ABS Energy Research Report Reflects, Illuminates Changes in the Solar Photovoltaic Industry
Press Release from ABS Energy Research
2006.4.19
London, 19 April 2006 London April 18, 2006 - ABS Energy Research (http://www.absenergyresearch.com) just-issued report on the solar photovoltaic industry shows that recent slowdowns due to raw material demands are easing, all excess capacity in the system may be taken up by 2007 and development in both collection and transmission technologies are proceeding quickly. So, are the big players in solar energy on to a bright idea?
The ABS Solar Photovoltaics Report Ed 3 2006 shows how solar power development is picking up pace with increased interest in alternative fuel technologies. ABS Energy Research covers all aspects of Solar PV cell construction and solar energy generation. Researchers at ABS sift through all facets of the Solar PV industry to create the complete, consistently high-quality reports relevant to energy professionals, analysts, academics and more.
要点：ABS最新能源研究报告认为最近由于原料紧缺引起的PV增长减缓的状况将缓和，2007年所有的富裕产能有可能充分被利用。 China solar sector powering wave of overseas IPOs
Tue Apr 18, 2006 4:47 AM ET
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By Doug Young
SHANGHAI (Reuters) - Solar energy is powering a new wave of overseas listings hopefuls from China, with up to five firms aiming for IPOs in the next 12 months as they bank on strong global demand for alternative energy sources.
The surge in new offerings would come on the heels of the highly successful listing of Suntech Power Holdings Co. Ltd. (STP.N: Quote, Profile, Research), whose shares have more than doubled since it raised $396 million in a New York listing last December.
Since then, China's top semiconductor firm, Semiconductor Manufacturing International Corp. (0981.HK: Quote, Profile, Research) (SMI.N: Quote, Profile, Research), has also said it will manufacture solar cells as a sideline using recycled silicon from its primary operations.
The current pipeline of Chinese IPO candidates includes Canadian Solar Inc., based in Suzhou near Shanghai, and Yingli Solar, based in the northern city of Baoding.
Canadian Solar, also known as CSI, has hired an investment bank and could make its first public filing within weeks, with plans to raise at least $100 million this summer, according to two sources.
Yingli is a little further behind, but has already picked an investment bank, one source said.
All the companies are cashing in on soaring global demand for energy, which has helped push oil prices to record highs and has made alternative energy sources more economically viable.
At the same time, technological improvements have also helped raise the efficiency and lower the costs of solar technology. Many governments are also offering tax and other incentives to promote alternative energy sources.
"Alternative energy always looks better when fossil fuel is expensive," said Kurt Berney, a China-based attorney at the law firm of O'Melveny and Myers.
"These businesses are addressing a very real need. There's a chance you could see three to five of these guys coming out (with IPOs) by the end of the year."
In the last few weeks alone, a handful of fast-growing solar cell makers in China have raised about $250 million in venture capital, attesting to the sector's attraction, according to one source in the investment community.
Based in the city of Wuxi, about a two-hour train ride from Shanghai, Suntech is the company that many of the listing candidates hope to follow.
In its first quarterly earnings report since its listing, the company -- whose founder became one of China's richest men based on his holdings -- said its revenue last year nearly tripled to $226 million from $85 million in 2004.
But despite the gain, its profit was flat in the fourth quarter due to rising silicon prices: a factor likely to create uncertainty and risk for the sector in the future.
要点：中国PV企业兴起海外IPO。注意可能赶在英利之前IPO的出了我上次讲的REC以外，还有苏州的Canadian Solar Inc。 Yahoo! Energy Buy Supports Renewables Development in Silicon Valley
SANTA CLARA, Calif., April 19, 2006 - Global internet service leader Yahoo! has joined the Santa Clara
Green Power renewable energy program. Yahoo! now purchases 804,000 kWh of clean renewable
energy credits, derived from new wind and solar generation sources in California, equivalent to one
quarter the annual output of one large-scale wind turbine.
Santa Clara Green Power is a voluntary renewable energy program offered by Silicon Valley Power
(SVP) to all residential, commercial, and industrial customers within Santa Clara as a way to support
energy generated from 100% clean wind and solar power resources at a low additional cost of 1.5
cents per kilowatt-hour.
This wind and solar energy commitment is in line with Yahoo! for Good, the company's community
relations program. In addition to energy conservation programs already in place, renewable energy is
a new benefit to Yahoo!'s overall energy footprint. This commitment prevents the annual release of
more than 800,000 pounds of carbon dioxide, a key greenhouse gas. The environmental benefit of a
purchase this size is equivalent to planting 108 acres of forest or removing 70 cars from the road for
a year.
"Yahoo! is committed to renewable power as it helps support sustainable, healthy communities for
our customers and employees," said Meg Garlinghouse, director of Yahoo! For Good. "Santa Clara
Green Power gives us the opportunity to work together with the community to reach our common
goals."
By joining Santa Clara Green Power, Yahoo! becomes a member of the U.S. Environmental Protection
Agency's Green Power Partnership for its facilities in Santa Clara and enters the growing circle of other
large Santa Clara businesses supporting renewable energy, including Agilent Technologies, Cisco,
Applied Materials, as well as Santa Clara University. In addition, over 100 small businesses are
participating along with 2,300 households.
