North Coast Solar Stocks

November 16, 2009

Solar Leaders One Year Later

Filed under: CSIQ, ENER, FSLR, HOKU, SPWR, STP — Tags: , — Jason @ 11:02 am

From our entry November 13, 2008 in Time to start re-entering the leaders.

Company Entry Last $ G / L % G / L
CSIQ – Canadian Solar Inc. $    5.50 $   19.48 $   13.98 254%
ENER – Energy Conversion Devices, Inc. $   25.00 $   11.11 $  (13.89) -56%
FSLR – First Solar Inc. $ 110.00 $ 123.03 $   13.03 12%
HOKU – Hoku Scientific Inc. $    4.00 $    2.42 $   (1.58) -40%
SPWRA – SunPower Corp. $   25.00 $   27.09 $    2.09 8%
STP – Suntech Power Holdings Co. Ltd. $   10.00 $   15.26 $    5.26 53%
Average Gain 39%

October 26, 2009

Solar Stocks Ready For A Big Move

Filed under: ENER, FSLR, SPWR, TAN, YGE — Tags: , , , , — Jason @ 4:19 pm

Posted: Oct 26, 2009 16:19 PM by Joey Fundora

The solar stocks continue to be one of the more volatile groups in the markets. Traders often fear high levels of volatility, but if these are properly planned for, volatile stocks can offer outstanding trading opportunities. The solar stocks have been in a large range over the past year, and many of these stocks actually set their lows in November rather than March. This group has often been cited by the current administration as a focal point in helping to reduce the U.S. dependence on oil-rich countries, and while it has threatened to fall apart several times, it has continually found a floor.

This group is once again under pressure as a poor earnings report from SunPower Corporation (SPWRA, SPWRB) kicked off this earnings season, as the markets reacted poorly to the company’s guidance number. While this stock individually came under pressure, as a group there wasn’t major technical damage done. In looking at the Claymore/MAV Global Solar Energy Index ETF (TAN), which can be used as a proxy for the sector, you can see that TAN held up last week, despite the weak report by SPWRA. In looking at the chart, there is an interesting pattern developing. Overall, TAN remains in a trading range, but it was able to clear a descending wedge in September, and is currently trading in a small symmetrical triangle. Both of these patterns are simply consolidation patterns, but with TAN clearing the first to the upside, it may hint at a break to the upside from the second pattern as well. The descending trendline touching the last two price highs should be watched as a level of importance.

Source: StockCharts.com

The largest component in TAN is First Solar, Inc. (FSLR). With FSLR reporting on Wednesday, it could be the catalyst for a move in either direction for the group. The company’s last earnings report was met with steep selling, as FSLR pulled back from $176.05 to $112.09 in a few weeks’ time. FSLR did stabilize, and rallied back to a declining trendline, marking the tops of prior rally attempts. It recently cleared this trendline, and it continues to trade in a tighter consolidation leading into the earnings report. More than likely, FSLR will have a large move this week, but with earnings coming out, which direction it’s headed is anyone’s guess. However, this stock will likely impact the entire sector, so it is worth watching to help gauge the direction for the next quarter.

Source: StockCharts.com

Energy Conversion Devices, Inc. (ENER) is another solar that has been showing weakness for a few months, but recently cleared a declining trendline that halted recent rally attempts. It just cleared this area, and has been experiencing an uptick in volume. Earnings are not due until November, so this is a stock that could benefit from a positive FSLR report. A move above $13.62 could signal a test of $14.21 and possibly a test of the 200-day moving average near $16.

Source: StockCharts.com

Another stock worth watching is Yingli Green Energy (YGE). This stock has shown relative strength compared to its peers, and has been in a consolidation pattern for a few months. It’s currently looking a little weak, and is resting on its 50-day moving average, but if it can get back over $13.85 it could be ready for a test of the June high near $16.35.

