Evergreen Solar Panels Used in 250 Kilowatt Installation at DuPont Research Facility in Hawaii
One-acre, 1,500 solar panel array at Pioneer Hi-Bred Waimea Research Center in Kauai, Hawaii is DuPont’s largest solar installation to date
MARLBORO, Mass.----Evergreen Solar, Inc. (Nasdaq: ESLR), a manufacturer of STRING RIBBON™ solar power products with its proprietary, low-cost silicon wafer manufacturing technology, announced today that a new 250 kilowatt solar energy power plant using its solar panels is now operational at DuPont’s Pioneer Hi-Bred Waimea Research Center in Kauai, Hawaii. The solar installation is DuPont’s largest and will supply 85 percent of the overall energy for the Research Center.
The installation contains 1,500 Evergreen Solar panels and occupies an area of one acre. It will generate enough energy each year to power approximately 64 average-sized homes. By generating renewable energy, the facility will offset carbon dioxide emissions equivalent to removing 100 cars from the road annually. DuPont expects to save approximately $200,000 per year in offset energy costs.
“This is a significant solar installation for DuPont and clearly demonstrates their commitment to renewable energy and sustainability not only as a leader in solar power usage but as a key materials and technology supplier to the photovoltaics industry,” said Terry Bailey, Evergreen Solar’s senior vice president of sales and marketing. “DuPont’s choice to use Evergreen Solar’s panels will not only show immediate results in performance but will also help DuPont accomplish its carbon goals since our panels have both the smallest carbon footprint and the quickest energy payback of any manufacturer in the business.”
This is the second solar installation by DuPont to use Evergreen Solar panels, the first of which is located at DuPont’s headquarters in Wilmington, Delaware.
About Evergreen Solar, Inc.
Evergreen Solar, Inc. develops, manufactures and markets STRING RIBBON™ solar power products using its proprietary, low-cost wafer technology. The company's patented wafer manufacturing technology uses significantly less polysilicon than conventional processes. Evergreen Solar's products provide reliable and environmentally clean electric power for residential and commercial applications globally. For more information about the company, please visit www.evergreensolar.com.
Safe Harbor Statement
This press release contains forward-looking statements which are made pursuant to the safe harbor provisions of Section 21E of the Securities Exchange Act of 1934. These statements are neither promises nor guarantees, and involve risks and uncertainties that could cause actual results to differ materially from such forward-looking statements. Such risks and uncertainties are identified in the company's filings with the Securities and Exchange Commission - including the company's Annual and Quarterly Reports on Forms 10-K and 10-Q filed with the SEC (copies of which may be obtained at the SEC's website at: http://www.sec.gov) - could impact the forward-looking statements contained in this press release. Evergreen Solar disclaims any obligation to publicly update or revise any such statements to reflect any change in expectations, or in events, conditions or circumstances on which any such statements may be based, or that may affect the likelihood that actual results will differ.
Contacts Evergreen Solar, Inc.Chris Lawson, 508-357-2221 X7214Director Marketing Communicationsclawson@evergreensolar.comorElevate CommunicationsJim Connelly, 617-861-3654Account Supervisorjconnelly@elevatecom.com
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Showing posts with label solar stocks. Show all posts
Showing posts with label solar stocks. Show all posts
Thursday, February 05, 2009
Monday, January 26, 2009
First Solar Applauds International Renewable Energy Initiative
First Solar Applauds International Renewable Energy Initiative
TEMPE, Ariz.--Jan 26 2009 --First Solar, Inc. (Nasdaq: FSLR) today applauded the creation of the new International Renewable Energy Agency (IRENA) as an important step in promoting investments in renewable energies worldwide.
IRENA is an international organization created to promote renewable energy options on a global scale. This ambitious initiative will offer both industrialized and developing nations advice and support when seeking renewable energy solutions.
“The creation of IRENA sends a clear signal to markets worldwide that renewable energy will be a public policy priority for many years to come and shows that policy makers are serious about fighting global warming,” said Mike Ahearn, CEO of First Solar. “We encourage the United States and all other nations that have not yet committed to join IRENA and to actively support its vision of a more sustainable environment for future generations.”
It is IRENA’s goal to become the main driving force in promoting widespread sustainability. The agency plans to aid nations in accessing relevant information and reliable data on the renewable energy industry. IRENA will also help countries improve their regulatory frameworks and build their renewable energy capacity.
“The level of international support for IRENA shows that the need to invest in alternatives to fossil fuels is as important for developing countries as it is for developed countries,” Ahearn said. “We expect IRENA to become a powerful force in identifying and promoting best practices and thereby help governments and private investors optimize their investments in renewable energies.”
The agency plans to cooperate with other organizations that are already active in the renewable energy field in order to complement their initiatives. The Founding Conference for IRENA, where the Treaty will be signed, will be held today in Bonn, Germany.
About First Solar
First Solar, Inc. (Nasdaq: FSLR) manufactures solar modules with an advanced semiconductor technology and provides comprehensive PV solutions that significantly reduce solar electricity costs. By enabling clean, renewable electricity at competitive prices, First Solar provides an economic and environmentally responsible alternative to existing peaking fossil-fuel electric generation. First Solar PV power plants operate with no water, air emissions or waste stream. First Solar set the benchmark for environmentally responsible product life cycle management by introducing the industry's first comprehensive collection and recycling program for solar modules. From raw material sourcing through end-of-life collection and recycling, First Solar is focused on creating cost-effective renewable energy solutions that protect and enhance the environment. For more information about First Solar, please visit www.firstsolar.com, or www.firstsolar.com/media to download photos.
For First Solar Investors
This release contains forward-looking statements which are made pursuant to the safe harbor provisions of Section 21E of the Securities Exchange Act of 1934. The forward-looking statements in this release do not constitute guarantees of future performance. Those statements involve a number of factors that could cause actual results to differ materially, including risks associated with the company's business involving the company's products, their development and distribution, economic and competitive factors and the company's key strategic relationships and other risks detailed in the company's filings with the Securities and Exchange Commission. First Solar assumes no obligation to update any forward-looking information contained in this press release or with respect to the announcements described herein.
First Solar, Inc.Lisa Morse, 602-414-9361lmorse@firstsolar.com
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TEMPE, Ariz.--Jan 26 2009 --First Solar, Inc. (Nasdaq: FSLR) today applauded the creation of the new International Renewable Energy Agency (IRENA) as an important step in promoting investments in renewable energies worldwide.
IRENA is an international organization created to promote renewable energy options on a global scale. This ambitious initiative will offer both industrialized and developing nations advice and support when seeking renewable energy solutions.
“The creation of IRENA sends a clear signal to markets worldwide that renewable energy will be a public policy priority for many years to come and shows that policy makers are serious about fighting global warming,” said Mike Ahearn, CEO of First Solar. “We encourage the United States and all other nations that have not yet committed to join IRENA and to actively support its vision of a more sustainable environment for future generations.”
It is IRENA’s goal to become the main driving force in promoting widespread sustainability. The agency plans to aid nations in accessing relevant information and reliable data on the renewable energy industry. IRENA will also help countries improve their regulatory frameworks and build their renewable energy capacity.
“The level of international support for IRENA shows that the need to invest in alternatives to fossil fuels is as important for developing countries as it is for developed countries,” Ahearn said. “We expect IRENA to become a powerful force in identifying and promoting best practices and thereby help governments and private investors optimize their investments in renewable energies.”
The agency plans to cooperate with other organizations that are already active in the renewable energy field in order to complement their initiatives. The Founding Conference for IRENA, where the Treaty will be signed, will be held today in Bonn, Germany.
About First Solar
First Solar, Inc. (Nasdaq: FSLR) manufactures solar modules with an advanced semiconductor technology and provides comprehensive PV solutions that significantly reduce solar electricity costs. By enabling clean, renewable electricity at competitive prices, First Solar provides an economic and environmentally responsible alternative to existing peaking fossil-fuel electric generation. First Solar PV power plants operate with no water, air emissions or waste stream. First Solar set the benchmark for environmentally responsible product life cycle management by introducing the industry's first comprehensive collection and recycling program for solar modules. From raw material sourcing through end-of-life collection and recycling, First Solar is focused on creating cost-effective renewable energy solutions that protect and enhance the environment. For more information about First Solar, please visit www.firstsolar.com, or www.firstsolar.com/media to download photos.
For First Solar Investors
This release contains forward-looking statements which are made pursuant to the safe harbor provisions of Section 21E of the Securities Exchange Act of 1934. The forward-looking statements in this release do not constitute guarantees of future performance. Those statements involve a number of factors that could cause actual results to differ materially, including risks associated with the company's business involving the company's products, their development and distribution, economic and competitive factors and the company's key strategic relationships and other risks detailed in the company's filings with the Securities and Exchange Commission. First Solar assumes no obligation to update any forward-looking information contained in this press release or with respect to the announcements described herein.
First Solar, Inc.Lisa Morse, 602-414-9361lmorse@firstsolar.com
News & Stories Published at Clean Energy Stocks Blog
Research Renewable Energy and Cleantech stocks as an Investor Ideas member and gain access to the stock directories. Learn More:http://www.investorideas.com/membership/
Thursday, January 08, 2009
Spire (Nasdaq: SPIR )Enters into Contract with Solaria Energia of Spain for 100MW Production Line
Spire (Nasdaq: SPIR )Enters into Contract with Solaria Energia of Spain for 100MW Production Line
Multiple Solar Cell Assembly and Module Testing Machines to be Provided for 100MW Expansion
BEDFORD, Mass.--Jan 8 2009 --Spire Corporation (Nasdaq: SPIR ), a global solar company providing turnkey solar factories and capital equipment to manufacture photovoltaic (PV) modules worldwide, today announced that it has received its sixth contract from Solaria Energia y Medio Ambiente, S.A. (Solaria Energia) to provide module manufacturing equipment for Solaria Energia’s new facility located in Fuenmayor, Spain. Under the contract, Spire will provide state-of-the-art assembly machines, laminators, and a module simulator, all together capable of processing over 100 megawatts (MW) of PV modules per year.
“We are pleased to continue to work with Solaria on this latest increase in their production. They recognize the need to automate key manufacturing steps to increase their production. Spire has more than eighty assemblers in the field or under contract. Using today’s high efficiency cells, this represents nearly a gigawatt of production capacity. Our system is a workhorse in the industry,” said, Roger G. Little, Chairman and CEO of Spire Corporation.
Mr. Dario Lopez, Deputy General Manager of Solaria Energia, says, “This contract represents an important milestone in our expansion process and it is also an expression of our commitment and confidence in a supplier, as Spire Corporation. Solaria Energia today is one of the biggest module manufacturers in Spain and with this agreement we will be able to strengthen our position not only in Spain but also in global markets.”
About Solaria Energia y Medio Ambiente S.A.
Solaria Energia y Medio Ambiente S.A. designs, manufacturers, supplies and installs photovoltaic and thermal solutions for the utilization of Solar Power. It’s rapid expansion and technological innovation have in a few years made it one of the leading companies in the sector of renewable energies. Solaria Energia is headquartered in Puertollano, Spain with manufacturing plants in Puertollano and Fuenmayor, Spain.
About Spire Corporation
Spire Corporation is a global solar company providing turnkey production lines and capital equipment to manufacture photovoltaic cells and modules worldwide. Spire Semiconductor provides processing technology for Spire’s silicon solar cell manufacturing lines and offers custom gallium arsenide cells for solar concentrator systems. For corporate or product information, contact Spire Corporation, “The Turnkey Solar Factory Company,” at 781-275-6000, or visit www.spirecorp.com.
Certain matters described in this news release may be forward-looking statements subject to risks and uncertainties that could cause actual results to differ materially from those indicated in the forward-looking statements. Such risks and uncertainties include, but are not limited to, the risk of dependence on market growth, competition and dependence on government agencies and other third parties for funding contract research and services, as well as other factors described in the Company's Form 10-K and other periodic reports filed with the Securities and Exchange Commission.
Contacts Spire CorporationRoger G. Little, 781-275-6000Chairman & CEO
Multiple Solar Cell Assembly and Module Testing Machines to be Provided for 100MW Expansion
BEDFORD, Mass.--Jan 8 2009 --Spire Corporation (Nasdaq: SPIR ), a global solar company providing turnkey solar factories and capital equipment to manufacture photovoltaic (PV) modules worldwide, today announced that it has received its sixth contract from Solaria Energia y Medio Ambiente, S.A. (Solaria Energia) to provide module manufacturing equipment for Solaria Energia’s new facility located in Fuenmayor, Spain. Under the contract, Spire will provide state-of-the-art assembly machines, laminators, and a module simulator, all together capable of processing over 100 megawatts (MW) of PV modules per year.
“We are pleased to continue to work with Solaria on this latest increase in their production. They recognize the need to automate key manufacturing steps to increase their production. Spire has more than eighty assemblers in the field or under contract. Using today’s high efficiency cells, this represents nearly a gigawatt of production capacity. Our system is a workhorse in the industry,” said, Roger G. Little, Chairman and CEO of Spire Corporation.
Mr. Dario Lopez, Deputy General Manager of Solaria Energia, says, “This contract represents an important milestone in our expansion process and it is also an expression of our commitment and confidence in a supplier, as Spire Corporation. Solaria Energia today is one of the biggest module manufacturers in Spain and with this agreement we will be able to strengthen our position not only in Spain but also in global markets.”
About Solaria Energia y Medio Ambiente S.A.
Solaria Energia y Medio Ambiente S.A. designs, manufacturers, supplies and installs photovoltaic and thermal solutions for the utilization of Solar Power. It’s rapid expansion and technological innovation have in a few years made it one of the leading companies in the sector of renewable energies. Solaria Energia is headquartered in Puertollano, Spain with manufacturing plants in Puertollano and Fuenmayor, Spain.
About Spire Corporation
Spire Corporation is a global solar company providing turnkey production lines and capital equipment to manufacture photovoltaic cells and modules worldwide. Spire Semiconductor provides processing technology for Spire’s silicon solar cell manufacturing lines and offers custom gallium arsenide cells for solar concentrator systems. For corporate or product information, contact Spire Corporation, “The Turnkey Solar Factory Company,” at 781-275-6000, or visit www.spirecorp.com.
Certain matters described in this news release may be forward-looking statements subject to risks and uncertainties that could cause actual results to differ materially from those indicated in the forward-looking statements. Such risks and uncertainties include, but are not limited to, the risk of dependence on market growth, competition and dependence on government agencies and other third parties for funding contract research and services, as well as other factors described in the Company's Form 10-K and other periodic reports filed with the Securities and Exchange Commission.
Contacts Spire CorporationRoger G. Little, 781-275-6000Chairman & CEO
Monday, January 05, 2009
WorldWater & Solar Technologies (OTCBB:WWAT) Completes Solar Installation at Valley Center Municipal Water District
WorldWater & Solar Technologies Completes Solar Installation at Valley Center Municipal Water District
EWING, N.J.--Jan 5 2009 --WorldWater & Solar Technologies Corp. (OTC BB: WWAT.OB - News), developer and marketer of proprietary high-horsepower solar systems, today announced that it has completed installation of a 1.1 MW solar power system for the Valley Center Municipal Water District (VCMWD) of Valley Center, California. The system, which was financed and will be owned, operated, and maintained by Solar Power Partners, Inc. (SPP) of Mill Valley, California, will provide 2.1 million kWh per year of electricity for the district, offsetting up to 20% of the electricity required by their largest pumping station. The project was developed using a solar Power Purchase Agreement, which required no cash outlay from VCMWD, who will purchase the generated power from SPP for the twenty-five year life of the agreement.
“I am pleased to announce the successful completion of our flat-plate solar installation at Valley Center, on schedule and to the client’s specifications,” said Frank Smith, CEO, WorldWater and Solar Technologies. “This is another example of our ability to deliver ‘best in class’ solar technology to large commercial clients, as we did for Denver International Airport and Fresno Yosemite International Airport. The experience gained from these installations will serve us well as we look to bring our ENTECH CPV and CPVT modules to the market this year.”
“Solar Power Partners is proud to partner with WorldWater and Valley Center on this exciting solar solution. This facility is a wonderful example of what can be accomplished when water districts adopt solar and support renewable energy,” said Alexander v. Welczeck, President and CEO of Solar Power Partners.
“After almost three years of negotiating, planning, and implementation, it is very rewarding to finally see this 'double green' project come to life,” says Gary Arant, General Manager, Valley Center Municipal Water District. “This will provide long-term financial benefits for our agency and community, as well as a reduced carbon production environment - thus double green.”
Additional partners on this project included Sharp Solar, which supplied the panels for the project, and Xantrex Technology Inc., a subsidiary of Schneider Electric, which provided the inverters.
About WorldWater & Solar Technologies Corp. and ENTECH:
WorldWater & Solar Technologies Corp. is a full-service, solutions-driven solar electric engineering and design company offering unique, high-powered and patented solar technology. ENTECH, Inc., a subsidiary of WorldWater, is a high-technology solar energy company specializing in patented solar concentrating and CPVT (Concentrating Photovoltaic Thermal) systems. ENTECH’s systems can produce electrical output, a combination of electricity and thermal energy or thermal energy alone. Commercial applications vary in size from one kilowatt remote power units to large, multi-megawatt utility power plants. For more information, visit www.worldwater.com or www.entechsolar.com.
About Solar Power Partners, Inc.:
Solar Power Partners, Inc. (SPP) is a California-based renewable energy company that is leading the way in streamlining the adoption of clean solar energy by businesses, institutions and municipalities throughout the United States. Combining the financing strength of solar Power Purchase Agreements (PPAs) with the expertise and best practices of top solar and building industry professionals, SPP gives building owners a clear path to achieving energy independence with predictable electrical rates and without the risks or costs of owning and maintaining solar facilities. For more information please see www.solarpowerpartners.com.
About Valley Center Municipal Water District:
Valley Center Water District is a public water agency located in north central San Diego County, serving a 100 square mile rural agricultural community with 42 reservoirs, over 300 miles of pipe and 26 electric and natural gas powered pumping stations. It is one of the top 20 power purchasers in the San Diego Gas and Electric Service area and is a recognized leader in the areas of energy efficiency and alternative power development.
Contact:WorldWater & Solar Technologies Corp.Press:Amy Copeman, 609-818-0700 ext. 58acopeman@worldwater.comorInvestor Relations:Chris Witty, 646-438-9385cwitty@darrowir.comorSolar Power Partners, Inc.Sierra Fong, 415-389-8981 x 719sfong@solarpowerpartners.comorValley Center Water DistrictGary Arant, 760-749-1603, ext. 215garant@valleycenterwater.org
Source: WorldWater & Solar Technologies Corp.
EWING, N.J.--Jan 5 2009 --WorldWater & Solar Technologies Corp. (OTC BB: WWAT.OB - News), developer and marketer of proprietary high-horsepower solar systems, today announced that it has completed installation of a 1.1 MW solar power system for the Valley Center Municipal Water District (VCMWD) of Valley Center, California. The system, which was financed and will be owned, operated, and maintained by Solar Power Partners, Inc. (SPP) of Mill Valley, California, will provide 2.1 million kWh per year of electricity for the district, offsetting up to 20% of the electricity required by their largest pumping station. The project was developed using a solar Power Purchase Agreement, which required no cash outlay from VCMWD, who will purchase the generated power from SPP for the twenty-five year life of the agreement.
