Christoph's Feed
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.”

Jun 9, 2011

Suntech CEO sees margin expansion, to keep stake

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]

Jun 8, 2011

First Solar sees slight recovery in Italy: exec

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.

May 26, 2011

SMA Solar fights to defend market share, margins

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.

May 18, 2011

SMA Solar: safe bet or hot potato?

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
competition.

May 13, 2011

SMA Solar defies sector gloom

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.

    • 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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