Posts Tagged ‘solar stocks’

Solar Panel Glut

Solar stock lovers, here are a few articles reporting a glut in solar panels likely to persist for years. - Ilene

Solar Panel Glut Will Scorch Small Players (CSIQ, FSLR, SPWRA)

solar panelsCourtesy of Lawrence Delevingne at Clusterstock

The predicted story of 2009 for solar — crushed demand leading to a major glut in panels — is playing out even worse than expected.

A new report from research firm DisplaySearch says solar panel production is up 56% this year versus last, while demand is down 17%.

This wild imbalance will clobber the small fish in the market.

Charles Annis, author of the DisplaySearch report, tells us to expect "rapid price declines, building inventories, lower profit margins, losses for many, and likely some industry consolidation."

It’s not all bad. "The current ‘Solar Cycle’ is severe due to changes in policy and the economy, but another boom will come and the industry will continue to grow and mature."

Stefan de Haan, senior analyst of photovoltaics at iSuppli says the over-supply is going to be monstrous. "Our actual numbers translate into a module oversupply of 90% this year. This is the peak of the module "glut". From 2010 on, the situation will ease due to adjusted production volumes and increased end-user demand."

So, who’s in trouble? iSuppli’s de Haan mentions Solon (one of the biggest European producers) and new polysilicon manufacturers using the "Siemens" process, many of them from China.

Climatewire points to to Advent Solar, DayStar Technologies and Blue Square Energy as "among the solar companies in the United States that are feeling the pinch and could be shaky."

But why are big fish like First Solar (FSLR), SunPower (SPWRA) and Canadian Solar (CSIQ) — who all turned in good second quarter financial results — doing well?

"In most cases, costs will be decisive," says de Haan. First Solar benefits from a cost advantage, SunPower has a better brand so it can command a premium, and "they benefit from the developing Californian market – small in absolute numbers, but growing significantly."

Adds Annis: "The PV supply chain is very broad based. The effects of the glut affect different companies quite differently. The companies you mention are all market leaders, are vertically integrated, benefit from scale of manufacturing and long term supply contracts. They have low costs per watt and even with the dramatic reduction in module pricing, costs…
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Zero Hedge

Italy's Luigi Di Maio Resigns As Five Star Leader

Courtesy of ZeroHedge View original post here.

With his once-vanquished partner-turned-rival Matteo Salvini breathing down his neck, Luigi Di Maio, the longtime leader of Italy's anti-establishment, left-of-center Five Star Movement, has stepped down from his position at the head of the party, though he will continue to serve as Italy's foreign minister in a coalition government with the centrist Democrats.

Di Maio

News of Di Maio's departure is a harbinger of more political turbulence in a...



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Insider Scoop

Economic Data Scheduled For Wednesday

Courtesy of Benzinga

  • The MBA's index of mortgage application activity for the latest week is schedule for release at 7:00 a.m. ET.
  • The Chicago Fed National Activity Index for December will be released at 8:30 a.m. ET.
  • The Johnson Redbook Retail Sales Index for the latest week is schedule for release at 8:55 a.m. ET.
  • The FHFA house price index for November will be released at 9:00 a.m. ET.
  • Existing home sales report for December is schedule for release at 10:00 a.m. ET.

Posted-In: Economic DataNews ...



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Phil's Favorites

Oil Is The Only Way Back Up For Venezuela

Courtesy of OilPrice.com, Editorial Dept.

There’s only one path to rebuilding Venezuela, and it’s paved with oil. For the time being, that path leads nowhere.

The key to controlling everything now lies with the National Assembly, the only body with the power to hand out oil licenses—and Maduro’s recent scheme to retake control of the country’s oil may just have been foiled by more Trump sanctions. 

Venezuela is the 12th largest oil producer in the world and home to the world’s largest oil reserves--all of which is irrelevant as long as it remains in the throes of a deep economic and ...



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Kimble Charting Solutions

Hang Seng Index Double Topping At 2007 Highs?

Courtesy of Chris Kimble

Could the Hang Seng Index be “Double Topping” at its 2007 highs? Possible, yet not proven!

The Hang Seng Index attempted to break above its 2007 highs at (1), only to see a key reversal pattern take place the following month.

