First Solar Inc., the largest U.S. solar manufacturer, reported net income that was more than double estimates, largely the result of revenue from a 139- megawatt power plant in California.
The Italian government may delay the introduction of a new bill reducing premium tariffs and spending targets for solar energy by three months, according to a Deutsche Bank AG analyst.
Solar stocks rose on anticipation that lower-than-expected subsidy cuts in Germany will spur demand while an oversupply of panels may lead to consolidation.
Solar companies rose on optimism that stronger-than-expected demand at the end of 2011 will continue this year.
Solar panel prices will stop falling after a slump last year pushed them to unprofitable levels, forcing producers to cut output, according to Deutsche Bank AG.
Solar companies climbed this week on optimism that stronger-than-expected demand at the end of 2011 will continue this year.
Solar companies led a rally in Chinese stocks traded in New York after Deutsche Bank AG said the outlook of demand for the renewable energy is improving.
The wind-turbine components maker American Superconductor Corp. fell the most in two decades after its largest customer refused to accept a shipment and its stock was downgraded.
Chinese stocks fell the most in two weeks in New York, led by commodity producers, as declines in manufacturing indexes spurred concern growth is slowing in the world’s second-largest economy.
Qunar Cayman Islands Ltd., the Chinese travel-booking website controlled by Baidu Inc., surged in New York after reporting an increase in travel reservation on mobile devices. Ctrip.com International Ltd. plunged.
"Activity levels in the U.S. utility scale segment are picking up and First Solar is gaining traction at a number of these customers."
- Vishal Shah on May 06, 2014