FRANKFURT, May 20 (Reuters) – SolarWorld’s <SWVG.DE> share
buy-back has renewed investor interest in the company’s stock,
which hit a four-year low last week after first-quarter profit
missed estimates. [ID:nWEA1455]
Solarworld, Germany’s biggest solar company by revenue, said
on Thursday that so far it had bought back 1.4 million shares at
an average price of 9.46 euros ($11.75). It plans to buy back up
to 10 percent of the company’s share capital. [ID:nWEA3255]
FRANKFURT (Reuters) – Sharp Corp, the world’s No.3 maker of solar cells, sees revenues from its cell business growing by more than 10 percent in the current fiscal year on strong German demand, a company executive told Reuters.
“We aim for sales of more than 500 million euros ($616.2 million) in Europe,” Peter Thiele, the executive vice president of its European solar activities, said in an interview late on Monday, adding last year’s sales came in at about 450 million.
FRANKFURT (Reuters) – SMA Solar, the world’s No.1 maker of solar inverters, warned it could not fully meet strong demand in the second quarter due to component shortages, sending its shares more than 2 percent lower.
“The inadequate supply of electronic components affects not only all inverter manufacturers but a number of other sectors as well,” SMA Solar Technology AG Chief Executive Guenther Cramer said in a statement on Friday.
FRANKFURT/LOS ANGELES (Reuters) – U.S. solar company SunPower posted a weaker-than-expected quarterly profit on Tuesday, while German solar companies and a Chinese rival benefited from brisk demand for the renewable energy source.
But solar stocks fell across the board as good results were not good enough for investors expecting blowout sales numbers, and looming cuts in Germany’s industry subsidies weighed on expectations.
FRANKFURT/LOS ANGELES (Reuters) – Germany’s top solar companies warned that demand and prices for solar panels could fall off sharply after government subsidy cuts in their domestic market, the world’s largest, kick in later in the year.
Once spoiling investors with lavish returns, the solar sector is in the process of consolidation as governments cap support for the subsidy-dependent industry to move it closer to being economically independent.
FRANKFURT (Reuters) – Germany’s top solar companies warned an ongoing drop in prices for cells and modules could hit profits after releasing mostly better-than-expected results on strong demand in their home market, the world’s biggest.
“I am quite optimistic for business in the second half of the year,” Nedim Cen, the 44-year-old chief executive of Q-Cells, said during a conference call. “But I’m concerned that further price decreases could kick in 2011.”
FRANKFURT, May 11 (Reuters) – Germany’s top solar companies
warned an ongoing drop in prices for cells and modules could hit
profits after releasing mostly better-than-expected results on
strong demand in their home market, the world’s biggest.
“I am quite optimistic for business in the second half of
the year,” Nedim Cen, the 44-year-old chief executive of Q-Cells
<QCEG.DE>, said during a conference call. “But I’m concerned
that further price decreases could kick in in 2011.”
FRANKFURT (Reuters) – Deutsche Lufthansa posted a bigger-than-expected first-quarter operating loss as high fuel costs, strike measures, a harsh winter and the lagging performance at some of its units weighed on earnings.
Its operating loss widened to 330 million euros ($439.5 million) from 44 million a year earlier, the German flagship carrier said on Tuesday, publishing key first-quarter results a day ahead of schedule.
FRANKFURT (Reuters) – There is still cash to be reaped from beaten renewable energy stocks, as governments will continue to pump cash into the sector, even after large subsidy cuts, a fund manager at Deutsche Bank asset management arm DWS told Reuters.
“In our view, the renewable story remains intact, which is why 43 percent of our portfolio is invested in solar and wind. And we see further upside here,” Nicolas Huber, manager of the DWS Invest New Resources fund, said in an interview on Friday.
LOS ANGELES/FRANKFURT (Reuters) – Analysts are predicting solar companies will report strong first-quarter sales but say profit margins could suffer, keeping their share prices from benefiting.
Higher-than-expected sales estimates this month from China’s JA Solar and U.S.-based Evergreen Solar have boosted expectations for the sector, as demand for panels that turn sunlight into electricity rebounds sharply from 2009.