Cowen’s Stone Comments on China’s Emerging PV Market
Source: http://feedproxy.google.com/~r/smallcappulse/feed/~3/ADvqxthZ21M/Posted on Friday, July 3rd, 2009 | In Market Commentary, Small & Micro Cap
July 2, 2009 ndash; Analyst Comments ndash; Cowenrsquo;s Rob Stone commented this morning on Chinarsquo;s emerging PV market. After Suntechrsquo;s recently signed MOU with the Panzhihua municipal government in Sichuan province for a 500MW ground mount PV project, Stone says local and provincial governments appear to be positioning for green stimulus ahead of an expected national FIT policy.
Key Takeaways
middot;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp; Best positioned in Stonersquo;s universe of coverage are Suntech (NYSE:STP) and Trina Solar (NYSE:TSL)
middot;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp; Thinks the central government sees an opportunity to combine economic stimulus and climate change initiatives
middot;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp; Biggest hurdle to national FIT announcement in 2009 is setting the optimal rate, which will likely vary provincially based on differing levels of irradiance
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