• 3 minutes Could Venezuela become a net oil importer?
  • 7 minutes Reuters: OPEC Ministers Agree In Principle On 1 Million Barrels Per Day Nominal Output Increase
  • 12 minutes Battle for Oil Port: East Libya Forces In Full Control At Ras Lanuf
  • 1 hour Could Venezuela become a net oil importer?
  • 3 hours Reuters: OPEC Ministers Agree In Principle On 1 Million Barrels Per Day Nominal Output Increase
  • 20 mins Tesla Closing a Dozen Solar Facilities in Nine States
  • 6 hours Saudi Arabia plans to physically cut off Qatar by moat, nuclear waste and military base
  • 16 mins Why is permian oil "locked in" when refineries abound?
  • 6 hours EU Leaders Set To Prolong Russia Sanctions Again
  • 18 hours Teapots Cut U.S. Oil Shipments
  • 14 hours Battle for Oil Port: East Libya Forces In Full Control At Ras Lanuf
  • 9 hours Saudi Arabia turns to solar
  • 3 hours Oil prices going down
  • 2 hours Gazprom Exports to EU Hit Record
  • 2 mins EVs Could Help Coal Demand
  • 3 hours Could oil demand collapse rapidly? Yup, sure could.
  • 23 hours Russia's Energy Minister says Oil Prices Balanced at $75, so Wants to Increase OPEC + Russia Oil by 1.5 mbpd
  • 19 hours Hot line, Macron: Phone Calls With Trump Are Like Sausages Best Not To Know What Is Inside
  • 6 hours China’s Plastic Waste Ban Will Leave 111 Million Tons of Trash With Nowhere To Go
Alt Text

China’s Surprising Move To Cut Solar Subsidies

China just slashed subsidies to…

Alt Text

Tesla Closing Down Solar Capacity

Tesla is closing down solar…

Alt Text

U.S. Solar Growth Undeterred By Solar Panel Tariffs

Despite the implementation of tariffs…

Martin Tillier

Martin Tillier

More Info

Trending Discussions

Investing In Solar Power’s “Picks, Pans And Shovels”

Last week, for the first time since I started writing here, I wrote a positive piece about solar energy. I picked two companies, First Solar (FSLR) and Canadian Solar (CSIQ) that I believed could benefit from a general upturn in the solar energy sector. Over the last week they have gained 4.55% and 10.89% respectively; so far, so good!

It is nice to see that short term pop in both stocks, but the selections were really based more on a long term belief that the industry is about to turn after several years in the doldrums. That downturn was caused in part by oversupply in the solar business. As supply has slowed to restore equilibrium in the supply and demand equation, prospects for companies in the sector have improved. The downside to that has been the effect on businesses that supply the industry.

Amtech Systems (ASYS) would be a case in point. In fact, Amtech, who manufacture parts and systems for the solar power and semiconductor industry, got hit on two fronts. Just as oversupply affected their business supplying solar power companies, so the same dynamic hurt the semiconductor industry. They went from consistent profits to consistent losses, seemingly overnight. Earlier this month, as those losses came in at over twice the consensus expectations, the market finally lost patience and the stock tanked.


Figure 1: ASYS 3 Month

Hidden in that disastrous quarter, however, was some good news; orders were up 125% on a year to year basis, largely…

To read the full article

Please sign up and become a premium OilPrice.com member to gain access to read the full article.

RegisterLogin

Trending Discussions





Oilprice - The No. 1 Source for Oil & Energy News