Source: StockCharts.com

Bottom Line
The solar stocks could really go in either direction at this point, but they are worth watching with FSLR reporting this week. They often set the trend for this group, and there could be some great trading opportunities setting up. The levels noted in the charts above are starting points for watching the action objectively. Regardless of the headline news or numbers, the important thing to watch is what the stock price does moving forward. If any of these stocks starts to climb above key levels, there is a good chance they can experience a sharp rally. If they start to lose these levels, the opposite would hold true. With volatile groups like these, it’s worth watching regardless of which direction the move goes.

July 21, 2009

Adding back a few more for the China subsidy play

Filed under: CSUN, JASO, SOL, YGE — Tags: , — Jason @ 9:00 am

CSUN – China Sunergy Co. Ltd. $4.32

JASO – JA Solar Holdings, Co., Ltd. $4.56

SOL – ReneSola Ltd. $5.36

YGE – Yingli Green Energy Holding Co. Ltd. $11.40

July 17, 2009

Dark Days for the Solar Industry

Filed under: FSLR, SPWR, STP, WFR, YGE — Tags: , , , , , , — Jason @ 6:00 am

By Stephen Simko | 07-17-09 | 06:00 AM

After years of breakneck growth, dynamics within the solar industry have rapidly changed. Recently, the demand for solar power has been hurt significantly by both tighter lending to project investors and the introduction of a 500-megawatt cap on Spain’s solar subsidy program (the world’s largest last year) that will shrink the Spanish market by at least 80% in 2009. Although the United States and China offer very attractive long-term stories, both markets remain relatively undeveloped, and it is likely newly announced incentives/subsidies will not materially increase installations until 2010. As a result, we expect growth in global solar installations to decrease for the first time this decade in 2009 (see Chart 1) because there simply is no market than can replace the 2-gigawatt (33% of the 2008 global total) reduction in demand from Spain.

The downturn in demand highlights another serious issue that was clearly emerging last year: The industry presently has far too much supply. During the solar boom of the last few years, demand consistently outstripped supply, and essentially every solar panel produced was sold. Solar companies could increase sales as quickly as they could expand production, all the while at very profitable levels. Not surprisingly, new entrants flooded in, and existing companies expanded rapidly, with the whole industry planning as if high double-digit growth were set to continue indefinitely.

Chart 1

Chart 1

Given the cap in Spain and the lack of financing for new solar projects, such growth is far from the case. For the first time in years, supply exceeds demand in the solar industry. There is evidence of this along the entire solar supply chain–from raw materials (such as silicon and related materials) to solar panels–and selling prices have collapsed during the last nine months at all points. MEMC Electronic Materials (WFR), a major producer of silicon, is a prime example of a company enduring the havoc that falling average selling prices (ASPs) are wreaking on the solar supply chain: First-quarter sales declined by 50% sequentially, and as a result, operating margins fell from 39% to negative 12%. The travails of silicon producers are not translating into high profits for solar companies further downstream. The ASPs of cell and module makers have fallen anywhere from 20% to 60% during the last nine months because lower raw-material costs are being passed through to try to reignite stagnant end-project demand.

In our opinion, oversupply will last at least a few quarters before a return to any sort of normalcy in the solar industry. Despite many marginal and smaller companies exiting the industry, supply clearly still exceeds demand. Inventory levels have risen significantly within the industry, which we view as a red flag. This week, Q-Cells, Europe’s biggest solar cell company, preannounced that sales will be down 40% sequentially in the second quarter and that inventory levels have risen further from already-inflated levels. We are skeptical industry inventories can return to healthy levels without further double-digit reductions in selling prices. Consequently, we expect industry profitability to remain far below previous levels even as shipments begin to revive this summer.

