尚德第一季度盈利猛增,中国太阳能电池板在美国和全球市场所占据的份额也越来越大。
公司调升2010年出货量从预测的50兆瓦到1300兆瓦,发送美国的存托股票上涨3.1%。
据报道,尚德的利润达到2070万美元,每股美国存托11美分,高于之前的180万美元,每股美国存托1美分。
尚德表示,其收入飙升86%至5.88亿美元,比之前分析师预计的要高。
在最近一段时期,尚德有2450万美元的外汇损失,它表示已经制订了第二季度的套期保值方案。
尚德的出货量增长了近两倍,毛利率从17.8%升到19.5%。
尚德目前仍在努力发展北美市场,扩张其在美国的销售网络,预计销售额会增长三倍,占据美国市场的20%。而且该公司全球战略发展良好,新兴市场占了第一季度销售额的21%。
德国作为世界上最大的太阳能市场需求仍在增长,没有受补贴削减传闻的影响,与此同时,太阳能公司正在扩大在美国和亚洲的业务,以满足这些市场日益增长的需求。欧洲太阳能补贴政策仍然是光伏行业发展的动力,分析师预计美国和中国要成为未来几年最大的太阳能市场。
NEW YORK (Dow Jones)--Suntech Power Holdings Co.'s (STP) first-quarter earnings soared as the Chinese solar-panel maker reported a sharp rebound in demand globally and a growing share of the U.S. market.
The company also raised its 2010 shipments forecast 50 megawatts to 1.3 gigawatts, sending American Depositary Shares up 3.1% to $10.03 in pre-market trading. Still, the stock is down 41% this year as concerns have grown about the effect of upcoming cuts to some government subsidies and a weak European economy.
The solar sector has been posting stronger results in the latest quarter, with many companies stepping up production even though prices remain low. In Germany, the world's largest solar market, demand has grown in a rush to beat coming subsidy cuts. Meanwhile, solar companies are expanding operations in the U.S. and Asia to meet growing demand in these markets.
"We are completely sold out," Chairman and Chief Executive of Zhengrong Shi said, describing the demand environment for this year during a conference call to discuss the quarterly results.
The company has plans to further expand its production in China, while halting production of its thin-film line of solar panels. The majority of Suntech's panels are traditional crystalline-silicon panels, and Shi said that the lower efficiency of thin-film panels offers no obvious competitive advantage in the current market.
Suntech remains focused on expanding in North America, and has added to its dealer network in the U.S. Shi said the company expects to triple sales in the region this year, and is on track to reach its goal of grabbing 20% of the U.S. market. Meanwhile, Suntech is growing sales globally, with emerging markets representing nearly 21% of first-quarter sales.
Suntech reported a profit of $20.7 million, or 11 cents per ADS, up from $1.8 million, or 1 cent per ADS, a year earlier. Analysts polled by Thomson Reuters most recently forecast earnings of 11 cents.
Suntech said its revenue soared 86% to $588 million. Last month, the company forecast revenue of $580 million to $590 million, more than analysts' estimates at the time.
Subsidies in Europe remain the primary driver of solar demand, but analysts expect the U.S. and China to become the largest solar markets in the years ahead. Sales outside of Europe have been important recently as well, as the declining euro has weighed on profits.
In the latest period, Suntech's results included a foreign-exchange loss of $24.5 million. Suntech said it has increased its hedging program for the second quarter.
Shipments nearly tripled from a year earlier and were up 11% sequentially, more than Suntech's March estimates for 5% to 10% growth from the fourth quarter.
Gross margin rose to 19.5% from 17.8%.