“I am pleased to announce the successful completion of our flat-plate solar installation at Valley Center, on schedule and to the client’s specifications,” said Frank Smith, CEO, WorldWater and Solar Technologies. “This is another example of our ability to deliver ‘best in class’ solar technology to large commercial clients, as we did for Denver International Airport and Fresno Yosemite International Airport. The experience gained from these installations will serve us well as we look to bring our ENTECH CPV and CPVT modules to the market this year.”
“Solar Power Partners is proud to partner with WorldWater and Valley Center on this exciting solar solution. This facility is a wonderful example of what can be accomplished when water districts adopt solar and support renewable energy,” said Alexander v. Welczeck, President and CEO of Solar Power Partners.
“After almost three years of negotiating, planning, and implementation, it is very rewarding to finally see this 'double green' project come to life,” says Gary Arant, General Manager, Valley Center Municipal Water District. “This will provide long-term financial benefits for our agency and community, as well as a reduced carbon production environment - thus double green.”
Additional partners on this project included Sharp Solar, which supplied the panels for the project, and Xantrex Technology Inc., a subsidiary of Schneider Electric, which provided the inverters.
About WorldWater & Solar Technologies Corp. and ENTECH:
WorldWater & Solar Technologies Corp. is a full-service, solutions-driven solar electric engineering and design company offering unique, high-powered and patented solar technology. ENTECH, Inc., a subsidiary of WorldWater, is a high-technology solar energy company specializing in patented solar concentrating and CPVT (Concentrating Photovoltaic Thermal) systems. ENTECH’s systems can produce electrical output, a combination of electricity and thermal energy or thermal energy alone. Commercial applications vary in size from one kilowatt remote power units to large, multi-megawatt utility power plants. For more information, visit www.worldwater.com or www.entechsolar.com.
About Solar Power Partners, Inc.:
Solar Power Partners, Inc. (SPP) is a California-based renewable energy company that is leading the way in streamlining the adoption of clean solar energy by businesses, institutions and municipalities throughout the United States. Combining the financing strength of solar Power Purchase Agreements (PPAs) with the expertise and best practices of top solar and building industry professionals, SPP gives building owners a clear path to achieving energy independence with predictable electrical rates and without the risks or costs of owning and maintaining solar facilities. For more information please see www.solarpowerpartners.com.
About Valley Center Municipal Water District:
Valley Center Water District is a public water agency located in north central San Diego County, serving a 100 square mile rural agricultural community with 42 reservoirs, over 300 miles of pipe and 26 electric and natural gas powered pumping stations. It is one of the top 20 power purchasers in the San Diego Gas and Electric Service area and is a recognized leader in the areas of energy efficiency and alternative power development.
Contact:WorldWater & Solar Technologies Corp.Press:Amy Copeman, 609-818-0700 ext. 58acopeman@worldwater.comorInvestor Relations:Chris Witty, 646-438-9385cwitty@darrowir.comorSolar Power Partners, Inc.Sierra Fong, 415-389-8981 x 719sfong@solarpowerpartners.comorValley Center Water DistrictGary Arant, 760-749-1603, ext. 215garant@valleycenterwater.org
Source: WorldWater & Solar Technologies Corp.
Monday, December 08, 2008
Green Government Facility Named Canada's Solar Project of the Year
Green Government Facility Named Canada's Solar Project of the Year
Carmanah receives CanSIA Award for "Jean Canfield Building" Solar Power System
VICTORIA, BC, CANADA December 8, 2008- Carmanah Technologies Corporation (TSX:CMH) today received the CanSIA "Solar PV Project of the Year Award" for a grid-tied solar power system installed on the Jean Canfield Building in Charlottetown, Prince Edward Island. In accepting the award at the Canadian Solar Industries Association (CanSIA) conference in Toronto earlier today, Carmanah CEO Ted Lattimore expressed his thanks on behalf of the entire project team, and commented on the global shift towards using renewable energy technology to create healthier and more efficient environments in which to live and work.
At the Jean Canfield Building's grand opening celebration this spring, the Department of Public Works and Government Services Canada had declared the 500-person facility "one of the most environmentally friendly buildings ever constructed by the Government of Canada." Complementing the building's impressive list of environmental technologies and design efficiencies, the Carmanah grid-tied solar power system uses a 636-square meter rooftop array to generate up to 111,000 watts of electrical power from the sun's energy. A web-based interface displays key system information -- including the amount of energy produced and greenhouse gases avoided -- online (www.solarforbuildings.com) and on a display screen in the lobby.
As a complement to the building's primary electricity supply, the grid-tie solar power system offsets the amount of power drawn from the grid and helps keep monthly power bills low, all while reducing the building's dependency on the electrical utility. According to Ron St. Onge, project manager with Public Works and Government Services Canada, the grid-tie solar power system supplies approximately 8-10% of the building's electrical requirements, helping to keep demand, and electricity bills, under control. "It requires virtually zero maintenance, and aside from monitoring electrical production, it's self sufficient," said St. Onge.
The CanSIA solar conference is held annually to help highlight opportunities, programs and achievements within the solar industry. For more information, visit CanSIA at www.cansia.ca, or visit Carmanah at www.carmanah.com.
About Carmanah Technologies CorporationAs one of the most trusted names in solar technology, Carmanah has earned a reputation for delivering strong and effective products for industrial applications worldwide. Industry proven to perform reliably in some of the world's harshest environments, Carmanah solar LED lights and solar power systems provide a durable, dependable and cost effective energy alternative. Carmanah is a publicly traded company, with common shares listed on the Toronto Stock Exchange under the symbol "CMH". For more information, visit carmanah.com
Investor RelationsRoland Sartorius, Chief Financial OfficerToll-Free: 1.877.722.8877 investors@carmanah.com Media Relations David DaviesTel: +1.250.382.4332
ddavies@carmanah.com
This release may contain forward-looking statements. Often, but not always, forward-looking statements can be identified by the use of words such as "expects," "plans," "estimates," "intends," "believes," "could," "might," "will" or variations of such words and phrases. Forward-looking statements involve known and unknown risks, uncertainties, and other factors which may cause the actual results, performance, or achievements of Carmanah to be materially different from any future results, performance, or achievements expressed or implied by the forward-looking statements. These statements are based on management's current expectations and beliefs and are subject to a number of risks and uncertainties which are described under the caption "Note Regarding Forward-looking Statements" and "Key Information - Risk Factors" and elsewhere in Carmanah's Annual Report for the fiscal year ended December 31, 2007, as filed on SEDAR at www.sedar.com. The risk factors identified in Carmanah's Annual Report are not intended to represent a complete list of factors that could affect Carmanah. Accordingly, readers should not place undue reliance on forward-looking statements. Carmanah does not assume any obligation to update the forward-looking information contained in this press release.
Carmanah receives CanSIA Award for "Jean Canfield Building" Solar Power System
VICTORIA, BC, CANADA December 8, 2008- Carmanah Technologies Corporation (TSX:CMH) today received the CanSIA "Solar PV Project of the Year Award" for a grid-tied solar power system installed on the Jean Canfield Building in Charlottetown, Prince Edward Island. In accepting the award at the Canadian Solar Industries Association (CanSIA) conference in Toronto earlier today, Carmanah CEO Ted Lattimore expressed his thanks on behalf of the entire project team, and commented on the global shift towards using renewable energy technology to create healthier and more efficient environments in which to live and work.
At the Jean Canfield Building's grand opening celebration this spring, the Department of Public Works and Government Services Canada had declared the 500-person facility "one of the most environmentally friendly buildings ever constructed by the Government of Canada." Complementing the building's impressive list of environmental technologies and design efficiencies, the Carmanah grid-tied solar power system uses a 636-square meter rooftop array to generate up to 111,000 watts of electrical power from the sun's energy. A web-based interface displays key system information -- including the amount of energy produced and greenhouse gases avoided -- online (www.solarforbuildings.com) and on a display screen in the lobby.
As a complement to the building's primary electricity supply, the grid-tie solar power system offsets the amount of power drawn from the grid and helps keep monthly power bills low, all while reducing the building's dependency on the electrical utility. According to Ron St. Onge, project manager with Public Works and Government Services Canada, the grid-tie solar power system supplies approximately 8-10% of the building's electrical requirements, helping to keep demand, and electricity bills, under control. "It requires virtually zero maintenance, and aside from monitoring electrical production, it's self sufficient," said St. Onge.
The CanSIA solar conference is held annually to help highlight opportunities, programs and achievements within the solar industry. For more information, visit CanSIA at www.cansia.ca, or visit Carmanah at www.carmanah.com.
About Carmanah Technologies CorporationAs one of the most trusted names in solar technology, Carmanah has earned a reputation for delivering strong and effective products for industrial applications worldwide. Industry proven to perform reliably in some of the world's harshest environments, Carmanah solar LED lights and solar power systems provide a durable, dependable and cost effective energy alternative. Carmanah is a publicly traded company, with common shares listed on the Toronto Stock Exchange under the symbol "CMH". For more information, visit carmanah.com
Investor RelationsRoland Sartorius, Chief Financial OfficerToll-Free: 1.877.722.8877 investors@carmanah.com Media Relations David DaviesTel: +1.250.382.4332
ddavies@carmanah.com
This release may contain forward-looking statements. Often, but not always, forward-looking statements can be identified by the use of words such as "expects," "plans," "estimates," "intends," "believes," "could," "might," "will" or variations of such words and phrases. Forward-looking statements involve known and unknown risks, uncertainties, and other factors which may cause the actual results, performance, or achievements of Carmanah to be materially different from any future results, performance, or achievements expressed or implied by the forward-looking statements. These statements are based on management's current expectations and beliefs and are subject to a number of risks and uncertainties which are described under the caption "Note Regarding Forward-looking Statements" and "Key Information - Risk Factors" and elsewhere in Carmanah's Annual Report for the fiscal year ended December 31, 2007, as filed on SEDAR at www.sedar.com. The risk factors identified in Carmanah's Annual Report are not intended to represent a complete list of factors that could affect Carmanah. Accordingly, readers should not place undue reliance on forward-looking statements. Carmanah does not assume any obligation to update the forward-looking information contained in this press release.
Monday, November 24, 2008
The Market and Solar Stocks- Renewable and Solar Energy Perspectives with J. Peter Lynch
The Market and Solar Stocks
Renewable and Solar Energy Perspectives with J. Peter Lynch
By Peter Lynch Exclusively for InvestorIdeas.com
First of all, the market has simply put, been terrible. This is certainly shaping up to be a year for the record books. In fact, as of the close Friday (8-21-08) the Dow Jones is having the SECOND WORST year in its history, with 1931 being the worst year with a yearly loss of -52.67%. The numbers below reflect the performance of the three main market indexes since June 1 2008.
DJIA Dow Jones Industrials -36.3
SPX Standard and Poor’s 500 -42.9
NASD NASDAQ -45.1
As to my opinion of this general market situation, I think it is either the beginning of very bad times or a generational buying opportunity in the market.
There is really no way to tell for sure, but based upon my experience in the market over the past 30 years and the opinions of numerous others that I respect, I believe we are very close to a great buying opportunity. It is impossible to ever “catch” the exact bottom, but I do feel that most of potential future bad times have already been incorporated into current stock prices by the market. Therefore, barring a financial Armageddon, I think that prices will be significantly higher in 6 months than they are now.
Regarding my opinion on solar stocks, the numbers below reflect the performance of solar stocks since June 1 2008. Obviously there has been a near total collapse of the average stock which was brought on by a combination of: sky high P/E multiples, an insanely volatile general stock market and dire predictions of future industry progress.
Symbol Name Performance %
AKNS Akeena Solar, Inc. -73.9
ASTI Ascent Solar Technologies, Inc. -77.9
CSIQ Canadian Solar Inc. -89.8
CSUN China Sunergy Company Ltd. -87.1
DSTI DayStar Technologies Inc. -78.1
EMKR EMCORE Corporation -85.6
ENER Energy Conversion Devices Inc -66.9
ESLR Evergreen Solar, Inc. -77.4
FSLR First Solar, Inc. -65.3
JASO JA Solar Holdings Co., Ltd -90.1
LDK LDK Solar Company Ltd. -76.1
RSOL Real Goods Solar, Inc. -44.6
SOL ReneSola, Ltd. (United Kingdom) ADR -90.6
SOLF Solarfun Power Holdings Co. -85.8
SOLR GT Solar International Inc -83.38
SPIR Spire Corporation -77.1
SPWRA Sunpower Corporation -74.8
STP Suntech Power Holdings (China) ADR -85.8
TSL Trina Solar Limited -85.9
WFR MEMC Electronic Materials, Inc. -83.4
YGE Yingli Green Energy Holding Company Limited (China) ADR -86
Average Loss = -79.31%
I agree that solar P/E’s and expectations were FAR too optimistic and missed a number of rather obvious problems that were rapidly approaching (i.e. coming silicon over supply), however, at this time I believe that current expectations have moved equally to the opposite extreme with FAR too much pessimism.
A great degree (a vast majority in my opinion) of this current activity in the market and in solar stocks is principally driven by FEAR. People are afraid NOT to sell because stocks are going to ZERO and people are afraid to buy because stocks are going to ZERO. Obviously BOTH cannot be correct. But the point is that the market is currently in the phase of market dynamics that is totally dominated by emotions. These emotions are rampant and further fueled by the silly people in the media jumping on every tidbit of information and trying to draw a conclusion from each of them (which is impossible), thereby helping, in a way, to compound and extend the panic underlying this this crisis.
With this said is there a way to look at solar stocks today and try to “pick” the ones that have the most potential? Once again, it is impossible to accurately determine which will be the winners and which will be the losers. However I think that there are at least three of areas an investor should look at that I would consider to be critically important. If a company possesses ALL three of these characteristics it would have much higher probability that it will be a leader in the next phase of the emerging solar boom.
First: CASH. During times like this CASH IS KING. So an investor will have to make sure to check each potential company’s balance sheet and insure that they have adequate cash reserves to carry them through at least 2009 without need of further financing.
Second: RELATIVE STRENGTH. In periods like this good stocks and bad stocks BOTH are carried down with the general market. However, the better stocks generally drop last and come back (when the tide changes positive) first. These stocks will also most likely be the ones with the most cash (best financial shape) therefore with the best future prospects. As a result, an investor should look for the solar stocks with the highest relative strength compared to the general market - they will be the early leaders in the next market stage.
Third: PRODUCT DIFFERENTIATION. With a new industry like solar the longer term leaders are generally the companies with some form of competitive advantage or product differentiation. Remember these companies may have innovative products, but they must also pass the first two hurdles (cash and relative strength) in order to warrant further consideration as an investment. Five examples of this (not necessarily “official” recommendations) are listed below with their respective “differentiator” to give you a better idea of what I am referring to:
First Solar (FSLR) – low cost market leader in the thin film sector
SunPower (SPWRA) - highest efficiency product, therefore potential leader in the space constrained residential market segment.
Energy Conversion Devices (ENER) – unique product, with high margins in the flexible PV market segment.
SunTech (STP) – low cost producer in the crystalline PV market segment.
Emcore (EMKR) – one of only two producers of very high efficiency PV cells for the Concentrating PV (CPV) market segment.
Remember that even though this MAY BE a generational buying opportunity in the general market and the solar sector you should always consider this as higher risk money and money that you can afford to potential lose and also be money that you can be patient with and allow the situation to work itself out over time.
Mr. Lynch has worked, for 31 years as an independent analyst and investor in small emerging technology companies. He has been actively involved in following developments in the renewable energy sector since 1977 and is regarded as an expert in this field. He was the contributing editor for the past 17 years to the Photovoltaic Insider Report, the leading publication in Photovoltaics industry that was directed at industrial subscribers, such as major energy companies, utilities and governments around the world. He can be reached via e-mail at: solarjpl@aol.com or at his new website: www.sunseries.net.
About Our Green Investor Portals:
http://www.RenewableEnergyStocks.com is one of several green investor portals within Investorideas.com and provides investors with stock news, exclusive articles and financial columnists, audio interviews, investor conferences and a directory of stocks within the renewable energy sector.
Renewable Energy and GreenTech Business and Stock News at Investorideas.com: http://www.investorideas.com/RSS/feeds/RES.xml
Peter Lynch RSS Feed: http://www.investorideas.com/RSS/feeds/PL.xml, Renewable Energy and GreenTech Business and Stock News RSS Feed: http://www.investorideas.com/RSS/feeds/RES.xml
About InvestorIdeas.com: "One of the first online investor resources providing in-depth information on renewable energy, greentech and water sectors." InvestorIdeas.com is a leading global investor and industry research resource portal specialized in sector investing covering over thirty industry sectors and global markets including China, India, Middle East and Australia.
Become an Investorideas.com Member
With markets and investor sentiment changing daily- it is more important than ever to stay on top of key trends! Gain Exclusive Insight on Leading Sectors, Global Trends, and Insider Trading Ideas, News, Articles and Investor Ideas Members only Restricted Content including the complete renewable energy stocks directory.
Become an InvestorIdeas.com -Learn more: - click here http://www.investorideas.com/membership/
Disclaimer: The views and opinions expressed in the research published are those of the individual companies and writers and not necessarily those of Investorideas.com®, or any of the industry sector portals . At the time of publication, writers may hold positions in the stocks or companies mentioned.
Renewable and Solar Energy Perspectives with J. Peter Lynch
By Peter Lynch Exclusively for InvestorIdeas.com
First of all, the market has simply put, been terrible. This is certainly shaping up to be a year for the record books. In fact, as of the close Friday (8-21-08) the Dow Jones is having the SECOND WORST year in its history, with 1931 being the worst year with a yearly loss of -52.67%. The numbers below reflect the performance of the three main market indexes since June 1 2008.
DJIA Dow Jones Industrials -36.3
SPX Standard and Poor’s 500 -42.9
NASD NASDAQ -45.1
As to my opinion of this general market situation, I think it is either the beginning of very bad times or a generational buying opportunity in the market.
There is really no way to tell for sure, but based upon my experience in the market over the past 30 years and the opinions of numerous others that I respect, I believe we are very close to a great buying opportunity. It is impossible to ever “catch” the exact bottom, but I do feel that most of potential future bad times have already been incorporated into current stock prices by the market. Therefore, barring a financial Armageddon, I think that prices will be significantly higher in 6 months than they are now.
Regarding my opinion on solar stocks, the numbers below reflect the performance of solar stocks since June 1 2008. Obviously there has been a near total collapse of the average stock which was brought on by a combination of: sky high P/E multiples, an insanely volatile general stock market and dire predictions of future industry progress.
