DUBLIN, Jan 15, 2019 /PRNewswire/ --

The "Malaysia Solar Inverter Market (2018-2024): Market Forecast by Power Rating, by Types, by Verticals, by Regions, and Competitive Landscape" report has been added to ResearchAndMarkets.com's offering.

Malaysia Solar Inverter Market revenues are projected to grow at a CAGR of 7.0% during 2018-2024

Government incentives along with several upcoming solar power plants in Malaysia would accelerate the demand for solar inverters over the years to come. Additionally, government subsidies and schemes such as Feed in Tariff and Net Metering are expected to further boost the demand for solar inverters in the residential and commercial verticals in Malaysia.

 In recent years, Malaysia has made major reforms and introduced new schemes to promote renewable energy sources in the country. Solar energy has been allotted the largest government budget and support amongst all renewable sources of energy. Additionally, government schemes and grants for the promotion of solar energy along with growing awareness for renewable energy would also propel the growth of solar inverter market in Malaysia over the coming years.

Peninsular Malaysia captured the majority of the market revenue share by region in the overall solar inverter market in 2017 due to rapid urbanization and high population density in the region. Moreover, upcoming solar power projects under the Large Scale Solar (LSS) programme would further strengthen the solar power generation capacity in the Peninsular Malaysia region as most of the projects are proposed to be constructed in the state of Selangor, Kedah, and Perak. As a result, the market for solar inverter would also grow substantially during the forecast period.

The report thoroughly covers Malaysia Solar Inverter Market by power rating, types, applications and regions. The report provides an unbiased and detailed analysis of the on-going trends, opportunities/high growth areas and market drivers, which would help stakeholders to devise and align market strategies according to the current and future market dynamics.

Key Highlights of the Report:

  • Historical Data of Malaysia Solar Inverter Market Revenues and Volume for the Period 2014-2017.
  • Market Size & Forecast of Malaysia Solar Inverter Market Revenues and Volume for the Period 2018-2024F.
  • Historical Data of Malaysia Solar Inverter Market Revenues and Volume by Power rating for the Period 2014-2017.
  • Market Size & Forecast of Malaysia Solar Inverter Market Revenues and Volume by Power rating for the Period 2018-2024F.
  • Historical Data of Malaysia Solar Inverter Market Revenues by Types for the Period 2014-2017.
  • Market Size & Forecast of Malaysia Solar Inverter Market Revenues by Types for the Period 2018-2024F.
  • Historical Data of Malaysia Solar Inverter Market Revenues by Verticals for the Period 2014-2017.
  • Market Size & Forecast of Malaysia Solar Inverter Market Revenues by Verticals for the Period 2018-2024F.
  • Historical Data of Malaysia Solar Inverter Market Revenues by Regions for the Period 2014-2017.
  • Market Size & Forecast of Malaysia Solar Inverter Market by Regions for the Period 2018-2024F.
  • Market Drivers and Restraints.
  • Market Trends and Developments.
  • Players Market Share.
  • Company Profiles.
  • Strategic Recommendations.

Markets Covered

By Power Ratings

  • Below 10 kW
  • 10 kW - 100 kW
  • 100.1 kW - 1 MW
  • Above 1 MW

By Types

  • Central Inverter
  • String Inverter
  • Micro Inverter

By Verticals

  • Residential
  • Commercial & Industrial
  • Utility

By Regions

Companies Mentioned

  • ABB Malaysia Sdn Bhd
  • Fronius International GMBH
  • Huawei Technologies Malaysia Sdn. Bhd.
  • Jiangsu GoodWe Power Supply Technology Co., Ltd.
  • Omnik New Energy Co., Ltd.
  • Schneider Electric SE
  • SMA Solar Technology AG
  • SolarEdge Technologies Ltd.
  • SolaX Power Co., Ltd.
  • Sungrow Power Supply Co., Ltd

For more information about this report visit https://www.researchandmarkets.com/research/knw89d/malaysia_solar?w=5

Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research.

