More solar news. First, what is billed as the largest solar array in Michigan and the second largest solar carport in the Midwest, second only to the 1.1 MW solar carport at Ohio’s Cincinnati Zoo: The new 1.04 MW solar array at Ford World Headquarters in Dearborn, MI, is expected to begin construction in September and be completed sometime in early 2015, according to published reports.
Built by Ford and DTE Energy, the new solar array has the capacity to generate enough power electricity to power 158 normal sized homes, according to reports. The carport, covering 360 parking spaces, includes 30 charging stations for plug-in electric vehicles.
It’s all about Ford’s “long history of innovation and a deep commitment to sustainability,” said Ford Executive Chairman Bill Ford, in a statement.
Second, while big U.S. industries are rallying around solar, a solar panel shortage is looming, according to Fortune magazine. With solar panel adoption expected to increase 29 percent this year, the availability of solar panels is already starting to decline, according to the report.
That has led big panel makers to invest in additional production. San Jose, CA-based SunPower Corp. (Nasdaq: SPWR) “plans to open a new factory that will produce at least 700 megawatts a year starting as early as 2017,” according to the Fortune report. San Mateo, CA-based SolarCity(Nasdaq: SCTY) bought a panel maker last June.
It’s difficult to tell how this will affect the small cap solar companies. Here are a random few we last covered in June:
Trina Solar Limited (ADR)(NYSE:TSL), an international small cap based in China, manufactures integrated solar-power products with a specialization in the manufacture of crystalline silicon photovoltaic modules and system integration. We last covered TSL on June 23 when it closed at $12.81 with a market cap of $913.52 million. TSL closed August 19 at $13.06, up 61 cents for the day with a market cap of $1 billion. Its 52-week trading range is $6.75 – $18.77.
Real Goods Solar, Inc. (NASDAQ:RGSE), based in Louisville, CO, offers turnkey solar energy services to commercial, residential, and utility customers and has over 33 years of experience in solar energy. Real Goods Solar acquired Sunetric, a leading Hawaiian solar company, in March. RGSE closed June 23 at $2.84 with a market cap of $126.81 million. It closed August 19 at $2.22, up 13 cents for the day, with a market cap of $114 million. Its 52-week trading range is $1.70 – $5.65.
China-based Yingli Green Energy Holding Co. (NYSE: YGE) makes photovoltaic products including cells, modules and systems. YGE closed June 30, 2014 at $3.74. YGE closed August 19 at $3.77, up 20 cents for the day, with a market cap of $656.3 million. Its 52-week trading range is $2.68 – $8.77.