Symbol Name Performance %
AKNS Akeena Solar, Inc. -73.9
ASTI Ascent Solar Technologies, Inc. -77.9
CSIQ Canadian Solar Inc. -89.8
CSUN China Sunergy Company Ltd. -87.1
DSTI DayStar Technologies Inc. -78.1
EMKR EMCORE Corporation -85.6
ENER Energy Conversion Devices Inc -66.9
ESLR Evergreen Solar, Inc. -77.4
FSLR First Solar, Inc. -65.3
JASO JA Solar Holdings Co., Ltd -90.1
LDK LDK Solar Company Ltd. -76.1
RSOL Real Goods Solar, Inc. -44.6
SOL ReneSola, Ltd. (United Kingdom) ADR -90.6
SOLF Solarfun Power Holdings Co. -85.8
SOLR GT Solar International Inc -83.38
SPIR Spire Corporation -77.1
SPWRA Sunpower Corporation -74.8
STP Suntech Power Holdings (China) ADR -85.8
TSL Trina Solar Limited -85.9
WFR MEMC Electronic Materials, Inc. -83.4
YGE Yingli Green Energy Holding Company Limited (China) ADR -86
Average Loss = -79.31%
I agree that solar P/E’s and expectations were FAR too optimistic and missed a number of rather obvious problems that were rapidly approaching (i.e. coming silicon over supply), however, at this time I believe that current expectations have moved equally to the opposite extreme with FAR too much pessimism.
A great degree (a vast majority in my opinion) of this current activity in the market and in solar stocks is principally driven by FEAR. People are afraid NOT to sell because stocks are going to ZERO and people are afraid to buy because stocks are going to ZERO. Obviously BOTH cannot be correct. But the point is that the market is currently in the phase of market dynamics that is totally dominated by emotions. These emotions are rampant and further fueled by the silly people in the media jumping on every tidbit of information and trying to draw a conclusion from each of them (which is impossible), thereby helping, in a way, to compound and extend the panic underlying this this crisis.
With this said is there a way to look at solar stocks today and try to “pick” the ones that have the most potential? Once again, it is impossible to accurately determine which will be the winners and which will be the losers. However I think that there are at least three of areas an investor should look at that I would consider to be critically important. If a company possesses ALL three of these characteristics it would have much higher probability that it will be a leader in the next phase of the emerging solar boom.
First: CASH. During times like this CASH IS KING. So an investor will have to make sure to check each potential company’s balance sheet and insure that they have adequate cash reserves to carry them through at least 2009 without need of further financing.
Second: RELATIVE STRENGTH. In periods like this good stocks and bad stocks BOTH are carried down with the general market. However, the better stocks generally drop last and come back (when the tide changes positive) first. These stocks will also most likely be the ones with the most cash (best financial shape) therefore with the best future prospects. As a result, an investor should look for the solar stocks with the highest relative strength compared to the general market - they will be the early leaders in the next market stage.
Third: PRODUCT DIFFERENTIATION. With a new industry like solar the longer term leaders are generally the companies with some form of competitive advantage or product differentiation. Remember these companies may have innovative products, but they must also pass the first two hurdles (cash and relative strength) in order to warrant further consideration as an investment. Five examples of this (not necessarily “official” recommendations) are listed below with their respective “differentiator” to give you a better idea of what I am referring to:
First Solar (FSLR) – low cost market leader in the thin film sector
SunPower (SPWRA) - highest efficiency product, therefore potential leader in the space constrained residential market segment.
Energy Conversion Devices (ENER) – unique product, with high margins in the flexible PV market segment.
SunTech (STP) – low cost producer in the crystalline PV market segment.
Emcore (EMKR) – one of only two producers of very high efficiency PV cells for the Concentrating PV (CPV) market segment.
Remember that even though this MAY BE a generational buying opportunity in the general market and the solar sector you should always consider this as higher risk money and money that you can afford to potential lose and also be money that you can be patient with and allow the situation to work itself out over time.
Mr. Lynch has worked, for 31 years as an independent analyst and investor in small emerging technology companies. He has been actively involved in following developments in the renewable energy sector since 1977 and is regarded as an expert in this field. He was the contributing editor for the past 17 years to the Photovoltaic Insider Report, the leading publication in Photovoltaics industry that was directed at industrial subscribers, such as major energy companies, utilities and governments around the world. He can be reached via e-mail at: solarjpl@aol.com or at his new website: www.sunseries.net.
About Our Green Investor Portals:
http://www.RenewableEnergyStocks.com is one of several green investor portals within Investorideas.com and provides investors with stock news, exclusive articles and financial columnists, audio interviews, investor conferences and a directory of stocks within the renewable energy sector.
Renewable Energy and GreenTech Business and Stock News at Investorideas.com: http://www.investorideas.com/RSS/feeds/RES.xml
Peter Lynch RSS Feed: http://www.investorideas.com/RSS/feeds/PL.xml, Renewable Energy and GreenTech Business and Stock News RSS Feed: http://www.investorideas.com/RSS/feeds/RES.xml
About InvestorIdeas.com: "One of the first online investor resources providing in-depth information on renewable energy, greentech and water sectors." InvestorIdeas.com is a leading global investor and industry research resource portal specialized in sector investing covering over thirty industry sectors and global markets including China, India, Middle East and Australia.
Become an Investorideas.com Member
With markets and investor sentiment changing daily- it is more important than ever to stay on top of key trends! Gain Exclusive Insight on Leading Sectors, Global Trends, and Insider Trading Ideas, News, Articles and Investor Ideas Members only Restricted Content including the complete renewable energy stocks directory.
Become an InvestorIdeas.com -Learn more: - click here http://www.investorideas.com/membership/
Disclaimer: The views and opinions expressed in the research published are those of the individual companies and writers and not necessarily those of Investorideas.com®, or any of the industry sector portals . At the time of publication, writers may hold positions in the stocks or companies mentioned.
Tuesday, November 04, 2008
Renewable Energy Stocks Sector Close-UP; Renewable Energy Stocks Trading Up in Anticipation of an Obama Win?
Renewable Energy Stocks Sector Close-UP; Renewable Energy Stocks Trading Up in Anticipation of an Obama Win?
POINT ROBERTS, WA and DELTA, BC—November 4, 2008 -- www.RenewableEnergyStocks.com,
a leading investor news and research portal for the renewable energy sector within Investorideas.com, presents a sector close-up on renewable energy stocks and the recent trading activity pending the election. As the sector trades up, two experts comment on the future of renewable energy.
According to solar expert Peter Lynch, feature writer of the Renewable and Solar Energy Perspectives at Investorideas.com http://www.renewableenergystocks.com/PL/ ,
"Senator Obama truly understands that energy is the greatest problem that he will face as President. He realizes that the age of oil and fossil fuels are drawing to a necessary close. He also realizes that Global Warming is one of the greatest hazards of our time. Most thinking people realize this too, but to date, we have had no leadership capable of leading the world in a new direction. As President Obama can be this leader, he will be the catalyst for the dawn of the solar revolution.”
Dr. Robert Wilder, of the WilderHill Clean Energy Index (^ECO) comments , “ Like a rubber band that's been stretched quite far, the fact the U.S. fell behind other nations in clean energy the past eight years now looks like it may snap back the other way. Combining a fresh new White House outlook that's positive on green jobs, with a Congress led by a pro-renewable outlook in the House and possibly even 60 vote majority in the Senate means new thinking becomes possible. Old dominance by fossil fuels may even wane: the many harms from coal and oil for instance might be treated for the first time as the problems they are. And better energy independence too could be taken seriously. Whether by cap and trade, or a carbon tax, those carbon laden fuels may even help generate the revenues for new U.S. clean energy, and green jobs here at home.”
Solar Stocks Sector Close-Up as of Trading November 3, 2008:
First Solar, Inc. (NASDAQ:FSLR) (Market, News) closed up $18.21 (12.67%).
Akeena Solar Inc. (NASDAQ:AKNS) was up$ 0.20 (7.12%)
Evergreen Solar Inc (NASDAQ:ESLR) (Market, News) closed up 0.90 (23.75%)
LDK Solar ADR (LDK) (Market, News) increased $4.22 (23.20%)
SunPower Corporation (SPWRA) (Market, News ) spiked $5.02 (12.85%)
Clear Skies Solar Inc. (OTCBB: CSKH) was up $0.05 (16.67%)
Ascent Solar Technologies, Inc. (NASDAQ: ASTI) was up $0.68 (13.08%)
Yingli Green Energy (YGE) was up $0.99 (18.79%)
The WilderHill Clean Energy Index (^ECO) was up 4.31 (4.22%).
Featured Showcase Solar Company XsunX: (OTCBB: XSNX) Based in Aliso Viejo, Calif., XsunX is developing amorphous silicon thin film photovoltaic (TFPV) solar cell manufacturing processes to produce TFPV solar modules. To deliver its products the Company has begun to build a multi- megawatt TFPV solar module production facility in the United States to meet the growing demand for solar cell products used in large scale commercial projects, utility power fields, and other on-grid applications. Employing a phased roll out of production capacity, it plans to grow manufacturing capacities to over 100 megawatts by 2010. More info on XsunX, Inc. can be found on our media profile at: http://www.investorideas.com/co/xsnx/default.asp or http://www.xsunx.com/
About Our Green Investor Portals:
www.RenewableEnergyStocks.com® is one of several green investor portals within Investorideas.com and provides investors with stock news, exclusive articles and financial columnists, audio interviews, investor conferences, Blogs, and a directory of stocks within the renewable energy sector.
Investorideas.com Green Investor Audio Series
http://www.investorideas.com/gi/
About InvestorIdeas.com:
"One of the first online investor resources providing in-depth information on renewable energy, greentech and water sectors." InvestorIdeas.com is a leading global investor and industry research resource portal specialized in sector investing covering over thirty industry sectors and global markets including China, India, Middle East and Australia.
Become an Investorideas.com Member
With markets and investor sentiment changing daily- it is more important than ever to stay on top of key trends! Gain Exclusive Insight on Leading Sectors, Global Trends, and Insider Trading Ideas, News, Articles and Investor Ideas Members only Restricted Content including the complete renewable energy stocks directory.
Learn more: - click here http://www.investorideas.com/membership/
Peter Lynch RSS Feed: http://www.investorideas.com/RSS/feeds/PL.xml, Renewable Energy and GreenTech Business and Stock News RSS Feed: http://www.investorideas.com/RSS/feeds/RES.xml
Disclaimer: Our sites do not make recommendations. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. We attempt to research thoroughly, but we offer no guarantees as to the accuracy of information presented. All Information relating to featured companies is sourced from public documents and/ or the company and is not the opinion of our web sites. Disclosure: Investorideas is compensated by featured companies, news submissions and online advertising. XsunX compensate the website $5000 per month. www.InvestorIdeas.com/About/Disclaimer.asp
For more information contact:
Dawn Van Zant 800.665.0411
Email: dvanzant@investorideas.com,
Source: RenewableEnergyStocks.com, XsunX, WilderHill Clean Energy Index
POINT ROBERTS, WA and DELTA, BC—November 4, 2008 -- www.RenewableEnergyStocks.com,
a leading investor news and research portal for the renewable energy sector within Investorideas.com, presents a sector close-up on renewable energy stocks and the recent trading activity pending the election. As the sector trades up, two experts comment on the future of renewable energy.
According to solar expert Peter Lynch, feature writer of the Renewable and Solar Energy Perspectives at Investorideas.com http://www.renewableenergystocks.com/PL/ ,
"Senator Obama truly understands that energy is the greatest problem that he will face as President. He realizes that the age of oil and fossil fuels are drawing to a necessary close. He also realizes that Global Warming is one of the greatest hazards of our time. Most thinking people realize this too, but to date, we have had no leadership capable of leading the world in a new direction. As President Obama can be this leader, he will be the catalyst for the dawn of the solar revolution.”
Dr. Robert Wilder, of the WilderHill Clean Energy Index (^ECO) comments , “ Like a rubber band that's been stretched quite far, the fact the U.S. fell behind other nations in clean energy the past eight years now looks like it may snap back the other way. Combining a fresh new White House outlook that's positive on green jobs, with a Congress led by a pro-renewable outlook in the House and possibly even 60 vote majority in the Senate means new thinking becomes possible. Old dominance by fossil fuels may even wane: the many harms from coal and oil for instance might be treated for the first time as the problems they are. And better energy independence too could be taken seriously. Whether by cap and trade, or a carbon tax, those carbon laden fuels may even help generate the revenues for new U.S. clean energy, and green jobs here at home.”
Solar Stocks Sector Close-Up as of Trading November 3, 2008:
First Solar, Inc. (NASDAQ:FSLR) (Market, News) closed up $18.21 (12.67%).
Akeena Solar Inc. (NASDAQ:AKNS) was up$ 0.20 (7.12%)
Evergreen Solar Inc (NASDAQ:ESLR) (Market, News) closed up 0.90 (23.75%)
LDK Solar ADR (LDK) (Market, News) increased $4.22 (23.20%)
SunPower Corporation (SPWRA) (Market, News ) spiked $5.02 (12.85%)
Clear Skies Solar Inc. (OTCBB: CSKH) was up $0.05 (16.67%)
Ascent Solar Technologies, Inc. (NASDAQ: ASTI) was up $0.68 (13.08%)
Yingli Green Energy (YGE) was up $0.99 (18.79%)
The WilderHill Clean Energy Index (^ECO) was up 4.31 (4.22%).
Featured Showcase Solar Company XsunX: (OTCBB: XSNX) Based in Aliso Viejo, Calif., XsunX is developing amorphous silicon thin film photovoltaic (TFPV) solar cell manufacturing processes to produce TFPV solar modules. To deliver its products the Company has begun to build a multi- megawatt TFPV solar module production facility in the United States to meet the growing demand for solar cell products used in large scale commercial projects, utility power fields, and other on-grid applications. Employing a phased roll out of production capacity, it plans to grow manufacturing capacities to over 100 megawatts by 2010. More info on XsunX, Inc. can be found on our media profile at: http://www.investorideas.com/co/xsnx/default.asp or http://www.xsunx.com/
About Our Green Investor Portals:
www.RenewableEnergyStocks.com® is one of several green investor portals within Investorideas.com and provides investors with stock news, exclusive articles and financial columnists, audio interviews, investor conferences, Blogs, and a directory of stocks within the renewable energy sector.
Investorideas.com Green Investor Audio Series
http://www.investorideas.com/gi/
About InvestorIdeas.com:
"One of the first online investor resources providing in-depth information on renewable energy, greentech and water sectors." InvestorIdeas.com is a leading global investor and industry research resource portal specialized in sector investing covering over thirty industry sectors and global markets including China, India, Middle East and Australia.
Become an Investorideas.com Member
With markets and investor sentiment changing daily- it is more important than ever to stay on top of key trends! Gain Exclusive Insight on Leading Sectors, Global Trends, and Insider Trading Ideas, News, Articles and Investor Ideas Members only Restricted Content including the complete renewable energy stocks directory.
Learn more: - click here http://www.investorideas.com/membership/
Peter Lynch RSS Feed: http://www.investorideas.com/RSS/feeds/PL.xml, Renewable Energy and GreenTech Business and Stock News RSS Feed: http://www.investorideas.com/RSS/feeds/RES.xml
Disclaimer: Our sites do not make recommendations. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. We attempt to research thoroughly, but we offer no guarantees as to the accuracy of information presented. All Information relating to featured companies is sourced from public documents and/ or the company and is not the opinion of our web sites. Disclosure: Investorideas is compensated by featured companies, news submissions and online advertising. XsunX compensate the website $5000 per month. www.InvestorIdeas.com/About/Disclaimer.asp
For more information contact:
Dawn Van Zant 800.665.0411
Email: dvanzant@investorideas.com,
Source: RenewableEnergyStocks.com, XsunX, WilderHill Clean Energy Index
Friday, October 03, 2008
three things that are important to understand regarding investing in the current renewable energy industry
Read todays column on solar stocks -
Solar Stocks Continue Decline
By Peter Lynch
Exclusively for InvestorIdeas.com
October 03, 2008
full article - http://www.investorideas.com/pl/news/100308a.asp
Excerpt-
There are three things that are important to understand regarding investing in the current renewable energy industry:
Just the Beginning of the Renewables Boom — This is "just the beginning" of the birth of the renewable energy industry. The renewable energy industry is at the same stage now as the automobile industry was in 1900. We are seeing the first few companies becoming public and we will see hundreds more over the next decades. It will be an exciting time for investors and there will be ample opportunity for investors to make money and also help the environment, which is a welcome change from the fossil-fuel dominated energy sector of today.
Highly Volatility — At this early stage of development there will be excessive volatility in this sector until it becomes a more mature industry. Investors must carefully select their entry points and be patient. This sector is NOT for the faint of heart. Investors have to be careful only to invest a portion of their portfolio, which they have designated for "higher risk" investments. These will be the stocks that you can make the most money on, but also the ones you could lose the most on. Risk and reward have always been intrinsically linked and this is no exception.
Pending Legislation Key to Short-Term Uncertainly — I expect that we will see some pending solar legislation pass in the congress before year end, perhaps even today, since it has been attached to the bailout bill. If this happens the legislative tide will raise ALL SOLAR STOCKS and well as the entire market. Where it goes from there and how far the stocks rebound is any ones guess. One thing for sure, investors will have to be nimble and be prepared to take some short term profits.
If it does NOT happen this year, there will be a further drop in solar stocks, until 2009, when I am relatively sure some form of legislation will be forthcoming. Once this occurs I think it will light a fire under solar stocks and they will make a strong run up in the beginning of the year. However, next year there will be problems in the solar industry, for example: excess silicon supply, margin compression and PE contraction (which we are currently seeing to a large degree). But in the shorter term, I see solar stocks making another run up as just another step in their eventual movement to a booming industry of the future.
In conclusion, it is important to remember to be patient and not to overreact to this crazy market with its incredible volatility and short term “panic” psychology. I have seen this type of panic many times in the past and it is “usually” seen at or near market bottoms.
There will be plenty of opportunities in the future for the patient, level-headed investor. You need to have your cash reserves ready when the time is right. As I have said a number of times in the past, the best way to make money is not to lose it!
Remember, it is NOT how much money you make when the market goes up, but it is how much money you keep after the market has gone down.
About InvestorIdeas.com:
"One of the first online investor resources providing in-depth information on renewable energy, greentech and water sectors." InvestorIdeas.com is a leading global investor and industry research resource portal specialized in sector investing covering over thirty industry sectors and global markets including China, India, Middle East and Australia.
Peter Lynch RSS Feed: http://www.investorideas.com/RSS/feeds/PL.xml, Renewable Energy and GreenTech Business and Stock News RSS Feed: http://www.investorideas.com/RSS/feeds/RES.xml
Solar Stocks Continue Decline
By Peter Lynch
Exclusively for InvestorIdeas.com
October 03, 2008
full article - http://www.investorideas.com/pl/news/100308a.asp
Excerpt-
There are three things that are important to understand regarding investing in the current renewable energy industry:
Just the Beginning of the Renewables Boom — This is "just the beginning" of the birth of the renewable energy industry. The renewable energy industry is at the same stage now as the automobile industry was in 1900. We are seeing the first few companies becoming public and we will see hundreds more over the next decades. It will be an exciting time for investors and there will be ample opportunity for investors to make money and also help the environment, which is a welcome change from the fossil-fuel dominated energy sector of today.
