Solar Stocks Weekly Report – Week ending January 26, 2007
Key highlights:
- Crude Oil up big during the week.
- Recently IPO’d Chinese Solar stocks, Trina Solar (NYSE: TSL) and Solarfun Power (Nasdaq: SOLF) broke out to new highs on no real news.
- MEMC Electronics (NYSE: WFR) announced awesome 4Q numbers and raised its 1Q outlook as well. The stock went up almost 20% on Friday to close at $52.21. You can read more about MEMC Electornics here. I also started a small short position on friday in WFR. MEMC Electronics is just minting money because of the Polysilicon shortage which I am thinking won’t last into 2008.
- Suntech Power (NYSE: STP) didn’t have much going on this week except a small contract to provide 800KW Building Integrated Photovoltaic (BIPV) curtain wall to the Wuxi Airport terminal. I did, however, had to go through five Motley Fools articles (mentioning STP) in the last 10 days of which only one had anything to do with SunTech Power.
- Sunpower (Nasdaq: SPWR) reported its 4Q numbers which looked pretty good.
- Revenue: $74.5 million – 154% YoY
- Net Income: $11.3 million
- Revenue for the year 2006 was $236.5 million, a three-fold increase from 2005 revenue of $78.7 million
* Long STP and ESLR and Short FSLR and WFR
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