Pacific Crest’s Bachman Sees Stabilization in the Solar Markets and Impact of U.S. Tariff
Source: http://feedproxy.google.com/~r/smallcappulse/feed/~3/Q9nmCbc6oMk/Posted on Friday, October 9th, 2009 | In Investing Lessons, Small & Micro Cap
October 9, 2009 ndash; Pacific Crestrsquo;s Mark Bachman said this morning that solar prices are stabilizing. He said prices from Chinese vendors for cSi-based modules are between $2.20/watt and $2.50/watt while most U.S. and European firms are between $2.40 and $2.75.
Key Takeaways
middot;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp; Doesnrsquo;t think SunPower (Nasdaq:SPWRA) will be able to maintain market share
middot;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp; Continues to see Suntech (NYSE:STP) and Sharp (7053.T) has leaders in the U.S. residential and government sectors
middot;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp; Sees First Solar (Nasdaq:FSLR), SunPower and Suntech as leaders in utility-scale projects
middot;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp; Also encourage d by recent checks at Evergreen Solar (Nasdaq:ESLR)
middot;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp; The U.S. tariff on imported solar panels will have long-term implications and a potential effect on prices going forward. As the U.S. market expands, the tariff will become increasingly significant (a 2GW market would generate a duty of about $75 million) and companies subject to the tax will have to either raise prices by 2.5% or take a hit to gross margin
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