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Peabody Energy Corporation Message Board

  • telaviv767 telaviv767 Jul 15, 2013 4:45 PM Flag

    Alert! China has huge solar plans! 500% increase in installed solar capacity!!!! Red ALERT! CODE 10 RED ALERT!!!

    Solar stocks, the No. 1 IBD industry group, soared 5% intraday Monday, led by China names, as a Bloomberg News report said China plans to "increase fivefold its installed solar capacity," and as an analyst
    report cited an improving supply-demand outlook.

    Several companies considered significantly Chinese were lifted by double-digit percentages in early afternoon trading, including Canadian Solar (CSIQ), up about 15%, Trina Solar (TSL) and JA Solar (JASO), up 13%, and Yingli Green Energy (YGE), up 10%.

    Bloomberg said in its Monday article that China is looking to raise installed solar capacity to 35 gigawatts by 2015 to help support the domestic industry amid declining profits, citing a Chinese government announcement.

    First Solar (FSLR), the largest name by market cap in IBD's Energy-Solar group, rose nearly 7% by early afternoon in the stock market today. Other big names moved too, such as SunPower (SPWR), up 5%, and SunEdison (SUNE), up 9%. Installer SolarCity (SCTY) climbed nearly 4%.

    Monday is the fourth day in row that the industry group has advanced, and a Deutsche Bank analyst writes that he sees some industry demand ahead.

    "Following recent meetings at Intersolar, we continue to see positive momentum for solar stocks, particularly SUNE, ENPH — and expect near-term outperformance of Chinese solar stocks over FSLR, SPWR," Deutsche Bank analyst Vishal Shah wrote in a research note Monday.

    He said a Reuters report "suggesting EU's formal probe into Germany's renewable energy law" could serve as a headline negative for solar, but that he sees limited near-term negative impact on fundamentals — "more likely a near-term demand rush if there are fears of potential policy changes in Germany from 2014."

    A look into the solar supply chain suggests that the demand outlook is improving in several big solar markets, according to Shah. But he says the already tight supply situation is getting tighter, tied to an emerging credit crisis in China.

    "Since demand from several sustainable markets could likely improve further in 2H13/2014, we expect at the very least stable pricing and improving margins for several module suppliers," Shah wrote in his Monday note.

    Read More At Investor's Business Daily:,yahoo#ixzz2Z9JIzUKy
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