The Chinese try to revive its zombie companies The Chinese solar stocks cannot stop increasing in value as the government pulls out all stops in trying to stem the bankruptcies happening in the heavily oversupplied industry. The Chinese State Council has raised the solar target to a gargantuan 35 GW by 2015 as it looks […]
Suntech – Sequence of Events leading it to the current State Suntech (STP) is the company known for its massive management blunders and huge losses since 2010. Suntech was in news again in October 2012, after top managers exit despite restructuring by UBS. The hiring of top investment bank UBS to restructure its debt also did not help […]
Positive Solar Market Reaction following JASO The solar stocks have been very volatile. It is very difficult investing in this sector, because the sector has become very unpredictable lately. The company which was big not a year ago, went bankrupt today (Q-Cells) and the company which was on the verge of getting bankrupt can see […]
Solar Industry sees some Positive Light The recent news flow in the solar industry has started taking a positive slant with increasing panel prices and resurgent demand from new areas like China and Japan. Quarterly results have started surprising on the positive side, though many companies continue to accumulate losses. Some stock like First Solar […]
China’s solar industry is in total chaos with massive overcapacity plaguing the industry for the last two years. Two of the biggest solar companies LDK and Suntech have already defaulted on their debt, while hundreds of others keep churning out huge losses. Foreign governments are incensed with China’s behavior, with US already imposing anti-dumping duties […]
Warren to buy Suntech? Suntech stock surged almost 28%, after a rumor that the world’s smartest investor Warren Buffet would buy the company. I don’t know why would Buffet invest in the penny stock and if anybody other than the Chinese Government would be interested in Suntech. Though Warren Buffet had invested in solar energy […]