Christoph's Feed
May 27, 2010

China remains good buy-in case, says BlackRock

FRANKFURT (Reuters) – Cheap stocks and robust consumption by its middle class are reason to buy into China now, even though markets have turned cautious on the world’s No.3 economy, a fund manager at BlackRock told Reuters.

“The sentiment (regarding investing in China) is quite different from 6-8 months ago. And we are not immune to these concerns. There is risk, but we do think that it is a good opportunity to invest in the country, due to low valuations and strong consumption,” Jing Ning, portfolio manager at BlackRock, said in an interview on Thursday.

May 24, 2010

Small industrial, luxury stocks gain from euro, BRICs

BRUSSELS/FRANKFURT (Reuters) – Small engineering and luxury products companies in Europe could outperform larger competitors in the current market squeeze as the falling euro accentuates the benefits of emerging market demand.

Small-cap stocks tend to underperform larger peers during downturns and outperform during economic recoveries and since the Greek sovereign debt crisis has hit markets, small companies in Europe have lost almost twice as much as their bigger rivals.

May 20, 2010

Does SolarWorld’s buyback make it a buy case?

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]
[ID:nWEA200]

May 17, 2010

Sharp sees European solar sales above 500 million euros

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.

May 14, 2010

SMA Solar unable to meet demand in Q2, shares down

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.

May 12, 2010

Solar results reflect strong demand; shares slip

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.

May 11, 2010

Germany’s solar elite wary on demand, prices in 2011

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.

May 11, 2010

Solar players wary on 2011 after first quarter demand boost

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.”

May 11, 2010

Solar players wary on 2011 after Q1 demand boost

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.”

May 4, 2010

Lufthansa posts wider-than-expected loss in Q1

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.

    • 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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