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Solar Alert - Extra Bullish

Remi
Thu, 01 Oct 2015 04:47:18 GMT

Deutsche Bank analysts say local media reports in China suggest that the country’s 2020 solar power target could be lifted to 150 GW from the current target of 100 GW – meaning more than 20 GW of solar would need to be added in each year from 2016 to 2020. China is not the only one considering a big boost to its targets for solar and other renewable energy sources. India is reportedly going to announce this week that it will aim for a 40 per cent renewable energy target by 2030, which would require some 250GW of solar and some 100GW of wind energy Brazil earlier this week said it will lift its share of non-hydro renewable energy to 23 per cent by 2030, from 15 per cent now. Total renewables, including hydro, will account for 40 per cent of power production. Even Bangladesh is looking to install 5GW of solar. Deutsche Bank estimates that China will install around 15GW of solar in 2015 and 20GW in 2016. It noted that China’s National Energy Administration (NEA) announced this week an additional construction quota of 5.3GW for solar power projects in 2015, mainly releas ed to provinces which made good progress in solar farm construction. “So far, there have been 24.1GW of new construction quota approved for 2015, including 17.8GW announced in March, 1GW demonstration projects in Shanxi in June, and 5.3GW announced today; while there is no cap on roof-top distribution projects. Not all the 24.1GW can be connected to grid in 2015, though.”

Remi
Thu, 01 Oct 2015 05:01:31 GMT

Key beneficiary: JinkoSolar (JKS) especially in China and Brazil markets Also: Trina Solar (TSL) who is now a low cost manufacturer and is cheaper. Also: JA Solar (JASO) in China and India JKS is the strongest and could easily go back up to 30 in a short period of time. Solar is not going away, these stocks haven't been kind but the fundamental world is all focusing on renewables. Every large economy's government except Russia has it as a key platform priority. New York City has been laying out plans to go 100% renewables eventually... in California I heard a utility company is now paying people monthly money to put solar panels on their roof to power the house with excess going to the grid. It's happening.... don't miss out on the obvious.

David
Thu, 01 Oct 2015 11:43:11 GMT

Thanks for the update Remi.

Remi
Wed, 16 Dec 2015 15:54:44 GMT

ALERT Solar stocks are flying higher (TAN +6.4%) after House Republicans unveiled (as part of a compromise with Democrats that involved lifting a U.S. oil export ban) that would keep the solar investment tax credit (ITC, has been set to expire at the end of 2016) at 30% through 2019, before being phased down through 2022. This is huge positive news for anything solar doing business in the US. Everybody was handicapping because the tax credit could go to zero after this year.

Eric
Wed, 16 Dec 2015 17:54:55 GMT

I forget which analyst of Mark's touted JKS. I am hoping to finally make some money on this one. I remember the analyst said 100 in a year. Well that did not happen. A little profit will be fine.

Eric
Wed, 16 Dec 2015 20:06:48 GMT

It was Jonathan Fishman