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November 13, 2008

Time to start re-entering the leaders

Filed under: CSIQ, ENER, FSLR, HOKU, SPWR, STP — Tags: , — Jason @ 6:16 pm

CSIQ – Canadian Solar Inc. $5.50

ENER – Energy Conversion Devices, Inc. $25.00

FSLR – First Solar Inc. $110.00

HOKU – Hoku Scientific Inc. $4.00

SPWRA – SunPower Corp. $25.00

STP – Suntech Power Holdings Co. Ltd. $10.00

October 10, 2008

Final Position Stops Out (portfolio beats S&P 500 by over 35%)

Filed under: AKNS, AMAT, ASTI, CSIQ, CSUN, DSTI, EMKR, ENER, ENSL, ESLR, FSLR, HOKU, ICPR, JASO, LDK, RSOL, SOL, SOLF, SPIR, SPWR, STP, TSL, WFR, YGE — Tags: , , — Jason @ 4:20 pm

We’re not done here by any means.  Just protecting capital.  For those who took profits earlier, you are in great shape.  For the long term holders, book your losses and prepare for a re-entry once the wash sales are clear.

The fundamentals here are still strong in most cases and the growth going forward is outstanding.  We will follow the strength when we buy back in.  What we’ve seen so far is only the beginning.

Symbol Company Name Entry Date Entry Price Exit Date Exit Price P/L $ Days P/L %
AKNS AKNS – Akeena Solar, Inc. 6/13/2007 $     3.62 9/9/2008 $     3.50 $   (0.12) 454 -3%
AMAT AMAT – Applied Materials, Inc. 6/13/2007 $    18.94 9/17/2008 $    16.00 $   (2.64) 462 -14%
ASTI ASTI – Ascent Solar Technologies, Inc. 6/13/2007 $     7.30 9/8/2008 $     7.00 $   (0.30) 453 -4%
CSIQ CSIQ – Canadian Solar Inc. 6/13/2007 $     9.71 10/3/2008 $    16.00 $    6.29 478 65%
CSUN CSUN – China Sunergy Co. Ltd. 6/13/2007 $    11.02 8/6/2007 $     8.00 $   (3.02) 54 -27%
DSTI DSTI – DayStar Technologies, Inc. 6/13/2007 $     5.13 7/25/2008 $     3.00 $   (2.13) 408 -42%
EMKR EMKR – EMCORE Corp. 1/18/2008 $    10.49 3/18/2008 $     7.00 $   (3.49) 60 -33%
ENER ENER – Energy Conversion Devices, Inc. 6/13/2007 $    30.30 10/10/2008 $    30.00 $   (0.30) 485 -1%
ESLR ESLR – Evergreen Solar, Inc. 6/13/2007 $     8.82 9/9/2008 $     7.00 $   (1.82) 454 -21%
FSLR FSLR – First Solar Inc. 6/13/2007 $    73.75 10/3/2008 $  160.00 $  86.25 478 117%
HOKU HOKU – Hoku Scientific Inc. 6/13/2007 $     4.50 10/9/2008 $     4.00 $   (0.50) 484 -11%
ICPR ICPR – ICP Solar Technologies, Inc. 6/13/2007 $     3.05 12/28/2007 $     1.00 $   (2.05) 198 -67%
JASO JASO – JA Solar Holdings, Co., Ltd. 6/13/2007 $     8.34 9/10/2008 $    12.00 $    3.66 455 44%
LDK LDK – LDK Solar Co., Ltd. 6/13/2007 $    23.43 10/6/2008 $    25.00 $    1.57 481 7%
RSOL RSOL – Real Goods Solar, Inc. 7/8/2008 $     6.00 9/9/2008 $     5.50 $   (0.76) 63 -13%
SOL SOL – ReneSola Ltd. 7/10/2008 $    13.45 9/11/2008 $    12.00 $   (1.45) 63 -11%
SOLF SOLF – Solarfun Power Holdings Co., Ltd. 6/13/2007 $     8.46 9/29/2008 $    10.00 $    1.54 474 18%
SPIR SPIR – Spire Corp. 9/13/2007 $    10.00 7/14/2008 $    10.00 $       – 305 0%
SPWR SPWR – SunPower Corp. 6/13/2007 $    53.75 10/8/2008 $    50.00 $   (3.75) 483 -7%
STP STP – Suntech Power Holdings Co. Ltd. 6/13/2007 $    32.00 10/2/2008 $    30.00 $   (2.00) 477 -6%
TSL TSL – Trina Solar Ltd. 6/13/2007 $    39.94 9/9/2008 $    25.00 $ (14.94) 454 -37%
WFR WFR – MEMC Electronic Materials 6/13/2007 $    57.28 7/10/2008 $    50.00 $   (7.28) 393 -13%
WWAT WWAT – WorldWater & Solar Technologies 3/19/2008 $     1.00 6/2/2008 $     0.70 $   (0.30) 75 -30%
YGE YGE – Yingli Green Energy Holding Co. Ltd. 11/29/2007 $    27.26 2/20/2008 $    18.00 $   (9.26) 83 -34%
Average $    1.80 345 -5%

