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Solar Stocks

With oil prices not budging below $130, alternative energy - especially Solar stocks are hot again. I recommended these stocks in my previous blog entry "Solar Stocks Hot Again?"

After that blog, most of the solar companies reported results and all of them have shown tremendous growth in latest quarter. There were some headwinds like German tax credit changes, polysilicon supply and price issues and US senate not able to pass alternative energy tax credits. However the momentum to these stocks is such that these are marching upwards despite these headwinds.

For example, CSIQ (which is part of model portfolio 2008 and recommended in Jan 08) , ENER, SOLF are all up significantly. I am still bullish on Evergreen Solar (ESLR) which announced another $600 M contract bringing its order backlog to $1.7B to be completed by 2012 and hence up by more than 10% in AH trading

Many of these stocks still have 50% upside from their current prices. Look for some pullback before making an entry

Goo luck and Good night!

/Shyam

Comments

Anonymous said…
their backlog of 1.7 billion accounts for 65% of expanded plant capacity through 2013! That doesen't even count the 850 million backlog through their JV with EverQ

2.55b backlog
10:42 PM
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