From the courtroom to the board room, here's a roundup of this week's action in the solar power space.
On Monday, Wal-Mart
Late last year, LDK Solar
One discrepancy I noticed in the firms' respective press releases is that while LDK continues to refer to the money in question as a prepayment, Q-Cells refers to it as a loan that was "originally an advance payment for raw material supplies." The latter categorization implies that Q-Cells didn't get much for its money.
On the R&D front, LDK entered into a collaboration with the National Renewable Energy Laboratory, one of the Department of Energy's research labs. The pair will be sleuthing out various silicon-related solutions.
The biggest news I spotted this week was the acquisition of Recurrent Energy by Sharp. Recurrent has been on the auction block for a while, and I've worried aloud that Suntech Power
Sharp's debt-to-EBITDA ratio is half the level of Suntech's, and the firm is likely in a much better financial position to make this acquisition work. Sharp can now better go head to head against firms such as First Solar and SunPower
Wal-Mart Stores is a Motley Fool Inside Value recommendation. First Solar and Suntech Power Holdings are Motley Fool Rule Breakers choices. Try any of our Foolish newsletter services free for 30 days.
Fool contributor Toby Shute doesn't have a position in any company mentioned. Check out his CAPS profile or follow his articles using Twitter or RSS. The Fool owns shares of Wal-Mart Stores. The Motley Fool has a disclosure policy.
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