Highly Volatility — At this early stage of development there will be excessive volatility in this sector until it becomes a more mature industry. Investors must carefully select their entry points and be patient. This sector is NOT for the faint of heart. Investors have to be careful only to invest a portion of their portfolio, which they have designated for "higher risk" investments. These will be the stocks that you can make the most money on, but also the ones you could lose the most on. Risk and reward have always been intrinsically linked and this is no exception.
Pending Legislation Key to Short-Term Uncertainly — I expect that we will see some pending solar legislation pass in the congress before year end, perhaps even today, since it has been attached to the bailout bill. If this happens the legislative tide will raise ALL SOLAR STOCKS and well as the entire market. Where it goes from there and how far the stocks rebound is any ones guess. One thing for sure, investors will have to be nimble and be prepared to take some short term profits.
If it does NOT happen this year, there will be a further drop in solar stocks, until 2009, when I am relatively sure some form of legislation will be forthcoming. Once this occurs I think it will light a fire under solar stocks and they will make a strong run up in the beginning of the year. However, next year there will be problems in the solar industry, for example: excess silicon supply, margin compression and PE contraction (which we are currently seeing to a large degree). But in the shorter term, I see solar stocks making another run up as just another step in their eventual movement to a booming industry of the future.
In conclusion, it is important to remember to be patient and not to overreact to this crazy market with its incredible volatility and short term “panic” psychology. I have seen this type of panic many times in the past and it is “usually” seen at or near market bottoms.
There will be plenty of opportunities in the future for the patient, level-headed investor. You need to have your cash reserves ready when the time is right. As I have said a number of times in the past, the best way to make money is not to lose it!
Remember, it is NOT how much money you make when the market goes up, but it is how much money you keep after the market has gone down.
About InvestorIdeas.com:
"One of the first online investor resources providing in-depth information on renewable energy, greentech and water sectors." InvestorIdeas.com is a leading global investor and industry research resource portal specialized in sector investing covering over thirty industry sectors and global markets including China, India, Middle East and Australia.
Peter Lynch RSS Feed: http://www.investorideas.com/RSS/feeds/PL.xml, Renewable Energy and GreenTech Business and Stock News RSS Feed: http://www.investorideas.com/RSS/feeds/RES.xml
Wednesday, August 27, 2008
Investorideas.com Green Investor Audio Series; “Renewable Energy- The Perfect Storm,
Investorideas.com Green Investor Audio Series; “Renewable Energy- The Perfect Storm,
A Transformation of the World’s Energy Infrastructure “
Michael Brush Audio with Michael Liebreich, head of the London-based clean energy research firm, New Energy Finance, Discussing Major Trends in Renewable Energy
POINT ROBERTS, Wash., Delta B.C., August 27, 2008 - www.InvestorIdeas.com, one of the first online investor resources providing in-depth information on renewable energy, greentech and water, provides interested investors a recent audio interview with Michael Liebreich, head of the London-based clean energy research firm New Energy Finance. Mr. Liebreich discusses the industry trends coming together all at once that have created a perfect storm in renewable energy for investors.
Investorideas.com Green Investor Audio Series
http://www.investorideas.com/gi/
Well-known financial columnist Michael Brush continues his renewable energy audio series for Renewableenergystocks.com with a recent interview with Michael Liebreich, head of the London-based clean energy research firm New Energy Finance.
Renewable Energy: “The Perfect Storm”
Michael Liebreich, head of the London-based clean energy research firm New Energy Finance, www.newenergyfinance.com offers an overview of what’s to come for the sector.
Mr. Liebreich commenting on trends and opportunities notes,” It’s really a perfect storm .It’s not just one or two small trends; it’s a transformation of the world’s energy infrastructure. The industry is going from high -carbon to low- carbon. “
“The drivers include climate change, oil depletion, energy security, deregulation, new technologies like nanomaterial , Biotech and information technologies which allow you to manage distributed energy resources in a way we couldn’t 15 years ago. All these trends coming together at once create an enormously powerful transformation and opportunities to invest.”
To hear the full Audio file: click here:
http://s3.amazonaws.com/static.investorideas.com/podcasts/2008/gi082708.mp3
Michael Brush writes a weekly market column for MSN Money. Mr. Brush has also covered business and investing for the New York Times, Money magazine and the Economist Group.
Michael also writes the Insiders Corner Exclusively for Investorideas.com.
About Our Green Investor Portals:
www.RenewableEnergyStocks.com is one of several green investor portals within Investorideas.com and provides investors with stock news, exclusive articles and financial columnists, audio interviews, investor conferences and a directory of stocks within the renewable energy sector.
Renewable Energy and GreenTech Business and Stock News RSS Feed:
http://www.investorideas.com/RSS/feeds/RES.xml
Green Investor Sponsors: Carbon Capture and Green Portfolio Stock: (OTCBB:MVTG),Geothermal Stock:(OTCBB:ESIV),Green Automotive Stock: (OTCBB:ZAAP),Green Automotive Stock:(OTCBB:ROTB),Solar Stock:(OTCBB:XSNX)
Solar Stock :( OTCBB: CSKH), Renewable Sugarcane Fuels (OTCPK: IBOT) Featured Green Companies are showcased on: www.Renewableenergystocks.com. For disclaimer and disclosure visit:
www.InvestorIdeas.com/About/Disclaimer.asp
The Global Green Marketplace at Investorideas.com – a meeting place for investors and business in cleantech: http://www.investorideas.com/marketplace/.
About InvestorIdeas.com:
"One of the first online investor resources providing in-depth information on renewable energy, greentech and water sectors." InvestorIdeas.com is a leading global investor and industry research resource portal specialized in sector investing covering over thirty industry sectors and global markets including China, India, Middle East and Australia.
Disclaimer: Our sites do not make recommendations. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. We attempt to research thoroughly, but we offer no guarantees as to the accuracy of information presented. All Information relating to featured companies is sourced from public documents and/ or the company and is not the opinion of our web sites. This site is currently compensated by featured companies, news submissions and online advertising. www.InvestorIdeas.com/About/Disclaimer.asp
For Additional Information:
Dawn Van Zant: 800-665-0411 - dvanzant@investorideas.com
Source – Investorideas.com
A Transformation of the World’s Energy Infrastructure “
Michael Brush Audio with Michael Liebreich, head of the London-based clean energy research firm, New Energy Finance, Discussing Major Trends in Renewable Energy
POINT ROBERTS, Wash., Delta B.C., August 27, 2008 - www.InvestorIdeas.com, one of the first online investor resources providing in-depth information on renewable energy, greentech and water, provides interested investors a recent audio interview with Michael Liebreich, head of the London-based clean energy research firm New Energy Finance. Mr. Liebreich discusses the industry trends coming together all at once that have created a perfect storm in renewable energy for investors.
Investorideas.com Green Investor Audio Series
http://www.investorideas.com/gi/
Well-known financial columnist Michael Brush continues his renewable energy audio series for Renewableenergystocks.com with a recent interview with Michael Liebreich, head of the London-based clean energy research firm New Energy Finance.
Renewable Energy: “The Perfect Storm”
Michael Liebreich, head of the London-based clean energy research firm New Energy Finance, www.newenergyfinance.com offers an overview of what’s to come for the sector.
Mr. Liebreich commenting on trends and opportunities notes,” It’s really a perfect storm .It’s not just one or two small trends; it’s a transformation of the world’s energy infrastructure. The industry is going from high -carbon to low- carbon. “
“The drivers include climate change, oil depletion, energy security, deregulation, new technologies like nanomaterial , Biotech and information technologies which allow you to manage distributed energy resources in a way we couldn’t 15 years ago. All these trends coming together at once create an enormously powerful transformation and opportunities to invest.”
To hear the full Audio file: click here:
http://s3.amazonaws.com/static.investorideas.com/podcasts/2008/gi082708.mp3
Michael Brush writes a weekly market column for MSN Money. Mr. Brush has also covered business and investing for the New York Times, Money magazine and the Economist Group.
Michael also writes the Insiders Corner Exclusively for Investorideas.com.
About Our Green Investor Portals:
www.RenewableEnergyStocks.com is one of several green investor portals within Investorideas.com and provides investors with stock news, exclusive articles and financial columnists, audio interviews, investor conferences and a directory of stocks within the renewable energy sector.
Renewable Energy and GreenTech Business and Stock News RSS Feed:
http://www.investorideas.com/RSS/feeds/RES.xml
Green Investor Sponsors: Carbon Capture and Green Portfolio Stock: (OTCBB:MVTG),Geothermal Stock:(OTCBB:ESIV),Green Automotive Stock: (OTCBB:ZAAP),Green Automotive Stock:(OTCBB:ROTB),Solar Stock:(OTCBB:XSNX)
Solar Stock :( OTCBB: CSKH), Renewable Sugarcane Fuels (OTCPK: IBOT) Featured Green Companies are showcased on: www.Renewableenergystocks.com. For disclaimer and disclosure visit:
www.InvestorIdeas.com/About/Disclaimer.asp
The Global Green Marketplace at Investorideas.com – a meeting place for investors and business in cleantech: http://www.investorideas.com/marketplace/.
About InvestorIdeas.com:
"One of the first online investor resources providing in-depth information on renewable energy, greentech and water sectors." InvestorIdeas.com is a leading global investor and industry research resource portal specialized in sector investing covering over thirty industry sectors and global markets including China, India, Middle East and Australia.
Disclaimer: Our sites do not make recommendations. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. We attempt to research thoroughly, but we offer no guarantees as to the accuracy of information presented. All Information relating to featured companies is sourced from public documents and/ or the company and is not the opinion of our web sites. This site is currently compensated by featured companies, news submissions and online advertising. www.InvestorIdeas.com/About/Disclaimer.asp
For Additional Information:
Dawn Van Zant: 800-665-0411 - dvanzant@investorideas.com
Source – Investorideas.com
Tuesday, August 12, 2008
Clear Skies Solar Awarded Contract in Larissa, Greece Valued at Approximately US $1 Million
Clear Skies Solar Awarded Contract in Larissa, Greece Valued at Approximately US $1 Million
International Expansion Begins With Initial 150kW Contract
NEW YORK - Clear Skies Solar, Inc. (OTCBB: CSKH), a leading developer and provider of solar power solutions, today announced the awarding of a 150kW solar contract through its newly established partnership in Greece with Larissa-based, Aspen Energy. This project is valued at approximately US $1 million.
“The key in any good clean energy relationship is having local knowledge and combining that with technical expertise and efficiency; that’s exactly the type of partnership Clear Skies and Aspen Energy are bringing to the Greek solar industry,” said Clear Skies Solar Chairman and CEO, Ezra Green. “There’s no question, Greece is one of the most progressive ‘solar-minded’ countries today. Their current environment of available grants and favorable feed-in tariffs, presented a great opportunity for Clear Skies. We fully expect that this 150kW contract will be the first of many great solar energy opportunities in the region.”
This contract covers a 150kW project which will consist of a ground mounted system covering approximately 1-acre and is expected to generate approximately 180,000 kW hours of electricity per year. It will prevent 176,000 pounds of carbon dioxide emissions per year and, with financing pre-arranged, the anticipated start date is early October pending final permitting.
About Clear Skies Solar
Clear Skies Solar, Inc. (CSS), through its wholly owned subsidiary, provides full-service renewable energy solutions to commercial, industrial, and agricultural clients domestically and internationally. CSS was incorporated in 2003 and launched formal operations in 2005. During that time period, CSS developed its proprietary systems, obtained licenses and certifications, and acquired technologies that could maximize the impact of its construction expertise on the renewable energy sector. CSS has become one of the premier solar electric installation companies in the country. For more information about CSS, visit www.ClearSkiesSolar.com.
Forward-Looking Statement Disclaimer
Statements in this press release that are not statements of historical or current fact constitute "forward-looking statements." Such forward-looking statements involve known and unknown risks, uncertainties and other unknown factors that could cause the Company's actual operating results to be materially different from any historical results or from any future results expressed or implied by such forward-looking statements. In addition to statements that explicitly describe these risks and uncertainties, readers are urged to consider statements that contain terms such as "believes," "belief," "expects," "expect," "intends," "intend," "anticipate," "anticipates," "plans," "plan," to be uncertain and forward-looking. The forward-looking statements contained herein are also subject generally to other risks and uncertainties that are described from time to time in the Company's filings with Securities and Exchange Commission.
Clear Skies Holdings, Inc. is a featured Company on Investorideas.com Green portals.
For full details, click here: http://www.renewableenergystocks.com/CO/CSG/Default.asp
Contact:
For Clear Skies Solar, Inc.
Media Inquiries:
Laura Finlayson, 201-488-0049
laura@avalanchepr.com
or
PR Financial Marketing
Investor Relations:
Jim Blackman, 713-256-0369
jim@prfmonline.com
Source: Clear Skies Solar, Inc.
International Expansion Begins With Initial 150kW Contract
NEW YORK - Clear Skies Solar, Inc. (OTCBB: CSKH), a leading developer and provider of solar power solutions, today announced the awarding of a 150kW solar contract through its newly established partnership in Greece with Larissa-based, Aspen Energy. This project is valued at approximately US $1 million.
“The key in any good clean energy relationship is having local knowledge and combining that with technical expertise and efficiency; that’s exactly the type of partnership Clear Skies and Aspen Energy are bringing to the Greek solar industry,” said Clear Skies Solar Chairman and CEO, Ezra Green. “There’s no question, Greece is one of the most progressive ‘solar-minded’ countries today. Their current environment of available grants and favorable feed-in tariffs, presented a great opportunity for Clear Skies. We fully expect that this 150kW contract will be the first of many great solar energy opportunities in the region.”
This contract covers a 150kW project which will consist of a ground mounted system covering approximately 1-acre and is expected to generate approximately 180,000 kW hours of electricity per year. It will prevent 176,000 pounds of carbon dioxide emissions per year and, with financing pre-arranged, the anticipated start date is early October pending final permitting.
About Clear Skies Solar
Clear Skies Solar, Inc. (CSS), through its wholly owned subsidiary, provides full-service renewable energy solutions to commercial, industrial, and agricultural clients domestically and internationally. CSS was incorporated in 2003 and launched formal operations in 2005. During that time period, CSS developed its proprietary systems, obtained licenses and certifications, and acquired technologies that could maximize the impact of its construction expertise on the renewable energy sector. CSS has become one of the premier solar electric installation companies in the country. For more information about CSS, visit www.ClearSkiesSolar.com.
Forward-Looking Statement Disclaimer
Statements in this press release that are not statements of historical or current fact constitute "forward-looking statements." Such forward-looking statements involve known and unknown risks, uncertainties and other unknown factors that could cause the Company's actual operating results to be materially different from any historical results or from any future results expressed or implied by such forward-looking statements. In addition to statements that explicitly describe these risks and uncertainties, readers are urged to consider statements that contain terms such as "believes," "belief," "expects," "expect," "intends," "intend," "anticipate," "anticipates," "plans," "plan," to be uncertain and forward-looking. The forward-looking statements contained herein are also subject generally to other risks and uncertainties that are described from time to time in the Company's filings with Securities and Exchange Commission.
Clear Skies Holdings, Inc. is a featured Company on Investorideas.com Green portals.
For full details, click here: http://www.renewableenergystocks.com/CO/CSG/Default.asp
Contact:
For Clear Skies Solar, Inc.
Media Inquiries:
Laura Finlayson, 201-488-0049
laura@avalanchepr.com
or
PR Financial Marketing
Investor Relations:
Jim Blackman, 713-256-0369
jim@prfmonline.com
Source: Clear Skies Solar, Inc.
LDK Solar Reports Financial Results for the Second Quarter 2008-Net sales for the second quarter of fiscal 2008 were $441.7 million, up 89.2% from $
XINYU CITY, China and SUNNYVALE, Calif., Aug. 11 /2008 -- LDK Solar Co., Ltd. (NYSE: LDK), a leading manufacturer of solar wafers, today reported its unaudited financial results for the second quarter ended June 30, 2008.
All financial results are reported in U.S. dollars on a U.S. GAAP basis.
Second Quarter 2008 Financial Highlights: -- Revenue of $441.7 million, up 89.2% quarter-over-quarter; -- Annualized wafer production capacity reached 880 MW by end of June; -- Signed nine long-term wafer supply agreements year-to-date; -- Total wafer shipments increased 60.8% to 191.7 MW during the quarter; and -- Gross profit margin for the quarter was 25.4%.
Net sales for the second quarter of fiscal 2008 were $441.7 million, up 89.2% from $233.4 million for the first quarter of fiscal 2008, and up 345.9% year-over-year from $99.1 million for the second quarter of fiscal 2007.
Gross profit for the second quarter of fiscal 2008 was $112.3 million, up 73.9% from $64.6 million for the first quarter of fiscal 2008, and up 221.8% year-over-year from $34.9 million for the second quarter of fiscal 2007. Gross profit margin for the second quarter of fiscal 2008 was 25.4% compared with 27.7% in the first quarter of fiscal 2008 and 35.2% in the second quarter of fiscal 2007. Operating profit for the second quarter of fiscal 2008 was $100.3 million, up 90.9% from $52.5 million for the first quarter of fiscal 2008, and up 225.4% year-over-year from $30.8 million for the second quarter of fiscal 2007. Operating profit margin for the second quarter of fiscal 2008 was 22.7% compared with 22.5% in the first quarter of fiscal 2008 and 31.1% in the second quarter of fiscal 2007.
Income tax expense for the second quarter of fiscal 2008 was $13.3 million. One of our operating subsidiaries in the PRC, after the first two years of exemptions, is now subject to the tax rate of 12.5% under the PRC Enterprise Income Tax Law that became effective on January 1, 2008.
Net income for the second quarter of fiscal 2008 was $149.5 million, or $1.29 per diluted ADS, compared to net income of $49.8 million, or $0.45 per diluted ADS for the first quarter of fiscal 2008.
LDK Solar ended the second quarter of fiscal 2008 with $83.7 million in cash and cash equivalents and with $261.9 million in pledged bank deposits.
"We experienced substantial revenue growth during the second quarter as our wafer capacity expansion exceeded our expectations," stated Xiaofeng Peng, Chairman and CEO of LDK Solar. "We were also pleased to introduce our first Nova wafers using Upgraded Metallurgical Silicon (UMG), which began shipping to certain customers, ahead of schedule during the quarter. Customer demand remains strong and we have signed nine long-term wafer supply agreements year-to-date, further diversifying our customer base. In response to our sales backlog, we are again raising our target annualized capacity to 1.2 GW by the end of 2008, 2.2 GW by the end of 2009 and 3.2 GW by the end of 2010."
"We are pleased with our continued success of executing our growth strategies. In addition to our wafer capacity expansion, tremendous progress has been made to date on the construction of our polysilicon plants and the project remains on schedule," concluded Mr. Peng.
Business Outlook
The following statements are based upon management's current expectations. These statements are forward-looking in nature, and the actual results may differ materially. You should read the "Safe Harbor Statement" below with respect to the risks and uncertainties relating to these forward-looking statements.
