MUNICH, June 9 (Reuters) – Suntech Power (STP.N: Quote, Profile, Research, Stock Buzz), the
world’s largest solar cell maker, expects its margins to expand
this year, its chief executive said, adding he had no plans to
sell his stake of about 30 percent in the company.
At a time when solar companies such as SunPower (SPWRA.O: Quote, Profile, Research, Stock Buzz),
LDK Solar (LDK.N: Quote, Profile, Research, Stock Buzz) and SMA Solar (S92G.DE: Quote, Profile, Research, Stock Buzz) forecast shrinking
profit margins due to falling module prices and oversupply,
Suntech’s Zhengrong Shi said he was confident the company could
buck the trend. [ID:nN07174923] [ID:nLDE74P0ST]
MUNICH (Reuters) – First Solar, the world’s largest solar company by market value, added its voice on Wednesday to those pointing to a slight recovery in Italy, the industry’s second-largest market.
“Demand has picked up spottily, but it has picked up from zero,” TK Kallenbach, president of First Solar’s components business, told a press conference at Intersolar, the world’s largest solar trade show.
KASSEL, Germany, May 26 (Reuters) – SMA Solar (S92G.DE: Quote, Profile, Research, Stock Buzz), the
world’s largest maker of solar inverters, is gearing up for a
tough defence of its 20 percent-plus profit margins and leading
market share as competition intensifies in the lucrative sector.
“We are looking very, very closely at our competition and
don’t get me wrong — we’re fighting for our customers every
day,” incoming Chief Executive Pierre-Pascal Urbon told the
company’s annual shareholders’ meeting on Thursday.
FRANKFURT, May 18 (Reuters) – SMA Solar (S92G.DE: Quote, Profile, Research, Stock Buzz), the
world’s largest maker of solar inverters, last week posted
stronger-than-expected first-quarter results. [ID:nLDE74B1BJ]
However, the figures also showed that its margin for
earnings before interest and tax (EBIT) — usually close to 30
percent — fell to 5.4 percent in the first three months of the
year, due to high inventories at customers and stronger
FRANKFURT (Reuters) – SMA Solar, the world’s No.1 maker of solar inverters, kept its 2011 outlook, banking on a pick-up in demand in the second half and defying bleak views from competitors for a tough year ahead.
Makers of solar cells and modules, such as First Solar, and Q-Cells, said earlier this month 2011 would be tough as falling government subsidies hit demand.
FRANKFURT, May 13 (Reuters) – SMA Solar (S92G.DE: Quote, Profile, Research, Stock Buzz), the
world’s No.1 solar inverter maker, posted better-than-expected
first-quarter results and kept its outlook for 2011, banking on
a pickup in demand in the second half of the year.
“Since the beginning of the second quarter, demand for our
products has increased slightly,” the company said adding it
still expected a margin for 2011 earnings before interest and
tax (EBIT) of 21 to 25 percent, down from 27.4 percent in 2010.
FRANKFURT, May 11 (Reuters) – Two of Germany’s biggest
renewable companies posted mostly weaker than expected earnings,
eroded by falling government support and pricing pressure that
has clouded the sector’s push following Japan’s nuclear crisis.
German solar wholesaler Phoenix Solar (PS4G.DE: Quote, Profile, Research, Stock Buzz) posted a
wider than expected operating loss of 16.9 million euros ($23.61
million) for the first quarter, and joined peers in warning of a
tough remainder of the year due to lower solar power subsidies.
FRANKFURT/DUESSELDORF, May 10 (Reuters) – Centrotherm
(CTNG.DE: Quote, Profile, Research, Stock Buzz), the world’s No.2 solar equipment maker, stuck to its
outlook when posting forecast-beating results driven by strong
demand from Asia, sending its shares higher.
Centrotherm said on Tuesday it made 84 percent of
first-quarter sales in Asia, home to the largest solar cell and
module makers, which have eaten into Europe’s market share of
the solar industry in recent years.
AMSTERDAM (Reuters) – Strong market swings have led to rising investor demand for index products linked to volatility, according to the chairman of the index committee at McGraw-Hill’s Standard & Poor’s.
“The strongest need for new indexes can be observed with regard to volatility-related (products),” David Blitzer told Reuters in an interview at Inside ETFs Europe, the continent’s biggest ETF conference, adding that demand in the U.S. market was bigger than in Europe.
FRANKFURT, April 29 (Reuters) – French energy major Total
SA’s (TOTF.PA: Quote, Profile, Research, Stock Buzz) landmark $1.37 billion offer for a majority stake
in U.S. company SunPower (SPWRA.O: Quote, Profile, Research, Stock Buzz) gave fresh impetus to hopes
of more deals, lifting European solar firms’ shares.
Total’s move is one of the biggest ever by an oil and gas
giant into the market for renewable energy, which has seen a
resurgence of interest following the nuclear crisis at Japan’s
Fukushima power plant caused by last month’s earthquake.