It's been a little over a month since Suntech Power (NYSE: STP ) refused to pay bondholders the money they were owed, which eventually left the company's Chinese operations in insolvency. The company isn't quite bankrupt yet, but all indications are that it's headed that way, because even Chinese banks want to liquidate operations.
Today, LDK Solar (NYSE: LDK ) , which is the second largest maker of solar wafers, said it has "partially defaulted" on $23.8 million in bonds due yesterday. The company negotiated a settlement with holders of $16.6 million of the bond and is "ready and willing" to discuss a settlement with the others. �
Keep this in mind: If LDK doesn't have enough cash to pay $23.8 million in loans, how could it ever repay the $3.1 billion in debt on its balance sheet? It doesn't look good for LDK Solar.
A step closer to the edge
The way LDK Solar is playing out right now is similar to what happened to Suntech Power last month. Suntech originally said 60% of bondholders agreed to a delay in payment, but the other bondholders didn't, and Chinese banks that were also owed money took the Chinese subsidiary into insolvency.
Hot Electric Utility Stocks To Invest In 2015: Real Goods Solar Inc.(RSOL)
Real Goods Solar, Inc. operates as a residential and commercial solar energy integrator primarily in California and Colorado. The company provides engineering, procurement, and construction services. It offers various turnkey solar energy services, including design, procurement, permitting, build-out, grid connection, financing referrals, and warranty and customer satisfaction services. The company installs residential and small commercial systems that range between 3 kilowatts and 1 megawatt output. It also engages in the retail sale of renewable energy products. The company was founded in 1978 and is based in Louisville, Colorado.
Advisors' Opinion:- [By John Udovich]
Small cap solar stock Andalay Solar Inc (OTCMKTS: WEST) has largely cratered for investors�verses solar stock peers Real Goods Solar, Inc (NASDAQ: RSOL) and SolarCity Corp (NASDAQ: SCTY), but is the company finally turning itself around after a failed deal to be acquired?
Top 10 Solar Stocks To Invest In 2014: Renesola Ltd.(SOL)
ReneSola Ltd, together with its subsidiaries, engages in the manufacture and sale of solar wafers and solar power products. It offers virgin polysilicons, monocrystalline and multicrystalline solar wafers, and photovoltaic cells and modules. The company also provides cell and module processing services. Its products are used in a range of residential, commercial, industrial, and other solar power generation systems. The company sells its solar wafers primarily to solar cell and module manufacturers. It principally operates in Mainland China, Singapore, Taiwan, Hong Kong, Korea, India, Australia, Germany, Italy, Spain, Belgium, France, the Czech Republic, and the United States. The company was founded in 2003 and is based in Jiashan, the People?s Republic of China.
Advisors' Opinion:- [By Rich Duprey]
Photovoltaic module and wafer manufacturer ReneSola (NYSE: SOL ) has been contracted to�provide 7,200 250-watt high-efficiency polycrystalline solar PV modules for a project in Roswell, N.M.
- [By Travis Hoium]
There will be winners, though. Shares of polysilicon maker Renewable Energy fell 7% in trading immediately after the announcement because the company will likely see either lower prices or lower demand. But shares of GCL Poly, who manufactures in China and is the biggest polysilicon maker in the world, jumped 4% on Friday after the news was announced.�Renesola� (NYSE: SOL ) and LDK Solar� (NYSE: LDK ) also have lots of unused polysilicon capacity that will likely experience more demand because of the move. The question is if they have sufficient quality to supply the industry.
- [By Claudia Assis]
Top gainers in the solar sector included SolarCity Corp. (SCTY) , with shares up 0.8%. U.S.-listed shares of ReneSola Ltd. (SOL) �rose 3.1%.
Top 10 Solar Stocks To Invest In 2014: Canadian Solar Inc.(CSIQ)
Canadian Solar Inc. engages in the design, development, manufacture, and sale of solar power products in Canada and internationally. The company offers solar cell and solar module products that convert sunlight into electricity for various uses. Its products include a range of standard solar modules for use in a range of residential, commercial, and industrial solar power generation systems. The company also designs and produces specialty solar modules and products consisting of customized modules that its customers incorporate into their products, such as solar-powered bus stop lighting; and specialty products, such as portable solar home systems and solar-powered car battery chargers. In addition, it sells solar system kits, a package consisting of solar modules produced by it and third party supplied components, such as inverters, racking system, and other accessories, as well as implements solar power development projects. The company sells its products under the Canad ian Solar brand name. Canadian Solar Inc. offers its standard solar modules through a direct sales force and sales agents primarily to distributors, system integrators, and original equipment manufacturer customers, as well as to solar projects; and specialty solar modules and products to the automotive, telecommunications, and light-emitting diode lighting sectors. The company was founded in 2001 and is based in Kitchener, Canada.