September 2, 2008

The Light Shines on Solar-Energy Stocks

Filed under: ESLR, LDK, SPWR — Tags: , , , — Jason @ 3:56 pm

By MICHAEL KAHN
barrons.com

Despite an energy sell-off, stocks in this alternative-energy niche are firming up quite nicely.

ON A DAY WHEN OIL PRICES plummeted and energy stocks of every ilk tumbled, it seems beyond contrarian to write about positive prospects in solar-energy shares. But when we look at price performance versus the broad market and even versus oil and gas stocks, we see an industry group that should be considered.

To be sure, solar energy stocks took a beating at the open Tuesday and several in this small group have damaged chart patterns. Considering that companies here are still new on the scene this should not be a surprise. But for every stock with a bad chart we can find one with a good one and that means opportunity once the energy markets stabilize a bit.

Solar energy companies develop and market products that turn sunlight into electric power. In an environment when oil prices today are still 14% higher than where when the year started and nearly double where they were at the start of 2007, the recent decline in energy prices must be put into context. Alternative energy remains a hot topic.

Indeed, money has been made in this industry and a ranking analysis run on High Growth Stock Investor software puts solar energy stocks in the top decile of all stocks in terms of earnings growth. Taking the strongest of these stocks and putting them to the technical test turns up a nice list of candidates to consider.

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August 21, 2008

Solar ETFs Warm Up As Oil Prices Recover

Filed under: GEX, KWT, LDK, PBW, PUW, QCLN, SPWR, STP, TAN — Tags: , , , , , — Jason @ 6:28 pm

Thursday August 21, 6:28 pm ET
Trang Ho

Solar energy ETFs heated up this week as companies beat Wall Street earnings estimates, and oil prices climbed higher.

So far this week, Claymore/MAC Global Solar Index (TAN) rose 6.7% to 25.73. But it hangs 16% below its high.

Market Vectors Solar Energy (KWT) rose 7.3% to 39.31 and trades 13% below its high. They both cleared their 10-week averages for the first time in two months. They debuted in April with similar holdings and since have formed similar chart patterns. The former owns a slightly higher Relative Strength Rating of 60 vs. 54 for the latter.

Market Vectors-Global Alternative Energy (GEX) has the highest RS Rating among alternative energy ETFs. It rose 6.1% this week to 52.01 and cleared both its 50-day and 200-day moving averages.

First Trust Nasdaq Clean Edge U.S. (QCLN), PowerShares WilderHill Progressive Energy (PUW) and PowerShares WilderHill Clean Energy (PBW) are trading far below their long-term averages and so their charts still look bearish. They’ve trended in a sideways range since the beginning of July.

