Christoph's Feed
Aug 12, 2011

SMA Solar posts strong Q2 on foreign demand

FRANKFURT (Reuters) – Strong demand in overseas markets pushed Germany’s SMA Solar (S92G.DE: Quote, Profile, Research, Stock Buzz), the world’s largest maker of solar inverters, to forecast-busting second-quarter profit and confirmation of its ambitious outlook.

The large exposure to foreign markets was a key advantage compared with SMA’s biggest competitor Power-One (PWER.O: Quote, Profile, Research, Stock Buzz), which makes about half of its sales in Italy where demand was hit by falling government subsidies.

Aug 11, 2011

German solar firms see uncertain H2

FRANKFURT (Reuters) – Major solar power companies warned of an uncertain outlook for the industry, faced with oversupply and falling prices as governments in key markets withdraw incentive schemes and Asian competitors circle.

SolarWorld (SWVG.DE: Quote, Profile, Research), Germany’s No.2 solar company by sales, echoed recent comments by global peers when it warned on Thursday that its outlook for higher sales in 2011 may be undermined by free-falling prices and overcapacity.

Aug 11, 2011

German solar firms warn of uncertain H2

FRANKFURT, Aug 11 (Reuters) – Major
solar power companies warned of an uncertain outlook for the
industry, faced with oversupply and falling prices as
governments in key markets withdraw incentive schemes and Asian
competitors circle.

SolarWorld , Germany’s No.2 solar company by sales,
echoed recent comments by global peers when it warned on
Thursday that its outlook for higher sales in 2011 may be
undermined by free-falling prices and overcapacity.

Aug 10, 2011

Writedowns push Q-Cells into heavy Q2 loss

FRANKFURT (Reuters) – Plunging prices for solar cells and writedowns on its plants and inventories led German solar company Q-Cells to reveal a gigantic loss in the second quarter, sending its shares tumbling.

“We’ve been hit very hard by the market environment,” Chief Executive Nedim Cen said in a conference call on Wednesday, pointing to weak demand in Germany, the world’s No.1 solar market, and resulting low capacity utilisation.

Aug 10, 2011

E.ON cuts outlook, div, jobs on nuclear shutdown

FRANKFURT, Aug 10 (Reuters) – E.ON (EONGn.DE: Quote, Profile, Research, Stock Buzz), the world’s
largest utility by sales, joined peers in posting weak half-year
results as Germany’s decision to abandon nuclear power forced it
to slash its profit outlook, its dividend and up to 11,000 jobs.

E.ON said on Wednesday it now expected 2011 adjusted
earnings before interest, depreciation and amortisation (EBITDA)
of 9.1-9.8 billion euros ($12.8-13.8 billion), down from a
previous outlook range of 10.7-11.4 billion.

Aug 4, 2011

Analysis: SMA Solar faces profit margin struggle

FRANKFURT (Reuters) – Europe’s biggest solar company is unlikely to meet profit margin forecasts this year, analysts say, as demand in its largest markets collapses and global competitors start to force down prices.

SMA Solar has long been seen as a cash cow for the sector, treating investors to margins near 30 percent. It is the world’s biggest maker of inverters, which feed solar power from daylight-converting panels into electricity grids.

Jul 29, 2011

After dismal second-quarter, solar outlook brightens

LOS ANGELES/FRANKFURT (Reuters) – Solar investors should brace themselves for some downright dreadful second-quarter earnings reports in the coming weeks, though the rest of the year may provide some relief to battered solar stocks as panel prices stabilize and profit margins recover.

The solar market likely bottomed in the second quarter after pullbacks in subsidies in No. 2 solar market Italy stalled development of projects there this spring, creating an oversupply of solar panels in the market and sparking a more than 20 percent drop in prices.

Jul 29, 2011

After dismal 2nd-qtr, solar outlook brightens

LOS ANGELES/FRANKFURT, July 29 (Reuters) – Solar investors
should brace themselves for some downright dreadful
second-quarter earnings reports in the coming weeks, though the
rest of the year may provide some relief to battered solar
stocks as panel prices stabilize and profit margins recover.

The solar market likely bottomed in the second quarter
after pullbacks in subsidies in No. 2 solar market Italy
stalled development of projects there this spring, creating an
oversupply of solar panels in the market and sparking a more
than 20 percent drop in prices.

Jun 29, 2011

Allianz to decide soon on offshore wind investments

FRANKFURT (Reuters) – German insurer Allianz will decide before the end of the year whether it will add offshore wind parks to its renewable energy portfolio.

“Offshore wind offers significant opportunities to deploy more capital and we’re certainly looking at it,” David Jones, chief executive of Allianz Specialised Investments, a unit of Europe’s biggest insurer, told Reuters in an interview.

Jun 27, 2011

Analysis: Solar companies a tough M&A nut to crack

FRANKFURT (Reuters) – Snatching up a well-managed and profitable solar company has crept up the agenda of every global energy player trying to expand its solar portfolio in a post-Fukushima world.

The nuclear disaster at Japan’s Fukushima plant in the aftermath of a massive earthquake and tsunami in March, and Germany’s subsequent decision to pull out of nuclear power completely, has given extra impetus to the argument for renewable energy.

    • About Christoph

      "I'm responsible for the coverage of German renewable companies, mainly solar, at Reuters News. Previously, I have worked as a correspondent at Thomson Financial News, covering German technology and construction companies."
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