Science & Technology
Science and Technology
Science and Technology
Wed, May 26, 2010
Tue, May 25, 2010 
CHICAGO--([ BUSINESS WIRE ])--Today, Zacks Equity Research discusses the Alternative Energy Industry, including JA Solar Holdings Company Ltd. (Nasdaq: [ JASO ]), China Sunergy Company Ltd. (Nasdaq: [ CSUN ]) and Rentech Inc. (AMEX: [ RTK ]).
A synopsis of todaya™s Industry Outlook is presented below. The full article can be read at [ http://www.zacks.com/stock/news/34633/Alternative+Energy+Stock+Review+-+May+2010 ].
OPPORTUNITIES
Subsidy Programs: Governments, most notably China, have increased their financial support for solar projects. China is aiming at increasing its installed solar power capacity to 2 GW by 2011 from 140 MW capacity at fiscal-end 2008. To fulfill this objective, the Chinese government offers a 20 yuan/watt subsidy to solar PV projects whose single installed capacity exceeds 50 kWp. JA Solar Holdings Company Ltd. (Nasdaq: [ JASO ]) and China Sunergy Company Ltd. (Nasdaq: [ CSUN ]) under our coverage stand to benefit from this move.
Earlier under the American Reinvestment and Recovery Act (ARRA) passed in February 2009, the U.S. Treasury Department implemented a program to issue cash grants in lieu of investment tax credit for renewable energy projects. Recent focus on renewable sources will greatly benefit green crusader companies like Rentech Inc. (AMEX: [ RTK ]). Also, the U.S. has implemented a loan guarantee program to help developers obtain financing for solar power projects.
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