Yesterday I already mentioned more upcoming subsidies and if you read the transcript of the earnings call in Seeking Alpha you can see the CEO confirmed that the Chinese Government:
a) has agreed to keep the preferential prices paid for wind energy
b) will continue with the fiscal policies and subsidies for the wind power industry
the CEO also mentioned that NEA has also drafted some opinions about the healthy development of the wind power industry which have been put to the state council for approval.
As per Chinese news sources approval is now expected any moment and consequently more projects are expected to be executed soon with better margins for the wind power industry.
Buy MY now with a deep discount ....
The company is aware of new supplementary subsidies for wind energy that the Chinese government will reveal in December. That's why some projects are on hold.
Perfect buying opportunity today.
Very good synoptic! The CC was very encouraging and as Kam Mofid explained, we are only at the beginning of the solar energy revolution. Residential solar in the US is only getting momentum now and has a long way to go.
Who the hell is going to take this serious?
Which company would decide to go ahead with a 350MW capacity expansion without having a very very positive outlook for the next year???
You can tell what you want about "Soft guidance".....this is just bullsheeet
America’s second-largest solar manufacturer, SunPower Corp, has reported a second quarter profit that soared past expectations, raised its earnings outlook and announced plans to invest in a major new factory, a move the company said signaled a turning point for the global solar market. The California-based (but majority French-owned, through energy giant Total) company reported on Wednesday a Q2 net income of $108.4 million, or 73 cents a share, compared with a net loss of $48.5 million, or 41 cents, a year earlier. Bloomberg reports it was expected to earn 14 cents a share, according to the average of four of its analyst estimates. Revenue climbed 1.3% to $657.1 million.
SunPower’s quarterly profit – it’s first in two years – has coincided with increased demand in key markets, says Bloomberg, including the US and Japan. The company plans to expand manufacturing capacity by more than 25 per cent. Reuters reports that Wall Street initially cheered the results, sending SunPower shares up in after-market trading, but the stock later reversed course to trade down 3 per cent at $US30.90. SunPower’s stock is up 466 per cent so far this year.
Solar stocks overall have rallied recently, a market shift that has been attributed to greater visibility into future growth and potential earnings improvement. “The sector is easily outperforming the broader market in 2013,” says MarketWatch, “albeit shares still are trading far under their peak levels as falling prices and global oversupply have pressured the industry.”
SunPower appears to share this newly optimistic outlook, with the chief executive Tom Werner telling an interviewer the company sees “a very positive market across all geographies.” Currently, SunPower is building several major solar power plants in California, while also benefitting from strong demand in the US residential market. It is also gaining business in Japanese market, and has plans to build a 350MW solar cell factory in the Phillipins
Yes, take the opportunity to buy some more after the shorts did their work. But don't wait to long because once upgrades are out....
The Colorado city of Fort Collins is quadrupling its solar capacity with a new power purchase pilot program that will add 5 MW of PV systems to meet 25% of its renewable energy goal for 2015.
Real Goods Solar will get a good share of that!
To be completed soon
Just google "Trees planted, solar panels ready to soak up the sun
All of 14,000 solar panels have been installed on the site off North Avenue, and despite RGS’s past request to work on Sundays to get the work done, Myrto said they didn’t have to work any.
“All in all we’re in pretty good shape,” Myrto said, projecting that the project would be substantially completed by November and finished by January.
This is a nice size of project that should deliver revenue and profits in Q3, Q4 and Q1 2014
Just go to Lennar's website and on the top right fill in "solar" in the search...
Then in the Q2 report you can read: Began designing, procuring, and installing the first solar systems as part of the company’s relationship with Lennar
Corporation, one of the nation's largest homebuilders, through Lennar’s newly created subsidiary, SunStreet Energy Group.
The company continues to deploy solar and provide solar services in select new home communities in California.
Next you go to the SunStreet Energy Group's website and click "about us" where you'll find confirmation of the cooperation with Real Goods Solar
Still have doubts???
Another great news for RSOL today:
Californian Governor Jerry Brown has signed a key piece of legislation that will provide residential solar users with added certainty.
AB 327 bolsters the state’s net metering laws by removing a planned suspension at the end of next year and opening the door to an end to the cap on the system.
Net metering allows solar users to export excess energy to the grid and wind back their meter. There are concerns that the system means those who do not benefit from having solar installed, are left to foot the bill for the transmission and distribution network.
"I expect the Commission to ensure that customers who took service under net metering prior to reaching the statutory net metering cap on or before July 1, 2017, are protected under those rules for the expected life of their systems,” said Governor Brown.
More than one-third of US solar installations have been in California in 2013 so far and added certainty around net metering will boost the residential sector.
A recent report by the California Public Utilities Commission (CPUC) claimed that consumers that do not have rooftop solar panels will pay an additional US$287 million for the upkeep of the grid every year by 2020.
The Vote Solar advocacy group said the report was biased as it counted the cost of self-consumed solar power as a grid cost, even though the grid would not come into play.
The new legislation also removes the 33% ceiling on the state’s Renewable Portfolio Standard.
Solarize Northampton Extended Through October 31! (Just Google this)
The article shows that 92 orders were obtained at the time of the article for a cumulative install of 600 kW
Overwhelming participation in the Solarize Northampton program means dozens of Northampton homeowners are reducing their bills with clean solar power. The program has been successful in reaching the lowest pricing tier of $3.44 per Watt, so let’s keep going!
This exceptional price is available to all Northampton homeowners who sign a contract for solar through the program by October 31, 2013. Discover the empowering feeling of using renewable energy at home, spending less on utility bills, and moving toward a sustainable energy future. Northampton is going solar – don’t get left behind.
This must have been a pre-arranged deal with 1 sole buyer who clearly believes in the future potential of RSOL.
Price negotiation might have taken place at the time that RSOL traded below $2.00 and GAIAM might have needed the money urgently to expand other venture activities such as Gaiam TV
Anyway, my thought is the less shares for Gaiam the better!
Another very good news for RSOL! Just google the topic.
Just when it seemed like the outlook for renewables in California couldn’t get any brighter, the state legislature has passed a bill that will open up access to the 75% of its residents unable to install clean energy on their property.
SB 43, also known as the “shared renewables” bill, passed the State Assembly and Senate yesterday, and now heads to Governor Jerry Brown for signature into law.
The bill immediately creates the largest shared renewables program in the US and could supercharge California’s clean energy economy – all without any state subsidies or extra costs to non-participating residents.
The full article can be found in "cleantechnica"