With European markets plunging concerning solar demand, solar companies Canadian Solar (Nasdaq:CSIQ), Yingli Green Energy (NYSE:YGE), Solarfun (Nasdaq:SOLF), Ascent Solar (Nasdaq:ASTI) and SunPower (Nasdaq:SPWRA) probably won't be able to come close to their third-quarter results anytime soon.
Wedbush sees the North American solar market and china, which are slowly increasing in solar demand, not able to make up for Europe shortfalls.
All the companies listed above are rated as "Neutral" by Wedbush because of that, although each company has other factors in the rating decision.
Most of the solar companies have challenges because of the push to cut costs as government subsidies are lowered, which means they'll have to compete increasingly based on market conditions in the future.
Eliminating or lowering of government subsidies also means the threat of commoditization in the industry, which is why lowering costs is so important to them.
Solar companies could have a rough ride ahead, with some of it depending on how long the weak economic global conditions continue.
Showing posts with label Ascent Solar Technologies. Show all posts
Showing posts with label Ascent Solar Technologies. Show all posts
Thursday, October 28, 2010
Thursday, October 14, 2010
Ascent (Nasdaq:ASTI) Pulls Back After Two Big Days
Ascent Solar Technologies, Inc. (Nasdaq:ASTI) pulled back Wednesday, after a couple of positive reports pushed the solar company up.
The first was the announcement they reached a distribution agreement with Votum, a solar integrator from the Czech Republic. Next was the recent news they were awarded full IEC 61646 certification, the first by a flexible thin film solar module manufacturer.
Ascent Solar's President and CEO Farhad Moghadam said, “This relationship will give us access to a rapidly growing market for BIPV and BAPV applications in the Czech Republic. We also expect that other products in our line-up of flexible, lightweight CIGS modules will be marketed through this relationship. Votum has a sound solar integration business and is an
excellent partner to have for distribution of our products in the Czech
Republic.”
That will allow the company to test the moduels under a variety of conditions. The reason that's significant for them is it will empower Ascent Solar to make a big move into the building integrated PV market, which is the fastest growing segment in the solar industry, with estimates of a $7 billion market emerging within a period of five years.
Ascent was at $5.38, down $0.28, or 4.95 percent, as of 3:38 PM EDT.
The first was the announcement they reached a distribution agreement with Votum, a solar integrator from the Czech Republic. Next was the recent news they were awarded full IEC 61646 certification, the first by a flexible thin film solar module manufacturer.
Ascent Solar's President and CEO Farhad Moghadam said, “This relationship will give us access to a rapidly growing market for BIPV and BAPV applications in the Czech Republic. We also expect that other products in our line-up of flexible, lightweight CIGS modules will be marketed through this relationship. Votum has a sound solar integration business and is an
excellent partner to have for distribution of our products in the Czech
Republic.”
That will allow the company to test the moduels under a variety of conditions. The reason that's significant for them is it will empower Ascent Solar to make a big move into the building integrated PV market, which is the fastest growing segment in the solar industry, with estimates of a $7 billion market emerging within a period of five years.
Ascent was at $5.38, down $0.28, or 4.95 percent, as of 3:38 PM EDT.
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