Solar stocks rebounded sharply Tuesday as First Solar Inc. stated that demand from Europe has grown unexpectedly. First Solar has delayed the closing of a German plant to meet unexpected demand in Europe. "First Solar's comments fit in with what several Chinese companies have also been saying, which is that demand remains strong," stated David Smith, the portfolio manager of Gabelli Green Fund. Five Star Equities examines the outlook for companies in the Solar Industry and provides equity research on Suntech Power Holdings Co. (NYSE: STP) and Yingli Green Energy Holdings Co. (NYSE: YGE).
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Last week Bloomberg reported solar panel makers were boosting production in 2012 as demand in China was expected to double. The $36 billion market is shifting from Europe to Asia. According to estimates compiled by Bloomberg shipments from the five biggest producers of polysilicon solar modules are expected to rise 27 percent to 37 percent, with China's Suntech Power Holdings Co. and Yingli Green Energy Holdings Co. leading the way.
Bloomberg New Energy Finance predicts that China, who trails only Germany and Italy in new installations, will become the top solar market in 2013 as subsidies for new projects are being cut by European nations. "Europe is going down and Asia is going up," said Matt Feinstein, an analyst at Lux Research Inc.
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Suntech Power produces industry-leading solar products for residential, commercial, industrial, and utility applications. With regional headquarters in China, Switzerland, and the United States, and gigawatt-scale manufacturing worldwide, Suntech has delivered more than 25,000,000 photovoltaic panels to over a thousand customers in more than 80 countries. Shares of the company surged over 7 percent Tuesday.
Yingli Green Energy is a leading solar energy company and one of the world's first fully vertically integrated photovoltaic manufacturers. Shares of the company jumped over percent Tuesday. Total net revenues were RMB 3,148.5 million (US$500.0 million) in the first quarter of 2012, an increase by 22.6 percent from RMB 2,567.6 million in the fourth quarter of 2011.
Five Star Equities provides Market Research focused on equities that offer growth opportunities, value, and strong potential return. We strive to provide the most up-to-date market activities. We constantly create research reports and newsletters for our members. Five Star Equities has not been compensated by any of the above-mentioned companies. We act as an independent research portal and are aware that all investment entails inherent risks.
Source:http://www.marketwire.com/press-release/suntech-power-yingli-green-energy-look-benefit-as-demand-china-expected-double-nyse-stp-1669378.htm
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