Brighter days for First Solar (CNN)
Meanwhile, demand is soaring — for a variety of reasons. China plans to install an ambitious 10 gigawatts of solar capacity this year. In the U.S. the solar industry grew 76% in 2012 as PV manufacturers installed a total of 3.3 gigawatts of power, or the equivalent of a new nuclear power plant. Generous state subsidies in California and elsewhere have driven sales, as well as the fact that 29 states now have requirements that a certain percentage of power come from renewables.
First Solar, Inc. (NASDAQ:FSLR) CEO Jim Hughes says his company is ready to ride this wave. First Solar’s competitive advantage is a next-generation technology called thin-film solar.
Credit: First Solar, Inc. (NASDAQ:FSLR)
Solar demand gets hoisted in US and Europe, Yingli Green Energy (NYSE:YGE) and Trina Solar Limited (NYSE:TSL) decline, LDK Solar (NYSE:LDK) advances (Crazy Joys)
Trina Solar Limited (ADR) (NYSE:TSL) in last trading session end up at $4.95 by falling -6.60% with the average volume of 2.62 million shares. The stock price saw week’s volatility of 7.92% and month’s volatility is 8.04%, while the stock price of the company is moving up from its 20 days moving average with 14.53% and isolated positively from 50 days moving average with 19.99%. Looking at Analytic Ratios; the price to sales ratio of Trina Solar Limited (ADR) (NYSE:TSL) in past twelve months was calculated as 0.30 and price to cash ratio as 0.48. Company return on equity ratio is recorded as -26.30% and its return on assets is -9.28%, and return on investment is -16.38%.
First Solar Rising: Q1 Rev Beats, EPS Misses (Barron’s)
Solar energy technology provider First Solar, Inc. (NASDAQ:FSLR) this afternoon reported Q1 revenue that topped analysts’ estimates, but missed on the bottom line. Revenue in the three months ended in March rose 52%, year over year, and declined 30%, quarter over quarter, to $755 million, yielding EPS of 69 cents per share, excluding some costs. Analysts had been modeling $726 million and 75 cents. Including pre-tax restructuring charges of 3 cents per share, First Solar, Inc. (NASDAQ:FSLR)’s 66-cents EPS was down from $1.74 in the prior quarter, but up from a $5.20-per-share loss a year earlier.
Solar Leasing Investment Opportunities (Energy and Capital)
SunPower Corporation (NASDAQ:SPWR) has found its Q1 losses greatly reduced from the same period a year ago. The solar company reported a net loss of $54.7 million in the first months of 2013 compared to $74.5 million in 2012. Sales were distinctly more optimistic; total sales were at $635.4 million, well ahead of SunPower’s expectation back in February of $450-$525 million. Solar leasing has been kind to SunPower Corporation (NASDAQ:SPWR). Right now, demand for the company’s residential solar leasing program is so steep that the company…