November 11 ndash; Analyst Comments ndash; Cowenrsquo;s Raj Seth commentednbsp; this week on Ener1rsquo;s (Nasdaq:HEV) Q3 conference call, noting that he is encouraged by the companyrsquo;s strong pipeline, but ST is recommending to remain on the sidelines. He rates the stock at NEUTRAL. Key Takeaways middot;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp; Management expects to announce a supply agreement with Fisker by year end. At about $12,000 per pack, this would represent about $85 million in potential revenues for 2010. Also expects some revenues from Think in Q4. Japan Post and Volvo have also placed orders for testing. middot;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp; HEV expects about $400 million in funding from government programs. middot;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp; ST Ener1 financials are hardnbsp; to predict ndash; estimates earnings power of about $0.70 in 2012 based on $700 million in revenues and EBITDA margins of about 15%.

August 27, 2009 ndash; LDK Solar (NYSE:LDK) announced an agreement with Yancheng City of Jiangsu Province for the development of a number of PV projects (ground-mount, roof and BIPV) totaling up to 500MW over the next five years. And Canadian Solar (Nasdaq:CSIQ) said it has signed a LOI with the Administration Committee of Baotou National Rare Earth Hi-Tech Industrial Development Zone in Baotou, Inner Mongolia, for rights to design, install, operate and maintain a 500MW solar facilitynbsp; in Baotou. The three-phase project is expected to start in September 2009 and run through December 2011 (phase 1: 100MW; phase 2 and 3: 200MW). These announcements mark an important trend in the solar markets and one that we have been commentating on a lot lately ndash; the further move by midstream solar firms to vertically integrate downstream and even moving into operations of solar facilities. Cowenrsquo;s Raj Seth this morning commented on the ...