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How Will Solar PV Businesses Benefit From the New Incentives?
Potential Impact on Solar Stocks First Solar, Sunpower, Evergreen Solar, Spire, SunTech and XsunX (OTCBB: XSNX)
| Source: RenewableEnergyStocks.com; XsunX
POINT ROBERTS, WA--(Marketwire - March 13, 2009) - 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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