Solar Demand Expected to Increase in Second Half of 2011

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June 10, 2011 7:31 AM EDT
President of Gruppo Imprese Fotovoltaiche Italiane, Valerio Natalizia, forecasts solar installations in Italy will reach 5.5GW this year. 2.0-2.5GW of it will be new installations while 3.0-3.5GW will be made up of systems which have been waiting for grid connection since applying for installation in 2010.

Shipments of solar modules in European distribution channels have been showing signs of progress which, in turn, reflect an indication of growing demand in the Italian market.

Skepticism at banks willing to provide loans should decrease in the second half of 2011, according to Natalizia. He also said 2013-2016 installations depend on whether problems with procedures delay the process of grid connection and cause the acquisition price for electricity to decrease, but notes the government will provide compensations.

Stocks to watch Friday morning:
  • First Solar (Nasdaq: FSLR)
  • Suntech (NYSE: STP)
  • SunPower (Nasdaq: SPWRA)
  • Yingli (NYSE: YGE)
  • MEMC Electronic Materials (NYSE: WFR)
  • Trina Solar (NYSE: TSL)
  • LDK Solar (NYSE: LDK)

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