Yingli Green Energy Hold. Co. Ltd. (NYSE: YGE), Zimmer Holdings, Inc. (NYSE: ZMH), Astoria Financial Co. (NYSE: AF), Abercrombie & Fitch (NYSE: ANF), Ascent Solar Technologies Inc. (NASDAQ: ASTI) and ConAgra (NYSE: CAG) were downgraded by analysts.
Yingli Green Energy Hold. Co. Ltd. (YGE) was downgraded by RBC Capital from an “Outperform” rating to a “Sector Perform” rating.
Zimmer Holdings, Inc. (ZMH) was downgraded by Argus from a “Buy” rating to a “Hold” rating.
Astoria Financial Co. (AF) was downgraded by Raymond James (NYSE:JRF) from a “Market Perform” rating to an “Underperform” rating.
Abercrombie & Fitch (ANF) was downgraded by Nomura from a “Buy” rating to a “Neutral” rating.
Ascent Solar Technologies Inc. (ASTI) was downgraded by ThinkEquity from a “Buy” rating to a “Hold” rating.
ConAgra (CAG) was downgraded by UBS AG (NYSE:UBS) from a “Buy” rating to a “Neutral” rating.
Showing posts with label Ascent Solar. Show all posts
Showing posts with label Ascent Solar. Show all posts
Monday, November 14, 2011
Monday, May 16, 2011
Solar's First Solar (FSLR) (ASTI) (HSOL) (ESLR) Under Pressure on Financing Uncertainty
Shares of Ascent Solar Technologies (NASDAQ:ASTI), Hanwha SolarOne Co., Ltd.(NASDAQ:HSOL), Evergreen Solar (NASDAQ:ESLR) and First Solar (Nasdaq:FSLR) all closed down Friday as the solar sector continues to be under immense pressure in relationship to financing concerns.
With America facing its own sovereign debt crisis, masked by the seemingly endless amount of new money thrown at the economy by the Federal Reserve, the solar industry in the country is facing more uncertainty, as lawmakers look to make budget deals, which could cut financing from the U.S. Department of Energy for the sector.
That was after First Solar (FSLR) alleged they were told by the Department of Energy they were still being considered for financial assistance to construct three major solar plants in the country.
Funding challenges also face the international solar industry as many countries continue to struggle with the lack of capital to artificially prop up the industry.
A lot of focus has been on the removing of subsidies from the big oil companies, but in fact we need to have all energy subsidies removed across the board and the let the free market decide how it wants to produce and consume energy and electricity, not politicians.
Evergreen (ESLR) got pummeled Friday, closing at $1.08, down $0.33, or 23.40 percent, as it's questionable whether it has the financing in place to survive.
With America facing its own sovereign debt crisis, masked by the seemingly endless amount of new money thrown at the economy by the Federal Reserve, the solar industry in the country is facing more uncertainty, as lawmakers look to make budget deals, which could cut financing from the U.S. Department of Energy for the sector.
That was after First Solar (FSLR) alleged they were told by the Department of Energy they were still being considered for financial assistance to construct three major solar plants in the country.
Funding challenges also face the international solar industry as many countries continue to struggle with the lack of capital to artificially prop up the industry.
A lot of focus has been on the removing of subsidies from the big oil companies, but in fact we need to have all energy subsidies removed across the board and the let the free market decide how it wants to produce and consume energy and electricity, not politicians.
Evergreen (ESLR) got pummeled Friday, closing at $1.08, down $0.33, or 23.40 percent, as it's questionable whether it has the financing in place to survive.
Tuesday, May 10, 2011
Solar Bubble (ASTI) (JKS) (PWER) (HSOL) (JASO) (TSL) Coming for These Firms?
The solar industry is under duress to say the least, and the very real possibility China may end up creating the first solar bubble is now being bantered about in the media, with solar companies like Ascent Solar Technologies (ASTI), Jinko Solar (NYSE:JKS), Power-One Inc (NASDAQ:PWER), Hanwha SolarOne Co., Ltd.(NASDAQ:HSOL), JA Solar (NASDAQ:JASO), Trina Solar (NYSE:TSL), sure to come under stress after a seemingly unhindered run for several years before 2009.