Media Contact:

Research and Markets
Laura Wood, Senior Manager
This email address is being protected from spambots. You need JavaScript enabled to view it.   

For E.S.T Office Hours Call +1-917-300-0470
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U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716

SOURCE Research and Markets

Related Links

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Read more: Malaysia Solar Inverter Market 2014-2017 &...

TULSA, Okla., Jan. 15, 2019 /PRNewswire/ -- ONE Gas, Inc. (NYSE: OGS) today announced that its 2019 net income is expected to be in the range of $174 million to $190 million, or $3.27 to $3.57 per diluted share. The midpoint for ONE Gas' 2019 net income guidance is $182 million, or $3.42 per diluted share.

ONE Gas' 2019 earnings guidance primarily reflects the benefit of new rates, normal weather in its service territories, and higher depreciation expense from increased capital investments. This guidance reflects the recently issued order by the Oklahoma Corporation Commission related to Oklahoma Natural Gas' March 2018 Performance-Based Rate Change filing. The guidance also reflects Kansas Gas Services' joint stipulation agreement with staff and intervenors in its Kansas rate case that remains subject to approval by the Kansas Corporation Commission.

ONE Gas ended 2018 with $400 million of capacity under its revolving credit facility and does not anticipate any capital market needs in 2019. ONE Gas expects to achieve an 8.3 percent return on equity (ROE) in 2019, which assumes an average rate base of $3.6 billion calculated consistent with utility ratemaking in each jurisdiction.

ONE Gas also narrowed its 2018 net income guidance to $3.23 to $3.27 per diluted share, compared with its previously announced range of $3.15 to $3.35 per diluted share. The narrowed 2018 guidance also incorporates the recently issued order in Oklahoma.

Capital expenditures, including asset removal costs, are expected to be $450 million in 2019, with approximately 70 percent of these expenditures targeted for system integrity and replacement projects.

Guidance estimates may be impacted by the variables listed in the forward-looking statements below. Additional information is available in the guidance table on the ONE Gas website.

FIVE-YEAR GROWTH FORECAST UPDATED

ONE Gas expects net income and earnings per share to increase by an average of 6 to 8 percent annually between 2018 and 2023; however, the timing and frequency of regulatory filings will impact the growth rate in any individual year. ONE Gas' rate base is expected to grow an average of 6 to 7 percent per year between 2018 and 2023.

Capital expenditures, including asset removal costs, are expected to be in the range of $450 million to $500 million per year between 2019 and 2023, with approximately 70 percent of these expenditures targeted for system integrity and replacement projects.

ONE Gas expects its average annual dividend growth rate to be 7 to 9 percent between 2018 and 2023, with a target dividend payout ratio of 55 to 65 percent of net income, all subject to its board of directors' approval.

LINK TO GUIDANCE TABLE

http://www.onegas.com/~/media/OGS/Guidance/2019/OGS_2019_Guidance-23I_iTx-DdCXe8.pdf

NON-GAAP INFORMATION

A reconciliation of net margin to the most directly comparable GAAP measure is included in the guidance table included with this release. Net margin is comprised of total revenues less cost of natural gas. This net amount is considered a non-GAAP financial measure. Cost of natural gas includes commodity purchases, fuel, storage, transportation and other gas purchase costs recovered through our cost of natural gas regulatory mechanisms, as required by our regulators, and does not include an allocation of general operating costs or depreciation and amortization. In addition, our cost of natural gas regulatory mechanisms provide a method of recovering natural gas costs on an ongoing basis without a profit. Therefore, although our revenues will fluctuate with the cost of gas that we pass through to our customers, net margin is not affected by fluctuations in the cost of natural gas. Accordingly, we routinely use net margin in the analysis of our financial performance. We believe that net margin provides investors a more relevant and useful measure to analyze our financial performance as a 100 percent regulated natural gas utility than operating revenues because the change in the cost of natural gas from period to period does not impact our net margin.

ONE Gas, Inc. (NYSE: OGS) is a 100-percent regulated natural gas utility, and trades on the New York Stock Exchange under the symbol "OGS." ONE Gas is included in the S&P MidCap 400 Index, and is one of the largest natural gas utilities in the United States.

