How Will Solar PV Businesses Benefit From the New Incentives?
March 13 2009 - 11:05AM
Marketwired
www.RenewableEnergyStocks.com, a leading investor news and research
portal for the renewable energy sector within Investorideas.com,
presents the Green Investor report: "Solar PV businesses may
benefit from the new incentives," for investors following solar
stocks.
Green Investor at Investorideas.com
http://www.investorideas.com/gi/
Paulo J. Nery
Excerpt:
Solar stocks have taken a major beating in the past few months.
The Claymore MAC Global Solar Energy Index ETF, TAN, has fallen 78%
in the past six months. Most listed solar companies have fallen
from 50% to 87% over that period.
A bright spark however, is the newly passed economic stimulus
bill which should start boosting demand once again. With the
extension of the Federal 30% tax credit and the removal of the
$2000 cap, home owners will see the price of solar PV get much more
affordable.
And, for commercial developers of solar facilities the new bill
has provisions that would allow them to take the 30% tax credit as
a grant instead.
Some of the companies best positioned to ride out the challenges
of this year are the big market leading companies with adequate
cash in hand. US manufacturer First Solar is one of these
companies. Notice how their stock price collapse is far less than
any of the other solar companies. First Solar also benefits because
its panels are made from cheaper cadmium telluride rather than
silicon. Also look at the other second generation solar companies I
mentioned in my article of Jan 6, 2009. But even First Solar said
last week that it would begin reducing prices on some of its panels
to keep its competitive edge when it enters new markets.
Other well positioned companies include SunPower Corp, because
its highly-efficient modules command a price premium. Now that
SunPower also installs the systems they have the maneuverability to
adjust their margins between the different parts of the
business.
Also look at Energy Conversion Devices, makers of Uni-Solar
amorphous silicone panels. They were the innovators of lightweight
flexible roll out modules that can be directly adhered to roof
tops, also known as building integrated PV.
SunTech too has bought into the installation and finance
business since its acquisition last October of El Solutions, and
its joint venture with MMA Renewable Ventures called Gemini Solar
Development. Gemini plans to finance, develop and operate solar
power plants of 10 megawatts or more.
XsunX (OTCBB: XSNX) is another thin film innovator using
amorphous silicon who, while at an earlier stage, shows promise.
The company's dual layer amorphous thin film design is cheaper to
make and out performs other technologies in most climates. In a
recent comparative study the company's module design was shown to
deliver the lowest levelized cost of all solar photovoltaic cell
technologies. They have so far gained sales contracts for 19 MW
deliverable through 2010. And they recently announced a prudent
decision to reduce the capacity of their planned manufacturing
facility in Oregon to approximately 13 MW which closely matches
their commitments and saves the company roughly 25 million.
More: http://www.investorideas.com/news/031209b.asp
Disclosure: Paulo Nery does not currently own shares of any of
the companies named above.
Disclaimer: Nothing in the above article in no way constitutes a
recommendation to buy or invest in these or any other stocks. You
should always seek professional financial advice when planning your
investments or trading in the stock markets.
Featured Showcase Solar Stock:
XsunX Inc.: (OTCBB: XSNX) in Aliso Viejo, Calif., XsunX is
developing amorphous silicon thin film photovoltaic (TFPV) solar
cell manufacturing processes to produce TFPV solar modules. 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/
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