Forbes' William Pentland wrote, "The epic expansion planned for the latter part of this decade may create the world’s first solar-energy bubble. The existing solar supply chain is likely too shallow to sustain growth on this scale. Unless the industry develops scalable infrastructure over the next four years, China’s planned installation of 8 GWs of solar capacity annually between 2015 and 2020 is likely to create severe bottlenecks in the solar supply chain. These bottlenecks could radically inflate the price of basic materials like silicon and create labor shortages that would affect the costs of manufacturing solar modules, designing and installing new solar systems and operating and maintaining already installed systems."
Combined with Germany and Italy cutting back on solar subsidies, it would make the China market even more important as far as solar goes, and with little demand from other countries, will disporportunately affect to view of the industry. during the coming years, which appear to be very negative.
Trina Solar (TSL) closed Monday at $26.78, dropping $0.06, or 0.22 percent.
Forbes' William Pentland wrote, "The epic expansion planned for the latter part of this decade may create the world’s first solar-energy bubble. The existing solar supply chain is likely too shallow to sustain growth on this scale. Unless the industry develops scalable infrastructure over the next four years, China’s planned installation of 8 GWs of solar capacity annually between 2015 and 2020 is likely to create severe bottlenecks in the solar supply chain. These bottlenecks could radically inflate the price of basic materials like silicon and create labor shortages that would affect the costs of manufacturing solar modules, designing and installing new solar systems and operating and maintaining already installed systems."
Combined with Germany and Italy cutting back on solar subsidies, it would make the China market even more important as far as solar goes, and with little demand from other countries, will disporportunately affect to view of the industry. during the coming years, which appear to be very negative.
Trina Solar (TSL) closed Monday at $26.78, dropping $0.06, or 0.22 percent.
Monday, May 9, 2011
Solar's (YGE) (ASTI) (JASO) (CSIQ) (HSOL) (JKS) Facing Tough Times
The solar industry and solar companies like Yingli Green Energy (NYSE:YGE), Ascent Solar Technologies (ASTI), JA Solar (NASDAQ:JASO), Canadian Solar (NASDAQ:CSIQ), Hanwha SolarOne Co., Ltd.(NASDAQ:HSOL) and Jinko Solar (NYSE:JKS) are under increasing pressure as the government-created market, which the vast of majority of consumers really don't care about, is struggling because of the two major markets - Germany and Italy, which have been cutting back on subsidies, leaving a large gap in the demand side of the market, which isn't being taken up by any other country at this time, although there are small increases in various countries, including America.
It is increasingly realized that solar (or wind) isn't or won't be the answer to future energy needs, as they're unreliable and expensive, and can't even come close to meeting existing needs, let alone the growing needs of countries around the world.
The best thing to do in energy across the board is to get rid of all government subsidies in every energy sector and let the market decide what it wants.
Government interference through excessive regulation and taxation also needs to be cut back on, as it's only in place in order to promote the so-called "clean energy" initiative, which isn't as clean and green as being put forth, but is a media darling and is reported as being the future of energy, when if fact anyone that knows the energy sector understands at best it'll be a small supplemental part of the energy future, and one that probably doesn't even need to be pursued.
There will probably be a consolidation in the industry even as solar companies continue to mostly operate under losses, even with the generous subsidies and government pressure on competing energy industries.
Hanwha SolarOne Co., Ltd.(HSOL) closed Friday at $6.14, gaining $0.23, or 3.89 percent.
It is increasingly realized that solar (or wind) isn't or won't be the answer to future energy needs, as they're unreliable and expensive, and can't even come close to meeting existing needs, let alone the growing needs of countries around the world.
The best thing to do in energy across the board is to get rid of all government subsidies in every energy sector and let the market decide what it wants.
Government interference through excessive regulation and taxation also needs to be cut back on, as it's only in place in order to promote the so-called "clean energy" initiative, which isn't as clean and green as being put forth, but is a media darling and is reported as being the future of energy, when if fact anyone that knows the energy sector understands at best it'll be a small supplemental part of the energy future, and one that probably doesn't even need to be pursued.
There will probably be a consolidation in the industry even as solar companies continue to mostly operate under losses, even with the generous subsidies and government pressure on competing energy industries.
