Dow Partners with Sol Solutions - Analyst Blog
06 Mai 2013 - 4:23PM
Zacks
Dow Solar, a business unit of The Dow Chemical
Company (DOW), and Sol Systems have partnered to provide
turnkey solar renewable energy credit (SREC) solutions for DOW
POWERHOUSE Solar Shingles customers.
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 investment.
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
Washington, D.C.
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 60
cents.
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. (SHECY),
Celanese Corporation (CE) and Methanex
Corporation (MEOH). 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 Report
DOW CHEMICAL (DOW): Free Stock Analysis Report
METHANEX CORP (MEOH): Free Stock Analysis Report
SHIN-ETSU CHEM (SHECY): Get Free Report
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