Christoph's Feed
Feb 15, 2011

Solar earnings may show demand fears are overblown

FRANKFURT/LOS ANGELES (Reuters) – Solar power companies are likely to surprise investors this earnings season with bright outlooks for 2011 as Italy and the United States ratchet up demand for panels following a cut in government support in the world’s largest solar market, Germany.

Fears of a deep regulatory overhaul in Europe have overshadowed solar stocks in recent months, pressuring valuations as investors fretted that subsidy cuts in Germany, France and other markets would cause an oversupply of solar panels that would send panel prices down dramatically and hurt manufacturers’ profits.

Feb 7, 2011

SolarWorld lifts sector with strong results

FRANKFURT (Reuters) – Strong results from German solar energy firm SolarWorld and an upbeat outlook on the U.S. market lifted shares in the battered solar energy sector on Monday.

Profits from the industry number two in Germany, the world’s biggest solar market, beat analysts forecasts by about 17 percent and it predicted higher sales this year — with strong U.S. demand making up for the overcapacity and worries over the future of state subsidies in Germany.

Feb 2, 2011

Phoenix Solar to pay good dividend: CEO

FRANKFURT (Reuters) – German solar wholesaler Phoenix Solar plans to share its 2010 profits with investors, its chief executive said, while cautioning that the German market, the industry’s biggest, would decline this year.

Phoenix Solar, along with peers SolarWorld and SMA Solar, is one of the very few sector companies in Germany that regularly pays out a dividend. For 2009, the company paid 0.20 euros ($0.28) a share, when net profit reached 8.6 million euros.

Feb 2, 2011

Centrosolar sees M&A interest, but not now

FRANKFURT (Reuters) – German solar company Centrosolar, often the subject of M&A speculation, expects to attract the interest of larger market players, although not in the short-term, its chief executive said.

“I think that a big company will approach us at some point,” Alexander Kirsch told Reuters in an interview on Wednesday.

Jan 21, 2011

No end in sight to India’s growth boom – Goldman

FRANKFURT (Reuters) – Indian stocks remain a clear buy for the next few years because inflation fears and concerns about overvaluation are unjustified, Goldman Sachs Asset Management’s chief investment officer for India said.

Thomson Reuters StarMine showed Indian equities trade at 13.5 times estimated 12-month forward earnings, the highest multiple among high-growth emerging markets dubbed BRIC (Brazil, Russia, India, China).

Dec 17, 2010

Ghosts of the Cold War haunt hotel

FRANKFURT (Reuters) – The Berlin Wall came tumbling down two decades ago, but you can still revel in the rural holiday splendor enjoyed by the man whose iron rule of East Germany crumbled with the collapse of communist power.

Just an hour’s drive north of Berlin deep in the woods of eastern Germany, visitors will find a unique blend of communist and feudal spirits alive at the holiday retreat formerly reserved for German Democratic Republic leader Erich Honecker.

Dec 17, 2010

Ghosts of the Cold War haunt east German hotel

By Christoph Steitz

FRANKFURT (Reuters Life!) – The Berlin Wall came tumbling down two decades ago, but you can still revel in the rural holiday splendor enjoyed by the man whose iron rule of East Germany crumbled with the collapse of communist power.

Just an hour’s drive north of Berlin deep in the woods of eastern Germany, visitors will find a unique blend of communist and feudal spirits alive at the holiday retreat formerly reserved for German Democratic Republic leader Erich Honecker.

Dec 8, 2010

Germany’s DAX seen continuing recovery in 2011: Reuters poll

FRANKFURT (Reuters) – Germany’s benchmark DAX index

may reach a nearly four-year high by the end of 2011, a Reuters poll showed, as strong growth in emerging markets could help the country’s export-oriented economy, Europe’s largest.

The DAX, consisting of Germany’s top 30 stocks, was seen at 7,400 points by mid-2011, up nearly 6 percent from Tuesday’s close at 7,001.91, and significantly higher than the 6,750 predicted in the September poll, according to the median of 30 equity strategists.

Dec 2, 2010

Infineon says to fight Qimonda legal action

FRANKFURT/PARIS, Dec 2 (Reuters) – German chipmaker Infineon
(IFXGn.DE: Quote, Profile, Research, Stock Buzz) said it would defend itself vigorously against legal
action by the insolvency administrator of Qimonda, its former
memory chip unit, seeking an unspecified payment.

“We are firmly convinced that we have done nothing wrong,”
an Infineon spokesman said on Thursday, adding that the company
would defend itself against this action and pursue all avenues
of legal proceedings.

Nov 14, 2010

Analysis: Is there a “Made in Germany” premium for solar?

FRANKFURT (Reuters) – Sprucing up your company profile by hiring a popular soccer player and a former international TV celebrity to star in advertisements may be run of the mill marketing for some.

For a solar company, it may give the edge needed to survive in a fiercely competitive and fast-changing environment.

    • 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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