For Immediate Release
Chicago, IL – February 18, 2010 – Zacks.com announces the latest Industry Outlook. Today, Zacks Equity Research discusses the Alternative Energy Industry, including JA Solar Holdings Co Ltd. (JASO), Trina Solar Ltd. (TSL), Rentech Inc. (RTK), First Solar Inc. (FSLR) and SunPower Corporation (SPWRA).
A synopsis of today’s Industry Outlook is presented below. The full article can be read at http://www.zacks.com/stock/news/30659/Alternative+Energy+Stock+Review+-+Feb.+2010.
Governments, most notably China, have increased their financial support for solar projects. China is aiming at increasing its installed solar power capacity to 2GW by 2011 from 140MW capacity at the end of fiscal 2008. To fulfill this objective, the Chinese government offers 50% of the cost of investment of solar power projects. For solar projects in remote areas, the government subsidizes 70% of the project cost. Companies under our coverage benefiting from this move include JA Solar Holdings Co Ltd. (JASO) and Trina Solar Ltd. (TSL).
Under the American Reinvestment and Recovery Act (ARRA) passed in February 2009, the U.S. Treasury Department has implemented a program to issue cash grants in lieu of investment tax credit for renewable energy projects. Recent focus on renewable sources will greatly benefit green crusader companies like Rentech Inc. (RTK). Also, the Department of Energy (DOE) in the U.S. has implemented a loan guarantee program to help developers obtain financing for solar power projects.
Germany, one of the prime solar markets with a lucrative subsidy program, is moving aggressively to roll-back a portion of its grants. The proposed roll-back is set to be implemented around April 2010. This would result in prices of electricity generated with photovoltaic panels to cascade to half their current prices by 2011. This will affect companies such as First Solar Inc. (FSLR) and SunPower Corporation (SPWRA), who generate a substantial portion of their sales from Germany.
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