Tag Archives: quarter
The Philippines Passes Renewable Energy FiT
In a historic day for renewable energy in The Philippines, the country approved a feed-in tariff (FiT) that convers small hydro, biomass, wind, and solar. It postponed including ocean energy for further study. The government previously announced the FiT for geothermal separately, in what it calls a “geothermal crash program.” It raised the rates to provide incentives to [...]
PV book-to-bill in Q3’10 dips from previous eight-quarter high
In Q3’10 (ending September 30), the PV Book-to-Bill ratio fell after aneight-quarter high during Q2’10, to a three-month average of 1.16,according to new Solarbuzz PV Book-to-Bill analysis featured within thePV Equipment Quarterly report. In addition, growth rates for thebacklog of solar photovoltaic manufacturing equipment returned tosingle-digit percentage levels, similar to trends observed at the end [...]
Amtech announces $59 million in total orders for December quarter
Amtech Systems Inc., a global supplier of production and automationsystems and related supplies for the manufacture of solar cells,semiconductors, and silicon wafers, announced that orders booked forits fiscal 2010 first quarter ended December 31, 2009 totaledapproximately $59 million. This total includes both solar andsemiconductor orders including the large solar order from an existingcustomer announced on [...]
Canadian Solar (CSIQ) Raises 3rd Quarter, Full Year 09 Guidance
After the bell today Canadian Solar (CSIQ) raised guidance for the3rd quarter and the full year 2009 based on unaudited financial resultsand a “high level of interest at the Hamburg trade show and subsequentpurchase orders”. The company now expects 3rd quarter revenues of $210– 215 million and shipments of 101 – 103MW which compares to [...]
Good News Out Of Solarfun (SOLF)
Solarfun (SOLF) is out with a 3rd quarter update and sees Q3 moduleshipments exceeding 100MW, with sales of RMB918-RMB984 million. Grossmargin will be about 17% for the quarter. Peter Xie, President of Solarfun, commented, “The third quarter of2009 is progressing well. Our order patterns are strong as we areseeing an improvement in end market demand. [...]
China Sunergy (CSUN) Beats Estimates, Swings Back To A Profit
A surprisingly good quarter out of China Sunergy (CSUN)this morning. The company swung back to a profit in the quarter,posting .03/share excluding one time items on revenues of $70.1million. Analysts were expecting .01/share and $60.79 millionrespectively. It looks like the company is finally getting its costsunder control which it had been unable to do in [...]
Brighter Skys Ahead for Solar Industry?
LDK Solar Co., Ltd. (LDK), RenaSolar Ltd. (SOL), JA Solar Holdings Co.,Ltd. (JASO), and other solar stocks reported lower-than-expectedearnings for the second quarter amid an oversupply of polysilicon and areduction in subsidies by governments around the globe. Solar Industry Faces Challenges Thesolar industry faces several challenges as government subsidies werecut in key markets and an [...]
Suntech: Chinese Solar Market Not As Big As Predicted For 2009
TheChinese market isn’t likely to be as large in 2009 as expected despitethe series of incentives announced by the central government, said Suntech Power executives on Thursday. Suntech (NYSE: STP), a China-based solar panel maker, cut itsshipment forecast for the entire year of 2009 to 600 megawatts from the600 to 700 megawatts it had anticipated [...]
Suntech Power (STP) Reports Mixed Results
Suntech (STP) is out with earnings this morning and it’s not bad,not great. You kind of expected this company to emerge from the pack abit and post a much better quarter, but it didn’t happen. The companyreported another plunge in earnings and revenues when compared to theyear ago quarter, but saw a bit of sequential [...]