Expecting Strong Earnings Upside from First Solar and Solarfun Power

Many things happening now are boosting the outlook for solar stocks in the energy industry. High oil pricing due to strong demand worldwide also places solar as the front-runner among renewable energies. US presidential candidates Barack Obama and John Mccain's strongly support solar and wind energy, making this sector very attractive for investment no matter who wins. There are two companies in this sector investors should expect strong earnings from for this quarter: First Solar (FSLR) and Solarfun Power Holdings (SOLF). 

First Solar is the leader in this sector. The company reported 1st quarter 2008 earnings of $.57 per share on 4/30/08. This beat the consensus of $0.482 by $0.088 (there were 24 analysts covering this company). The consensus of the 28 analysts covering FSLR for the 2nd quarter 2008 is a per share value of $.58 (source: Etrade). Investors should e