Strong Global Demand

Suntech Power (STP), a major holding in all of these except the WilderHill ETF, blasted 19% in two days to 44.70 in heavy volume. The Chinese solar cell maker increased earnings 41% from the year-ago period to 41 cents a share, 28% above estimates. Sales jumped 51% to $480 million. Earnings popped 48% to 75% the three prior quarters. Sales leaped 76% to 137% over those periods.

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July 10, 2008

ReneSola Entry

Filed under: SOL — Tags: , — Jason @ 4:20 pm

SOL – ReneSola Ltd.

Entry Price $13.45  7/10/08

Stop Loss $12.00 Hit 9/11/08

Loss of $1.45 or 10.8%

July 8, 2008

Real Goods Solar Entry

Filed under: RSOL — Tags: , — Jason @ 4:20 pm

RSOL – Real Goods Solar, Inc.

Entry Price $6.00 7/8/08

Stop Loss $5.50 Hit 9/9/08

Loss of $0.76 or 12.7%

July 2, 2008

Stop Loss Limits Moved Higher

Filed under: AKNS, AMAT, ASTI, CSIQ, CSUN, DSTI, EMKR, ENER, ENSL, ESLR, FSLR, HOKU, ICPR, JASO, LDK, SOLF, SPIR, SPWR, STP, TSL, WFR, YGE — Tags: , , , — Jason @ 9:20 am

We won’t let a horrible market sink this great portfolio. Stay with strength as the industry sorts itself out.

Symbol Company Name Entry Date Entry Price Stop Loss Last Price P/L $ Days P/L %
AKNS AKNS – Akeena Solar, Inc. 6/13/2007 $     3.62 $    3.50 $     5.23 $    1.61 385 44%
AMAT AMAT – Applied Materials, Inc. 6/13/2007 $    18.94 $   16.00 $    19.28 $    0.34 385 2%
ASTI ASTI – Ascent Solar Technologies, Inc. 6/13/2007 $     7.30 $    7.00 $     9.98 $    2.68 385 37%
CSIQ CSIQ – Canadian Solar Inc. 6/13/2007 $     9.71 $   16.00 $    36.36 $  26.65 385 274%
CSUN CSUN – China Sunergy Co. Ltd. 6/13/2007 $    11.02 $    8.00 $     7.64 $   (3.02) 385 -27%
DSTI DSTI – DayStar Technologies, Inc. 6/13/2007 $     5.13 $    3.00 $     4.29 $   (0.84) 385 -16%
EMKR EMKR – EMCORE Corp. 1/18/2008 $    10.49 $    7.00 $     5.58 $   (3.49) 166 -33%
ENER ENER – Energy Conversion Devices, Inc. 6/13/2007 $    30.30 $   30.00 $    68.20 $  37.90 385 125%
ESLR ESLR – Evergreen Solar, Inc. 6/13/2007 $     8.82 $    7.00 $     9.47 $    0.65 385 7%
FSLR FSLR – First Solar Inc. 6/13/2007 $    73.75 $ 160.00 $  270.68 $ 196.93 385 267%
HOKU HOKU – Hoku Scientific Inc. 6/13/2007 $     4.50 $    4.00 $     4.75 $    0.25 385 6%
ICPR ICPR – ICP Solar Technologies, Inc. 6/13/2007 $     3.05 $    1.00 $     0.60 $   (2.05) 385 -67%
JASO JASO – JA Solar Holdings, Co., Ltd. 6/13/2007 $     8.34 $   12.00 $    15.79 $    7.45 385 89%
LDK LDK – LDK Solar Co., Ltd. 6/13/2007 $    23.43 $   25.00 $    34.99 $  11.56 385 49%
SOLF SOLF – Solarfun Power Holdings Co., Ltd. 6/13/2007 $     8.46 $   10.00 $    16.14 $    7.68 385 91%
SPIR SPIR – Spire Corp. 9/13/2007 $    10.00 $   10.00 $    12.14 $    2.14 293 21%
SPWR SPWR – SunPower Corp. 6/13/2007 $    53.75 $   50.00 $    66.65 $  12.90 385 24%
STP STP – Suntech Power Holdings Co. Ltd. 6/13/2007 $    32.00 $   30.00 $    34.41 $    2.41 385 8%
TSL TSL – Trina Solar Ltd. 6/13/2007 $    39.94 $   25.00 $    29.28 $ (10.66) 385 -27%
WFR WFR – MEMC Electronic Materials 6/13/2007 $    57.28 $   50.00 $    59.64 $    2.36 385 4%
WWAT WWAT – WorldWater & Solar Technologies 3/19/2008 $     1.00 $    0.70 $     0.67 $   (0.30) 105 -30%
YGE YGE – Yingli Green Energy Holding Co. Ltd. 11/29/2007 $    27.26 $   18.00 $    14.92 $   (9.26) 216 -34%
Average $  12.90 350 37%

