Solar and Ethanol stocks come down with the decline in Crude oil price
Solar and Ethanol stocks which have been on an incredible run lately showed some weakness today. However, the weakness could be temporary since they tend to trade with the price of oil.
One stock I am going to keep an eye on is SunTech Power Holding Co., Ltd. (NYSE: STP). I like this stock in the Solar sector and would like to pick some up if the decline continues. The high margins, China market, low cost manufacturing, access to Silicon and being the official supplier for Beijing Olympics are some of the things I like about this stock.
As always, I also have my eye on Pacific Ethanol Inc. (NASDAQ: PEIX), but I wouldn’t touch this stock at this level.
April 28th, 2006 at 10:38 am
I think this our chance to come in for more XTHN.
Just curious if you have any thoughts on Hydrogen/fuel cells?
April 28th, 2006 at 11:29 am
If you do make sure you monitor it. XTHN can go in either direction in a flash. I would recommend trading this instead of holding and forgetting about it. They do know how to market themselves as seen by their press releases.
I have looked into FCEL, PLUG, DESC in the past but not in too much detail. Maybe I need to look into fuel cell companies next. Do you have any take on any fule cell companies?