"Big players like Yahoo! bring greater awareness to the program and help to further our goal of
supporting California's development of clean energy resources," said Joyce Kinnear, public benefit
program manager for Silicon Valley Power. "We are proud of the strong business support for
renewable energy in the Santa Clara community."
On behalf of Yahoo!, SVP will purchase renewable energy credits from newly constructed wind
farms and solar photovoltaic projects located within California. A portion of Yahoo!'s Santa Clara
Green Power rate will support new solar facilities in the City of Santa Clara, such as the
Haman Elementary School project, helping to bring new installations into the community.
環保 **Green ** 可再生能源 **renewable energy
是熱潮也是方向 原帖由 shine2008 于 2006-4-20 00:05 发表
China solar sector powering wave of overseas IPOs
Tue Apr 18, 2006 4:47 AM ET
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By Doug Young
SHANGHAI (Reuters) - Solar energy i ...
要点：中国PV企业兴起海外IPO。注意可能赶在英利之前IPO的出了我上次讲的REC以外，
还有苏州的Canadian Solar Inc。
我不久前提示過,但現在好象進展不大,估計有YINGLI 因素 今日全世界太阳能股票整体大涨，德国SOLARWORLD股价在220欧元盘整3个月后，今日已经突破250欧元，再创历史新高，累计最大升幅已达130倍！台湾的茂迪和益通也联袂涨停，报收866和991台币，尚德也涨至37.20美元。 那就捂着等涨吧， 目前為止唯一的一家內地專業機構相關的評論
但是失望之至
研究水平之差令我難以想像
attached : 西南证券 Ｇ天威（600550）2006年一季报短评
[ 本帖最后由 the_top 于 2006-4-20 01:01 编辑 ] 原帖由 the_top 于 2006-4-20 01:00 发表
目前為止唯一的一家內地專業機構相關的評論
但是失望之至
研究水平之差令我難以想像
attached : 西南证券 Ｇ天威（600550）2006年一季报短评
维持"卖出"评级!!
好好~让这些人上了30再来抬轿吧~ 尽快增发把,公司的资金太紧张了,一季度短期负债又增加了不少,已到极限了。增发已后尽快10送10，就算了。 增发价14元的话，以06年0.7元收益算，20倍市赢率，不算太离谱。公司发展最重要，支持增发。一个小散。 天威增发的实施最晚也回在六月中旬之前. 原帖由 the_top 于 2006-4-20 01:00 发表
目前為止唯一的一家內地專業機構相關的評論
但是失望之至
研究水平之差令我難以想像
attached : 西南证券 Ｇ天威（600550）2006年一季报短评
同意,一帮眼光狭隘的呆子!!! 尚德40.9美元报收。 尚德41了牛:*18*:
其实天威的未来早以确定.............
以前是等上市公司业绩好了散户高位接盘,国内机构出逃,现在是上市公司业绩确定好了.国内机构高位追啊,国际机构坐享其成.呵呵,这就是和国际接轨!! 原帖由 the_top 于 2006-4-20 01:00 发表目前為止唯一的一家內地專業機構相關的評論
但是失望之至
研究水平之差令我難以想像
attached : 西南证券 Ｇ天威（600550）2006年一季报短评
这个报告，拘泥于眼前的一些数据，既看不到国际上这个行业的发展趋势，又看不到公司的未来，怎么可能得出正确的结论呢？
如果QFII们按照这个报告操作的话，它们刚建完仓，现在又要忙着割肉了。 看了一些关注550的论坛，发现许多人对550的增发价格十分敏感，我到不以为然。
我觉得，就550目前的状况而言，尽快增发，降低它的负债，让项目尽快开动起来，是它的主要任务。因此，什么价格增发，怎么增发，都是次要的问题。
从两次公告来看，550原本也是想向流通股增发的，只是碍于证监会的新准则，为了挤上“第一步走”，才改成定向增发的。
550大股东之所以要认购28％，近1000万股，那也是因为它的股改承诺里规定了3年内必须持股51％。此举可以回避违规，应该予以理解。
其它定向增发的股份，给谁都是无所谓的，如果能因此搞股权激励，那是更好不过了。至少，它必须真金白银地拿出钱来认购。
因此，即便是14元以下增发，各位威迷们也不用心不平。一方面它增发的股份要1年甚至是3年后才能流通；另一方面，对公司、对公司的管理层奖励一下也是应该的嘛。
目前最大的问题在于，你公司想14元以下增发，是否符合证监会的要求呢？如果因此过线，未被证监会审核通过，错过了公司发展的大好时机，那才是性命攸关的大事呢！
我们威迷们在认识公司发展前景这方面已经是走在国际前列了（我们中的大多数是不是比QFII们建仓还早啊？），我们在公司的再融资问题上同样会有宽广的胸怀的。只要是对公司的发展有利的，我们愿意任何人都能在550身上得到好处。 完全同意上楼的意见，所以由于这些主流资金的带领，使之国内股市没有朝气。 尚德昨天又站上40大关了。
这一次，天威因为公告了要分拆赴美上市，它和尚德是不是联动性会强一些呢？ 员工持股！太简单了。学一学张江高科，搞个员工持股信托，增发时由信托公司代为持股。找那家信托公司都愿意做，最少有个广告效应。