For the third quarter of fiscal 2008, LDK Solar estimates its revenue to be in the range of $486 million to $496 million with wafer shipments between 210 MW to 220 MW. LDK Solar also updated its outlook for the full year of fiscal 2008. For the full year of fiscal 2008, LDK Solar currently estimates:
-- Revenue to be in the range of $1.65 billion to $1.75 billion; -- Wafer shipments in the range of 750 MW to 770 MW; -- Gross margin in the range of 23% to 28%; and -- Annualized wafer production capacity to be 1.2 GW by the end of 2008.
Conference Call Details
The LDK Solar Second Quarter 2008 teleconference and webcast is scheduled to begin at 5:00 p.m. Eastern Time (ET), on Monday, August 11, 2008. To listen to the live conference call, please dial 800-366-3908 (within U.S.) or 303-205-0033 (outside U.S.) at 4:50 p.m. ET on August 11, 2008. An audio replay of the call will be available to investors through August 14, 2008, by dialing 800-405-2236 (within U.S.) or 303-590-3000 (outside U.S.) and entering the passcode 11117794#.
LDK Solar Co., Ltd. Unaudited Condensed Consolidated Balance Sheet Information (In US$'000, except share and per share data)
6/30/2008 3/31/2008 Assets Current assets Cash and cash equivalents 83,742 93,705 Pledged bank deposits 261,934 142,086 Trade accounts receivable, net 34,964 8,905 Inventories, net 656,202 519,594 Prepayments to suppliers 253,806 206,330 Other current assets 48,830 39,187 Deferred income tax assets 1,307 658 Total current assets 1,340,785 1,010,465 Property, plant and equipment, net 705,784 501,078 Deposit for property, plant and equipments 222,400 200,725 Intangible asset, net 1,103 1,109 Land use rights 78,946 64,612 Inventories to be processed beyond one year, net 10,529 21,401 Prepayments to suppliers to be utilized beyond one year 20,538 20,534 Pledged bank deposits - non-current 33,444 30,020 Convertible senior notes issuance costs 10,530 - Other financial assets 3,196 2,794 Deferred income tax assets 596 368 Total assets 2,427,851 1,853,106
Liabilities and shareholders' equity Current liabilities Short-term bank borrowings 375,634 313,933 Trade accounts payable 67,003 37,465 Advance payments from customers 242,962 231,089 Accrued expenses and other payables 166,994 137,525 Income tax payable 5,293 4,466 Other financial liabilities 6,213 7,577 Total current liabilities 864,099 732,055 Long-term bank borrowings, excluding current portions 99,158 37,795 Convertible senior notes 400,000 - Advance payments from customers - non-current 364,706 301,313 Other liabilities 2,252 2,164 Total liabilities 1,730,215 1,073,327 Shareholders' equity
Ordinary shares: US$0.10 par value; 499,580,000 shares authorized; 106,478,033 shares issued and outstanding as of June 30, 2008 and March 31, 2008 10,648 10,648 Additional paid-in capital 238,555 494,358 Statutory reserve 18,697 18,697 Accumulated other comprehensive income 84,340 60,214 Retained earnings 345,396 195,862 Total shareholders' equity 697,636 779,779
Total liabilities and shareholders' equity 2,427,851 1,853,106
LDK Solar Co., Ltd. Unaudited Condensed Consolidated Income Statement Information (In US$'000, except per ADS data)
For the 3 Months Ended 6/30/2008 3/31/2008
Net sales 441,665 233,399
Cost of goods sold (329,372) (168,831) Gross profit 112,293 64,568 Selling expenses (599) (481) General and administrative expenses (10,956) (11,185) Research and development expenses (437) (371) Total operating expenses (11,992) (12,037) Income from operations 100,301 52,531 Other income/(expenses): Interest income 1,698 1,326 Interest expense (10,197) (5,254) Foreign currency exchange gain, net 5,823 5,339 Government subsidy 4,347 4,521 Change in fair value of prepaid forward contracts 60,028 - Others 856 (126) Income before income tax 162,856 58,337 Income tax (expenses)/benefit (13,322) (8,511) Net income available to ordinary shareholders 149,534 49,826
Net income per ADS, Diluted $1.29 $0.45
About LDK Solar
LDK Solar Co., Ltd. is a leading manufacturer of solar wafers, which are the principal raw material used to produce solar cells. LDK Solar sells wafers globally to manufacturers of photovoltaic products, including solar cells and solar modules. In addition, LDK Solar provides wafer processing services to solar cell and module manufacturers. LDK Solar's headquarters and manufacturing facilities are located in Hi-Tech Industrial Park, Xinyu City, Jiangxi Province in the People's Republic of China. Its office in the United States is located in Sunnyvale, California.
Safe Harbor Statement
This press release contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact in this announcement are forward-looking statements, including but not limited to, LDK Solar's ability to raise additional capital to finance its activities; the effectiveness, profitability, and marketability of its products; the future trading of its securities; its ability to operate as a public company; the period of time for which its current liquidity will enable it to fund its operations; its ability to protect its proprietary information; general economic and business conditions; the volatility of its operating results and financial condition; its ability to attract or retain qualified senior management personnel and research and development staff; and other risks detailed in LDK Solar's filings with the Securities and Exchange Commission. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations, assumptions, estimates and projections about LDK Solar and the industry. These statements are based upon information available to LDK Solar's management as of the date hereof. Actual results may differ materially from the anticipated results because of certain risks and uncertainties. This press release also contains forward looking statements about the progress of LDK Solar's construction of its polysilicon plant. These statements are based on information available to its management today. Actual results may differ, including various factors which may delay or disrupt the plant's construction and completion, including, poor weather, the risk of labor difficulties, construction difficulties or financing difficulties.
LDK Solar undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although LDK Solar believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that its expectations will turn out to be correct, and investors are cautioned that actual results may differ materially from the anticipated results.
All financial results are reported in U.S. dollars on a U.S. GAAP basis.
Second Quarter 2008 Financial Highlights: -- Revenue of $441.7 million, up 89.2% quarter-over-quarter; -- Annualized wafer production capacity reached 880 MW by end of June; -- Signed nine long-term wafer supply agreements year-to-date; -- Total wafer shipments increased 60.8% to 191.7 MW during the quarter; and -- Gross profit margin for the quarter was 25.4%.
Net sales for the second quarter of fiscal 2008 were $441.7 million, up 89.2% from $233.4 million for the first quarter of fiscal 2008, and up 345.9% year-over-year from $99.1 million for the second quarter of fiscal 2007.
Gross profit for the second quarter of fiscal 2008 was $112.3 million, up 73.9% from $64.6 million for the first quarter of fiscal 2008, and up 221.8% year-over-year from $34.9 million for the second quarter of fiscal 2007. Gross profit margin for the second quarter of fiscal 2008 was 25.4% compared with 27.7% in the first quarter of fiscal 2008 and 35.2% in the second quarter of fiscal 2007. Operating profit for the second quarter of fiscal 2008 was $100.3 million, up 90.9% from $52.5 million for the first quarter of fiscal 2008, and up 225.4% year-over-year from $30.8 million for the second quarter of fiscal 2007. Operating profit margin for the second quarter of fiscal 2008 was 22.7% compared with 22.5% in the first quarter of fiscal 2008 and 31.1% in the second quarter of fiscal 2007.
Income tax expense for the second quarter of fiscal 2008 was $13.3 million. One of our operating subsidiaries in the PRC, after the first two years of exemptions, is now subject to the tax rate of 12.5% under the PRC Enterprise Income Tax Law that became effective on January 1, 2008.
Net income for the second quarter of fiscal 2008 was $149.5 million, or $1.29 per diluted ADS, compared to net income of $49.8 million, or $0.45 per diluted ADS for the first quarter of fiscal 2008.
LDK Solar ended the second quarter of fiscal 2008 with $83.7 million in cash and cash equivalents and with $261.9 million in pledged bank deposits.
"We experienced substantial revenue growth during the second quarter as our wafer capacity expansion exceeded our expectations," stated Xiaofeng Peng, Chairman and CEO of LDK Solar. "We were also pleased to introduce our first Nova wafers using Upgraded Metallurgical Silicon (UMG), which began shipping to certain customers, ahead of schedule during the quarter. Customer demand remains strong and we have signed nine long-term wafer supply agreements year-to-date, further diversifying our customer base. In response to our sales backlog, we are again raising our target annualized capacity to 1.2 GW by the end of 2008, 2.2 GW by the end of 2009 and 3.2 GW by the end of 2010."
"We are pleased with our continued success of executing our growth strategies. In addition to our wafer capacity expansion, tremendous progress has been made to date on the construction of our polysilicon plants and the project remains on schedule," concluded Mr. Peng.
Business Outlook
The following statements are based upon management's current expectations. These statements are forward-looking in nature, and the actual results may differ materially. You should read the "Safe Harbor Statement" below with respect to the risks and uncertainties relating to these forward-looking statements.
For the third quarter of fiscal 2008, LDK Solar estimates its revenue to be in the range of $486 million to $496 million with wafer shipments between 210 MW to 220 MW. LDK Solar also updated its outlook for the full year of fiscal 2008. For the full year of fiscal 2008, LDK Solar currently estimates:
-- Revenue to be in the range of $1.65 billion to $1.75 billion; -- Wafer shipments in the range of 750 MW to 770 MW; -- Gross margin in the range of 23% to 28%; and -- Annualized wafer production capacity to be 1.2 GW by the end of 2008.
Conference Call Details
The LDK Solar Second Quarter 2008 teleconference and webcast is scheduled to begin at 5:00 p.m. Eastern Time (ET), on Monday, August 11, 2008. To listen to the live conference call, please dial 800-366-3908 (within U.S.) or 303-205-0033 (outside U.S.) at 4:50 p.m. ET on August 11, 2008. An audio replay of the call will be available to investors through August 14, 2008, by dialing 800-405-2236 (within U.S.) or 303-590-3000 (outside U.S.) and entering the passcode 11117794#.
LDK Solar Co., Ltd. Unaudited Condensed Consolidated Balance Sheet Information (In US$'000, except share and per share data)
6/30/2008 3/31/2008 Assets Current assets Cash and cash equivalents 83,742 93,705 Pledged bank deposits 261,934 142,086 Trade accounts receivable, net 34,964 8,905 Inventories, net 656,202 519,594 Prepayments to suppliers 253,806 206,330 Other current assets 48,830 39,187 Deferred income tax assets 1,307 658 Total current assets 1,340,785 1,010,465 Property, plant and equipment, net 705,784 501,078 Deposit for property, plant and equipments 222,400 200,725 Intangible asset, net 1,103 1,109 Land use rights 78,946 64,612 Inventories to be processed beyond one year, net 10,529 21,401 Prepayments to suppliers to be utilized beyond one year 20,538 20,534 Pledged bank deposits - non-current 33,444 30,020 Convertible senior notes issuance costs 10,530 - Other financial assets 3,196 2,794 Deferred income tax assets 596 368 Total assets 2,427,851 1,853,106
Liabilities and shareholders' equity Current liabilities Short-term bank borrowings 375,634 313,933 Trade accounts payable 67,003 37,465 Advance payments from customers 242,962 231,089 Accrued expenses and other payables 166,994 137,525 Income tax payable 5,293 4,466 Other financial liabilities 6,213 7,577 Total current liabilities 864,099 732,055 Long-term bank borrowings, excluding current portions 99,158 37,795 Convertible senior notes 400,000 - Advance payments from customers - non-current 364,706 301,313 Other liabilities 2,252 2,164 Total liabilities 1,730,215 1,073,327 Shareholders' equity
Ordinary shares: US$0.10 par value; 499,580,000 shares authorized; 106,478,033 shares issued and outstanding as of June 30, 2008 and March 31, 2008 10,648 10,648 Additional paid-in capital 238,555 494,358 Statutory reserve 18,697 18,697 Accumulated other comprehensive income 84,340 60,214 Retained earnings 345,396 195,862 Total shareholders' equity 697,636 779,779
Total liabilities and shareholders' equity 2,427,851 1,853,106
LDK Solar Co., Ltd. Unaudited Condensed Consolidated Income Statement Information (In US$'000, except per ADS data)
For the 3 Months Ended 6/30/2008 3/31/2008
Net sales 441,665 233,399
Cost of goods sold (329,372) (168,831) Gross profit 112,293 64,568 Selling expenses (599) (481) General and administrative expenses (10,956) (11,185) Research and development expenses (437) (371) Total operating expenses (11,992) (12,037) Income from operations 100,301 52,531 Other income/(expenses): Interest income 1,698 1,326 Interest expense (10,197) (5,254) Foreign currency exchange gain, net 5,823 5,339 Government subsidy 4,347 4,521 Change in fair value of prepaid forward contracts 60,028 - Others 856 (126) Income before income tax 162,856 58,337 Income tax (expenses)/benefit (13,322) (8,511) Net income available to ordinary shareholders 149,534 49,826
Net income per ADS, Diluted $1.29 $0.45
About LDK Solar
LDK Solar Co., Ltd. is a leading manufacturer of solar wafers, which are the principal raw material used to produce solar cells. LDK Solar sells wafers globally to manufacturers of photovoltaic products, including solar cells and solar modules. In addition, LDK Solar provides wafer processing services to solar cell and module manufacturers. LDK Solar's headquarters and manufacturing facilities are located in Hi-Tech Industrial Park, Xinyu City, Jiangxi Province in the People's Republic of China. Its office in the United States is located in Sunnyvale, California.
Safe Harbor Statement
This press release contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact in this announcement are forward-looking statements, including but not limited to, LDK Solar's ability to raise additional capital to finance its activities; the effectiveness, profitability, and marketability of its products; the future trading of its securities; its ability to operate as a public company; the period of time for which its current liquidity will enable it to fund its operations; its ability to protect its proprietary information; general economic and business conditions; the volatility of its operating results and financial condition; its ability to attract or retain qualified senior management personnel and research and development staff; and other risks detailed in LDK Solar's filings with the Securities and Exchange Commission. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations, assumptions, estimates and projections about LDK Solar and the industry. These statements are based upon information available to LDK Solar's management as of the date hereof. Actual results may differ materially from the anticipated results because of certain risks and uncertainties. This press release also contains forward looking statements about the progress of LDK Solar's construction of its polysilicon plant. These statements are based on information available to its management today. Actual results may differ, including various factors which may delay or disrupt the plant's construction and completion, including, poor weather, the risk of labor difficulties, construction difficulties or financing difficulties.
LDK Solar undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although LDK Solar believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that its expectations will turn out to be correct, and investors are cautioned that actual results may differ materially from the anticipated results.
Wednesday, July 30, 2008
Renewable Energy Stocks Sector Close-Up on Solar Stocks; “Solar Stocks - Looking for a Bottom?”
Renewable Energy Stocks Sector Close-Up on Solar Stocks; “Solar Stocks - Looking for a Bottom?”
POINT ROBERTS, WA and DELTA, BC—July 30, 2008 -- www.RenewableEnergyStocks.com,
a leading investor news and research portal for the renewable energy sector within Investorideas.com, presents a sector close-up on solar stocks with insight from solar expert J. Peter Lynch in his recent commentary, “Solar Stocks - Looking for a Bottom?” Solar stocks saw gains at the close of the market Tuesday with SunPower up 6.81% and Evergreen Solar Inc up 5.24%.
Renewable Energy Stocks solar expert, J. Peter Lynch noted,”One thing for sure, is that when they do turn up they will move just as fast to the upside as they have to the downside. So far to date, their higher volatility has worked BOTH ways.”
He also went on to say, “This is just the beginning of the birth of the renewable energy industry. The renewable energy industry is at the same stage now as the automobile industry was in 1900.”
Renewable and Solar Energy Perspectives with J. Peter Lynch:
http://www.renewableenergystocks.com/PL/
Sector Close-Up as of Trading July 29, 2008:
SunPower Corporation (Market, News ) closed up on the day at 77.13 USD, up $4.92 (6.81%).
First Solar, Inc. (Market, News) closed at $277.57 USD, up $10.67 (4.00%).
Akeena Solar Inc. (NASDAQ:AKNS) closed at $4.61 USD, up $0.19 (4.30%).
Evergreen Solar Inc (Market, News) ended at $9.24 USD, up 0.46 (5.24%).
LDK Solar ADR (Market, News) finished at $34.99 USD, up $2.29 (7.00%).
Clear Skies Solar, Inc. (OTCBB: CSKH) closed the market at $0.90.
XsunX, Inc.: (OTCBB: XSNX) closed at $0.341 USD on volume of 339,000.
Ascent Solar Technologies Inc closed up 6.56% and then lost some of the gains in after market trading.
Arise Tech Corp (Market, News ) ended at $1.45 CAD, up (1.40%).
The Ardour Solar Energy Index (Market, News) closed at 5,077.68, up 1.49 (0.03%).
Tom Djokovich, CEO of XsunX, Inc. (OTCBB: XSNX) commented, “While many aspects of our economy may be scaling back, at XsunX we have continued to see growing interest in our thin film solar modules. Whether from utilities looking to offset the need to build more coal and gas fired power plants, or the deployment of acres of commercial rooftop solar systems to implement distributed power generation, the scope of solar use continues to rise. Opportunities for growth appear to be available just about everywhere the sun shines.”
Ezra Green, Chief Executive Officer and Chairman of Clear Skies Solar (OTCBB:CSKH) said, " We are seeing increasing demand for installations of solar energy systems, as evidenced by our announcement of a contract with Mc Gowan Builders, Inc. (MBG) to install a solar energy system at the company’s new headquarters in East Rutherford, NJ."
For investors following solar stocks, the RenewableEnergyStocks.com website provides a comprehensive list of photovoltaic and solar stocks to research.
Featured Showcase Solar Company: Clear Skies Solar, Inc. (OTCBB: CSKH).
Clear Skies Solar, Inc. (CSS), through its wholly owned subsidiary, provides full-service renewable energy solutions to commercial, industrial, and agricultural clients across the country. CSS was incorporated in 2003 and launched formal operations in 2005. During that time period, CSS developed its proprietary systems, obtained licenses and certifications, and acquired technologies that could maximize the impact of its construction expertise on the renewable energy sector.
CSS has become one of the premier solar electric installation companies in the country. More info can be found on the Investorideas.com Company Showcase http://www.investorideas.com/CO/CSG/
or the company website at www.clearskiesgroup.com.
Featured Showcase Solar Company XsunX: (OTCBB: XSNX)
Based in Aliso Viejo, Calif., XsunX is developing amorphous silicon thin film photovoltaic (TFPV) solar cell manufacturing processes to produce TFPV solar modules. To deliver its products the Company has begun to build a multi- megawatt TFPV solar module production facility in the United States to meet the growing demand for solar cell products used in large scale commercial projects, utility power fields, and other on-grid applications. Employing a phased roll out of production capacity, it plans to grow manufacturing capacities to over 100 megawatts by 2010. More info on XsunX, Inc. can be found on our media profile at: http://www.investorideas.com/co/xsnx/default.asp or http://www.xsunx.com/ .
About Our Green Investor Portals:
www.RenewableEnergyStocks.com® is one of several green investor portals within Investorideas.com and provides investors with stock news, exclusive articles and financial columnists, audio interviews, investor conferences and a directory of stocks within the renewable energy sector.