May 16, 2008

Great Week for Gains on Strong Earnings Reports

Filed under: AKNS, AMAT, ASTI, CSIQ, CSUN, DSTI, EMKR, ENER, ENSL, ESLR, FSLR, HOKU, ICPR, JASO, LDK, SOL, SOLF, SPIR, SPWR, STP, TSL, WFR, YGE — Tags: , , , — Jason @ 6:00 pm

Six Stocks Trade Up Over 30% For the Week Alone

Stockcharts.com Market Carpet

May 14, 2008

Solar Energy Outshines Rest Of ETF Universe

Filed under: FSLR, JASO, KWT, SOL, STP, TAN, YGE — Tags: , , , , , — Jason @ 6:22 pm

Wednesday May 14, 6:22 pm ET
Trang Ho

An upside earnings surprise from ReneSola (SOL) fueled a sharp rally in solar energy stocks that started Tuesday.Market Vectors Solar Energy (KWT) and Claymore/MAC Global Solar Energy Index (TAN) both gapped up 6%, giving them the best gains among U.S. ETFs.

But neither holds ReneSola, the China-based solar wafer maker.

The 27-stock Market Vectors ETF tracks the Ardour Solar Energy Index, created by Ardour Capital Investments. The 25-stock Claymore ETF tracks the MAC Global Energy Index, created by Melvin & Co., a research firm specializing in clean energy. Both ETFs launched in April with an expense ratio of 0.65%. They have overlapping holdings and use a modified cap-weighting system. So the primary difference is how much of each stock they own.

Ardour Vs. MAC Index

Top holdings in Market Vectors, Arizona-based First Solar (FSLR), Norway-based Renewable Energy, and SolarWorld and Q Cells, both from Germany, are each weighted at 10% of assets. Chinese solar firms, JA Solar (JASO), Suntech Power (STP), Yingli Green Energy (YGE), each have 5%.

In the MAC index, the largest holding, First Solar, takes up 9% of assets, followed by Renewable Energy 7.6%, Q-Cells 6.6%, Suntech 6% and SolarWorld 5.4%. JA Solar and Yingli are both weighted about 5%.

The top countries in both funds are China, Germany and the U.S., followed by Norway.

First Solar made a new high Wednesday after breaking out of a four-month cup base. It appears to have formed a high handle with a new buy point 20 308.34.

Citi Investment Research initiated coverage last week saying First Solar is one of the few companies that will weather a sharp decline in prices. Earnings vaulted 275% to a whopping 717% the past four quarters. Sales exploded 177% to 290% over those periods. It has beat analysts’ views the past six quarters.

(more…)

March 19, 2008

Worldwater and Solar Entry

Filed under: ENSL — Tags: , — Jason @ 12:00 am

WWAT – WorldWater & Solar Technologies

Entry Price $1.00 3/19/08

Stop Loss $0.70 Hit 6/2/08

Loss of $0.30 or 30%

January 18, 2008

Emcore Corp. Entry

Filed under: EMKR — Tags: , — Jason @ 12:00 am

EMKR – EMCORE Corp.