Advisors' Opinion:- [By Rich Duprey]
Solar power shop Canadian Solar (NASDAQ: CSIQ ) has landed the biggest engineering, procurement, and construction (EPC) contract in its history, for a 130-megawatt utility-scale solar power plant being built�in conjunction with�Grand Renewable Solar, a project�developed by�Samsung Renewable Energy, the company announced today.
- [By Eric Volkman]
Start scratching names off the asset list of Canadian Solar (NASDAQ: CSIQ ) . The company announced that it has closed the sale of Brockville 1, a 10 megawatt AC solar power plant. The buyer is TransCanada (NYSE: TRP ) , and the plant is one of nine that TransCanada will ultimately take over from its national peer. All told, the nine plants have a combined capacity of 86 megawatts.
- [By Jake L'Ecuyer]
Leading and Lagging Sectors
In trading on Tuesday, technology shares were relative leaders, up on the day by about 0.12 percent. Leading the sector was strength from Aeroflex Holding (NYSE: ARX) and Canadian Solar (NASDAQ: CSIQ). Cyclical consumer goods & services shares declined around 0.71 percent in Tuesday's trading. - [By Jason Shubnell]
Leading and Lagging Sectors
Technology stocks gained Friday, with Parametric Sound (NASDAQ: PAMT) leading advancers after the company provided post merger update and outlook. Among the leading sector stocks, gains came from 21Vianet Group (NASDAQ: VNET), BlackBerry (NASDAQ: BBRY), Canadian Solar (NASDAQ: CSIQ), and Veeco Instruments (NASDAQ: VECO).
In trading on Friday, utilities shares rose by just 0.06 percent. Among the sector stocks, Exterran Partners LP (NASDAQ: EXLP) was down more than 4.8 percent, while PG&E (NYSE: PCG) tumbled around 3.75 percent.
Top Headline
BlackBerry (NASDAQ: BBRY) posted a narrower-than-expected fourth-quarter loss.
BlackBerry posted a quarterly net loss of $423 million, or $0.80 per share, versus a year-ago profit of $98 million, or $0.19 per share. Its loss from continuing operations came in at $423 million, or $0.80 per share, compared to a year-ago profit of $94 million, or $0.18 per share. BlackBerry�� adjusted loss from continuing operations came in at $0.08 per share.
Its revenue slipped 64% to $976 million. However, analysts were estimating a loss of $0.56 per share on revenue of $1.17 billion. BlackBerry sold around 3.4 million smartphones in the quarter.
Equities Trading UP
Finish Line (NASDAQ: FINL) shares shot up 3.64 percent to $27.44 after the company posted better-than-expected fourth-quarter earnings.
Top 10 Solar Stocks To Invest In 2014: JA Solar Holdings Co. Ltd.(JASO)
JA Solar Holdings Co., Ltd., through its subsidiaries, engages in the design, development, manufacture, and sale of photovoltaic solar cells and solar products, which convert sunlight into electricity in the People's Republic of China. The company?s principal products include monocrystalline and multicrystalline solar cells, as well as various solar modules. It also provides silicon wafer and solar cell processing services. The company sells its products primarily under the JA Solar brand name, as well as produces equipment for original equipment manufacturing customers under their brand names. It sells its solar cell and module products primarily to module manufacturers, system integrators, project developers, and distributors in the Germany, Italy, the United States, Hong Kong, Spain, India, the Czech Republic, France, and South Korea. The company has strategic partnerships with various solar power companies, such as BP Solar, Solar-Fabrik, and MEMC/SunEdison. JA Solar Holdings Co., Ltd. was founded in 2005 and is based in Shanghai, the People?s Republic of China.
Advisors' Opinion:- [By Paul Ausick]
Big earnings movers: Campbell Soup Co. (NYSE: CPB) is down 3.2% at $43.30. Corinthian Colleges Inc. (NASDAQ: COCO) is down 10.3% at $2.34. JA Solar Holdings Co. Ltd. (NASDAQ: JASO) is down 6.9% at $7.40.