Investorideas.com Green Investor Audio Series
http://www.investorideas.com/gi/
Disclaimer: Our sites do not make recommendations. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. We attempt to research thoroughly, but we offer no guarantees as to the accuracy of information presented. All Information relating to featured companies is sourced from public documents and/ or the company and is not the opinion of our web sites. This site is currently compensated by featured companies, news submissions and online advertising. Disclosure: XsunX and Clear Skies Holdings compensate the website $5000 per month. In addition CSKH has issued 100,000 options. More info:
www.InvestorIdeas.com/About/Disclaimer.asp
For more information contact:
Dawn Van Zant 800.665.0411
Email: dvanzant@investorideas.com
Source: RenewableEnergyStocks.com, XsunX, Clear Skies Solar
POINT ROBERTS, WA and DELTA, BC—July 30, 2008 -- www.RenewableEnergyStocks.com,
a leading investor news and research portal for the renewable energy sector within Investorideas.com, presents a sector close-up on solar stocks with insight from solar expert J. Peter Lynch in his recent commentary, “Solar Stocks - Looking for a Bottom?” Solar stocks saw gains at the close of the market Tuesday with SunPower up 6.81% and Evergreen Solar Inc up 5.24%.
Renewable Energy Stocks solar expert, J. Peter Lynch noted,”One thing for sure, is that when they do turn up they will move just as fast to the upside as they have to the downside. So far to date, their higher volatility has worked BOTH ways.”
He also went on to say, “This is just the beginning of the birth of the renewable energy industry. The renewable energy industry is at the same stage now as the automobile industry was in 1900.”
Renewable and Solar Energy Perspectives with J. Peter Lynch:
http://www.renewableenergystocks.com/PL/
Sector Close-Up as of Trading July 29, 2008:
SunPower Corporation (Market, News ) closed up on the day at 77.13 USD, up $4.92 (6.81%).
First Solar, Inc. (Market, News) closed at $277.57 USD, up $10.67 (4.00%).
Akeena Solar Inc. (NASDAQ:AKNS) closed at $4.61 USD, up $0.19 (4.30%).
Evergreen Solar Inc (Market, News) ended at $9.24 USD, up 0.46 (5.24%).
LDK Solar ADR (Market, News) finished at $34.99 USD, up $2.29 (7.00%).
Clear Skies Solar, Inc. (OTCBB: CSKH) closed the market at $0.90.
XsunX, Inc.: (OTCBB: XSNX) closed at $0.341 USD on volume of 339,000.
Ascent Solar Technologies Inc closed up 6.56% and then lost some of the gains in after market trading.
Arise Tech Corp (Market, News ) ended at $1.45 CAD, up (1.40%).
The Ardour Solar Energy Index (Market, News) closed at 5,077.68, up 1.49 (0.03%).
Tom Djokovich, CEO of XsunX, Inc. (OTCBB: XSNX) commented, “While many aspects of our economy may be scaling back, at XsunX we have continued to see growing interest in our thin film solar modules. Whether from utilities looking to offset the need to build more coal and gas fired power plants, or the deployment of acres of commercial rooftop solar systems to implement distributed power generation, the scope of solar use continues to rise. Opportunities for growth appear to be available just about everywhere the sun shines.”
Ezra Green, Chief Executive Officer and Chairman of Clear Skies Solar (OTCBB:CSKH) said, " We are seeing increasing demand for installations of solar energy systems, as evidenced by our announcement of a contract with Mc Gowan Builders, Inc. (MBG) to install a solar energy system at the company’s new headquarters in East Rutherford, NJ."
For investors following solar stocks, the RenewableEnergyStocks.com website provides a comprehensive list of photovoltaic and solar stocks to research.
Featured Showcase Solar Company: Clear Skies Solar, Inc. (OTCBB: CSKH).
Clear Skies Solar, Inc. (CSS), through its wholly owned subsidiary, provides full-service renewable energy solutions to commercial, industrial, and agricultural clients across the country. CSS was incorporated in 2003 and launched formal operations in 2005. During that time period, CSS developed its proprietary systems, obtained licenses and certifications, and acquired technologies that could maximize the impact of its construction expertise on the renewable energy sector.
CSS has become one of the premier solar electric installation companies in the country. More info can be found on the Investorideas.com Company Showcase http://www.investorideas.com/CO/CSG/
or the company website at www.clearskiesgroup.com.
Featured Showcase Solar Company XsunX: (OTCBB: XSNX)
Based in Aliso Viejo, Calif., XsunX is developing amorphous silicon thin film photovoltaic (TFPV) solar cell manufacturing processes to produce TFPV solar modules. To deliver its products the Company has begun to build a multi- megawatt TFPV solar module production facility in the United States to meet the growing demand for solar cell products used in large scale commercial projects, utility power fields, and other on-grid applications. Employing a phased roll out of production capacity, it plans to grow manufacturing capacities to over 100 megawatts by 2010. More info on XsunX, Inc. can be found on our media profile at: http://www.investorideas.com/co/xsnx/default.asp or http://www.xsunx.com/ .
About Our Green Investor Portals:
www.RenewableEnergyStocks.com® is one of several green investor portals within Investorideas.com and provides investors with stock news, exclusive articles and financial columnists, audio interviews, investor conferences and a directory of stocks within the renewable energy sector.
Investorideas.com Green Investor Audio Series
http://www.investorideas.com/gi/
Disclaimer: Our sites do not make recommendations. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. We attempt to research thoroughly, but we offer no guarantees as to the accuracy of information presented. All Information relating to featured companies is sourced from public documents and/ or the company and is not the opinion of our web sites. This site is currently compensated by featured companies, news submissions and online advertising. Disclosure: XsunX and Clear Skies Holdings compensate the website $5000 per month. In addition CSKH has issued 100,000 options. More info:
www.InvestorIdeas.com/About/Disclaimer.asp
For more information contact:
Dawn Van Zant 800.665.0411
Email: dvanzant@investorideas.com
Source: RenewableEnergyStocks.com, XsunX, Clear Skies Solar
Tuesday, June 24, 2008
Renewable Energy Stocks Sector Close-Up on Solar Stocks; Solar Stocks on the Run
Renewable Energy Stocks Sector Close-Up on Solar Stocks; Solar Stocks on the Run
Raised Targets, Japan Reinstating Solar Subsidies and Technical Trading Incite Run
POINT ROBERTS, WA and DELTA, BC—June 24, 2008 -- www.RenewableEnergyStocks.com,
a leading investor news and research portal for the renewable energy sector within Investorideas.com, presents a sector close-up on solar stocks with commentary from solar expert J. Peter Lynch, Adam Krop, Vice President-Equity Research at Ardour Capital Investments and Robert Wilder, Manager of the WilderHill Clean Energy Index.
Solar stocks were given a boost as Lehman Brothers raised targets on Evergreen Solar Inc. and First Solar Inc. First Solar was up $19.78 (7.37%) on the day following Lehman’s analyst, Vishal Shah,
increasing his price target to $335 from $280.
Renewable Energy Stocks solar expert, J. Peter Lynch, commented, “Solar stocks are beginning to come back from their recent correction. About half of the stocks I follow have broken above their 50- day moving averages. If the tax credits get extended the whole sector will run up, but it will require a close eye and the ability to exit quickly if the extension fails.”
According to Adam Krop, Vice President-Equity Research at Ardour Capital Investments, LLC,
“In addition to Lehman upgrade, solar stocks are moving higher on chatter that Japan may be on the verge of reinstating solar subsidies to make up for lost market share in the past two and a half years.”
The Ardour Solar Energy Index (Market, News), a compilation of global solar energy stocks
in three primary solar energy sectors: Photovoltaics, Solar Thermal, and Solar Lighting was up $9.20 at the close.
Robert Wilder, Manager of the WilderHill Clean Energy Index (^ECO) noted, “One needn't look very far to see why several solar stocks have seen increasing valuations lately. With oil around unprecedented highs, Saudis unable to calm concerns they cannot make up for growing depletion of existing supply, natural gas demand outstripping supply, and coal costs rising to boot, there's an environment of new attention to alternatives.” Full quote click here: http://www.investorideas.com/Articles/062408.asp
"Solar could make up 10% of U.S. generation by 2025 according to a recent utility solar assessment study by Clean Edge and Co-op America. This kind of projection evidences the growth potential of the Solar Industry to its participants, and we feel privileged to be a part of it," said Tom Djokovich, CEO of XsunX, Inc. (OTCBB: XSNX).
Sector Close-Up as of Trading June 23, 2008:
First Solar, Inc. (Market, News) closed at $288.00 US, up $19.78 (7.37%) following Lehman’s upgrade.
Akeena Solar Inc. (NASDAQ:AKNS) was down $0.02 on the day but up in after markets $ 0.12 (2.06%).
Evergreen Solar Inc (Market, News) closed up 3.52%.
LDK Solar ADR (Market, News) increased $1.80 (4.80%) with additional gains after hours.
SunPower Corporation (Market, News ) had gains of $1.29 (1.59%).
Yingli Green Energy (Market, News) was down $0.48 (2.46%) with after market gains of$0.15 (0.79%).
Clear Skies Solar Inc. (OTCBB: CSKH) closed down $0.08.
XsunX: (OTCBB: XSNX) closed down $0.01 (1.27%).
ICP SOLAR (Market, News ) ended down$ 0.02 (3.23%).
WorldWater & Solar Technologies (Market, News) traded volume of 925,958.
For investors following solar stocks, the RenewableEnergyStocks.com website provides a comprehensive list of photovoltaic and solar stocks to research.
Coming soon to Investorideas.com - InvestorIdeas.com Green Investor:
Follow well- known financial columnist Michael Brush, who also writes the Insiders Corner for Investorideas.com, in a series of interviews with some of the leading CEOs, investment banking and financial leaders in the sector.
Featured Showcase Solar Company: Clear Skies Solar, Inc. (OTCBB: CSKH). Clear Skies Solar, Inc. (CSS) through its wholly owned subsidiary provides full-service renewable energy solutions to commercial, industrial, and agricultural clients across the country. CSS was incorporated in 2003 and launched formal operations in 2005. During that time period, CSS developed its proprietary systems, obtained licenses and certifications, and acquired technologies that could maximize the impact of its construction expertise on the renewable energy sector.
Leading the charge among the Clear Skies technologies is their patented XTRAXR, the first of its kind to handle the trading of carbon credits and its comprehensive billing procedures, designed and developed entirely by Clear Skies Group's in-house research and development department. XTRAXR will deliver reliable autonomous data readings for solar energy systems around the United States. Additionally, the XTRAXR system can also provide monitoring of energy production from wind, solar-thermal, geo-thermal, tidal and other types of facilities and installations that are fossil-fuel independent.
CSS has become one of the premier solar electric installation companies in the country. More info can be found on the Investorideas.com Company Showcase http://www.investorideas.com/CO/CSG/
or the company website at www.clearskiesgroup.com.
Featured Showcase Solar Company XsunX: (OTCBB: XSNX) Based in Aliso Viejo, Calif., XsunX is developing amorphous silicon thin film photovoltaic (TFPV) solar cell manufacturing processes to produce TFPV solar modules. To deliver its products the Company has begun to build a multi- megawatt TFPV solar module production facility in the United States to meet the growing demand for solar cell products used in large scale commercial projects, utility power fields, and other on-grid applications. Employing a phased roll out of production capacity, it plans to grow manufacturing capacities to over 100 megawatts by 2010. More info on XsunX, Inc. can be found on our media profile at: http://www.investorideas.com/co/xsnx/default.asp or http://www.xsunx.com/
About Our Green Investor Portals:
www.RenewableEnergyStocks.com® is one of several green investor portals within Investorideas.com and provides investors with stock news, exclusive articles and financial columnists, audio interviews, investor conferences and a directory of stocks within the renewable energy sector.
Disclaimer: Our sites do not make recommendations. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. We attempt to research thoroughly, but we offer no guarantees as to the accuracy of information presented. All Information relating to featured companies is sourced from public documents and/ or the company and is not the opinion of our web sites. This site is currently compensated by featured companies, news submissions and online advertising. Disclosure: XsunX and Clear Skies Holdings compensate the website $5000 per month. In addition CSKH has issued options. More info:
www.InvestorIdeas.com/About/Disclaimer.asp
For more information contact:
Dawn Van Zant 800.665.0411
Email: dvanzant@investorideas.com,
Source: RenewableEnergyStocks.com, WilderHill Clean Energy Index ,XsunX, Clear Skies Solar
Raised Targets, Japan Reinstating Solar Subsidies and Technical Trading Incite Run
POINT ROBERTS, WA and DELTA, BC—June 24, 2008 -- www.RenewableEnergyStocks.com,
a leading investor news and research portal for the renewable energy sector within Investorideas.com, presents a sector close-up on solar stocks with commentary from solar expert J. Peter Lynch, Adam Krop, Vice President-Equity Research at Ardour Capital Investments and Robert Wilder, Manager of the WilderHill Clean Energy Index.
Solar stocks were given a boost as Lehman Brothers raised targets on Evergreen Solar Inc. and First Solar Inc. First Solar was up $19.78 (7.37%) on the day following Lehman’s analyst, Vishal Shah,
increasing his price target to $335 from $280.
Renewable Energy Stocks solar expert, J. Peter Lynch, commented, “Solar stocks are beginning to come back from their recent correction. About half of the stocks I follow have broken above their 50- day moving averages. If the tax credits get extended the whole sector will run up, but it will require a close eye and the ability to exit quickly if the extension fails.”
According to Adam Krop, Vice President-Equity Research at Ardour Capital Investments, LLC,
“In addition to Lehman upgrade, solar stocks are moving higher on chatter that Japan may be on the verge of reinstating solar subsidies to make up for lost market share in the past two and a half years.”
The Ardour Solar Energy Index (Market, News), a compilation of global solar energy stocks
in three primary solar energy sectors: Photovoltaics, Solar Thermal, and Solar Lighting was up $9.20 at the close.
Robert Wilder, Manager of the WilderHill Clean Energy Index (^ECO) noted, “One needn't look very far to see why several solar stocks have seen increasing valuations lately. With oil around unprecedented highs, Saudis unable to calm concerns they cannot make up for growing depletion of existing supply, natural gas demand outstripping supply, and coal costs rising to boot, there's an environment of new attention to alternatives.” Full quote click here: http://www.investorideas.com/Articles/062408.asp
"Solar could make up 10% of U.S. generation by 2025 according to a recent utility solar assessment study by Clean Edge and Co-op America. This kind of projection evidences the growth potential of the Solar Industry to its participants, and we feel privileged to be a part of it," said Tom Djokovich, CEO of XsunX, Inc. (OTCBB: XSNX).
Sector Close-Up as of Trading June 23, 2008:
First Solar, Inc. (Market, News) closed at $288.00 US, up $19.78 (7.37%) following Lehman’s upgrade.
Akeena Solar Inc. (NASDAQ:AKNS) was down $0.02 on the day but up in after markets $ 0.12 (2.06%).
Evergreen Solar Inc (Market, News) closed up 3.52%.
LDK Solar ADR (Market, News) increased $1.80 (4.80%) with additional gains after hours.
SunPower Corporation (Market, News ) had gains of $1.29 (1.59%).
Yingli Green Energy (Market, News) was down $0.48 (2.46%) with after market gains of$0.15 (0.79%).
Clear Skies Solar Inc. (OTCBB: CSKH) closed down $0.08.
XsunX: (OTCBB: XSNX) closed down $0.01 (1.27%).
ICP SOLAR (Market, News ) ended down$ 0.02 (3.23%).
WorldWater & Solar Technologies (Market, News) traded volume of 925,958.
For investors following solar stocks, the RenewableEnergyStocks.com website provides a comprehensive list of photovoltaic and solar stocks to research.
Coming soon to Investorideas.com - InvestorIdeas.com Green Investor:
Follow well- known financial columnist Michael Brush, who also writes the Insiders Corner for Investorideas.com, in a series of interviews with some of the leading CEOs, investment banking and financial leaders in the sector.
Featured Showcase Solar Company: Clear Skies Solar, Inc. (OTCBB: CSKH). Clear Skies Solar, Inc. (CSS) through its wholly owned subsidiary provides full-service renewable energy solutions to commercial, industrial, and agricultural clients across the country. CSS was incorporated in 2003 and launched formal operations in 2005. During that time period, CSS developed its proprietary systems, obtained licenses and certifications, and acquired technologies that could maximize the impact of its construction expertise on the renewable energy sector.
Leading the charge among the Clear Skies technologies is their patented XTRAXR, the first of its kind to handle the trading of carbon credits and its comprehensive billing procedures, designed and developed entirely by Clear Skies Group's in-house research and development department. XTRAXR will deliver reliable autonomous data readings for solar energy systems around the United States. Additionally, the XTRAXR system can also provide monitoring of energy production from wind, solar-thermal, geo-thermal, tidal and other types of facilities and installations that are fossil-fuel independent.
CSS has become one of the premier solar electric installation companies in the country. More info can be found on the Investorideas.com Company Showcase http://www.investorideas.com/CO/CSG/
or the company website at www.clearskiesgroup.com.
Featured Showcase Solar Company XsunX: (OTCBB: XSNX) Based in Aliso Viejo, Calif., XsunX is developing amorphous silicon thin film photovoltaic (TFPV) solar cell manufacturing processes to produce TFPV solar modules. To deliver its products the Company has begun to build a multi- megawatt TFPV solar module production facility in the United States to meet the growing demand for solar cell products used in large scale commercial projects, utility power fields, and other on-grid applications. Employing a phased roll out of production capacity, it plans to grow manufacturing capacities to over 100 megawatts by 2010. More info on XsunX, Inc. can be found on our media profile at: http://www.investorideas.com/co/xsnx/default.asp or http://www.xsunx.com/
About Our Green Investor Portals:
www.RenewableEnergyStocks.com® is one of several green investor portals within Investorideas.com and provides investors with stock news, exclusive articles and financial columnists, audio interviews, investor conferences and a directory of stocks within the renewable energy sector.
Disclaimer: Our sites do not make recommendations. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. We attempt to research thoroughly, but we offer no guarantees as to the accuracy of information presented. All Information relating to featured companies is sourced from public documents and/ or the company and is not the opinion of our web sites. This site is currently compensated by featured companies, news submissions and online advertising. Disclosure: XsunX and Clear Skies Holdings compensate the website $5000 per month. In addition CSKH has issued options. More info:
www.InvestorIdeas.com/About/Disclaimer.asp
For more information contact:
Dawn Van Zant 800.665.0411
Email: dvanzant@investorideas.com,
Source: RenewableEnergyStocks.com, WilderHill Clean Energy Index ,XsunX, Clear Skies Solar
Thursday, June 12, 2008
Renewable Energy Stocks Close-Up; The Carbon Footprint of Solar Stocks
Renewable Energy Stocks Close-Up; The Carbon Footprint of Solar Stocks
"PV Technologies Generate Far Less Life-Cycle Air Emissions Than Conventional Fossil-Fuel-Based Electricity Generation Technologies"
POINT ROBERTS, WA and DELTA, BC---Jun 12, 2008 -- www.RenewableEnergyStocks.com, a leading investor news and research portal for the renewable energy sector within Investorideas.com, presents a sector close-up on solar stocks and their environmental impact.With the controversy faced over Ethanol stocks, investors can gain insight into their green portfolio of solar stocks.
