Solar Companies Branch Out as Euro Fears Grow
March 01 2011 - 8:46AM
Marketwired
In recent weeks, the solar sector has been marred with uncertainty
as fading support for renewable energy has raised fears that
margins could be hit in 2011. Since last November, solar stocks
have been in a relative tailspin as reports signaled declines in
government subsidy support from European nations such as Germany
and Italy. Solar bulls argue that smaller solar markets -- such as
the US- will help offset declines in consumption from key European
markets, however. The Bedford Report examines investing
opportunities in Alternative Energy and provides research reports
on JA Solar Holdings, Co. (NASDAQ: JASO) and JinkoSolar Holding Co.
(NYSE: JKS). Access to the full company reports can be found at:
www.bedfordreport.com/2011-03-JASO
www.bedfordreport.com/2011-03-JKS
Presently Germany consumes more than half the world's supply of
the modules that turn sunlight into electricity. The head of
Germany's BSW solar industry, Carsten Koernig, recently said that
the country added a record 8 GW of solar power in 2010, however he
added that he expects growth to cool in the years ahead to between
3 and 5 GW per year.
In recent weeks, Italy has been discussed as a potential solar
hotbed. Italy's state energy management agency, the GSE, calculated
that all presently deployed equipment, if hooked up to the grid,
would constitute 7 gigawatts of installed capacity. The Italian
boom has sparked concerns in the nation, however that the program
will become too expensive. In addition Italy's program has drawn
allegations of fraud.
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updates so investors can stay ahead of the crowd and make the best
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JinkoSolar expects Italy to make up 25-28 percent of its sales
in 2011, substantially down from close to 50 percent in the
company's fourth quarter of 2010. JinkoSolar plans to diversify
into Israel, Australia and India, and raise sales in the United
States. JinkoSolar guided first quarter revenue of $280 million to
$290 million and full-year revenue of $1.4 billion to $1.5
billion.
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