ONE Gas provides natural gas distribution services to more than 2 million customers in Oklahoma, Kansas and Texas.

ONE Gas is headquartered in Tulsa, Okla., and its divisions include Oklahoma Natural Gas, the largest natural gas distributor in Oklahoma; Kansas Gas Service, the largest in Kansas, and Texas Gas Service, the third largest in Texas, in terms of customers.

Its largest natural gas distribution markets by customer count are Oklahoma City and Tulsa, Okla.; Kansas City, Wichita and Topeka, Kan.; and Austin and El Paso, Texas. ONE Gas serves residential, commercial, industrial, transportation and wholesale customers in all three states.

For more information, visit the website at http://www.ONEGas.com.

Some of the statements contained and incorporated in this news release are forward-looking statements within the meaning of Section 27A of the Securities Act and Section 21E of the Exchange Act. The forward-looking statements relate to our anticipated financial performance, liquidity, management's plans and objectives for our future operations, our business prospects, the outcome of regulatory and legal proceedings, market conditions and other matters. We make these forward-looking statements in reliance on the safe harbor protections provided under the Private Securities Litigation Reform Act of 1995. The following discussion is intended to identify important factors that could cause future outcomes to differ materially from those set forth in the forward-looking statements.

Forward-looking statements include the items identified in the preceding paragraph, the information concerning possible or assumed future results of our operations and other statements contained or incorporated in this news release identified by words such as "anticipate," "estimate," "expect," "project," "intend," "plan," "believe," "should," "goal," "forecast," "guidance," "could," "may," "continue," "might," "potential," "scheduled," "likely," and other words and terms of similar meaning.
One should not place undue reliance on forward-looking statements, which are applicable only as of the date of this news release. Known and unknown risks, uncertainties and other factors may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by forward-looking statements. Those factors may affect our operations, markets, products, services and prices. In addition to any assumptions and other factors referred to specifically in connection with the forward-looking statements, factors that could cause our actual results to differ materially from those contemplated in any forward-looking statement include, among others, the following:

  • our ability to recover operating costs and amounts equivalent to income taxes, costs of property, plant and equipment and regulatory assets in our regulated rates;
  • our ability to manage our operations and maintenance costs;
  • changes in regulation of natural gas distribution services, particularly those in Oklahoma, Kansas and Texas;
  • the economic climate and, particularly, its effect on the natural gas requirements of our residential and commercial industrial customers;
  • competition from alternative forms of energy, including, but not limited to, electricity, solar power, wind power, geothermal energy and biofuels;
  • conservation and energy storage efforts of our customers;
  • variations in weather, including seasonal effects on demand, the occurrence of storms and disasters, and climate change;
  • indebtedness could make us more vulnerable to general adverse economic and industry conditions, limit our ability to borrow additional funds and/or place us at competitive disadvantage compared with competitors;
  • our ability to secure reliable, competitively priced and flexible natural gas transportation and supply, including decisions by natural gas producers to reduce production or shut-in producing natural gas wells and expiration of existing supply, and transportation and storage arrangements that are not replaced with contracts with similar terms and pricing;
  • the mechanical integrity of facilities operated;
  • operational hazards and unforeseen operational interruptions;
  • adverse labor relations;
  • the effectiveness of our strategies to reduce earnings lag, margin protection strategies and risk mitigation strategies, which may be affected by risks beyond our control such as commodity price volatility and counterparty creditworthiness;
  • our ability to generate sufficient cash flows to meet all our liquidity needs;
  • changes in the financial markets during the periods covered by the forward-looking statements, particularly those affecting the availability of capital and our ability to refinance existing debt and fund investments and acquisitions;
  • actions of rating agencies, including the ratings of debt, general corporate ratings and changes in the rating agencies' ratings criteria;
  • changes in inflation and interest rates;
  • our ability to recover the costs of natural gas purchased for our customers;
  • impact of potential impairment charges;
  • volatility and changes in markets for natural gas;
  • possible loss of local distribution company franchises or other adverse effects caused by the actions of municipalities;
  • payment and performance by counterparties and customers as contracted and when due;
  • changes in existing or the addition of new environmental, safety, tax and other laws to which we and our subsidiaries are subject;
  • the uncertainty of estimates, including accruals and costs of environmental remediation;
  • advances in technology;
  • population growth rates and changes in the demographic patterns of the markets we serve;
  • acts of nature and the potential effects of threatened or actual terrorism and war;
  • cyber attacks or breaches of technology systems that could disrupt our operations or result in the loss or exposure of confidential or sensitive customer, employee or company information;
  • the sufficiency of insurance coverage to cover losses;
  • the effects of our strategies to reduce tax payments;
  • the effects of litigation and regulatory investigations, proceedings, including our rate cases, or inquiries and the requirements of our regulators as a result of the Tax Cuts and Jobs Act of 2017;
  • changes in accounting standards;
  • changes in corporate governance standards;
  • discovery of material weaknesses in our internal controls;
  • our ability to comply with all covenants in our indentures and the ONE Gas Credit Agreement, a violation of which, if not cured in a timely manner, could trigger a default of our obligations;
  • our ability to attract and retain talented employees, management and directors;
  • declines in the discount rates on, declines in the market value of the debt and equity securities of, and increases in funding requirements for, our defined benefit plans;
  • the ability to successfully complete merger, acquisition or divestiture plans, regulatory or other limitations imposed as a result of a merger, acquisition or divestiture, and the success of the business following a merger, acquisition or divestiture;
  • the final resolutions or outcomes with respect to our contingent and other corporate liabilities related to the natural gas distribution business and any related actions for indemnification made pursuant to the Separation and Distribution Agreement with ONEOK; and
  • the costs associated with increased regulation and enhanced disclosure and corporate governance requirements pursuant to the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010.