RenewableEnergyStocks.com reports on environmental concerns associated with solar technology and how the industry is responding, featuring XsunX, Inc. (OTC BB:XSNX.OB - News) and First Solar.
The US Department of Energy reports, "Modern solar electric power-generation systems such as photovoltaics (or PV) are some of the most elegant and environmentally benign energy systems ever invented."
Quoting a report published in January 2008, 'Emissions from Photovoltaic Life Cycles,' "Photovoltaic (PV) technologies have shown remarkable progress recently in terms of annual production capacity and life-cycle environmental performances, which necessitate timely updates of environmental indicators." The report further states, "Overall, all PV technologies generate far less life-cycle air emissions per GWh than conventional fossil-fuel-based electricity generation technologies. At least 89% of air emissions associated with electricity generation could be prevented if electricity from photovoltaics displaces electricity from the grid."
Source: http://pubs.acs.org/cgi-bin/abstract.cgi/esthag/2008/42/i06/abs/es071763q.html
Keeping tabs on life-cycle emissions of carbon, chemicals and heavy metals used in products is nothing new, but the trend now appears to be accelerating which may force some "Green" technologies such as solar PV to revisit their environmental impact and overall carbon and environmental footprint.
Tom Djokovich, CEO, of XsunX, Inc. (OTC BB:XSNX.OB - News), a solar technology company engaged in the build-out of its multi-megawatt amorphous silicon thin film photovoltaic (TFPV) solar module manufacturing facilities, reports, "There's a growing interest within the sustainable energy industry in developing green credentials across the entire footprint of your brand. Here at XsunX we're working to balance our industrial manufacturing needs and product designs to minimize our impact on the environment we're working to improve."
He continued, "With XsunX, about half of the power our new 25 mega watt solar module manufacturing plant will use comes from renewable energy in the Pacific Northwest, we are recycling an existing building and numerous pieces of support equipment so as not to waste resources and the design of our thin film amorphous solar module does not transfer any toxic materials into the product or environment unlike the heavy metal concerns addressing some of the other module manufacturers in the industry."
As evidence of the growth in accessing long term environmental impact between various solar technologies the January 2008, 'Emissions from Photovoltaic Life Cycles,' report presents a comparative analysis between four PV technologies, "Based on PV production data of 2004-2006, this study presents the life-cycle greenhouse gas emissions, criteria pollutant emissions, and heavy metal emissions from four types of major commercial PV systems: multicrystalline silicon, monocrystalline silicon, ribbon silicon, and thin-film cadmium telluride. Life-cycle emissions were determined by employing average electricity mixtures in Europe and the United States during the materials and module production for each PV system. Among the current vintage of PV technologies, thin-film cadmium telluride (CdTe) PV emits the least amount of harmful air emissions as it requires the least amount of energy during the module production. However, the differences in the emissions between different PV technologies are very small in comparison to the emissions from conventional energy technologies that PV could displace."
Companies that make cadmium-telluride solar cells include Q-Cells and First Solar. According to First Solar's website, "First Solar's advanced CdTe technology is instrumental in accomplishing our environmental mission. CdTe is uniquely capable of producing low cost solar modules, making widespread, cost-effective solar electricity a reality. Its physical properties are optimal for converting sunlight into electricity, resulting in highly efficient photovoltaics with thin (< 3 micron) semiconductor layers. CdTe is a robust material with the demonstrated capacity for high volume, low cost production."
Policies related to the introduction of heavy metals and other hazardous chemicals into the environment differ from region to region with the European Union adopting some of the most stringent guidelines. The Restriction of Hazardous Substances Directive (RoHS) effective in July 2006, in the European Union has attracted concern about its impact on some of the companies in the sector. The restriction mandates a maximum content of 0.1wt % lead (Pb) and 0.01 wt % cadmium (Cd) is allowed in homogeneous materials. The restrictions currently exempt the solar industry but there is a push for the reduction or substitution of the heavy-metal content in the Photovoltaic market in the EU to maintain its green image.
Investors following solar stocks can research the sector using the Renewableenergystocks.com stock directory and also read recent and past columns by on-site solar expert, J. Peter Lynch.
Featured Solar Showcase Company:
Solar Company XsunX, (OTC BB:XSNX.OB - News) is developing amorphous silicon thin film photovoltaic (TFPV) solar cell manufacturing processes to produce TFPV solar modules. Visit Media showcase: http://www.investorideas.com/co/xsnx/default.asp or http://www.xsunx.com
About Our Green Investor Portals:
www.RenewableEnergyStocks.com® is one of several green investor portals within Investorideas.com and provides investors with stock news, exclusive articles and financial columnists, audio interviews, investor conferences, Blogs, and a directory of stocks.
Disclaimer: Our sites do not make recommendations. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. We attempt to research thoroughly, but we offer no guarantees as to the accuracy of information presented. All Information relating to featured companies is sourced from public documents and/ or the company and is not the opinion of our web sites. For disclosure purposes, the site is currently compensated by featured showcase companies, news submissions and online advertising. XsunX solar showcase company compensates the website $5000 per month http://www.investorideas.com/About/Disclaimer.asp.
Contact: For more information contact: Dawn Van Zant 800.665.0411 Email: Email Contact
Source: Investorideas.com; RenewableEnergyStocks.com; XsunX
"PV Technologies Generate Far Less Life-Cycle Air Emissions Than Conventional Fossil-Fuel-Based Electricity Generation Technologies"
POINT ROBERTS, WA and DELTA, BC---Jun 12, 2008 -- www.RenewableEnergyStocks.com, a leading investor news and research portal for the renewable energy sector within Investorideas.com, presents a sector close-up on solar stocks and their environmental impact.With the controversy faced over Ethanol stocks, investors can gain insight into their green portfolio of solar stocks.
RenewableEnergyStocks.com reports on environmental concerns associated with solar technology and how the industry is responding, featuring XsunX, Inc. (OTC BB:XSNX.OB - News) and First Solar.
The US Department of Energy reports, "Modern solar electric power-generation systems such as photovoltaics (or PV) are some of the most elegant and environmentally benign energy systems ever invented."
Quoting a report published in January 2008, 'Emissions from Photovoltaic Life Cycles,' "Photovoltaic (PV) technologies have shown remarkable progress recently in terms of annual production capacity and life-cycle environmental performances, which necessitate timely updates of environmental indicators." The report further states, "Overall, all PV technologies generate far less life-cycle air emissions per GWh than conventional fossil-fuel-based electricity generation technologies. At least 89% of air emissions associated with electricity generation could be prevented if electricity from photovoltaics displaces electricity from the grid."
Source: http://pubs.acs.org/cgi-bin/abstract.cgi/esthag/2008/42/i06/abs/es071763q.html
Keeping tabs on life-cycle emissions of carbon, chemicals and heavy metals used in products is nothing new, but the trend now appears to be accelerating which may force some "Green" technologies such as solar PV to revisit their environmental impact and overall carbon and environmental footprint.
Tom Djokovich, CEO, of XsunX, Inc. (OTC BB:XSNX.OB - News), a solar technology company engaged in the build-out of its multi-megawatt amorphous silicon thin film photovoltaic (TFPV) solar module manufacturing facilities, reports, "There's a growing interest within the sustainable energy industry in developing green credentials across the entire footprint of your brand. Here at XsunX we're working to balance our industrial manufacturing needs and product designs to minimize our impact on the environment we're working to improve."
He continued, "With XsunX, about half of the power our new 25 mega watt solar module manufacturing plant will use comes from renewable energy in the Pacific Northwest, we are recycling an existing building and numerous pieces of support equipment so as not to waste resources and the design of our thin film amorphous solar module does not transfer any toxic materials into the product or environment unlike the heavy metal concerns addressing some of the other module manufacturers in the industry."
As evidence of the growth in accessing long term environmental impact between various solar technologies the January 2008, 'Emissions from Photovoltaic Life Cycles,' report presents a comparative analysis between four PV technologies, "Based on PV production data of 2004-2006, this study presents the life-cycle greenhouse gas emissions, criteria pollutant emissions, and heavy metal emissions from four types of major commercial PV systems: multicrystalline silicon, monocrystalline silicon, ribbon silicon, and thin-film cadmium telluride. Life-cycle emissions were determined by employing average electricity mixtures in Europe and the United States during the materials and module production for each PV system. Among the current vintage of PV technologies, thin-film cadmium telluride (CdTe) PV emits the least amount of harmful air emissions as it requires the least amount of energy during the module production. However, the differences in the emissions between different PV technologies are very small in comparison to the emissions from conventional energy technologies that PV could displace."
Companies that make cadmium-telluride solar cells include Q-Cells and First Solar. According to First Solar's website, "First Solar's advanced CdTe technology is instrumental in accomplishing our environmental mission. CdTe is uniquely capable of producing low cost solar modules, making widespread, cost-effective solar electricity a reality. Its physical properties are optimal for converting sunlight into electricity, resulting in highly efficient photovoltaics with thin (< 3 micron) semiconductor layers. CdTe is a robust material with the demonstrated capacity for high volume, low cost production."
Policies related to the introduction of heavy metals and other hazardous chemicals into the environment differ from region to region with the European Union adopting some of the most stringent guidelines. The Restriction of Hazardous Substances Directive (RoHS) effective in July 2006, in the European Union has attracted concern about its impact on some of the companies in the sector. The restriction mandates a maximum content of 0.1wt % lead (Pb) and 0.01 wt % cadmium (Cd) is allowed in homogeneous materials. The restrictions currently exempt the solar industry but there is a push for the reduction or substitution of the heavy-metal content in the Photovoltaic market in the EU to maintain its green image.
Investors following solar stocks can research the sector using the Renewableenergystocks.com stock directory and also read recent and past columns by on-site solar expert, J. Peter Lynch.
Featured Solar Showcase Company:
Solar Company XsunX, (OTC BB:XSNX.OB - News) is developing amorphous silicon thin film photovoltaic (TFPV) solar cell manufacturing processes to produce TFPV solar modules. Visit Media showcase: http://www.investorideas.com/co/xsnx/default.asp or http://www.xsunx.com
About Our Green Investor Portals:
www.RenewableEnergyStocks.com® is one of several green investor portals within Investorideas.com and provides investors with stock news, exclusive articles and financial columnists, audio interviews, investor conferences, Blogs, and a directory of stocks.
Disclaimer: Our sites do not make recommendations. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. We attempt to research thoroughly, but we offer no guarantees as to the accuracy of information presented. All Information relating to featured companies is sourced from public documents and/ or the company and is not the opinion of our web sites. For disclosure purposes, the site is currently compensated by featured showcase companies, news submissions and online advertising. XsunX solar showcase company compensates the website $5000 per month http://www.investorideas.com/About/Disclaimer.asp.
Contact: For more information contact: Dawn Van Zant 800.665.0411 Email: Email Contact
Source: Investorideas.com; RenewableEnergyStocks.com; XsunX
Tuesday, June 03, 2008
Clear Skies Solar Shines on Planet Green's Greenovate Program
Clear Skies Solar Shines on Planet Green's Greenovate Program
NEW YORK, Clear Skies Solar, Inc. (OTCBB: CSKH), a leading provider of turnkey solar electricity installations and renewable energy solutions, will shed light on the many benefits of solar energy on Planet Green’s new Greenovate program Saturday, June 7 – only days after the launch of the network itself.
The documentary-style show follows “greenovators” – or homeowners – as they make their houses environmentally friendly by implementing “green” designs and features from energy efficient appliances to residential-scale photovoltaic systems.
The episode followed Clear Skies Solar as they, in fewer than four hours, installed a residential solar system, which included upgrading the existing service panel from 100 amps to 200 amps in order to accommodate the new system.
Ezra Green, Chief Executive Officer and Chairman of Clear Skies Solar (CSS) is featured in the episode as a solar energy expert explaining to viewers, while perched atop the homeowner’s roof, the many financial and environmental benefits of solar power, including the homeowner’s anticipated annual savings of nearly 40% on energy bills.
“CSS’s participation in this project was truly exhilarating,” said Green. “It was a privilege to work with such a highly-revered company as Discovery Corp. to produce this forward-thinking show for such a unique and pioneering channel as Planet Green. We’re proud to be a part of this network in its infancy and hope all the viewers enjoy this episode as much as we enjoyed participating in it.”
This episode of Greenovate first premiered on The Learning Channel (TLC) last month as a teaser for Planet Green, the first and only 24-hour eco-lifestyle network launching this week (Wednesday, June 4).
“In addition to supporting the movement among homeowners transitioning from traditional energy to solar energy, our intention with Greenovate was to also educate Americans on the infinite benefits of this energy option,” added Green.
To view Clear Skies Solar in the upcoming Greenovate episode tune in on Saturday, June 7. Find your local area listing at http://planetgreen.channelfinder.net/.
About Clear Skies Solar
Clear Skies Solar, Inc. (CSS) through its wholly owned subsidiary provides full-service renewable energy solutions to commercial, industrial, and agricultural clients across the country. CSS was incorporated in 2003 and launched formal operations in 2005. During that time period, CSS developed its proprietary systems, obtained licenses and certifications, and acquired technologies that could maximize the impact of its construction expertise on the renewable energy sector. CSS has become one of the premier solar electric installation companies in the country. For more information about CSS, visit www.ClearSkiesSolar.com.
Forward-Looking Statement Disclaimer
Statements in this press release that are not statements of historical or current fact constitute "forward-looking statements." Such forward-looking statements involve known and unknown risks, uncertainties and other unknown factors that could cause the Company's actual operating results to be materially different from any historical results or from any future results expressed or implied by such forward-looking statements. In addition to statements that explicitly describe these risks and uncertainties, readers are urged to consider statements that contain terms such as "believes," "belief," "expects," "expect," "intends," "intend," "anticipate," "anticipates," "plans," "plan," to be uncertain and forward-looking. The forward-looking statements contained herein are also subject generally to other risks and uncertainties that are described from time to time in the Company's filings with Securities and Exchange Commission.
Clear Skies Holdings, Inc. is a featured Company on Investorideas.com Green portals.
For full details, click here: http://www.renewableenergystocks.com/CO/CSG/Default.asp
Contact:
for Clear Skies Solar
Avalanche Strategic Communications
Laura Finlayson, 201-488-0049 (Media Inquiries)
laura@avalanchepr.com
or
PR Financial Marketing
Jim Blackman, 713-256-0369 (Investor Relations)
jim@prfmonline.com
Source: Clear Skies Solar, Inc.
NEW YORK, Clear Skies Solar, Inc. (OTCBB: CSKH), a leading provider of turnkey solar electricity installations and renewable energy solutions, will shed light on the many benefits of solar energy on Planet Green’s new Greenovate program Saturday, June 7 – only days after the launch of the network itself.
The documentary-style show follows “greenovators” – or homeowners – as they make their houses environmentally friendly by implementing “green” designs and features from energy efficient appliances to residential-scale photovoltaic systems.
The episode followed Clear Skies Solar as they, in fewer than four hours, installed a residential solar system, which included upgrading the existing service panel from 100 amps to 200 amps in order to accommodate the new system.
Ezra Green, Chief Executive Officer and Chairman of Clear Skies Solar (CSS) is featured in the episode as a solar energy expert explaining to viewers, while perched atop the homeowner’s roof, the many financial and environmental benefits of solar power, including the homeowner’s anticipated annual savings of nearly 40% on energy bills.
“CSS’s participation in this project was truly exhilarating,” said Green. “It was a privilege to work with such a highly-revered company as Discovery Corp. to produce this forward-thinking show for such a unique and pioneering channel as Planet Green. We’re proud to be a part of this network in its infancy and hope all the viewers enjoy this episode as much as we enjoyed participating in it.”
This episode of Greenovate first premiered on The Learning Channel (TLC) last month as a teaser for Planet Green, the first and only 24-hour eco-lifestyle network launching this week (Wednesday, June 4).
“In addition to supporting the movement among homeowners transitioning from traditional energy to solar energy, our intention with Greenovate was to also educate Americans on the infinite benefits of this energy option,” added Green.
To view Clear Skies Solar in the upcoming Greenovate episode tune in on Saturday, June 7. Find your local area listing at http://planetgreen.channelfinder.net/.
About Clear Skies Solar
Clear Skies Solar, Inc. (CSS) through its wholly owned subsidiary provides full-service renewable energy solutions to commercial, industrial, and agricultural clients across the country. CSS was incorporated in 2003 and launched formal operations in 2005. During that time period, CSS developed its proprietary systems, obtained licenses and certifications, and acquired technologies that could maximize the impact of its construction expertise on the renewable energy sector. CSS has become one of the premier solar electric installation companies in the country. For more information about CSS, visit www.ClearSkiesSolar.com.
Forward-Looking Statement Disclaimer
Statements in this press release that are not statements of historical or current fact constitute "forward-looking statements." Such forward-looking statements involve known and unknown risks, uncertainties and other unknown factors that could cause the Company's actual operating results to be materially different from any historical results or from any future results expressed or implied by such forward-looking statements. In addition to statements that explicitly describe these risks and uncertainties, readers are urged to consider statements that contain terms such as "believes," "belief," "expects," "expect," "intends," "intend," "anticipate," "anticipates," "plans," "plan," to be uncertain and forward-looking. The forward-looking statements contained herein are also subject generally to other risks and uncertainties that are described from time to time in the Company's filings with Securities and Exchange Commission.
Clear Skies Holdings, Inc. is a featured Company on Investorideas.com Green portals.
For full details, click here: http://www.renewableenergystocks.com/CO/CSG/Default.asp
Contact:
for Clear Skies Solar
Avalanche Strategic Communications
Laura Finlayson, 201-488-0049 (Media Inquiries)
laura@avalanchepr.com
or
PR Financial Marketing
Jim Blackman, 713-256-0369 (Investor Relations)
jim@prfmonline.com
Source: Clear Skies Solar, Inc.
eSolar and Southern California Edison to Produce 245 MW of Solar Power Series of Pre-Fab Solar Plants
eSolar and Southern California Edison to Produce 245 MW of Solar Power Series of Pre-Fab Solar Plants To Provide Clean Electricity to Communities in Southern California
PASADENA, Calif.--June 3 2008 --Today, eSolar™, a producer of scalable solar thermal power plants, announced that it has signed a power purchase agreement with Southern California Edison (SCE) to build a total of 245 megawatts (MW) of concentrating solar plants in the Antelope Valley region of Southern California. The series of fully operational plants will begin production in 2011.
“SCE is committed to providing renewable energy generation at competitive costs – to this end, we review all of the possible sources to meet the growing demand for clean power,” said Stuart Hemphill, SCE vice president, Renewable and Alternative Power. “eSolar’s proposed solar projects promise to be modular, scalable, and easily and rapidly deployed. SCE is excited about the prospects of eSolar’s unique solar technology and the potential benefits it can bring for our customers.”
