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发表于 2006-5-13 22:15
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2006 CNBC/Dow Jones Business Video
BECKY QUICK, CNBC ANCHOR: Meantime as oil prices push back above $60 a barrel, Washington and Wall Street are turning their focus to alternative energy sources. One option, solar power, of course. That takes center stage today at Piper Jaffray`s conference in New York. Joining us right now to tell us what to expect is Jesse Pichel. He is the senior research analyst at Piper Jaffray.
And taking a look through these numbers today, what should we be expecting, Jesse, from the different -- I guess you have 20 different solar companies that you are going to be hosting today?
JESSE PICHEL, SENIOR RESEARCH ANALYST, PIPER JAFFRAY: That`s right, we have assembled 21 of the world`s leading solar companies. And these companies represent the whole solar supply chain. We have companies that make panels that integrate, that make the raw materials, and also make the equipment. So what we are looking for today is we are trying to find out which companies have the best leverage to the growth opportunities in solar.
QUICK: And, Jesse, of the companies that you are looking at today, what do you think are the ones that potentially are the best ones for investors to be checking out?
PICHEL: Well, two companies that we recommend are Evergreen Solar (ESLR), that`s E-S-L-R. They use about 35 percent less polysilicon per watt. Polysilicon is in short supply, so that is a competitive advantage for Evergreen. And also SunPower (SPWR), that`s S-P-W-R. They have roots as a semiconductor manufacturer and they have very high efficiency solar cells.
QUICK: You know, we are talking a look at some of these charts, Jesse, and obviously some of these stocks have really been on a tear, I know some of them have risen four or five times just over the last couple of years. But I also remember being a kid and being told that solar power was going to be the way of the future, and that by the time I grew up we would all be using solar power. It didn`t quite work out that way. Why do you think it will be different this time?
PICHEL: Well, you know, when you were a kid, the cost of solar was about 4X higher, and the costs of solar are coming down about 10 percent every year. And we think that by 2010, 2011, the cost of solar will be at parity with grid prices and that should spike demand even further.
CARL QUINTANILLA, CNBC ANCHOR: Jesse, it`s Carl Quintanilla. You have been quoted as saying that there are good inventors of technology and then there are good operators. And it is not necessarily so that one company manages to do both very well, isn`t that right?
PICHEL: I would agree with that.
QUINTANILLA: So how are investors supposed to know which companies are going to take the technology they have invented and apply it in a way that`s profitable?
PICHEL: Well, it`s all about cost per watt. I mean, right now the market is heavily subsidized and we really need costs to come out. So we are trying to look for companies that offer the lowest cost per watt in the future. MIKE SANTOLI, SENIOR EDITOR, BARRON`S: You know, Jesse, there was a lot of excitement on the Street, as you know, you talk about the subsidization when California passed some new regulations basically underwriting this industry, is that something the industry is going to need for a long period of time? You mentioned also the silicon shortage. That to me is a nagging concern because of the tremendous price sensitivity of these products.
PICHEL: Well, as far as the subsidies, subsidies are increasing worldwide. We have new subsidies, as you mentioned, in California, in Italy, in Spain, and I think we are going to find other states adopting subsidies as well. As far as the polysilicon supply, it is creating a tight situation over the next two years. However, the companies that have gone public have used some of their financing to prepay for polysilicon. So they will continue to grow. The industry overall, though, may have some problems growing double digits.
QUICK: OK, Jesse, thanks so much for your time today, we appreciate it.
PICHEL: Thank you very much.
QUICK: Jesse Pichel again is the senior research analyst at Piper Jaffray. And we should point out, one of the companies that he mentioned, SunPower, we will be sitting down and speaking with the CEO coming up a little later in the show.
END
[Copy: Content and programming copyright 2006 CNBC/Dow Jones Business Video, a division of CNBC/Dow Jones Desktop Video, LLC. Transcription copyright 2006 Voxant, Inc. (www.voxant.com) No portions of the materials contained herein may be used in any media without attribution to CNBC/Dow Jones Business Video, a division of CNBC/Dow Jones Desktop Video, LLC. This transcript may not be copied or resold in any media.]
看到这篇文章，让我想起SHINE提到的这位PICHEL和里昂的ROGAL的论战。不知现在大家可以从这篇专访中体会些什么意思。有关我感兴趣的内容我用红体字标出。
[ 本帖最后由 qinjiayu 于 2006-5-13 22:28 编辑 ] |
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发表于 2006-5-13 16:04