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Canadian Solar Inc. Message Board

  • solarcrunch solarcrunch Feb 12, 2013 1:06 AM Flag

    GREAT NEWS!!! CREDIT SUISSE HAS JOINED THE CHEERLEADERS!!! CSIQ named /NANO go gets yours on SPVI with your friend Klothilde and other SOL pumpers!!!!

     

    SPWR Soars 19%, Solar Names Rally on Polysilicon Cuts
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    By Tiernan Ray

    Shares of solar energy technology makers soared today as word of tight polysilicon supply brightened an outlook for the companies, including SunPower (SPWR), up $1.51, or 19%, at $9.44, and First Solar (FSLR), up $1.96, or almost 7%, at $32.36.

    Credit Suisse‘s Satya Kumar today wrote that prices for polysilicon, a basic building block of solar panel modules, are “at a trough,” as Germany’s Wacker Chemie AG and Hemlock Semiconductor, a division of Dow Corning, lowered polysilicon production last quarter, and Hemlock forecast production to drop again this quarter.

    First Solar’s thin-film cadmium telluride modules don’t really fit with the polysilicon theme, but have obviously been caught up with the general enthusiasm for improving industry economics.

    Kumar opines a major obstacle for solar stocks has been removed, as Corning and others restructure their polysilicon production to deal with a collapse in sales:

    Corning revealed Hemlock’s financials for the first time, revealing a steep drop in 2012 poly revenue and earnings y/y to explain the need for restructuring. These tier 1 poly production cuts lend credence to our view that after years of pricing declines, now finally poly and panel pricing have bottomed for the solar industry. A flat pricing has diminished the “second derivative” negative for solar stocks. Positives for solar stocks are: (i) stable pricing leading to gradual demand recovery in new geographies; (ii) policy driven positives in China (potential for 8+GW of demand in 2012); and in the US possibility of solar qualification for MLP/REIT structures (though our checks are mixed on this); (iii) relative stability allows some companies to potentially surprise on the upside through execution (e.g., JinkoSolar ******Holding (JKS) and Canadian Solar (CSIQ) downstream EPC activities could positively surprise investors in 2Q13; SCTY & WFR could benefit from the US market).*****

    Sentiment: Strong Buy

    This topic is deleted.
 
CSIQ
39.19-0.52(-1.31%)Sep 19 4:15 PMEDT

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