Quite simply, solar has been a stockpicker’s space in 2010, and we believe this will hold true in 2011 as well.”
...
STP: Raymond James analyst Molchanov raised his rating on Suntech to Market Perform from Underperform. “While we continue to be concerned about the company’s margin structure and balance sheet, the risk/reward has improved sufficiently for us to take a more neutral stance,” he writes.
STP 2: Deutsche Bank’s Cheng raised his rating to Buy from Hold, asserting that “the stock now offers an attractive risk-adjusted reward return after a year of share under-performance and expect the company to secure new wafer capacity in the near term.”
Australien legt ein Solarförderprogramm mit einem Budget von $1.5 Mrd auf.
Suntech hat hier im Rahmen der Ausschreibung mit Partnerunternehmen Infigen Projekte vorgeschlagen, die wiederum einen Wert von $792 Mio. haben. Entschieden wird voraussichtlich Anfang 2011. Suntech hat also doch noch paar Sachen in petto.
Quelle: www.bloomberg.com/news/2010-11-05/...-projects.html?cmpid=yhoo
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