Canaccord Genuity Morning Coffee on First Solar (FSLR), Canadian Solar (CSIQ), LDK Solar (LDK), Suntech Power (STP): Is The Future Really That Bright?
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Price: $214.28 +0.10%
Rating Summary:
37 Buy, 18 Hold, 4 Sell
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Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
37 Buy, 18 Hold, 4 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
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Canaccord Genuity Morning Coffee on First Solar (Nasdaq: FSLR), Canadian Solar (Nasdaq: CSIQ)), LDK Solar (NYSE: LDK), Suntech Power (NYSE: STP): Is the future really that bright?
Canaccord analyst said, "Solar stocks climbed for a second day as the situation at a damaged nuclear power plant in Japan worsened, causing investors to gravitate toward companies that make solar panels and other related equipment. Reuters highlighted that the spike was particularly noticeable on a day that stocks generally tumbled on uneasiness over the impact of explosions and the release of dangerous levels of radiation at Japan's Fukushima Daiichi nuclear power plant. Commenting on the situation, a Kaufman Bros. analyst said in a note to investors that the earthquake in Japan will have an impact on the solar industry in both the short and longer term. Stating that the immediate impact is a reduction in supply of polysilicon, solar wafers, cells and modules from Japanese manufacturers that have been idled by the earthquake. Japanese production amounts to around 10% of total solar production. "Therefore, we believe the companies that will benefit the most from the recent quake are solar companies that manufacture polysilicon outside of Japan, or those who have secured their supplies of polysilicon at long- term contract pricing," the analyst said. Raining on the parade, a Piper Jaffray report noted that Japan is itself a big market for solar. Big demand from Japan may be in doubt as it needs to focus on bigger issues, such as rebuilding infrastructure and repairing current power facilities, Piper Jaffray added."
Canaccord analyst said, "Solar stocks climbed for a second day as the situation at a damaged nuclear power plant in Japan worsened, causing investors to gravitate toward companies that make solar panels and other related equipment. Reuters highlighted that the spike was particularly noticeable on a day that stocks generally tumbled on uneasiness over the impact of explosions and the release of dangerous levels of radiation at Japan's Fukushima Daiichi nuclear power plant. Commenting on the situation, a Kaufman Bros. analyst said in a note to investors that the earthquake in Japan will have an impact on the solar industry in both the short and longer term. Stating that the immediate impact is a reduction in supply of polysilicon, solar wafers, cells and modules from Japanese manufacturers that have been idled by the earthquake. Japanese production amounts to around 10% of total solar production. "Therefore, we believe the companies that will benefit the most from the recent quake are solar companies that manufacture polysilicon outside of Japan, or those who have secured their supplies of polysilicon at long- term contract pricing," the analyst said. Raining on the parade, a Piper Jaffray report noted that Japan is itself a big market for solar. Big demand from Japan may be in doubt as it needs to focus on bigger issues, such as rebuilding infrastructure and repairing current power facilities, Piper Jaffray added."
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