These factors are not necessarily all of the important factors that could cause actual results to differ materially from those expressed in any of our forward-looking statements. Other factors could also have material adverse effects on our future results. These and other risks are described in greater detail in Part 1, Item 1A, Risk Factors, in our Annual Report. All forward- looking statements attributable to us or persons acting on our behalf are expressly qualified in their entirety by these factors. Other than as required under securities laws, we undertake no obligation to update publicly any forward-looking statement whether as a result of new information, subsequent events or change in circumstances, expectations or otherwise.

Analyst Contact:

Brandon Lohse


918-947-7472

Media Contact:

Leah Harper


918-947-7123

SOURCE ONE Gas, Inc.

Related Links

http://www.onegas.com

Read more: ONE Gas Issues 2019 Financial Guidance; Narrows...

WASHINGTON and ALBANY, N.Y., Jan. 15, 2019 /PRNewswire/ -- Today, the Solar Energy Industries Association (SEIA) commended New York Governor Andrew Cuomo for his announcement that the state is doubling the NY Sun solar goal to 6 GW by 2025, extending the state's existing incentive program and launching a new round of large-scale solar awards. Following is a statement from Abigail Ross Hopper, president and CEO of the Solar Energy Industries Association:

"We commend Governor Cuomo for continuing to move New York ahead on solar energy. His plan to double the NY Sun goal and extend the incentive program will provide much needed certainty for the distributed solar market. Furthermore, the announcement of 16 new large-scale solar awards builds on the 22 solar projects selected last spring.

"Together, these groundbreaking investments in solar energy will create thousands of jobs, generate billions of dollars in investment, and bring clean and affordable energy to the residents of New York state.  We look forward to working with the Governor's Office and the Legislature to bring New Yorkers all the benefits that solar has to offer."

About SEIA®:

Celebrating its 45th anniversary in 2019, the Solar Energy Industries Association® is the national trade association of the U.S. solar energy industry, which now employs more than 250,000 Americans. Through advocacy and education, SEIA® is building a strong solar industry to power America. SEIA works with its 1,000 member companies to build jobs and diversity, champion the use of cost-competitive solar in America, remove market barriers and educate the public on the benefits of solar energy. Visit SEIA online at www.seia.org.

