Another blowout week for Solar Stocks
Solar stocks had another blowout week led by LDK Solar’s (LDK) 25% gain. First Solar (FSLR), Sunpower (SPWR) and Suntech Power (STP), what I consider the first-tier solar companies, all had a gain close to or above 20% for the week.
Also, interesting to note is that First Solar is now the only Solar stock that has a positive gain in 2008. Sunpower (SPWR) and Suntech Power are still about 30% and 40% down in 2008 respectively.
Suntech Power (STP) has gone from about 30 to 50 in the last two weeks with Sunpower (SPWR) going from 60 to 90 in the same time frame. So do they get back to 2007 highs?
I mentioned in my article last week that I missed an opportunity to buy Suntech Power (STP) in the low 30’s but now I even missed the opportunity to buy in the low 40’s.
I think this is the case of ‘a rising tide lifts all boats’. There are solar stocks out there that had no business going up but benefited by the overall solar rally. So what I am planning on doing now is to look at second-tier solar stocks that could be shorted (via PUTS) while staying away from from FSLR, STP and SPWR until I see an opportunity to go long.
What do you all think?
Solar Stocks Weekly and YTD Price Change - Week ending April 04, 2008:
* No holdings in any of the above mentioned stocks.
April 6th, 2008 at 7:05 pm
i think that sounds great, i was trading solf for a while it is a interesting stock with its earnings reports
April 7th, 2008 at 5:47 am
Do you think the slowing economy will hurt even the tier one solar companies in the near term? I’d think you could find a better entry point on a pull back.
April 8th, 2008 at 8:09 pm
From a long term view, I think the solar energy stock will grow. Just few days ago, LDK signed a big solar product contract with an Indian company.
April 15th, 2008 at 9:15 pm
I notice your review did not talk about DSTI–for good reason!
http://industry.bnet.com/energy/2008/04/15/daystar-latest-thin-film-player-to-hit-roadblocks/
April 16th, 2008 at 7:51 pm
I’m new to the solar arena, but have been reading a bunch on materials online. One interesting article was talking about the future of energy and energy infrastructure. I’m just starting to ‘green’ up my portfilio, so I’m trying to get a handle on the market. I can’t tell between first and second tier solar companies, but the other article I read had a bunch to say - http://fisher-investments.typepad.com.
April 25th, 2008 at 6:50 am
If you are interested in the status of solar energy investing, you should hear from the source. First Solar, LDK Solar, Applied Materials Inc., SunPower, SEIA, Good Energies, Acciona, BrightSource, and Abengoa are just a few of the companies whose executives will be presenting at the Renewable Energy Finance Forum-Wall Street (http://www.reffwallstreet.com), held June 18-19 in NYC. This executive-level event showcases the most successful players and brings together an exclusive crowd. Last year, over 40% of attendees were CEOs, CFOs, or Managing Directors. If you’re a leader in the field, this is the definitive event for you.