Solar Stocks Alert: Wall Street Transcript Interview with Ben Kallo, Senior Analyst at Robert W. Baird & Co.: Downstream Side of Solar Industry Benefits from Oversupply and Installation Growth
Category: Investment, Renewable Energy
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News about First Solar, Inc.
67 WALL STREET, New York - February 15, 2013 (Investorideas.com renewable energy newswire) The Wall Street Transcript has just published its Alternative Energy Report offering a timely review of the sector to serious investors and industry executives. This special feature contains expert industry commentary through in-depth interviews with public company CEOs and Equity Analysts. The full issue is available by calling (212) 952-7433 or via The Wall Street Transcript Online.
Topics covered: Grid Parity Timelines for Alternative Energy - Asia Pacific Demand for Solar Energy - Alternative Energy Generation - Solar Energy Pricing - Government Subsidies and Regulation - The Rise of the Energy Efficiency Market - LED Adoption in Large-Scale Projects - Long-Term Opportunities in Emerging Markets - Solar Growth Drivers and Headwinds
Companies include: First Solar, Inc. (FSLR), Covanta Holding Corporation (CVA), EnerNOC, Inc. (ENOC) and many more.
In the following excerpt from the Alternative Energy Report, an expert analyst discusses the outlook for the sector for investors:
TWST: What particular areas in the alternative energy sector are doing well? Obviously, energy technology is a pretty big space. Wind, for example, has had some pretty big difficulties. How about the rest of the sector?
Mr. Kallo: We have never really focused on wind developers or turbine manufacturers. We have dabbled in some companies that had transcendental businesses in wind technologies, but I'd say that across the board, if we start with solar - solar companies with downstream exposure, so the First Solar (FSLR), SunPower (SPWR), SolarCity (SCTY) - I think there's a slew of private companies out there focused on that downstream business that are doing very well.
You see a lot of headlines about solar and how the stocks have performed very poorly, and that's predominately focused on the upstream. By that I mean anywhere from polysilicon production to module production. Additionally, prices have dropped precipitously really because of oversupply, but what that means is it's actually good for the solar market, because as costs come down for the whole system it makes more cost competitive with fossil fuel generation.
Those downstream people - the First Solar, SunPower, SolarCity - they're actually going out there building out projects, actually benefit from oversupply that's occurring in the module side of the business. So these companies, I think, are doing well. You will see First Solar and SunPower, two solar companies - probably solar companies out there that actually do have positive earnings. Both have solid balance sheets, both are moving away from subsidized markets into markets that make sense from...
For more of this interview and many others visit the Wall Street Transcript - a unique service for investors and industry researchers - providing fresh commentary and insight through verbatim interviews with CEOs, portfolio managers and research analysts. This special issue is available by calling (212) 952-7433 or via The Wall Street Transcript Online. http://www.twst.com/report/1959
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