Top 10 Solar Stocks To Invest In 2014: Yingli Green Energy Holding Company Limited(YGE)
Yingli Green Energy Holding Company Limited, together with its subsidiaries, engages in the design, development, manufacture, marketing, sale, and installation of photovoltaic (PV) products in the People?s Republic of China and internationally. The company offers PV cells, PV modules, and integrated PV systems, as well as polysilicon ingots, blocks, and wafers. It sells its PV modules to distributors, wholesalers, power plant developers and operators, and PV system integrators in Germany, the United States, Italy, China, Spain, the Netherlands, Greece, the Czech Republic, the United Kingdom, South Korea, and Japan under the Yingli and Yingli Solar brand names. The company also offers its integrated PV systems directly to end-users or to contractors for use in the electricity projects, as well as to mobile communications companies in the People's Republic of China. Yingli Green Energy Holding Company Limited was founded in 1998 and is headquartered in Baoding, the People? s Republic of China.
Advisors' Opinion:- [By Travis Hoium]
Europe cuts solar lifeline -- solar lives on
Europe has been even more aggressive cutting subsidies the solar industry once relied on. Germany began 2011 with feed-in tariffs that ranged from 0.29 euros per kilowatt-hour for a rooftop system to 0.21 euros per kW-hr for a large ground-mounted system. Today, a rooftop system will earn 0.165 euros per kW-hr and a utility scale system will earn 0.195 euros per kW-hr. The driver of feed-in tariff reductions is the rapidly falling cost of solar. We talk about how the flood of cheap Chinese panels affect prices and competition here in the U.S., but solar giants Yingli Green Energy (NYSE: YGE ) and Trina Solar (NYSE: TSL ) count on Europe for most of their demand, and they're responsible for a lot of the drop in costs there.
Top 10 Solar Stocks To Invest In 2014: Peabody Energy Corporation(BTU)
Peabody Energy Corporation engages in the mining of coal. It mines, prepares, and sells thermal coal to electric utilities and metallurgical coal to industrial customers. The company owns interests in 30 coal mining operations located in the United States and Australia, as well as owns joint venture interest in a Venezuela mine. It is also involved in marketing, brokering, and trading coal. In addition, the company develops a mine-mouth coal-fueled generating plant; and Btu Conversion projects that are designed to convert coal to natural gas or transportation fuels; and clean coal technologies. As of December 31, 2011, it had 9 billion tons of proven and probable coal reserves. The company was founded in 1883 and is headquartered in St. Louis, Missouri.
Advisors' Opinion:- [By Ben Levisohn]
Alpha Natural Resources (ANR) has dropped 23% in 2013, while Arch Coal (ACI) has fallen 39% and Peabody Energy (BTU) is off 28%. Only Consol Energy (CNX) among the larger miners is up this year, having gained a stock-market lagging 15% after saying it would look for ways to reduce its exposure to the business.
- [By Ben Levisohn]
Goldman Sachs analysts�Neil Mehta and Vinit Joshi�started Consol Energy at Neutral in a report dated yesterday, while stating their preference for Peabody Energy (BTU) SunCoke Energy (SXC). Mehta and Joshi explain why they remain on the sidelines:
- [By Aaron Levitt]
Simply put, the coal stocks trio of Peabody Energy (BTU), Alpha Natural Resources (ANR) and Cloud Peak Energy (CLD) could be some of the biggest bargains out all energy stocks.
Top 10 Solar Stocks To Invest In 2014: First Solar Inc.(FSLR)
First Solar, Inc. manufactures and sells solar modules using a thin-film semiconductor technology. It also designs, constructs, and sells photovoltaic solar power systems. The company?s solar modules employ a thin layer of semiconductor material to convert sunlight into electricity. Its integrated solar power systems activities include the project development; engineering, procurement, and construction services; operating and maintenance services; and project finance. The company sells solar modules to project developers, system integrators, and operators of renewable energy projects; and solar power systems to investor owned utilities, independent power developers and producers, and commercial and industrial companies, as well as other system owners. It operates in the United States, Germany, France, Canada, and internationally. The company was formerly known as First Solar Holdings, Inc. and changed its name to First Solar, Inc. in 2006. First Solar was founded in 1999 a nd is headquartered in Tempe, Arizona.
Advisors' Opinion:- [By Jayson Derrick]
Analysts at Citigroup maintained a Buy rating on First Solar (NASDAQ: FSLR) with a price target raised to $87 from a previous $63. Shares gained 1.84 percent, closing at $69.72.
- [By Travis Hoium]
First Solar (NASDAQ: FSLR ) asked for another infusion of cash this week, and with one of the best balance sheets in solar, it's reasonable to wonder why the company needs more money from investors. It ended last quarter with $1.3 billion in cash, restricted cash, and securities, and just $562.2 million�in long-term debt, better than every other publicly traded company in solar.
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