Canadian Solar price target raised to $25 from $20 at Lazard Capital Lazard Capital believes Canadian Solar's sale of two solar power plants should increase confidence in the company's 2014 earnings power. The firm raised its estimates and price target and reiterates a Buy rating on the name.
Kicky
: Nomura wird auch bald kommen m.KZ-Erhöhung
Here is Nomura’s analyst Nitin Kumar:
Data from PV Insights shows ASPs for polysilicon at US$18.34/Kg. This is now the 4th straight week with poly ASPs largely flat. PV Insights also notes that the bottleneck created by China customs requiring certificate or origin and original invoice has been resolved and the poly demand supply is now balanced. As such, any further increases in poly ASP look unlikely in the near term.
Wafer ASPs for multi-crystalline wafers moved up 0.8% w-w; albeit 3Q13 qtd is still down 1% q-q. While we think wafers could be a little tight in 2014F on higher demand, we would not get over-excited here.
Cell and module ASPs fell 0.3~0.6% w-w. PV Insights suggests this is owing to prices in Japan coming off a little given increasing supply offset by module ASPs in China which are on the rise on shortages. Japan module ASPs are 10~15% higher than spot prices and thus margins are still attractive for key suppliers into that market, i.e. Canadian Solar (CSIQ), Trina Solar (TSL) and JA Solar (JASO)......
As such, Nomura thinks any investor who wants exposure to the solar sector must own Canadian Solar and Trina Solar:
We continue to see both these names as must-own stocks in this sector given cleaner balance sheets, strong management and strong cash flow outlook. We reiterate our Buy on Canadian Solar and Trina Solar. On our existing numbers, both Trina and Canadian Solar trade at 1x 2014F P/BV and are very attractive for long-term growth story.
....The firm set an “outperform” rating and a $26.00 price target on the stock. Northland Capital Partners’ price objective would suggest a potential upside of 35.91% from the stock’s previous close. Several other analysts have also recently commented on the stock. Analysts at Northland Securities initiated coverage on shares of Canadian Solar in a research note to investors on Tuesday. They set an “outperform” rating on the stock. Separately, analysts at Lazard Capital Markets raised their price target on shares of Canadian Solar from $20.00 to $25.00 in a research note to investors on Thursday, October 3rd. They now have a “buy” rating on the stock.....
und verkauft mehr Solarplants As the solar panel sector continues its painful overhaul, signals are emerging about who will survive the downturn and thrive when the industry returns to health. Canadian Solar (Nasdaq: CSIQ) certainly seems to be one of the strongest players coming out of the retrenchment, with word that the company has sold 4 more plants that it constructed to private buyers. Canadian Solar is quickly emerging as a strong executor of this particular strategy, which sees its construct power plants using its own solar cells and then eventually selling those plants to private sector buyers. ...... If the current trends continue, we could see Canadian Solar become the first of the major players to return to profitability in its upcoming third quarter report, with other major players gradually returning to the black over the next few quarters Bottom line: Canadian Solar's sale of 2 power plants to a BlackRock managed fund reflect strong prospects for its business model, boosting its chances to return to profitability this year.
Cell/module ASPs remained flat w-w, suggesting well-balanced demand supply balance. Here, we understand, tier-1 module companies have been outsourcing cell production to tier-2/3 cell makers on tolling basis but tier-2/3 makers are unable to increase utilizations on lack of meaningful working capital availability. We expect to see this situation continue for the foreseeable future. [Barron's: capacity constraint leads to firm unit price.]
......Einer der großen Gewinner ist Canadian Solar. Die Aktie ist seit dem Start des Solardepots vor gut einem Jahr dabei und hat mittlerweile um über 500 Prozent zugelegt. Die Aktie von Solarworld (nicht im Solardepot) hat im gleichen Zeitraum über 40 Prozent an Wert verloren.Neben Canadian Solar befinden sich derzeit vier weitere Positionen im Solardepot, die alle eines gemeinsam haben. Sie sind bestens positioniert, um von der steigenden Nachfrage aus den neuen Solar-Wachstumsmärkten zu profitieren. Mittlerweile spielt die Musik im Solarsektor in China, Japan und den USA und nicht mehr in Deutschland.Trotz ihrer zum Teil beachtlichen Kurszuwächse verfügen alle fünf Aktien des maydornreports noch über erhebliches Kurspotenzial........
und Solar City hat Zusammenarbeit mit Trina Solar SolarCity Continues Incredible Growth Rate .......The other winner from today's release is Trina Solar (NYSE: TSL ) , a major supplier to SolarCity and a company that makes panels that are Zep-compatible. Zep is the racking company SolarCity bought this week to standardize its own installations, and being compatible with Zep is a huge advantage for Trina Solar's partnership with SolarCity.
