Solar-perle aus Kanada
http://www.i3investor.com/servlets/fdnews/165476.jsp
das bringt wieder schön Geld ein
Es ist ja auch keine Überbewertung vorhanden. Muß langsam nach unten absichern.
...The evidence of how undervalued the company is lies in the company's financial statements and foremost, in its future operational ability.In order to assess Canadian Solar, we should parallel the company to an existing comparable benchmark. Since American solar companies are the only ones left standing, it only makes sense to compare Canadian to one of them.
Based on third-quarter results, SunPower Corporation (SPWR) delivered $0.89 per share on revenue of $657M.......
In summary, SPWR is expected to show earnings of $1.20 for 2014. While probably imperfect, at the double of those shown, SPWR stock has a PE of 12. At $28.85 per share, a closing price on November 25, 2013, future earnings for Canadian at $5 only equates to 5.7 PE. It is only reasonable to expect that Canadian will be at 12 PE during 2014, offering a potential 100% stock increase.
http://seekingalpha.com/article/...ooking-strong-in-2014?source=yahoo
The dispute centers on Canadian Solar’s termination of an agreement to buy materials from LDK after the industry entered its current downturn. An arbitrator ruled a year ago that Canadian Solar owed LDK about 250 million yuan ($40 million) as a result of the contract termination. A court in Canadian Solar’s home province of Jiangsu refused LDK’s request to force Canadian Solar to pay the award in May, but now a higher court is ordering that case be re-heard.
It’s hard to comment too definitively in this matter without knowing more detail; but at least some level of local politics seems to be involved in this case. Chinese courts often favor companies in their home areas, reflecting the high degree of politic influence in China’s judiciary. Thus I wouldn’t be surprised if the court’s May decision to refuse to enforce the $40 million award for LDK came after Canadian Solar applied pressure on the judicial system through its local political connections. So perhaps this latest decision by a higher court represents a slightly positive development for LDK......
http://seekingalpha.com/article/...ts-coal-trina-gets-jv?source=yahoo
Zumindest bis jetzt.
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Wertpapier: Canadian Solar Inc |
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http://online.barrons.com/article/...02604579236524183329270.html?mod
keine Frage,das gab ihnen Auftrieb
The stock vaulted 124% in eight weeks to a Nov. 14 high of 33.25. It has since pulled back 20% in three weeks, making it a potential candidate for an unusual high-tight flag base pattern......
http://news.investors.com/...13-681692-solar-stocks-still-soaring.htm
"We rate Canadian Solar Inc (CSIQ) a HOLD. The primary factors that have impacted our rating are mixed -- some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance and compelling growth in net income. However, as a counter to these strengths, we also find weaknesses including generally higher debt management risk and poor profit margins."
Highlights from the analysis by TheStreet Ratings Team goes as follows:
CSIQ's very impressive revenue growth greatly exceeded the industry average of 9.3%. Since the same quarter one year prior, revenues leaped by 50.6%. Growth in the company's revenue appears to have helped boost the earnings per share.
Powered by its strong earnings growth of 155.44% and other important driving factors, this stock has surged by 1148.31% over the past year, outperforming the rise in the S&P 500 Index during the same period. Regarding the stock's future course, our hold rating indicates that we do not recommend additional investment in this stock despite its gains in the past year.
Canadian Solar Inc reported significant earnings per share improvement in the most recent quarter compared to the same quarter a year ago. This company has reported somewhat volatile earnings recently. But, we feel it is poised for EPS growth in the coming year. During the past fiscal year, Canadian Solar Inc reported poor results of -$4.52 a share vs. -$2.12 a share in the prior year. This year, the market expects an improvement in earnings (66 cents vs. -$4.52).
The gross profit margin for Canadian Solar Inc is rather low; currently it is at 20.41%. Despite the low profit margin, it has increased significantly from the same period last year. Despite the mixed results of the gross profit margin, CSIQ's net profit margin of 5.64% is significantly lower than the industry average.
