PacificCrest’s Mark Bachman Updates on California Solar Initiative – Government Sector Growth Strong
Source: http://feedproxy.google.com/~r/smallcappulse/feed/~3/xrrrrajAuuU/Posted on Friday, June 5th, 2009 | In Market Commentary, Small & Micro Cap
June 4, 2009 ndash; Analyst Comments ndash; PacificCrestrsquo;s Mark Bachman provided an update on the California Solar Initiative (CSI) this morning, noting that year-to-date, PV applications are up 69% on a Y/Y basis. He said if the CSI data are indicative of the entire U.S. market, the U.S. market could be almost 600MW this year.
Key Takeaways
middot;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp; SunPower (Nasdaq:SPWRA) continues to lose market share, while Sharp, SolarWorld AG (SWDG.DE) and Suntech (NYSE:STP) are gaining
middot;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp; Government and commercial sectors continue to drive growthnbsp; – in just five months of 2009, the government sector has already achieved 94% of its 2008 total of 35.2MW.
middot;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp; Sharp has emerged as the leader in California solar applications
middot;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp; BP Solar is pushing into the commercial sector
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