Entry Price $10.49  1/18/08

Stop Loss $7.00  Hit 3/18/08

Loss of $3.49 or 33%

November 29, 2007

Yingli Green Energy Entry

Filed under: YGE — Tags: , — Jason @ 12:00 am

YGE – Yingli Green Energy Holding Co. Ltd.

Entry Price $27.26  11/29/07

Stop Loss $18.00  Hit 2/20/08

Loss of $9.26 or 34%

September 13, 2007

Spire Corp Entry

Filed under: SPIR — Tags: , — Jason @ 12:00 am

SPIR – Spire Corp.

Entry Price $10.00 9/13/07

Original Stop Loss $8.00

Adjusted Stop Loss $10.00 Hit 7/14/08

Out at Even.

August 13, 2007

The Sun Shines Brightly On Clean, Green ETF

Filed under: EMKR, PBW, SPWR, TSL — Tags: , , , , — Jason @ 7:00 pm

Monday August 13, 7:00 pm ET
Joanne Von Alroth

It can be easy being green — if you look in the right place. For investors with a piece of PowerShares WilderHill Clean Energy Fund PBW, in fact, it’s a breeze. The small-cap growth exchange traded fund tracks the performance of the WilderHill Clean Energy Index, which focuses on clean and renewable energy providers. Founded by former environmental technology researcher Robert Wilder, the two-year-old fund holds 43 stocks with an average market cap of $1.2 billion. It’s the largest of its kind. While it has been a volatile performer over the past year because of its tight focus, it was the best performing ETF last week. The fund’s year-to-date return, as of Monday, was slightly more than 22%.

Outperformer

The fund’s IBD Relative Strength Rating has jumped from 55 in April to 86 as of Monday. This is in spite of the fund’s earnings per share falling 14% this year, from $22.38 in 2006 to $19.29 in 2007. So what’s with the strong performance? The top-10 holdings have taken a slight hit the past couple of days along with the rest of the market.

But analysts note there’s an ever-increasing demand for alternative energy, especially with traditional fuel source prices so high. To a company, every one of this ETF’s top holdings has helped keep a strong wind in this fund’s sails.

Take one of its largest holdings, American Superconductor. The company makes products that improve the cost, efficiency and reliability of electric power systems used in wind farms and ship propulsion. It has posted negative earnings for years, but the company’s burly 99 RS reflects recent new highs and management’s announcement that revenue will increase this year. Another top holding, Emcore, last week announced a record-breaking conversion efficiency for its multi-junction solar cells. Emcore officials also said they are increasing solar-cell production capacity to meet growing demand. The news pushed the stock to new highs as it surged off the 10-week line.

Solar Company

SunPower is another of the fund’s strong performers. Its stock reached an all-time high Thursday after the company announced it raised $167.4 million with an equity offering to fund growth and pre-payments for a new silicon deal.

In June, the San Jose, Calif.-based maker of high-performance solar electric technology signed a 10-year silicon supply agreement with Hemlock Semiconductor, with deliveries beginning in 2010. SunPower’s earnings growth has remained in triple digits for the past three quarters. The company has a 98 RS.

Chinese manufacturer of solar modules Trina Solar, another top holding, has been shining. The firm is expanding quickly, trying to make its solar modules more effective. Though earnings have slowed, it’s seen an increase in revenue despite high raw materials prices.

July 10, 2007

Three ‘Green’ Energy Stocks to Power Your Portfolio

Filed under: SPWR, WFR — Tags: , , — Jason @ 9:10 am

John Hughes and Scott Maragioglio
07/10/07 – 09:10 AM EDT

The “green” movement is gaining momentum lately, and it’s becoming more of a mainstream concept and concern for consumers. For investors like us, social trends, such as the green movement, can be great investment themes to ride as nimble companies cash in on the shift in spending patterns.

