Energy Conversion Devices and First Solar Aim to Put Challenging Year Behind Them
15 11월 2011 - 10:16PM
Marketwired
The number of headwinds facing the solar sector has grown
considerably. The bankruptcy of several high-profile US solar
companies has weighed heavily on solar stocks of late, while in
China, environmental concerns are causing a dent in solar's clean
energy reputation. The Paragon Report examines investing
opportunities in the Solar Industry and provides equity research on
Energy Conversion Devices, Inc. (NASDAQ: ENER) and First Solar,
Inc. (NASDAQ: FSLR). Access to the full company reports can be
found at:
www.paragonreport.com/ENER www.paragonreport.com/FSLR
Solar Energy's "environmentally friendly" reputation took a hit
last quarter in the aftermath of an environmental crisis at a
JinkoSolar facility in Haining, in Zhejiang Province. More than 500
villagers near Haining in eastern Zhejiang province overturned
eight vehicles and damaged four police cars in protests at
JinkoSolar's factory last weekend, according to footage from a
local television report posted on the website of the city's
government. Protesters gathered for a third day on Sept. 17 to
demand an explanation for the death of fish last month, the
official Xinhua News Agency reported.
Solar stocks were already reeling after the Obama-supported
solar panel maker Solyndra filed for Chapter 11 bankruptcy
protection, saying it could not compete with overseas rivals with
cheaper products. Adding more fuel to the fire, solar energy
product maker Energy Conversion Devices Inc. said earlier this
month that it has temporarily suspended manufacturing and is
planning about 500 job cuts. Energy Conversion Devices has been
restructuring its operations since May. It said it expects to
return to normal production levels within 60 days.
The Paragon Report provides investors with an excellent first
step in their due diligence by providing daily trading ideas, and
consolidating the public information available on them. For more
investment research on the solar industry register with us free at
www.paragonreport.com and get exclusive access to our numerous
stock reports and industry newsletters
There remains some optimism that the long term growth prospects
remain strong in the solar industry. Based on a study looking at
five major solar markets -- Germany, Italy, France, Spain and
Britain -- the European Photovoltaic Industry Association (EPIA)
said that power generated from solar modules in Europe could be
competitive in relation to conventional forms of energy by the end
of the decade. "Under the right policy and market conditions, PV
competitiveness with grid electricity can be achieved in some
markets as early as 2013, and then spread across the continent in
the different market segments by 2020," EPIA said.
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that all investment entails inherent risks. Please view the full
disclaimer at http://www.paragonreport.com/disclaimer
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