Thursday, October 29, 2009

Solar Power International 2009: A Quick Review


Lots of exhibitors--not much new

Solar Power International 2009 in Anaheim, California this week had much of the same energy--pun intended--of last year's trade show in San Diego. There seemed to be more exhibitors as the solar industry is one of the very few growth sectors in the world's economy.

Still, like last year's trade show, there seemed very little that was new.

Ascent Solar (ASTI), of Littleton, Colorado has brought its copper, indium, gallium, selenide (CIGS) thin-film solar cells to market recently and they look much like UniSolar's thin-film laminates. Both are lightweight and flexible (pictured) but the main differences are that Ascent's PV uses a plastic substrate whereas UniSolar uses a thin layer of stainless steel on which its amorphous silicon (a-Si) is deposited. Also, Ascent is claiming 10-12% efficiency of its cells as opposed to UniSolar's 7-8%. On Monday, Ascent announced NREL measured 14.01% cell efficiency for Ascent Solar CIGS material. As a result Ascent is planning to add 1% per year to its manufactured PV for worldwide sales. Obviously, this puts thin-film efficiency in parity with most standard crystalline but at significantly less cost per watt. Ascent's PV will be ideal for single-membrane (TPO) roofing solutions.

Ground array foundation posts are a lot simpler to install with Saber Solar Foundations. Saber's posts (available for various weight loads) simply screw into the ground like an auger and don't require cement for holding. The rep at at Saber's booth said this type of foundation meets most municipal building codes. Saber is located in Corona Del Mar, California and offers its drill-posts nationwide: www.saberfoundations.com.

One company offered an automatic panel cleaning solution for areas with limited rainfall (which normally "self-clean" panels). A thin spray of water and mild detergent is applied for three minutes daily to clear panels of natural soiling. Water can be recycled by placing rain gutters on the lower edge of an array. Unfortunately, in the Southwest where such an application is most needed is also experiencing a long-term drought and water is getting precious. So, for large arrays this solution could be cost prohibitive.

More solar tracking manufacturers were exhibiting than last year as production-based incentives are becoming more prevalent worldwide.

Always held in California, Solar Power International 2010 will be at the Los Angeles Convention Center, October 12-14.


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Friday, October 23, 2009

Oct 19-23: Dow, NASDAQ, Solar Down Less than 1%


Dow slips below 10,000

MarketWatch reports that major rail operator Burlington Northern projects a weak forecast fueling worries about freight demand, a barometer of the economy. Microsoft and Amazon.com fared well on reports of strong quarterly earnings.

The DJIA closed down nearly 24 points today at 9972.18, a .24% decline while the NASDAQ lost just 2.24 points, of .11%. Sixteen of the stocks in the 20SSI were down but the index slipped 1.65 points, a .39% decline. First Solar and Trina Solar were the biggest gainers.

Next week's Solar Power 2009 in Anaheim will shed light on any innovations in the industry so a good week should be in store both at the trade show and solar stocks, in general. The annual trade show will have 750 exhibitors from around the world becoming the ultimate showcase for the industry.

Wall Street took its biggest drop of the week today as a function of short-term profit taking. MarketWatch reports that Neil Menard at New York's Steben & Co, said many of the earnings gains are a result of cost cuts. He says investors are hungry for companies actually showing growth.

20 Solar Stocks Index Week of Oct 19-23, 2009

Monday Open Friday Close Up/Down % Change Close 1/5/09* Close 3/6/09**
Dow Jones DJIA 9995.91 9972.18 -23.73 -.2379% 8952.89 6626.95
NASDAQ 2156.80 2154.47 -2.23 -.1081 1628.03 1293.85






Akeena Solar AKNS 1.13 1.09 -.04 -3.669 2.28 .61
Amtel Systems ASYS 5.69 5.85 +.16 +2.882 4.00 2.73
Applied Materials AMAT 13.38 12.95 -.43 -3.320 10.67 8.70
Canadian Solar CSIQ 16.31 16.00 -.31 -1.937 7.00 3.0601
ECD (UniSolar) ENER 12.00 12.53 +.53 +4.416 29.33 17.45
Entech Solar ENSL.OB .1620 .1500 -.012 -8.00 .28 .23
Evergreen Solar ESLR 1.83 1.64 -.19 -11.58 3.60 1.03
First Solar FSLR 147.54 152.39 +4.85 +3.287 157.80 108.49
GT Solar Int. SOLR 5.51 5.57 +.06 +1.088 4.00 4.02
JA Solar JASO 3.93 3.77 -.16 -5.835 5.09 1.91
Kyocera KYO 88.11 87.07 -1.04 -1.194 71.87 54.21
LDK Solar LDK 7.71 7.58 -.13 -1.715 14.84 4.40
MEMC Elect. WFR 15.53 13.57 -1.96 -14.44 15.76 13.68
Renesola SOL 4.49 4.05 -.44 -10.86 5.15 2.1201
Satcon SATC 2.12 2.12 NC 0 1.60 1.23
SolarFun SOLF 5.34 5.25 -.09 -1.714 6.12 2.30
SunPower SPWRA 31.60 28.35 -3.25 -11.46 45.13 23.39
SunTech STP 14.89 13.64 -1.25 -9.164 13.55 5.34
Trina Solar TSL 33.40 35.55 +2.15 +6.437 10.09 7.23
Yingli YGE 12.73 12.63 -.10 -.7917 7.25 3.888
20SSI Weekly Cumulative: Previous 423.40 Current 421.75 Change -1.65/-.39% Avg Stock -3/338% 1/05/09* 415.41 3/06/09** 266.01
* The starting date of the 20 Solar Stock Index (20SSI).
** The Concensus "new" bull market began on Monday, March 9, 2009.
NOTE: All above stocks have market capitization of $100M+ except Akeena Solar, Amtel Systems
and Entech Solar. This listing is strictly informational and implies neither endorsement or disapproval
of any stock listed. Comments and suggestions are always welcome.


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