On the heels of its $130 million funding round in April led by Idealab, Google.org, and Oak Investment Partners, eSolar is aggressively pursuing a novel approach to large or utility-scale solar projects. Leveraging a proprietary combination of optics and software in a pre-fabricated form factor, eSolar achieves economies of scale with a modular design that focuses on the key business obstacles that have characterized large solar installations – price, scalability, speed of deployment and grid impact.
“eSolar’s proprietary approach to solar thermal generation can be designed to meet the needs of utilities large and small – a smarter-sized footprint and variable configurations ensure power can be delivered where it is needed most,” said Asif Ansari, CEO of eSolar. “We are proud to be supporting SCE in its commitment to delivering clean, reliable electricity to its customers.”
About eSolar
eSolar is an Idealab company founded by CEO Asif Ansari in 2007 to develop, construct and deploy modular, scalable solar thermal power plants. eSolar’s approach marries a low-impact, pre-fabricated form factor with advanced optics and computer software engineering to meet the demands of utilities of any size for clean, renewable and cost-competitive solar energy. By focusing on the key business obstacles that have characterized large solar installations – price, scalability, speed of deployment and grid impact – eSolar has developed a proprietary solution to make a dramatic reduction in the cost of solar thermal technology. eSolar is based in Pasadena, California and has 76 employees. For more information please visit http://www.esolar.com/.
About Southern California Edison
An Edison International (NYSE:EIX) company, Southern California Edison is the largest electric utility in California, serving a population of more than 13 million via 4.8 million customer accounts in a 50,000-square-mile service area within Central, Coastal and Southern California.
Contacts Antenna Group for eSolarCasey Cronin, 415-977-1912casey@antennagroup.comorSouthern California EdisonVanessa McGrady, 626-302-2255vanessa.mcgrady@sce.com
PASADENA, Calif.--June 3 2008 --Today, eSolar™, a producer of scalable solar thermal power plants, announced that it has signed a power purchase agreement with Southern California Edison (SCE) to build a total of 245 megawatts (MW) of concentrating solar plants in the Antelope Valley region of Southern California. The series of fully operational plants will begin production in 2011.
“SCE is committed to providing renewable energy generation at competitive costs – to this end, we review all of the possible sources to meet the growing demand for clean power,” said Stuart Hemphill, SCE vice president, Renewable and Alternative Power. “eSolar’s proposed solar projects promise to be modular, scalable, and easily and rapidly deployed. SCE is excited about the prospects of eSolar’s unique solar technology and the potential benefits it can bring for our customers.”
On the heels of its $130 million funding round in April led by Idealab, Google.org, and Oak Investment Partners, eSolar is aggressively pursuing a novel approach to large or utility-scale solar projects. Leveraging a proprietary combination of optics and software in a pre-fabricated form factor, eSolar achieves economies of scale with a modular design that focuses on the key business obstacles that have characterized large solar installations – price, scalability, speed of deployment and grid impact.
“eSolar’s proprietary approach to solar thermal generation can be designed to meet the needs of utilities large and small – a smarter-sized footprint and variable configurations ensure power can be delivered where it is needed most,” said Asif Ansari, CEO of eSolar. “We are proud to be supporting SCE in its commitment to delivering clean, reliable electricity to its customers.”
About eSolar
eSolar is an Idealab company founded by CEO Asif Ansari in 2007 to develop, construct and deploy modular, scalable solar thermal power plants. eSolar’s approach marries a low-impact, pre-fabricated form factor with advanced optics and computer software engineering to meet the demands of utilities of any size for clean, renewable and cost-competitive solar energy. By focusing on the key business obstacles that have characterized large solar installations – price, scalability, speed of deployment and grid impact – eSolar has developed a proprietary solution to make a dramatic reduction in the cost of solar thermal technology. eSolar is based in Pasadena, California and has 76 employees. For more information please visit http://www.esolar.com/.
About Southern California Edison
An Edison International (NYSE:EIX) company, Southern California Edison is the largest electric utility in California, serving a population of more than 13 million via 4.8 million customer accounts in a 50,000-square-mile service area within Central, Coastal and Southern California.
Contacts Antenna Group for eSolarCasey Cronin, 415-977-1912casey@antennagroup.comorSouthern California EdisonVanessa McGrady, 626-302-2255vanessa.mcgrady@sce.com
Tuesday, May 13, 2008
Solar stock , Canadian Solar Reports First Quarter 2008 Results- Net income for the quarter was $19.0 million, or $0.61 per diluted share
Canadian Solar Reports First Quarter 2008 Results-
JIANGSU, China, May 13 2008 -- Canadian Solar Inc.(Nasdaq: CSIQ) today reported its preliminary unaudited US GAAP financial information for the first quarter ended March 31, 2008.
Net revenues for the quarter were $171.2 million (including $2.2 million of silicon material sales), compared to net revenues of $17.5 million for the first quarter of 2007 (including $2.8 million of silicon materials sales) and $127.5 million for the fourth quarter of 2007 (including $2.4 million of silicon materials sales). Net income for the quarter was $19.0 million, or $0.61 per diluted share, compared to a net loss of $3.9 million, or $0.14 per diluted share, for the first quarter of 2007 and net income of $5.9 million, or $0.21 per diluted share, for the fourth quarter of 2007. If share-based compensation expenses of $2.2 million were excluded, non-GAAP net income for the quarter would have been $21.2 million, or $0.65 per diluted share.
Dr. Shawn Qu, Chairman and CEO of CSI, commented: "I am very pleased with our first quarter results and proud to say that our team has now achieved four consecutive quarters of revenue growth and profit margin improvement. Our impressive performance in the first quarter was due to a result of robust market demand for our products, strong pricing, effective management of foreign exchange exposure, strong operational execution of our flexible vertical integration business model, and our balanced supply strategy, which allowed us to increase our product delivery despite a general market shortage of silicon materials. In Q1, we significantly increased our internal solar cell production, which resulted in a positive impact on our bottom line. Our new Changshu solar module plant was completed on schedule during the quarter. This gave us the ability to quickly increase shipments in March following the severe weather conditions earlier in the year. Deliveries from most of our strategic suppliers are now generally on track."
Bing Zhu, CFO of CSI, noted: "We delivered on our promise to improve our gross margins and we were able to increase diluted earnings per share by close to 200% compared with Q4 2007 due to our disciplined financial management and continued operational efficiency. The significant upside to our bottom line was mainly contributed by three factors -- strong pricing, the strong Euro vs. USD, and our internal cost cutting. Although the large foreign exchange gain is likely a one-time event, we believe that the other factors will remain positive, and will, therefore, help us maintain a similar level of profitability going forward."
Revenue by Geography (US $ millions)
Q108 Q407 Q107 Region Revenue % Revenue % Revenue % Europe 167.6 97.9% 124.1 97.3% 12.1 69.4% Asia 2.4 1.4% 2.9 2.3% 3.3 18.9% Americas 1.2 0.7% 0.5 0.4% 2.1 11.7% Total Net 171.2 100% 127.5 100% 17.5 100% Revenue
Note: Asian revenue included $2.2 million of silicon materials sales in the first quarter of 2008 and $2.4 million of silicon materials sales in the fourth quarter of 2007.
Recent Developments
We commenced commercial production of e-Modules, a cost-effective medium power solar module product using 100% upgraded metallurgical grade (UMG) silicon, in March. We converted one of our solar cell lines and dedicated it to UMG cells in early April and ramped up to full production shortly thereafter. We have produced approximately one MW of UMG cells over the past four weeks. We believe that we have so far achieved the technical and economic parameters which we preset for the ramp up phase. Delivery of e-Modules to our European and US customers started in early May. We believe that we are on track to achieve our prior estimate of shipping 30-40MW of e-Modules in 2008.
Outlook
Dr. Qu continued: "We also believe that we are on track to achieve our prior guidance of shipping 200 -220MW of regular solar modules in 2008, not including shipments of e-Modules, and to continue our record of quarter over quarter revenue growth. We intend to continue our long-term and proven supply chain strategy of combining internal solar wafer and cell production with direct purchasing from a select number of long-term strategic wafer and cell suppliers. We expect that many of the positive market trends that we witnessed in Q1 will continue for the rest of the year, and believe that the gross margin that we were able to achieve in Q1 bodes well for our ability to achieve our 13% - 15% gross margin target for the year."
Net revenue for Q208 is expected to be in the range of $185 - $190 million, with non-GAAP net income, determined by excluding share based compensation expenses, expected to be in the range of $17 - $18 million. Shipments for Q208 are expected to be approximately 45MW, including some tolling business.
Looking ahead to 2009, if all of our long-term supply contracts are fully implemented, we will have access to 200MW of regular polysilicon and wafers. Based on our strong position as a worldwide photovoltaic solar module supplier and the expansion plans of our strategic partners, we believe that we should be able to secure an additional 200MW of regular polysilicon and wafers, thereby enabling us to produce approximately 400MW of regular photovoltaic solar modules. In addition, we expect to produce 100 - 150MW of UMG silicon products in 2009.
Investor Conference Call / Webcast Details
A conference call has been scheduled for 8:00 p.m. on Tuesday, May 13, 2008 (in Jiangsu). This will be 8:00 a.m. on Tuesday, May 13, 2008 in New York. During the call, time will be set-aside for analysts and interested investors to ask questions of senior executive officers of the Company.
The call may be accessed by dialing: +1-800-688-0836 (domestic) or +1-617- 614-4072 (international). The passcode to access the call is: 98964967. A replay of the call will be available starting one hour after the call and continuing until 10:00 p.m. on Tuesday, May 20, 2008 (in Jiangsu) or 10:00 a.m. on Tuesday, May 10, 2008 (in New York) at http://www.csisolar.com and by telephone at 1-888-286-8010 (domestic) or +1-617-801-6888 (international). The passcode to access the replay is: 11545239.
About Canadian Solar Inc. (Nasdaq: CSIQ)
Founded in 2001, Canadian Solar Inc. (CSI) is a vertically integrated manufacturer of solar cell, solar module and custom-designed solar application products serving customers worldwide. CSI is incorporated in Canada and conducts all of its manufacturing operations in China. Backed by years of experience and knowledge in the solar power market and the silicon industry, CSI has become a major global provider of solar power products for a wide range of applications. For more information, please visit http://www.csisolar.com .
Safe Harbor/Forward-Looking Statements
Certain statements in this press release including statements regarding expected future financial and industry growth are forward-looking statements that involve a number of risks and uncertainties that could cause actual results to differ materially. These statements are made under the "Safe Harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. In some cases, you can identify forward-looking statements by such terms as "believes," "expects," "anticipates," "intends," "estimates," the negative of these terms, or other comparable terminology. Factors that could cause actual results to differ include general business and economic conditions and the state of the solar industry; governmental support for the deployment of solar power; future shortage or availability of the supply of high-purity silicon; demand for end-use products by consumers and inventory levels of such products in the supply chain; changes in demand from significant customers, including customers of our silicon materials sales; changes in demand from major markets such as Germany; changes in customer order patterns; changes in product mix; capacity utilization; level of competition; pricing pressure and declines in average selling price; delays in new product introduction; continued success in technological innovations and delivery of products with the features customers demand; shortage in supply of materials or capacity requirements; availability of financing; exchange rate fluctuations; litigation and other risks as described in the Company's SEC filings, including its annual report on Form 20-F originally filed on May 29, 2007. Although the Company believes that the expectations reflected in the forward-looking statements are reasonable, it cannot guarantee future results, level of activity, performance, or achievements. You should not place undue reliance on these forward-looking statements. All information provided in this press release is as of today's date, unless otherwise stated, and Canadian Solar undertakes no duty to update such information, except as required under applicable law.
see company news for full details -
http://ca.news.finance.yahoo.com/s/13052008/31/link-finance-news-canadian-solar-reports-first-quarter-2008-results.html
JIANGSU, China, May 13 2008 -- Canadian Solar Inc.(Nasdaq: CSIQ) today reported its preliminary unaudited US GAAP financial information for the first quarter ended March 31, 2008.
Net revenues for the quarter were $171.2 million (including $2.2 million of silicon material sales), compared to net revenues of $17.5 million for the first quarter of 2007 (including $2.8 million of silicon materials sales) and $127.5 million for the fourth quarter of 2007 (including $2.4 million of silicon materials sales). Net income for the quarter was $19.0 million, or $0.61 per diluted share, compared to a net loss of $3.9 million, or $0.14 per diluted share, for the first quarter of 2007 and net income of $5.9 million, or $0.21 per diluted share, for the fourth quarter of 2007. If share-based compensation expenses of $2.2 million were excluded, non-GAAP net income for the quarter would have been $21.2 million, or $0.65 per diluted share.
Dr. Shawn Qu, Chairman and CEO of CSI, commented: "I am very pleased with our first quarter results and proud to say that our team has now achieved four consecutive quarters of revenue growth and profit margin improvement. Our impressive performance in the first quarter was due to a result of robust market demand for our products, strong pricing, effective management of foreign exchange exposure, strong operational execution of our flexible vertical integration business model, and our balanced supply strategy, which allowed us to increase our product delivery despite a general market shortage of silicon materials. In Q1, we significantly increased our internal solar cell production, which resulted in a positive impact on our bottom line. Our new Changshu solar module plant was completed on schedule during the quarter. This gave us the ability to quickly increase shipments in March following the severe weather conditions earlier in the year. Deliveries from most of our strategic suppliers are now generally on track."
Bing Zhu, CFO of CSI, noted: "We delivered on our promise to improve our gross margins and we were able to increase diluted earnings per share by close to 200% compared with Q4 2007 due to our disciplined financial management and continued operational efficiency. The significant upside to our bottom line was mainly contributed by three factors -- strong pricing, the strong Euro vs. USD, and our internal cost cutting. Although the large foreign exchange gain is likely a one-time event, we believe that the other factors will remain positive, and will, therefore, help us maintain a similar level of profitability going forward."
Revenue by Geography (US $ millions)
Q108 Q407 Q107 Region Revenue % Revenue % Revenue % Europe 167.6 97.9% 124.1 97.3% 12.1 69.4% Asia 2.4 1.4% 2.9 2.3% 3.3 18.9% Americas 1.2 0.7% 0.5 0.4% 2.1 11.7% Total Net 171.2 100% 127.5 100% 17.5 100% Revenue
Note: Asian revenue included $2.2 million of silicon materials sales in the first quarter of 2008 and $2.4 million of silicon materials sales in the fourth quarter of 2007.
Recent Developments
We commenced commercial production of e-Modules, a cost-effective medium power solar module product using 100% upgraded metallurgical grade (UMG) silicon, in March. We converted one of our solar cell lines and dedicated it to UMG cells in early April and ramped up to full production shortly thereafter. We have produced approximately one MW of UMG cells over the past four weeks. We believe that we have so far achieved the technical and economic parameters which we preset for the ramp up phase. Delivery of e-Modules to our European and US customers started in early May. We believe that we are on track to achieve our prior estimate of shipping 30-40MW of e-Modules in 2008.
Outlook
Dr. Qu continued: "We also believe that we are on track to achieve our prior guidance of shipping 200 -220MW of regular solar modules in 2008, not including shipments of e-Modules, and to continue our record of quarter over quarter revenue growth. We intend to continue our long-term and proven supply chain strategy of combining internal solar wafer and cell production with direct purchasing from a select number of long-term strategic wafer and cell suppliers. We expect that many of the positive market trends that we witnessed in Q1 will continue for the rest of the year, and believe that the gross margin that we were able to achieve in Q1 bodes well for our ability to achieve our 13% - 15% gross margin target for the year."
Net revenue for Q208 is expected to be in the range of $185 - $190 million, with non-GAAP net income, determined by excluding share based compensation expenses, expected to be in the range of $17 - $18 million. Shipments for Q208 are expected to be approximately 45MW, including some tolling business.
Looking ahead to 2009, if all of our long-term supply contracts are fully implemented, we will have access to 200MW of regular polysilicon and wafers. Based on our strong position as a worldwide photovoltaic solar module supplier and the expansion plans of our strategic partners, we believe that we should be able to secure an additional 200MW of regular polysilicon and wafers, thereby enabling us to produce approximately 400MW of regular photovoltaic solar modules. In addition, we expect to produce 100 - 150MW of UMG silicon products in 2009.
Investor Conference Call / Webcast Details
A conference call has been scheduled for 8:00 p.m. on Tuesday, May 13, 2008 (in Jiangsu). This will be 8:00 a.m. on Tuesday, May 13, 2008 in New York. During the call, time will be set-aside for analysts and interested investors to ask questions of senior executive officers of the Company.
The call may be accessed by dialing: +1-800-688-0836 (domestic) or +1-617- 614-4072 (international). The passcode to access the call is: 98964967. A replay of the call will be available starting one hour after the call and continuing until 10:00 p.m. on Tuesday, May 20, 2008 (in Jiangsu) or 10:00 a.m. on Tuesday, May 10, 2008 (in New York) at http://www.csisolar.com and by telephone at 1-888-286-8010 (domestic) or +1-617-801-6888 (international). The passcode to access the replay is: 11545239.
About Canadian Solar Inc. (Nasdaq: CSIQ)
Founded in 2001, Canadian Solar Inc. (CSI) is a vertically integrated manufacturer of solar cell, solar module and custom-designed solar application products serving customers worldwide. CSI is incorporated in Canada and conducts all of its manufacturing operations in China. Backed by years of experience and knowledge in the solar power market and the silicon industry, CSI has become a major global provider of solar power products for a wide range of applications. For more information, please visit http://www.csisolar.com .
Safe Harbor/Forward-Looking Statements
Certain statements in this press release including statements regarding expected future financial and industry growth are forward-looking statements that involve a number of risks and uncertainties that could cause actual results to differ materially. These statements are made under the "Safe Harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. In some cases, you can identify forward-looking statements by such terms as "believes," "expects," "anticipates," "intends," "estimates," the negative of these terms, or other comparable terminology. Factors that could cause actual results to differ include general business and economic conditions and the state of the solar industry; governmental support for the deployment of solar power; future shortage or availability of the supply of high-purity silicon; demand for end-use products by consumers and inventory levels of such products in the supply chain; changes in demand from significant customers, including customers of our silicon materials sales; changes in demand from major markets such as Germany; changes in customer order patterns; changes in product mix; capacity utilization; level of competition; pricing pressure and declines in average selling price; delays in new product introduction; continued success in technological innovations and delivery of products with the features customers demand; shortage in supply of materials or capacity requirements; availability of financing; exchange rate fluctuations; litigation and other risks as described in the Company's SEC filings, including its annual report on Form 20-F originally filed on May 29, 2007. Although the Company believes that the expectations reflected in the forward-looking statements are reasonable, it cannot guarantee future results, level of activity, performance, or achievements. You should not place undue reliance on these forward-looking statements. All information provided in this press release is as of today's date, unless otherwise stated, and Canadian Solar undertakes no duty to update such information, except as required under applicable law.
see company news for full details -
http://ca.news.finance.yahoo.com/s/13052008/31/link-finance-news-canadian-solar-reports-first-quarter-2008-results.html
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