Crude
oil prices have been
surging recently, and there is little
sign that the momentum will be
slowing down. Every time crude oil
reaches these types of elevated levels,
it seems that interest in
alternative forms of energy also rise.
Solar is one type of alternative energy
that gets particular attention, and
should be on investors' radar going
into 2013.
Yingli -7.1% premarket following mixed Q3 results, guidance reiteration
- Yingli (YGE) is reiterating its full-year module shipment guidance of 3.2GW-3.3GW. Given Yingli's big YTD gains, as well as recent guidance hikes from other Chinese solar names, investors may have wanted more.
- Thanks to stabilizing module prices and cost cuts, Q3 gross margin was 13.7%. That figure exceeds guidance of 11%-13%, and is up from 11.8% in Q2 and -22.7% a year ago.
- Chinese sales made up 38% of revenue, up from 28% in Q2, shipments to high-margin Japan (rising for many Chinese solar names) rose 35% Q/Q, and U.S. sales eclipsed European sales. European demand declined due to the import quota agreement reached between China and the EU. Chinese + U.S. sales equaled over half of revenue for the first time.
- Solar system sales jumped 368% Q/Q. Chinese module vendors are increasingly joining their U.S. peers in expanding into solar project sales.
- Due to higher R&D and G&A spend, opex was $93M, +8% Q/Q and +34% Y/Y.
- Yingli's cash balance fell to $442.7M from $591M at the end of Q2. However, debt fell to $2.6B from $2.8B.
- Q3 results, PR
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Below these are the Solar stocks I am follow on 2013.
Below these are the Solar stocks I am follow on 2013.
Solar Stocks List
Solar Pure Plays:
•SunPower Corporation (Nasdaq: SPWR)
•First Solar Inc. (Nasdaq: FSLR)
•Evergreen Solar (Nasdaq: ESLR)
•SunTech Power Holdings (NYSE: STP)
•Trina Solar (NYSE: TSL)
•Solarfun Power Holdings (Nasdaq: SOLF)
•Canadian Solar Inc. (Nasdaq: CSIQ)
•JA Solar Holdings (Nasdaq: JASO)
•China Sunergy (Nasdaq: CSUN)
•LDK Solar (NYSE: LDK)
•ReneSola Ltd. (NYSE: SOL)
Smaller companies with Solar exposure:
•Energy Conversion Device (Nasdaq: ENER)
•Hoku Scientific (Nasdaq: HOKU)
•Daystar Technologies (Nasdaq: DSTI)
•Spire Corporation (Nasdaq: SPIR)
Solar Energy ETFs:
•Market Vectors Solar Energy ETF (KWT)
•Claymore/MAC Global Solar Energy (TAN)
Bigger companies with Solar exposure:
•MEMC Electronics (NYSE: WFR)
•General Electric Co. (NYSE: GE)
•Boeing Co. (NYSE: BA)
•British Petroleum (NYSE: BP)
•Royal Dutch Shell (NYSE: RDS-B)
•Kyocera (NYSE: KYO)
•Applied Materials (Nasdaq: AMAT)
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