The following is under the 'News' column for both SPWR and FSLR at C this morning. I think this 'news' is basically a ploy to lure people over to a stock web site, but here is the article:
Today's MarketStats on solar companies include: Sunovia Energy Technologies Inc (OTCBB:SUNV), First Solar Inc. (NASDAQ:FSLR), SunPower Corp. (NASDAQ:SPWR), Evergreen Solar Inc. (NASDAQ:ESLR) and Suntech Power Holdings Co Ltd. (NYSE:STP)
Sunovia Energy Technologies, Inc (OTCBB:SUNV)
Sunovia Energy Technologies, Inc., engages in engineering, developing, marketing, and distributing solar powered substrate technology in the United States. It is developing solar and non-solar powered substrates that permit sign-quality graphics to be run through printers with electric lighting embedded in the substrate. The company's proprietary products enable the convergence of technologies in the area of solar, micro-battery, chip-scale electronics, micro electro-mechanical systems, light emitting diodes, printable electronic inks, global positioning systems, and wireless communication technologies.
SUNV recently announced the award of the second year of a three-year, Phase III SBIR contract from the US Army for developing the manufacturing infrastructure for the commercialization of cadmium telluride (CdTe) on silicon (Si) as the key precursor substrate for the creation of mercury (Hg) cadmium telluride (MCT) based infrared (IR) imaging cameras and systems. The contract is a significant step in the commercialization of the companies' infrared and solar cell product lines, and reinforces them as a key developer and supplier of advanced night vision materials.
As a leading company in detection and imaging, SUNV it is vital to the U.S. Armed Forces stated doctrine of "Owning the Night" and has many, potentially very large, civilian applications in areas of law enforcement, security and environment protection.
First Solar Inc. (NASDAQ:FSLR)
First Solar, Inc. designs, manufactures, and sells solar electric power modules using a proprietary thin film semiconductor technology. The company's solar modules employ a thin layer of cadmium telluride semiconductor material to convert sunlight into electricity.
FSLR is one of the more profitable companies in the Semiconductors industry with a net margin of 31.42%. Its operating margin and net margin are among the strongest of any peer while its gross margin is above the industry median.
Quarterly Growth revenues at First Solar are very impressive at 281%, but much of the growth is already priced into the stock with a 140 P/E ratio.
SunPower Corp. (NASDAQ:SPWR)
SunPower Corporation (SunPower) is a vertically integrated solar products and services company that designs, manufactures and markets high-performance solar electric power technologies. Its solar power products are sold through its components business segment, or its components segment. The company was incorporated in 1985 and is headquartered in San Jose, California. SunPower Corporation is a subsidiary of Cypress Semiconductor Corporation.
SPWR is consistent, if not average, compared to other companies in the Semiconductors industry. With a Return on Assets, Revenues Per Employee, and Return on Equity of 1.50%, $256,698.00, and 2.69% respectively, the company is by all measures doing a fair job relative to it's industry peers.
However, SPWR seems highly valued with a PEG value of 8.6142, one of the highest in the Semiconductors industry, and their P/E is 359, the highest in the industry.
Evergreen Solar Inc. (NASDAQ:ESLR)
Evergreen Solar, Inc. develops, manufactures and markets solar power products enabled by its String Ribbon technology. The Company’s revenues are primarily derived from the sale of solar modules, which are assemblies of photovoltaic cells that have been electrically interconnected and laminated in a physically durable and weather-tight package. The Company sells its products using distributors, systems integrators and other value-added resellers, who often add value through system design by incorporating its modules with electronics, structures and wiring systems.
Based on its gross, operating, and net margin, the cost structure at ESLR eats up a higher percentage of its revenues than most companies in the Semiconductors industry. To make matters worse, the company is losing money on an operating basis.
Although ESLR lost money on an operating basis, they grew earnings in the face of decreased revenues over the past twelve months. This is a trend that is not sustainable if profits are to continue to grow at this rate.
Suntech Power Holdings Co Ltd. (NYSE:STP)
Suntech Power Holdings Co., Ltd. (Suntech) is a solar energy company that designs, develops, manufactures and markets a variety of photovoltaic (PV) cells and modules. It also provides PV system integration services in China. The Company's products are used in a variety of residential, commercial, industrial and public utility applications in various markets.
STP has typical profitability characteristics for a company in the Electric Utilities industry. While it does a better than median job converting revenues to profits on a net margin basis, its operating margin is on par with the industry norm.
STP's debt to total capital ratio, at 48.66%, is in-line with the industry's norm despite its increase over the last year. The company's balance sheet shows that liquid assets are plentiful enough to service current liabilities in the event that operating earnings are unable to.
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