U********f
发帖数: 2482 | 1 1. 2Billion solar farm sale = one year's revenue
2. market bottom out soon
3. stock oversold, price drop 65% YTD. | U********f
发帖数: 2482 | 2 the treasury clean energy grant will expire at the end of 2011,
the application deadline for grant is Oct. 2012
FSLR will have more sale's contract come out again.
a strong buy!
【在 U********f 的大作中提到】
: 1. 2Billion solar farm sale = one year's revenue
: 2. market bottom out soon
: 3. stock oversold, price drop 65% YTD.
| B*********e
发帖数: 909 | 3 巴菲买FSLR啦
Source say MidAmerican Energy Holdings (BRK.B) has agreed to buy First Solar
's (FSLR) 550-megawatt Topaz Solar Farm power plant in California. No word
on the deal's price tag. The plant, which will be one of the largest ever,
is expected to cost more than $2B to build. | U********f
发帖数: 2482 | 4 He is not buy stock, only the product.
Solar
【在 B*********e 的大作中提到】
: 巴菲买FSLR啦
: Source say MidAmerican Energy Holdings (BRK.B) has agreed to buy First Solar
: 's (FSLR) 550-megawatt Topaz Solar Farm power plant in California. No word
: on the deal's price tag. The plant, which will be one of the largest ever,
: is expected to cost more than $2B to build.
| s*********d
发帖数: 1998 | 5 maybe, if oil price keeps going up. | B*********e
发帖数: 909 | 6 Warren Buffett’s Berkshire Hathaway Inc., which is buying a $2 billion
solar project in California, may have picked the right time to invest in the
industry.
The 550-megawatt Topaz project will qualify for a federal incentive because
construction began last month, and it will sell electricity under a long-
term contract that was completed before prices for solar panels fell 44
percent in the last year. Berkshire’s MidAmerican Energy Holdings utility
unit and First Solar Inc. (FSLR), the project developer, announced the deal
yesterday.
Topaz, which will use First Solar panels, may be the last large solar farm
to qualify for the U.S. Treasury Department incentive program, which is set
to expire this year. It will likely sell power at a higher price than
projects that are seeking contracts from utilities now, said Paul Clegg, an
analyst at Mizuho Securities USA in New York.
“The smart guys are getting into these early projects because they have
very attractive power-purchase agreements,” Clegg said in an interview. “
Financing won’t be as easy at the rates being signed for the latest ones.”
First Solar projects that are currently being built will sell power for 14
cents to 16 cents a kilowatt-hour, said Alan Bernheimer, a spokesman for the
Tempe, Arizona-based company. By 2014, he expects its solar farms to sell
power at 10 cents to 12 cents a kilowatt-hour, he said.
The price of the Topaz deal wasn’t disclosed and Bernheimer wouldn’t give
the rates at which it will sell electricity. PG&E Corp. (PCG)’s San
Francisco-based utility agreed in August 2008 to buy Topaz’s power for 25
years.
‘Favorable Terms’
“The reason this project made sense is because the power purchase agreement
was signed three years ago at very favorable terms,” Sanjay Shrestha, an
analyst at Lazard Capital Markets in New York, said in an interview. He has
a “buy” rating on First Solar.
Prices for power sold under these long-term contracts are coming down, and
the expected expiration of a federal incentive may further erode profit
margins for large projects, Shrestha said. The Treasury Department’s 1603
program, which offers cash grants equal to about 30 percent of renewable
energy projects’ development costs, is set to end Dec. 31.
First Solar received $3.1 billion in federal loan guarantees for three other
solar projects that it later sold. Buffett is chairman and chief executive
of Omaha, Nebraska-based Berkshire.
Loan Guarantees
The Topaz plant was offered a conditional guarantee that the company couldn
’t complete because it was unable to meet some of the requirements before
the U.S. Energy Department loan guarantee program ended Sept. 30.
MidAmerican Energy said the purchase shows that solar energy is viable
without government backing. Solyndra LLC, a failed solar panel company,
received a guarantee under the same program.
“Buffett’s investment shows that solar has come of age,” Shrestha said.
The end of the grant program “takes away some of the incentive but there
will still be viable large scale solar plants.”
The billionaire’s endorsement may also help First Solar sell other solar
farms, even if they have power-purchase deals with lower rates, Clegg said.
“I don’t doubt they will find buyers for more of their projects,” he said
. “The returns probably won’t be as good as the ones that have already
been sold.”
First Solar has sold and begun building projects using its panels to buyers
including General Electric Co., NextEra Energy Inc., Exelon Corp. and NRG
Energy Inc. Projects that First Solar is developing and for which it still
needs buyers total 600 megawatts, according to a company presentation on Oct
. 26.
