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.
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.
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.
FRANKFURT (Reuters) – Two of Europe’s biggest solar power equipment companies are to make foreign sales a priority next year, as a cut in generous subsidies is expected to hit demand at home in Germany, the world’s biggest solar market.
Lower subsidies on tariffs for new solar power generators in Germany, which accounts for about half the global solar market, are expected to cool demand for new installations next year.
FRANKFURT, Nov 12 (Reuters) – Two of Europe’s biggest solar
power equipment companies are making foreign sales a priority
next year as a cut in subsidies is expected to hit demand at
home in Germany, the world’s biggest solar market.
Lower subsidies supporting solar power generators in Germany
are expected to cool demand for new installations to about 6
gigawatts (GW) next year, down from an expected 8-9 GW this
year, and accounting for about half the global equipment market.
FRANKFURT, Nov 11 (Reuters) – Debt-laden solar power
equipment company Conergy (CGYG.DE: Quote, Profile, Research, Stock Buzz) has re-entered talks with
banks after an independent review concluded that its balance
sheet needs restructuring, it said on Thursday, almost four
months after it struck an initial refinancing deal.
Conergy has been piling up losses in recent years after it
ran into trouble by expanding into too many parts of the
renewable energy industry. Since then, the company has been
going through a painful phase of restructuring, leading it to
raise capital, streamline its activities and cut costs.
FRANKFURT (Reuters) – Solar wholesaler Phoenix Solar and equipment supplier Centrotherm declined to give outlooks for 2011 on Wednesday, as subsidy cuts in the key German market dampen demand.
A day earlier, shares in Chinese peers JA Solar Holdings and Solarfun fell, despite delivering strong quarterly results and outlooks, as investors remain concerned that falling subsidies could curb margins.
FRANKFURT (Reuters) – German solar wholesaler Phoenix Solar expects demand for solar modules to recover after a dismal third quarter in Germany, the world’s No.1 solar market, but does not see booming demand in the year-end period.
“We still expect good business at the end of the year, but it won’t be a year-end rally,” Phoenix Solar’s Chief Executive Andreas Haenel told Reuters in an interview on Wednesday.
FRANKFURT/LOS ANGELES, Oct 26 (Reuters) – Ballooning demand
in the world’s largest solar power market, Germany, will help
companies in the sector deliver stellar third-quarter results,
analysts say, and they expect prospects for next year to
Large cuts in feed-in tariffs in Germany, Europe’s largest
economy, had fuelled concerns that next year could see a sharp
decline in demand in the country that accounts for about half of
the world market.
FRANKFURT (Reuters) – Germany’s battered solar stocks could take a further hit as fears of a fresh cut in sector subsidies and a cap on new installations outweigh a recent pick-up in earnings momentum.
A surge in renewable energy capacity added in Germany this year will lead the levy that consumers pay on their electricity bills for green power to rise to 13 billion euros ($18.1 billion) in, or 60 euros per household per year, the country’s grid operators said earlier this month.