Jesse Pichel News
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MEMC Electronic Materials Inc., the second-largest U.S. polysilicon maker, rose the most in more than a week after second-quarter sales of solar projects boosted its cash flow.
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First Solar Inc., the world’s biggest maker of thin-film modules, said profit jumped 81 percent after it recognized revenue for selling power plants, validating the company’s strategic shift to building solar farms using its panels.
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First Solar Inc., the world’s biggest maker of thin-film panels, said profit jumped 81 percent after it recognized revenue for selling power plants, validating a strategic shift to building solar farms using its modules.
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Bonds of Suntech Power Holdings Co. plummeted to the lowest price since January as analysts raise questions about the Chinese solar manufacturer’s ability to refinance its debt.
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Suntech Power Holdings Co., the Chinese solar manufacturer that may have been defrauded by an affiliate, has about $541 million in debt that will come due in March and won’t get any help from Wall Street, three analysts said.
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Suntech Power Holdings Co., the Chinese solar-panel producer that may have been defrauded by an affiliate, has about $541 million in debt due in March and won’t get any help from Wall Street, three analysts said.
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MEMC Electronic Materials Inc., the second-largest U.S. polysilicon maker, gained the most in more than three years after announcing the sale of four solar farms in Europe with a total capacity of 98 megawatts.
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First Solar Inc., the world’s largest thin-film solar producer, fell 9.1 percent, the most in almost two years, in New York trading after saying it’s in talks to sell a 550-megawatt project that won’t receive a U.S. government loan guarantee.
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Japan is poised to overtake Germany and Italy to become the world’s second-biggest market for solar power as incentives starting July 1 drive sales for equipment makers from Yingli Green Energy Holdings Co. to Kyocera Corp.
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Polysilicon, the raw material used to make most solar panels, is forecast to fall another 9 percent from its lowest in a decade as a supply glut narrows margins throughout the industry.
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