Biggest Acquisition
MidAmerican may not be one of the buyers, said Jeff Matthews, a Berkshire
shareholder and author of “Secrets in Plain Sight: Business and Investing
Secrets of Warren Buffett.”
“I would guess this is specific to MidAmerican and this particular deal,”
he said in an e-mail. Though Buffett has voiced support for renewable energy
, “I wouldn’t think he’s going to run around and buy solar assets.”
Buying Topaz will provide a “nice set” of cash flow for MidAmerican, Jenny
Chase head of solar analysis at Bloomberg New Energy Finance, said in an e-
mail. “This is the biggest acquisition of a single photovoltaic project
anywhere,” she said.
The Topaz project in San Luis Obispo County is expected to be complete in
2015. It’s the third-largest solar farm announced to date in the U.S., tied
with First Solar’s Desert Sunlight plant, also in California, and trailing
plants that NRG Energy and Cannon Power Corp. are developing, according to
New Energy Finance.
To contact the reporter on this story: Christopher Martin in New York at
c*******[email protected]
http://www.bloomberg.com/news/2011-12-07/buffett-gets-u-s-incen
【在 U********f 的大作中提到】
: He is not buy stock, only the product.
:
: Solar
| U********f
发帖数: 2482 | 7 1. 关键点:By 2014, he expects its solar farms to sell
power at 10 cents to 12 cents a kilowatt-hour
也就是说2014年,SOLAR POWER可以达到平均水平，不再要政府补贴了。
2. 550-megawatt Topaz project 3年内结束，每年将新增700M 收入。
3. FSLR的存货（600MEGAWATT)也将用完了，公司马上要上新项目。
4. 年底前可能还会有更多的项目要卖掉，因为政府30%的REFUND要截止了。
the
because
deal
【在 B*********e 的大作中提到】
: Warren Buffett’s Berkshire Hathaway Inc., which is buying a $2 billion
: solar project in California, may have picked the right time to invest in the
: industry.
: The 550-megawatt Topaz project will qualify for a federal incentive because
: construction began last month, and it will sell electricity under a long-
: term contract that was completed before prices for solar panels fell 44
: percent in the last year. Berkshire’s MidAmerican Energy Holdings utility
: unit and First Solar Inc. (FSLR), the project developer, announced the deal
: yesterday.
: Topaz, which will use First Solar panels, may be the last large solar farm
| B*********e
发帖数: 909 | 8 Thx, Sheriff!
Any comments on rumors about the take-over by GE?
【在 U********f 的大作中提到】
: 1. 关键点:By 2014, he expects its solar farms to sell
: power at 10 cents to 12 cents a kilowatt-hour
: 也就是说2014年,SOLAR POWER可以达到平均水平，不再要政府补贴了。
: 2. 550-megawatt Topaz project 3年内结束，每年将新增700M 收入。
: 3. FSLR的存货（600MEGAWATT)也将用完了，公司马上要上新项目。
: 4. 年底前可能还会有更多的项目要卖掉，因为政府30%的REFUND要截止了。
:
: the
: because
: deal
| l****t
发帖数: 1379 | 9 找找solar的ETF就好拉. 个股还是小心.
【在 U********f 的大作中提到】
: 1. 2Billion solar farm sale = one year's revenue
: 2. market bottom out soon
: 3. stock oversold, price drop 65% YTD.
| g***c
发帖数: 11523 | 10 巴菲特投资提前半年
现在买solar不是早死？
【在 U********f 的大作中提到】
: 1. 关键点:By 2014, he expects its solar farms to sell
: power at 10 cents to 12 cents a kilowatt-hour
: 也就是说2014年,SOLAR POWER可以达到平均水平，不再要政府补贴了。
: 2. 550-megawatt Topaz project 3年内结束，每年将新增700M 收入。
: 3. FSLR的存货（600MEGAWATT)也将用完了，公司马上要上新项目。
: 4. 年底前可能还会有更多的项目要卖掉，因为政府30%的REFUND要截止了。
:
: the
: because
: deal
| B*********e
发帖数: 909 | 11 呵呵，
巴菲故意漏出破绽，
提出几个重量级，
可以让儿子接班啦
【在 g***c 的大作中提到】
: 巴菲特投资提前半年
: 现在买solar不是早死？
| k****x
发帖数: 2751 | | m*****g
发帖数: 57 | 13 Thank you very much. This is the best recommendation I find for three months
. I will check it closely by myself. | m*****g
发帖数: 57 | |
|