It's almost mind-blowing how fast SolarCity is growing right now. Part of it has to do with acquisitions, some has to do with improved efficiency, and some of the growth comes from the competitiveness of solar power versus traditional energy. The bottom line is that SolarCity is one of the best ways to play the industry and is one of only a few solar companies even worth considering investing in. I think SolarCity could be worth double what it is now, but even that may be blown out of the water if it continues to grow this quickly...... http://www.fool.com/investing/general/2013/10/12/...-growth-rate.aspx
Kicky
: Canadian Solar baut 100 MW-Kraftwerk in Ontario
SAN RAMON (IT-Times) - Canadian Solar hat heute einen Großauftrag bekannt gegeben. Der chinesisch-französische Solarbauer errichtet ein Solarkraftwerk in Ontario.
Die Canadian Solar hat bereits mit dem Bau des "Grand Renewable Solar Project" in der Provinz Ontario begonnen. Das Projekt ist Kanadas größtes Solar-Projekt, wird durch Connor Clark & Lunn Infrastructure finanziert und von Samsung Renewable Energy entwickelt und geplant. Im Jahr 2015 soll der Betrieb der 100 Megawatt großen Anlage starten. Der Auftrag beschert der zuletzt unter Druck geratenen Canadian Solar voraussichtlich einen Umsatz in Höhe von 301,1 Mio. US-Dollar.
The head of Canadian Solar, one of the four biggest solar PV manufacturers in the world, expects the global installation rate of solar PV to treble by the end of the decade to more 100GW a year.
In an interview with RenewEconomy, Shawn Qu, the CEO of Canadian Solar, said the declining costs of solar, and the rising cost of fossil fuels meant that the future of solar was guaranteed, although he had doubts about the future of large-scale centralised grid.
In 2012, the world installed more than 35GW of solar PV, which is expected to increase to around 40GW in 2013. Qu says that in two to three years, he expects to see a 50GW annual run rate, before rising to 100GW a year.“I think the market will sustain at that level (100GW) for 10-15 years, until solar reaches 5 to 10% of total global capacity,” ....
Australia has built just one 10MW solar farm in Western Australia. The Canadian province of Ontario, where Qu’s company is based, has or has permitted 100 projects of that size.
GUELPH, Ontario, Oct. 21, 2013 /PRNewswire-FirstCall/ -- Canadian Solar Inc. (NASDAQ: CSIQ) (the "Company", or "Canadian Solar"), one of the world's largest solar power companies, today announced that it has been awarded a contract to supply 1.78MW to Saudi Aramco's KAPSARC ("King Abdullah Petroleum Studies and Research Center") solar power project in Saudi Arabia.
Following a very detailed and intense selection process Saudi Arabian Oil Company ("Saudi ARAMCO), the world's largest crude oil producer, has awarded Canadian Solar a contract to supply 1.78MW of its high quality solar panels to the extension of the KAPSARC Solar Power Project which, once completed, will be largest ground mounted solar photovoltaic ("PV") power plant in Saudi Arabia...... http://www.4-traders.com/CANADIAN-SOLAR-INC-36332/...roject-17380418/
sowas nach einem Langzeitchart zu beurteilen geht einfach nicht,das ist eher ein Witz, weil Canadian Solar inzwischen eine Firma in Kanada ist mit guter Auftragslage und verbesserter Qualität,mehrere Analystenempfehlungen wie Nomura,Deutsche Bank,Lazard Sehr gutes Momentum,überkauft....hangelt sich laufend am oberen Bollingerband entlang http://www.ariva.de/chart/images/...toch~R38~Uquarter~VCandleStick~W1
Kicky
: Deutsche sieht Solarrally bis Ende des Jahres
.....On the demand side, China provides the largest upside. Here are analysts Vishal Shah, Susie Min and Jerimiah Booream-Phelps:
Companies appear to be more bullish on 2014 demand expectations – most companies expect demand to reach 45GW next year with some companies such as YGE calling for 50GW demand estimate in 2014. China appears to be the big source of demand upside - companies expect at least 12GW and up to 15GW of demand in China in 2014. ... most solar companies expect China demand to approach 8-9GW this year (vs prior est of 5-6GW) mainly due to a rush of solar installations in Western China ..... Investor attendance at the conference was up sharply (probably the best since the financial crisis) although we believe most investors were either underinvested or have been on the sidelines. Considering the prospects of further improvement in pricing/margins and upward estimate revisions, we expect the current solar rally to continue through the year-end. ....
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