First Solar and SunPower Look to Benefit From Saudi Arabia's $109 Billion Solar Plan
Five Star Equities Provides Stock Research on First Solar and SunPower
(firmenpresse) - NEW YORK, NY -- (Marketwire) -- 05/16/12 -- Solar stocks could get a boost as Saudi Arabia has announced a $109 billion plan to create a solar industry that will generate a third of the nation's electricity within two decades. The Saudi Arabian Market would provide significant opportunities for solar panel manufacturers. Five Star Equities examines the outlook for companies in the Solar Industry and provides equity research on First Solar, Inc. (NASDAQ: FSLR) and SunPower Corporation (NASDAQ: SPWR).
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"We are not only looking for building solar plants," Maher al-Odan, a consultant at the King Abdullah City for Atomic and Renewable Energy, said in a recent interview. "We want to run a sustainable solar energy sector that will become a driver for domestic energy for years to come." Saudi Arabia, the world's largest oil exporter, hopes to have 41,000 megawatts of solar capacity by 2032 said al-Odan. According to Bloomberg New Energy Finance the nation trails Egypt, Morocco, Tunisia, Algeria, and the United Arab Emirates with only 3 megawatts of solar installations.
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First Solar is a leading global provider of comprehensive photovoltaic (PV) solar systems which use its advanced thin-film modules. The company's integrated power plant solutions deliver an economically attractive alternative to fossil-fuel electricity generation today. The company recently announced financial results for the first quarter of 2012. Net sales were $497 million in the quarter, a decrease of $163 million from the fourth quarter of 2011.
SunPower Corp. designs, manufactures and delivers the highest efficiency, highest reliability solar panels and systems available today. Residential, business, government and utility customers rely on the company's quarter century of experience and guaranteed performance to provide maximum return on investment throughout the life of the solar system. Headquartered in San Jose, CA, SunPower has offices in North America, Europe, Australia, Africa and Asia.
Five Star Equities provides Market Research focused on equities that offer growth opportunities, value, and strong potential return. We strive to provide the most up-to-date market activities. We constantly create research reports and newsletters for our members. Five Star Equities has not been compensated by any of the above-mentioned companies. We act as an independent research portal and are aware that all investment entails inherent risks. Please view the full disclaimer at:
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Datum: 16.05.2012 - 12:20 Uhr
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