The definition of which companies are “green” depends on who you talk to, but we’ll play it safe and talk about companies that are addressing environmental and energy issues. The increased pressure for pollution control and clean-energy technologies is creating a new category of growth companies that are delivering the products for alternative-energy solutions, pollution control and conservation technologies.

As the price of oil moves north of $70 once again, the interest in alternative energy is gaining momentum. Solar energy is one subsector in the alternative-energy group that is gaining upside strength, and there are several names that look either poised to break out or are trending strongly.

SunPower
Click here for larger image.

The first name in the sector to take a look at is SunPower. SunPower manufactures commercial and residential solar power systems. The company has been able to gain some earnings traction, and the stock is reflecting this strength.

SPWR has rallied sharply since the last pullback, but the stock is trending strongly, and we would look to buy on any pullback toward the $60 area.

MEMC Electronics
Click here for larger image.

A related play on the solar sector is MEMC Electronics. MEMC manufactures the raw silicon wafers that are used to make photoelectric cells, as well as semiconductors. WFR has traditionally been seen as a semiconductor play, but the strength of the solar sector has given the company a new growth dimension.

MEMC is in a good position to get long at this level. The stock peaked in late April and has been consolidating for the last two months. WFR looks ready to turn up and resolve this consolidation to the upside. Wait for a breakout over the $64 level to confirm a bullish change in the stock, and then look for a resumption of the primary uptrend.

Fuel Tech
Click here for larger image.

Another interesting green trade is Fuel Tech. Fuel Tech provides clean-air technology for coal-burning utility plants, as well as other industrial combustion processes. As government pressure increases on utilities to lower carbon emissions, we should continue to see strength out of companies that are providing pollution control solutions.

FTEK has a very bullish chart in place. The stock has broken out of a lateral consolidation that has formed over the last six months and is now forming a bullish triangle continuation pattern off of the recent surge higher. This type of continuation pattern suggests to us that the stock is ready to move higher and resume the uptrend.

June 13, 2007

MEMC Electronic Materials Entry

Filed under: WFR — Tags: , — Jason @ 12:19 am

WFR – MEMC Electronic Materials

Entry Price $57.28 6/13/07

Original Stop Loss $25.00

Adjusted Stop Loss $50.00 Hit 7/10/08

Loss of $7.28 or 13%

Trina Solar Entry

Filed under: TSL — Tags: , — Jason @ 12:18 am

TSL – Trina Solar Ltd.

Entry Price $39.94  6/13/07

Original Stop Loss $15.00

Adjusted Stop Loss $25.00 Hit 9/9/08

Loss of $14.94 or 37%

Suntech Power Entry

Filed under: STP — Tags: , — Jason @ 12:17 am

STP – Suntech Power Holdings Co. Ltd.

Entry Price $32.00  6/13/07

Original Stop Loss $20.00

Adjusted Stop Loss $30.00 Hit 10/2/08

Loss of $2.00 or 6.25%

SunPower Entry

Filed under: SPWR — Tags: , — Jason @ 12:17 am

SPWR – SunPower Corp.

Entry Price $53.75  6/13/07

Original Stop Loss $20.00

Adjusted Stop Loss $50.00 Hit 10/8/08

Loss of $3.75 or 7%

Solarfun Power Entry

Filed under: SOLF — Tags: , — Jason @ 12:15 am

SOLF – Solarfun Power Holdings Co., Ltd.

Entry Price $8.46  6/13/07

Original Stop Loss 6.00

Adjusted Stop Loss $10.00 Hit 9/29/08

Gain of $1.54 or 18.2%

LDK Solar Entry

Filed under: LDK — Tags: , — Jason @ 12:14 am

LDK – LDK Solar Co., Ltd.

Entry Price $23.43 6/13/07

Original Stop Loss $15.00

Adjusted Stop Loss $25.00 Hit 10/6/08

Gain of $1.57 or 6.7%

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