Market Overview

Analysts Are Having A Hard Time Predicting Solar Beyond 2016

Analysts Are Having A Hard Time Predicting Solar Beyond 2016

  • Philip Shen of Roth Capital Partners commented in a note that near-term fundamentals for the solar sector are "healthy."
  • Shen added that visibility beyond 2016 "remains unclear."
  • Shen's top solar picks remain Hannon Armstrong Sustnbl Infrstr Cap Inc (NYSE: HASI), Solaredge Technologies Inc (NASDAQ: SEDG) and Canadian Solar Inc. (NASDAQ: CSIQ).
  • Philip Shen, Roth Capital Partners' analyst covers solar stocks hosted the firm's annual ROTH Solar Symposium on Tuesday in conjunction with the Solar Power International Conference and Expo, the largest annual solar conference/expo in the United States.

    Here are some key takeaways from the event, which consisted of discussions with key executives and industry experts.

    United States/China Update

    The U.S. and Chinese governments have been working "extensively" on formulating a trade agreement that would comprise shipments of modules into the United States and polysilicon shipped into China.

    The analyst suggested that "we may be close to a solution" and an announcement could be announced during President Xi's visit to the White House on September 25.

    Related Link: Sunedison Launches First Community Solar Program In Massachusetts

    Average Selling Prices

    Module average selling prices (ASP) are "stable" with some "modest potential" for upside due to strong demand. The analyst noted that current ASPs are approximately 63-67c/W in the United States, 55c/W in China and in the high 50s in Japan.

    Feed-In Tariff (FIT) Payment Issues In China

    FIT payment delays from China "remain an issue" although the Chinese government could address the issue ahead of (or part of) its new five-year plan with some progress expected as early as the fourth quarter.

    Top Picks

    Shen's top solar picks remain Hannon Armstrong, Solaredge Technologies and Canadian Solar.

    Image Credit: Public Domain

    Posted-In: China solar Philip Shen Roth Capital ROTH Solar SymposiumAnalyst Color Emerging Markets Markets Analyst Ratings Best of Benzinga


    Related Articles (CSIQ + HASI)

    View Comments and Join the Discussion!

    Latest Ratings

    DKSBank of AmericaReiterates43.0
    BABank of AmericaReiterates400.0
    View the Latest Analytics Ratings
    Don't Miss Any Updates!
    News Directly in Your Inbox
    Subscribe to:
    Benzinga Trading Daily
    Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
    Market in 5 Minutes
    Everything you need to know about the market - quick & easy.
    Daily Analyst Rating
    A summary of each day’s top rating changes from sell-side analysts on the street.
    Thank You

    Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at

    Why Citi Just Added General Electric To Its U.S. Focus List

    Cesca Therapeutics Reports Collaborative Deal with Center for Immune Cell Therapies at Memorial Sloan Kettering Cancer Center