For the first time,
) has been selected by Panasonic Eco Solutions North America for
its high-efficiency polycrystalline modules. These modules will
be utilized by Panasonic for its multiple photovoltaic (PV)
Particularly, the company will supply 12,176 polycrystalline
panels carrying a capacity of 255 watt ("W"), 300W, and 305W.
These highly efficient modules will generate 3.4 megawatt ("MW")
of solar power at Panasonic's upcoming solar projects in the
Colorado cities of Bellvue, Loveland, Denver, Broomfield,
Boulder, and Rifle, as well as in the California city of Fresno.
ReneSola's polycrystalline modules have high module conversion
efficiencies. These are easy to install and have a load
capability of up to 5400 Pascal. Moreover, these modules
meet International Electrotechnical Commission standards.
ReneSola is a prominent player in the U.S. solar market. Despite
implementation of countervailing duties and anti-dumping duties
on Chinese solar products by the U.S. government, the company is
regularly winning contracts in the U.S. due to the high standard
of its products and services. Recently, ReneSola supplied 6,480
units of solar panels under a contract with solar developer
EcoPlexus. EcoPlexus utilized these panels for the completion of
its 2 MW solar PV facility in California.
Like most of the Chinese solar product manufactures, ReneSola is
also expanding its footprint in the Asian, African and European
markets to offset any slowdown in U.S. orders. Recently, the
company signed a series of agreements with Lightsource Renewable
Energy Limited, the largest solar energy generator in the United
Kingdom. Per the agreement, the company will provide 69.5 MW of
solar modules for installation on solar farms in the United
The company is also capitalizing on its low-cost manufacturing
base and technical know-how to consistently improve upon the cost
competitiveness of its solar products through research and
development and technological innovation. Recently, the company's
Jiangsu Product Center Laboratory became the first lab in China
to receive the TUV SUD accreditation for potential induced
degradation (PID) testing.
The company's monocrystalline and high-efficiency
polycrystalline solar panels regularly undergo the rigorous PID
testing process. These tests help in evaluating the loss of power
output of solar panels under severe conditions of high voltage,
high temperature and high humidity.
JA SOLAR HOLDGS (JASO): Free Stock Analysis
JINKOSOLAR HLDG (JKS): Free Stock Analysis
RENESOLA LT-ADR (SOL): Free Stock Analysis
SUNPOWER CORP-A (SPWR): Free Stock Analysis
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The company presently retains a short-term Zacks Rank #2 (Buy) on
the back of improving operating efficiencies, material cost
savings and the introduction of new products. Other stocks worth
considering in the solar space are
JinkoSolar Holding Co., Ltd.
JA Solar Holdings Co., Ltd.
). While SunPower Corp. carries a Zacks Rank #1 (Strong Buy),
JinkoSolar Holding and JA Solar Holding hold a Zacks Rank #2