Solar's Mighty Run Could Be Over Come 2011 The Bedford Report
posted on
Dec 13, 2010 01:19PM
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NEW YORK, NY--(Marketwire - 12/13/10) - After surging for most of the summer and early fall, the solar sector has been struggling lately. For the month of November, the Guggenheim Solar ETF -- which seeks to replicate the price and yield performance of the MAC Global Solar Energy index -- slipped close to 20 percent amidst growing concerns regarding US complaints that China is subsidizing solar. The solar sector pulled back further after reports signaled declines in government subsidy support from European nations such as Germany and France. The Bedford Report examines the outlook for companies in the Solar Industry and provides research reports on LDK Solar Co. (NYSE:LDK - News) and JA Solar Holdings Co. (NASDAQ:JASO - News). Access to the full company reports can be found at:
www.bedfordreport.com/2010-12-LDK
www.bedfordreport.com/2010-12-JASO
Presently Germany consumes more than half the world's supply of the modules that turn sunlight into electricity. The head of Germany's BSW solar industry, Carsten Koernig, recently said that the country will add a record 8 GW of solar power in 2010, however he added that he expects growth to cool in the years ahead to between 3 and 5 GW per year.
The Bedford Report releases regular market updates on the Solar Industry so investors can stay ahead of the crowd and make the best investment decisions to maximize their returns. Take a few minutes to register with us free at www.bedfordreport.com and get exclusive access to our numerous analyst reports and industry newsletters.
2010 was a record year for demand in the solar sector. Many industry heavyweights saw their stocks more than double amidst strong earnings reports. LDK said that its third quarter earnings per share surged 167 percent year on year. LDK Solar also said it expects its fourth-quarter revenue of between $710 million and $750 million, well ahead of consensus analyst estimates of $579.4 million.
Yes, 2010 was a superb year for many solar stocks, but going forward there is certainly plenty of uncertainty. Credit Suisse downgraded the sector last month based on industry wide oversupply, and concerns about weaker demand in 2011.
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