Christoph's Feed
May 13, 2011

SMA Solar keeps 2011 outlook, banks on H2

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.

May 11, 2011

Subsidy cuts overshadow Germany’s Phoenix, Nordex

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.

May 10, 2011

Centrotherm Q1 boosted by Asia, keeps outlook

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.

May 6, 2011

Strong demand for volatility indexes – S&P’s Blitzer

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.

Apr 29, 2011

Total’s SunPower bid adds shine to solar M&A

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.

Apr 27, 2011

Solar results to spotlight Italy turmoil, costs

LOS ANGELES/FRANKFURT (Reuters) – For solar panel makers, rising raw material costs and a looming cut in government support for solar power in Italy are likely to upstage first-quarter numbers, when the world’s largest solar companies begin reporting their quarterly results next week.

For months, investors have fretted about an expected change in solar energy incentives in Italy, a market that exploded last year due to generous government support.

Apr 18, 2011

Analysis: Western solar equipment firms feel heat of rising

HONG KONG/FRANKFURT (Reuters) – Chinese companies are attacking the last stronghold of Western dominance in solar power, undercutting bigger rivals and winning orders in the booming $12 billion photovoltaic power equipment industry.

Rapid solar-power expansion in energy-hungry Asia and the ability to provide equipment at much lower rates to an industry looking to cut costs and stay competitive are helping Chinese companies find a firm foothold after elbowing out Western rivals in photovoltaic modules and cells.

Apr 18, 2011

Western solar-equipment firms feel heat of rising China threat

HONG KONG/FRANKFURT (Reuters) – Chinese companies are attacking the last stronghold of Western dominance in solar power, undercutting bigger rivals and winning orders in the booming $12 billion (7.4 billion pounds) photovoltaic power equipment industry.

Rapid solar-power expansion in energy-hungry Asia and the ability to provide equipment at much lower rates to an industry looking to cut costs and stay competitive are helping Chinese companies find a firm foothold after elbowing out Western rivals in photovoltaic modules and cells.

Mar 30, 2011

SMA Solar warns of market slow-down in 2011

FRANKFURT, March 30 (Reuters) – SMA Solar (S92G.DE: Quote, Profile, Research, Stock Buzz),
Germany’s No.1 solar company by market value, warned lower
subsidies could lead to a shrinking solar market in 2011 after
it more than doubled its dividend following record 2010 results.

“Due to changes in support programmes in important European
solar markets, SMA predicts a temporary stagnation in the market
in 2011. A slight downturn in growth cannot be ruled out,” the
company said on Wednesday.

Mar 29, 2011

Cells says subsidy cuts may hit 2011 profit

FRANKFURT (Reuters) – German solar company Q-Cells SE downplayed hopes of an upturn in orders following the Japanese nuclear crisis, warning that profits may fall this year due to subsidy cuts in Europe.

Q-Cells Chief Executive Nedim Cen said that while the company aimed for stable earnings before interest and tax (EBIT) this year, the uncertainty in the market following the Japanese earthquake would make it impossible to rule out falling operating profits.

    • 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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