President-elect Barack Obama has often repeated his stance on alternative energy. He plans to spend $150 billion over 10 years on alternative energy, not only as part of his energy independence plan, but also in order to help clean the environment, and perhaps most important of all, to create 5 million new jobs.
With Obama winning in the polls, it is no wonder that on Tuesday solar stock prices soared: SunPower Corporation (NASDAQ: SPWRA) finished the day up 14.6%, Suntech Power (NYSE...
So...I wrote about a break in the correlation between oil and solar stocks the day before oil takes a major tumble that crushes solar stocks at the same time. The one-day massive move on September 2 did not re-establish a correlation, but it was jarring nonetheless. All sorts of stops and targets triggered, and I am still trying to sort out the meaning of the action and make plans for the next month or so. At times like these, I find writing to be a great organizing and clarifying tool. I will focus here on explaining my short-term positioning in various solar stocks since I did not do so t
With oil prices sky high, it only seems appropriate to look to the sky for an energy solution. If you are not in an office all day as I am, your gaze towards the heavens provides you an often times blinding solution... the sun (don't try the exercise at night, it won't work). No longer a creation of overactive sci-fi minds, solar power is quickly emerging as a valuable alternative to more traditional, and limited, resources. While more people are beginning to recognize and appreciate the value of alternative energy of the solar sort, it can become difficult to determine which companies i
"Oil is setting the stage for a big rally in alternative energy," says Eric Roseman, resources expert and editor of Commodity Trend Alert. Here's a look at two stocks poised to benefit from this trend.
"A surging oil price is extremely bullish for alternative energy. Over the last 12 months, as oil prices have doubled, uranium and solar energy stocks have crashed.
"These sectors have declined because sub-prime has taken everything to the basement until recently - not because
As the market rebounds, investors continue to reward the large cap growth leaders, and alternative energy led by solar has been one of the prime beneficiaries.<!--more--> The need for alternative energy continues to be a main focus for all governments as oil continues it's climb to over $110 a barrel. Solar stocks are getting the most headlines because they are farther along the commercialization continuum and they are more prevalent than their wind and alternative fuel counterparts.
Any discussion about solar companies must start with First Solar (FSLR). Clearly, the leader in the sector
Portugal is doing its part to invest in renewable energy with the
dedication of a new 11-megawatt [MW] solar plant. The plant, which is
located in Serpa, is one of the largest solar arrays in the world and
can supply enough electricity for 8,000 households. This farm was
created by a Swiss subsidiary of SunPower Corporation (SPWR),
PowerLight Systems S.A. SPWR recently announced they would build
another solar electric power plant in Llerena, Spain. The generating
capacity of this new photovoltaic system is expected to be
approximately 4.8 megawatts [MW] of peak power.
"Suntech Power Holdings (NYSE: STP), one of our long-time favorites, is now back on our buy list after being driven down in price by U.S. market volatility and the fallout from a recent earnings report," notes Jim Trippon.
The editor of The China Stock Digest explains, The company is world leader in the manufacture of photovoltaic solar cells and solar electric systems. And, it is developing a new technology to increase solar efficiency." Here is his review.
3/24 - "Cowen & Co is out with a positive call on solar stocks, saying most of the U.S. solar names look undervalued relative to growth and earnings, in their view, reflecting four areas of investor concern: uncertainty about the next phase of subsidies in Spain, Germany and the U.S.; and the tension between silicon supply/cost and module ASP/demand. Each of these is likely to be clarified in the next two to six months, underpinning a group rally. Firm reiterates Outperform on ENER, ESLR, FSLR, HOKU, SPWR, STP, and TSL."
"Notablecalls: As you can remember, SunTech (NYSE:STP) has been Cowen...
Via Notable Calls - 3/12:
"Cowen is out with a good call on Suntech (NYSE:STP) saying that trading around 12x 2009E EPS, they believe STP shares offer 50%+ upside vs. the market in 12 months. Investors may be puzzled by the timing of the convert offering, given current market conditions and the low share price. However, this is driven by the lead time to add polysilicon capacity, and it should give STP access to long-term, low-cost supply. While the deal is slightly dilutive this year, it could be offset by higher revenue in 2009. And, details of poly supply deals should provide triggers f...
3/10 - "Citigroup...expects that reelection of the Socialist Party will result in more favorable solar tariff policies post the current policy's expiration on 30 September 2008...Sees Suntech (NYSE:STP) and Yingli (NYSE:YGE) as main beneficiaries due to their exposure to Spanish mkt."
"Piper Jaffray notes a very damaging article (and pictures) appeared in the Washington Post on Sunday March 9 which highlighted one of the problems with poorly designed Chinese poly plants. Some plants in China, like Luoyang Zhonggui (a supplier to STP, LDK and CSIQ) cannot recycle the byproducts back into th...
China must clean up it's environmental mess. China is also a leader in solar energy and they know they have to be. I think Chinese solar companies have a long way to go up.
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About Suntech Power Holdings Co Ltd
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President-elect Barack Obama has often repeated his stance on alternative energy. He 
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