Christoph's Feed
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.

Jun 27, 2011

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.

Jun 21, 2011

Germany goes back to black in snub to green power

FRANKFURT (Reuters) – Germany is set to turn back to coal, gas and imports to fill the energy chasm left by its fast-track exit of nuclear power, refusing to boost green power and threatening its efforts to lower emissions.

The government permanently shut eight nuclear power plants immediately after the Fukushima crisis in Japan, and is closing the remaining nine in stages up to 2022.

Jun 20, 2011

Analysis: Germany goes back to black in snub to green power

FRANKFURT (Reuters) – Germany is set to turn back to coal, gas and imports to fill the energy chasm left by its fast-track exit of nuclear power, refusing to boost green power and threatening its efforts to lower emissions.

The government permanently shut eight nuclear power plants immediately after the Fukushima crisis in Japan, and is closing the remaining nine in stages up to 2022.

Jun 14, 2011

SolarWorld remains aloof amid M&A spree

FRANKFURT (Reuters) – SolarWorld (SWVG.DE: Quote, Profile, Research, Stock Buzz), Germany’s second-largest solar company by market value, will steer clear of the solar sector’s recent consolidation phase to focus on its own growth, its chief executive said. Asked whether SolarWorld was on the lookout for acquisitions, Frank Asbeck said: “No. We can only grow organically.”

Speaking in an interview on Tuesday during the Reuters Climate and Energy summit, Asbeck, who owns 27.8 percent of SolarWorld, also said he had no intention to give in to M&A approaches to his company. “This is out of the question.”

Jun 14, 2011

Reuters-Summit-SolarWorld won’t take active role in shakeout-CEO

FRANKFURT, June 14 (Reuters) – SolarWorld (SWVG.DE: Quote, Profile, Research, Stock Buzz),
Germany’s second-largest solar company by market value, will
take a muted role in the solar sector’s consolidation phase, its
chief executive said.
Asked whether SolarWorld was on the lookout for
acquisitions, Frank Asbeck said: “No. We can only grow
organically.”

Speaking in an interview on Tuesday during the Reuters
Climate and Energy summit, Asbeck, who holds 27.80 percent in
SolarWorld, also said that he had no intention to give in to M&A
approaches to his company. “This is out of the question.”

    • 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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