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
- Cashing in on Ethanol: Two more Ethanol firms to IPO
- Analysts talk up First Solar Inc. - Time to short?
- Solar Energy Stocks Weekly Report - Week ending February 02, 2007
- Solar Stocks Weekly Report - Week ending January 19, 2007
- Solar Stock Week-over-Week Price change vis-a-vis Oil Price - Week Ending November 12, 2006
January 29th, 2007 at 5:52 am
I must agree with you about Suntech and the other chinese IPO’s of recent date. There is a glut coming to the entire solar market as evidenced by increased availability, shorter lead times and lower prices.
I think the stocks to watch are overpriced western stocks who will begin to feel the pinch shortly. The commodity players will be scrambling to protect market share. The ones to invest and hold long term are either the Intels of the solar world (Solarworld, Suntech) or the Apples of the solar world (the ones who have a distinction strategy). I won’t pump my own company on your blog, yet obviously I feel we should be counted as one who is in the area best protected in the coming swings.
Regards
Sass Peress
CEO
ICP Solar
January 29th, 2007 at 6:19 pm
Thanks for taking the time to leave a comment. Its good to get insight from someone in the solar industry. I will have to check out your company a little closely.