The debt-to-equity ratio is very high at 2.58 and currently higher than the industry average, implying increased risk associated with the management of debt levels within the company. To add to this, CSIQ has a quick ratio of 0.59, this demonstrates the lack of ability of the company to cover short-term liquidity needs.
http://www.thestreet.com/story/12140640/4/...n-as-market-rallies.html
http://www.thestreet.com/story/12132435/1/...ng.html?cm_ven_int=morej
Right now, some 2,400 solar installations with 43 gigawatts of power are at some stage of the building process. They will make the U.S. the world's third-largest solar market.
Yet, there is an immense bearish pressure being applied to solar energy these days:
Arizona has imposed a fee of roughly $5/month on all solar panels, for connecting to the grid. Such taxes tend to increase with time.
New Mexico has cut solar's share in its renewable energy mix, reducing the value of solar energy credits and increasing the value of those devoted to geothermal energy.
In Europe, which has 76% of the world's solar panel energy (Germany alone has 30% of the total), subsidies have been cut back repeatedly in recent years.
Renewable energy "skepticism" has replaced pure denialism, but its policy choices are the same. Bjorn Lomborg, an adjunct professor in Copenhagen who got his degree at the University of Georgia, is the cover boy for the new movement. In books like Cool It he calls renewable energy subsidies inefficient.
But there are some much better reasons to ignore the solar bears and look favorably on solar stocks like First Solar (FSLR_), up 89% this year; SolarCity (SCTY_), which has nearly tripled in 2013 and SunPower (SPWR_), up a whopping 431% for 2013 alone.
There have also been gains in the previously beaten-down Chinese solar sector. Industry leader Yingli Green (YGE_) is up almost 128%, Hanwha Solarone (HSOL_) is up 256%, and Jinko Solar Holding (JKE) has quadrupled in value this year.
The economics of solar have changed.
The Institute for Global Self Reliance offers a "solar parity map" that shows that, by next year, 18 states will have solar costs in line with those of other grid energy -- without subsidies of any kind.
Add in the 30% federal tax credit due to expire at the end of 2016 and nearly the whole country has already reached parity. When it falls to 10%, only nine states will find solar power uneconomic on those terms.
The solar industry has also learned to tap the capital markets. It started a few years ago, with First Solar finding it could develop large projects for utilities and then sell them on to companies like Mid-American Energy, a unit of Berkshire-Hathaway (BRK.A_).
Now SolarCity has created bonds to finance residential solar energy installations. It sold $50 million this year, and plans to sell $200 million next year, with more due every quarter.
GTM Research says solar economics are due to keep improving. Scale, automation and other new technologies should drive Chinese panel prices down to 36 cents/watt by 2017, with the rate of savings accelerating through the period.
The purpose of subsidies like the solar tax credit and government-subsidized research was always to create a renewable energy sector that could stand on its own and compete directly with fossil fuel energy based on costs.
That goal is being achieved. Solar costs are going to continue to come down while fossil fuel costs are expected to keep rising. With less need for subsidy, solar advocates are also better positioned to go after the fossil fuel industries' tax advantages.
ONTARIO (IT-Times) - Die Canadian Solar Inc. hat eine Kreditvereinbarung mit Harvest North Star Capital, einem chinesischen Finanz-Fonds, unterzeichnet. Das Geld sei für ein Solarenergie-Projekt in Japan eingeplant.
Die Kreditvereinbarung zwischen Canadian Solar und Harvest North Star Capital beläuft sich auf 40 Mio. US-Dollar. Das Kreditvolumen ist in drei Tranchen geteilt. Die Inanspruchnahme der ersten Tranche wird für Dezember 2013 erwartet. Der Kredit soll genutzt werden, um die Entwicklung einiger „ground-mounted“ Solar-Projekte in Japan zu finanzieren, die sich auf insgesamt rund 145,1 MWdc belaufen. Die Konstruktion von rund 40-50 MWdc soll während der ersten Jahreshälfte 2014 beginnen.
http://www.it-times.de/news/nachricht/datum/2013/...gt-frisches-geld/
The company performed strongly in the third quarter 2013. Canadian Solar swung into profit in the reported quarter on the back of higher shipments and revenues. Its third quarter total revenue surged 50.6% year over year and total shipment of solar modules in the first nine months of 2013 was up 11.8% from the comparable prior-year period.