SOURCE Solar Energy Industries Association

Related Links

http://www.seia.org

Read more: SEIA Commends NY Gov. Cuomo for Boosting the...

NEW YORK, Jan. 15, 2019 /PRNewswire/ -- Kaplan Fox & Kilsheimer LLP (www.kaplanfox.com) is investigating claims on behalf of investors of GreenSky, Inc. ("GreenSky" or the "Company") (NASDAQ: GSKY).  GreenSky is a financial technology company that runs an online platform for processing loan applications at the point of sale. 

A class action complaint has been filed in the United States District Court for the Southern District of New York on behalf of investors who purchased GreenSky Class A common stock pursuant or traceable to the Company's Initial Public Offering ("IPO") that closed on or about May 29, 2018.  In the IPO, GreenSky sold 43.7 million shares of Class A common stock at $23 per share for gross proceeds of $874 million

According to the complaint, GreenSky has two principal sources of revenue:  (1) "transaction fees" that the Company receives upfront when a consumer secures a loan through the GreenSky platform and makes a purchase; and (2) recurring fees generated from banks over the lives of loans the Company facilitates.  Further, according to the complaint, transaction fees accounted for 87% of the Company's revenue in 2017.  The complaint also alleges that GreenSky typically charges a 14% fee to solar panel merchants compared to its average transaction fee of 7%.

On August 7, 2018, GreenSky announced its financial results for the second quarter ended June 30, 2018.  The press release indicated that the Company's transaction fees as a percentage of its total revenue had declined below the rate achieved in the second quarter of 2017.  According to the complaint, the Company acknowledged during the conference call to discuss its quarterly results that the rapid reduction in the transaction fee rate was attributable to the transition away from solar panel merchants and towards healthcare companies. On August 7, 2018, GreenSky's shares declined $2.32 per share, nearly 11%, to close at $18.91 per share.

Then, on November 6, 2018, in connection with reporting its third quarter financial results, GreenSky lowered its full year 2018 transaction volume guidance from between $5.1 and $5.3 billion to between $4.9 and $5.1 billion.  During the conference call to discuss its quarterly results, GreenSky's CEO and Chairman reportedly stated that "the transaction fee take rate is down about 70 basis points year-over-year, driven by the reduction in solar."  On November 6, 2018, GreenSky's shares declined by $5.38 per share, or 36.7%, to close at $9.28 per share.

The complaint alleges that the offering documents for the Company's IPO touted GreenSky's growth and financial performance while failing to disclose that (i) GreenSky was transitioning away from the solar power market in favor of the elective healthcare market, and (ii) the foreseeable negative effects on GreenSky's profits because of significant differences in transaction fees GreenSky charged to different classes of merchants.

If you are a member of the proposed Class, you may move the court no later than January 28, 2019 to serve as a lead plaintiff for the purported class.  You need not seek to become a lead plaintiff in order to share in any possible recovery.  If you would like to discuss the complaint or our investigation, please contact us by emailing This email address is being protected from spambots. You need JavaScript enabled to view it. or by calling 800-290-1952.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

Kaplan Fox & Kilsheimer LLP, with offices in New York, San Francisco, Los Angeles, Chicago and New Jersey, has many years of experience in prosecuting investor class actions. For more information about Kaplan Fox & Kilsheimer LLP, you may visit our website at www.kaplanfox.com.  If you have any questions about this Notice, the action, your rights, or your interests, please contact:

Jeffrey P. Campisi
KAPLAN FOX & KILSHEIMER LLP
850 Third Avenue, 14th Floor
New York, New York 10022
(800) 290-1952
(212) 687-1980
Fax: (212) 687-7714
E-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.

Laurence D. King
KAPLAN FOX & KILSHEIMER LLP
350 Sansome Street, Suite 400
San Francisco, California  94104
(415) 772-4700
Fax:  (415) 772-4707
E-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.

SOURCE Kaplan Fox & Kilsheimer LLP

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Read more: Investor Alert: Kaplan Fox Announces...

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