SLTZ has traded at much higher levels so with recent acquisitions and developments now could be a perfect opportunity to take a serious look at it!With the overall market down lately, I suspect savvy investors have been picking up stuff that could come back strong.
There's an article that came out this weekend that says First Solar (FSLR) can't keep up with their solar demands. When one of the biggest solar companies in the world can't build fast enough, this tells you the industry is going to bring in some big profits for solar companies.
Article: http://www.reuters.com/article/idCNLDE65407F20100606?rpc=44
SLTZ has had a pretty aggressive acquisition strategy that could add huge profits to their yearly revenue.
SLTZ announced at the end of last month that they have acquired 100% of the issued and outstanding shares of Atlantis Solar LLC.
This is significant as Atlantis has already received its first non-binding memorandum of understanding from a customer for the potential purchase of up to 80MW of crystalline modules.
If the transaction is consummated, the potential gross revenues from this sale could be as much as $100 Million over the next three years!!
SLTZ will maintain Atlantis as a wholly owned subsidiary.
Atlantis intends to create a Solar Panel assembly and manufacturing facility in the US to fabricate both crystalline and amorphous silicon modules.
It is anticipated that such operations will commence this Fall.
SLTZ has also announced earlier this year that they intend to acquire Algatec Equity Partners LP, which owns a 47% equity interest in the capital stock of Algatec Solar AG, a growing producer of silicon crystalline solar panels and modules.
Headquartered in Prosen, Germany, Algatec sells its modules primarily to a number of solar companies, including modules used in power projects.
Germany remains the World’s largest PV market which explains why SLTZ might want to acquire a Company located there!
Algatec's revenues for 2009 are estimated to be $30 million with an estimated EBITDA of $2 million!
Algatec has advised SLTZ that, based on its order backlog, Algatec believes that it can realistically achieve $70 million in revenues and EBITDA of $8.4 million in its fiscal year ending December 31, 2010!Turning on our lights is something we sometimes take for granted.
We may be paying our electricity bill but many people in the world don't even have access to electricity!
They depend on solar photovoltaics as their cheapest electricity source.
In 2005, oil costing $60 / barrel created a great push for PV developments. PV technology has been thriving across the world.
Worldwide solar photovoltaic (PV) installations reached a record high of 6.43 gigawatt (GW) in 2009 - a 6% Y/Y growth, according to the latest Marketbuzz 2010 Report from Solarbuzz!
Even in the slowest growth scenario, the global market will be 2.5 times its current size by 2014.
Using the fastest growth forecast, annual industry revenues would approach $100 billion by 2014!
Europe has been leading the way but the U.S. and Japan are emerging as leaders too.
Imagine if China becomes a huge player. The demand for PVs could skyrocket given their monstrous population.
SLTZ sells both "turnkey systems" and sub-systems to customers currently located in China, Spain and the United States.
SLTZ has also produced equipment for installations in the US, Germany, Portugal, Taiwan, Greece and Spain.
SLTZ is still in the final stages of its negotiations to acquire 100% ownership of BudaSolar Technologies Co., Ltd., who have just signed a contract with China City Investments Limited as technology provider for the delivery of turnkey production lines at the capacity of 85MWp/year using Silicon based thin film PV technology.
SLTZ offers one of the world's most capital and cost efficient solutions for the production of thin film solar modules, and will provide qualified customers with a summary project plan, financial pro forma, and associated cost of goods sold analysis.SLTZ offers a wide range of proprietary equipment for the thin-film PV module manufacturing, and also provides custom designs and solutions for particular machines and accessories utilized in the thin-film PV production facilities.
Here are some of the machines, equipment and accessories developed and offered by SLTZ:
SLTZ believes that its line of thin-film photovoltaic manufacturing equipment positions it to take advantage of the rapidly growing demand for solar modules and an expected market shift towards "thin-film" PV modules as part of a cost effective, "clean technology" energy solution.
According to the Clean Energy Trends 2010 report issued by Clean Edge Inc., in 2009, combined global revenue for the three major clean-energy sectors – solar photovoltaics (PV), wind power, and biofuels – grew by 11.4 percent over 2008, reaching $139.1 billion!
These three sectors are expected to reach $325.9 billion by 2019!
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