Again, Canadian Solar has already secured 1,015 MW of geographically diversified utility-scale project pipeline, which extends visibility on revenue, profitability and cash flow of its total solution business for the next two to three years. This business accounted for 41.1% of total revenue in the third quarter. With other projects in pipeline, we expect the company to be able to build up from its current position. Currently, it has a solid backlog of 24 projects in the pipeline in Canada and has also secured its presence in the prominent solar markets of U.S., China and Japan......
http://finance.yahoo.com/news/...olar-upped-outperform-135002371.html
MONTREAL , Dec. 10, 2013 /CNW/ - Renewable Energy Systems Canada Inc. (RES Canada ), a leader in the construction of solar and wind projects across Canada , is pleased to announce that it will be constructing two 10 megawatt (MW) solar photovoltaic (PV) facilities for Canadian Solar Solutions Inc. ("Canadian Solar"). The Mighty Solar and Taylor Kidd projects qualify for the province's FIT (feed-in-tariff) program and are scheduled for completion in 2014.
At the peak of construction activity, each project will have more than 250 skilled workers on site. The Mighty Solar project is located near the town of Chesterville , and the Taylor Kidd project is located near the town of Napanee .
http://finance.yahoo.com/news/...ces-construction-20mw-120100443.html
More than 41 percent of the Guelph, Ontario-based company’s third-quarter revenue came from developing solar farms, especially in Canada, up from 22 percent a year earlier. That led to net income of $27.7 million.
Most of Canadian Solar’s manufacturing facilities are in China, where it’s also building solar farms -- power plants comprising rows of photovoltaic panels. Its operations in Canada, where provincial incentives help it sell solar projects for as much as twice what it gets in Asia, set the company apart from Chinese panel makers, said Jenny Chase, an analyst with Bloomberg New Energy Finance.
“The Canadian pipelines were far more profitable,” she said in a phone interview Dec. 3.
Canadian Solar has surged 687 percent this year through yesterday to $26.77, giving it a market value of $1.24 billion. That makes it the best-performing solar company and second on the Nasdaq (CCMP) ....
Canadian Solar is developing about 327 megawatts of projects in Canada on its own and has contracts to build four more for other companies with 169 megawatts of capacity. That pipeline is worth at least C$1.7 billion ($1.6 billion), Chairman and Chief Executive Officer Shawn Qu said on a Nov. 13 conference call with analysts.
“Our success is being mainly driven by our total solutions business,” which develops and sells solar farms, Qu said on the call. “We are making major progress in our business transformation from a module manufacturer into a one-stop shop and provider of solar power solutions.” .....
In China, the company expects to complete construction on 40 megawatts worth of projects this quarter and it has 278 megawatts of “late-stage projects” in Japan, Qu said on the call.
Demand for solar power has surged in Ontario since the province introduced in 2009 a feed-in tariff, which ensures above-market rates for electricity from photovoltaic panels and other renewable sources. ......The incentives drove up profit for Canadian Solar. At least one of its projects sold in Canada this year for about $4 a watt, double the price it’s getting in China, Chase said.
That pipeline makes Canadian Solar “the best-positioned solar company for growth in profitability” Nitin Kumar, a Singapore-based analyst at Nomura Holdings, wrote in a Nov. 26 note to investors. “We think valuations are still very attractive and investors’ confidence should continue to grow.” He rates the stock a buy with a 12-month price target of $42. .
http://www.bloomberg.com/news/2013-12-12/...s-of-power-projects.html?
+5,45% heute und nachbörslich +0,71%
http://www.it-times.de/news/nachricht/datum/2013/...larfarmen-an-pseg
Jetzt schaue ich halt mal zu...
Viel Glück allen investierten!
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Wertpapier: Canadian Solar Inc |
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