After the reversal pattern, the index has created a series of lower highs, just below falling resistance.

So far this month, the index is attempting to break above falling resistance, where it could be created a bearish reversal monthly pattern at (2).

What would it take to prove that a double top was i...



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Chart School

RTT browsing latest..

Courtesy of Read the Ticker

Please review a collection of WWW browsing results. The information here is delayed by a few months, members get the most recent content.



Date Found: Monday, 16 September 2019, 05:22:48 PM

Click for popup. Clear your browser cache if image is not showing.


Comment: This chart says SP500 should go back to 2016 levels (overshoot will occur of course)



Date Found: Tuesday, 17 September 2019, 01:53:30 AM

Click for popup. Clear your browser cache if image is not showing.


Comment: This would be HUGE...got gold!


...

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The Technical Traders

Q4 Earnings Setup The Rally To The Peak

Courtesy of Technical Traders

Our research team believes the current Q4-2019 earnings season and expectations are prompting a “Rally To A Peak”.  We’ve been warning our followers and clients that we believe the US Stock Market has rallied to levels that constitute a “near peak enthusiasm” related to historical price volatility. 

As you’ll see from these charts, below, we are not dismissing this current upside rally and the potential that it could last for many weeks or months longer – we’re just warning our followers and clients that we believe a very volatile period or price rotation is setting up within the next 10 to 25+ days as prices reach the historical upper boundary. ...



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Members' Corner

The War on All Fact People

 

David Brin shares an excerpt from his new book on the relentless war against democracy and how we can fight back. You can also read the first, second and final chapters of Polemical Judo at David's blog Contrary Brin.

The War on All Fact People 

Excerpted from David Brin's new book, the beginning of chapter 5, Polemical Judo: Memes...



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Lee's Free Thinking

Why Blaming the Repo Market is Like Blaming the Australian Bush Fires

 

Why Blaming the Repo Market is Like Blaming the Australian Bush Fires

Courtesy of  

The repo market problem isn’t the problem. It’s a sideshow, a diversion, and a joke. It’s a symptom of the problem.

Today, I got a note from Liquidity Trader subscriber David, a professional investor, and it got me to thinking. Here’s what David wrote:

Lee,

The ‘experts’ I hear from keep saying that once 300B more in reserves have ...



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Digital Currencies

Cryptos Have Surged Since Soleimani Death, Bitcoin Tops $8,000

Courtesy of ZeroHedge View original post here.

Bitcoin is up over 15% since the assassination of Iran General Soleimani...

Source: Bloomberg

...topping $8,000 for the first time since before Thanksgiving...

Source: Bloomberg

Testing its key 100-day moving-average for the first time since October...

...



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Biotech

Why telling people with diabetes to use Walmart insulin can be dangerous advice

Reminder: We are available to chat with Members, comments are found below each post.

 

Why telling people with diabetes to use Walmart insulin can be dangerous advice

A vial of insulin. Prices for the drug, crucial for those with diabetes, have soared in recent years. Oleksandr Nagaiets/Shutterstock.com

Courtesy of Jeffrey Bennett, Vanderbilt University

About 7.4 million people ...



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Mapping The Market

How IPOs Are Priced

Via Jean Luc 

Funny but probably true:

...

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Promotions

Free eBook - "My Top Strategies for 2017"

 

 

Here's a free ebook for you to check out! 

Phil has a chapter in a newly-released eBook that we think you’ll enjoy.

In My Top Strategies for 2017, Phil's chapter is Secret Santa’s Inflation Hedges for 2017.

This chapter isn’t about risk or leverage. Phil present a few smart, practical ideas you can use as a hedge against inflation as well as hedging strategies designed to assist you in staying ahead of the markets.

Some other great content in this free eBook includes:

 

·       How 2017 Will Affect Oil, the US Dollar and the European Union

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About Phil:

Philip R. Davis is a founder Phil's Stock World, a stock and options trading site that teaches the art of options trading to newcomers and devises advanced strategies for expert traders...

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About Ilene:

Ilene is editor and affiliate program coordinator for PSW. She manages the site market shadows, archives, more. Contact Ilene to learn about our affiliate and content sharing programs.

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