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
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
2.55b backlog