Dow Solar, a business unit of
The Dow Chemical Company
), and Sol Systems have partnered to provide turnkey solar
renewable energy credit (SREC) solutions for DOW POWERHOUSE Solar
Sol Systems will offer the customers of Dow Solar with the
opportunity to enter into SREC contracts. Sol Systems provide
access to its proprietary SREC management tool and register the
systems with the necessary state and regulatory bodies, track
meter readings, and handle all SREC customer service inquiries,
thereby removing the administrative burden of monetizing SRECs
for its customers and partners. In this way, Dow Solar's
customers can improve the financial return on their solar
Sol Systems is the largest SREC aggregator and financier in
the U.S. and offers SREC financing solutions to customers in 13
states throughout the Midwest and Mid-Atlantic. The solutions
will be provided to the customers of Dow Solar in Md., Mass., and
Dow's POWERHOUSE Solar Shingle includes a custom designed
array that complements the style of the homeowners while matching
their goals. POWERHOUSE Solar Shingle is certified as both a
solar and roofing product. POWERHOUSE is currently available in
select U.S. markets through Dow's Authorized builders and roofing
contractors. POWERHOUSE Solar Shingles have won several awards
for their innovative design, and is proven to withstand rain,
hail and wind uplift.
Dow posted its first-quarter 2013 results last month. The
company posted a profit of $550 million or 46 cents a share, a
roughly 33% rise from $412 million or 35 cents a share earned a
year ago. Profits soared on strength in the agriculture science
business, which witnessed record sales of seeds and crop
protection products. Dow also benefited from nearly $300 million
decline in raw material costs in the reported quarter.
Barring one-time items (including charges associated with tax
adjustments and loss on early extinguishment of debt), the
company earned 69 cents a share in the quarter, up from 61 cents
a year ago. That comfortably beat the Zacks Consensus Estimate of
Dow will focus on organically growing its attractive
businesses and driving earnings leveraging its feedstock
strength. The company will continue to pursue its cost reduction
and efficiency programs while reducing debt and maximizing
shareholder returns. However, Dow does not see a material
improvement in the macroeconomic environment this year.
Dow currently holds a Zacks Rank #3 (Hold).
Other companies in the chemical industry having favorable
Zacks Rank are
Shin-Etsu Chemical Co., Ltd.
). While Shin-Etsu Chemical retains a Zacks Rank #1 (Strong Buy),
Celanese and Methanex hold a Zacks Rank #2 (Buy).
CELANESE CP-A (CE): Free Stock Analysis
DOW CHEMICAL (DOW): Free Stock Analysis
METHANEX CORP (MEOH): Free Stock Analysis
SHIN-ETSU CHEM (SHECY): Get Free Report
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