Hanwha SolarOne Co., Ltd.(HSOL) closed Friday at $6.14, gaining $0.23, or 3.89 percent.
Thursday, May 5, 2011
Yingli (YGE) (ASTI) (SOL) (PWER) (CSUN) Trade Down as Solar on the Defensive
The terrible results of First Solar (Nasdaq:FSLR) in its latest quarter, coupled with declining subsidies from the two largest solar markets in the world - Germany and Italy - dragged down Yingli Green Energy (NYSE:YGE), Ascent Solar Technologies (ASTI), Renesola (NYSE:SOL), Power-One Inc (NASDAQ:PWER) and China Sunergy (NASDAQ:CSUN) Wednesday, as the all closed in the negative.
Sources say Italy has reached an agreement to cut subsidies from current levels by 22-30 percent in 2011, 23-45 percent in 2012 and by 10-45 percent in 2013.
Australia also announced they are going to cut A$1,000 from solar panel subsidies a it is pushing up the price of electricity in the country.
The country has already cut back on an initial individual household subsidy of A$8,000 in 2007 to A$3,700 today.
The Australian government also said federal subsidies on rooftop solar panels will end a year earlier than originally stated, some time in the middle of 2013.
With very little demand in India and America - considered two potential new markets for solar - it appears the solar industry is in for a long, rough ride.
Government just need to end the subsidies completely (as well as with all other energy subsidies), and let the market sort out what it wants for energy.
Yingli Green Energy (YGE) closed Wednesday at $11.25, down $0.34, or 2.93 percent.
Sources say Italy has reached an agreement to cut subsidies from current levels by 22-30 percent in 2011, 23-45 percent in 2012 and by 10-45 percent in 2013.
Australia also announced they are going to cut A$1,000 from solar panel subsidies a it is pushing up the price of electricity in the country.
The country has already cut back on an initial individual household subsidy of A$8,000 in 2007 to A$3,700 today.
The Australian government also said federal subsidies on rooftop solar panels will end a year earlier than originally stated, some time in the middle of 2013.
With very little demand in India and America - considered two potential new markets for solar - it appears the solar industry is in for a long, rough ride.
Government just need to end the subsidies completely (as well as with all other energy subsidies), and let the market sort out what it wants for energy.
Yingli Green Energy (YGE) closed Wednesday at $11.25, down $0.34, or 2.93 percent.
Wednesday, May 4, 2011
Yingli (YGE) (CSUN) (STP) (ASTI) (JASO) Dragged Down by First Solar (FSLR)
Shares of solar companies Yingli Green Energy (NYSE:YGE), China Sunergy (NASDAQ:CSUN), Suntech Power Holdings (NYSE:STP), Ascent Solar Technologies (ASTI) and JA Solar (NASDAQ:JASO) weighed down by First Solar's (NASDAQ:FSLR) weak performance
Net income for First Solar plunged 33 percent to $116 million over the same quarter last year, as the company earned $1.33 per share. That was actually much better than the $1.16 a share analysts expected, but not able to overcome the weak net income numbers.
Revenue made no headway during the quarter either, reaching $567 million, although beating estimates of $544 million.
The company said in its press release that rising costs, lower net sales and reduced average selling prices had a negative impact on the quarter.
Even so, the company asserts it will be able to meet full year guidance, although the market, at this time, isn't buying into that. Net sales for the full year are expected to reach about $3.7 to $3.8 billion, with EPS coming in at a range of $9.25 to $9.75 a share.
All of this underscores the lack of a real market for solar energy, and is only a primarily a creation of numerous governments around the world, not the result of demand from consumers.
That's why Italy, when it cut back on subsidies, put the hurt on First Solar, which has huge exposure there.
The highly expensive and low-demand energy source can't compete in the real market, and solar companies will remain extremely volatile because many governments that support it, don't have the capital to back their ambitions in the sector.
JA Solar (NASDAQ:JASO) closed Tuesday at $6.34, falling $0.34, or 5.09 percent.
Net income for First Solar plunged 33 percent to $116 million over the same quarter last year, as the company earned $1.33 per share. That was actually much better than the $1.16 a share analysts expected, but not able to overcome the weak net income numbers.
Revenue made no headway during the quarter either, reaching $567 million, although beating estimates of $544 million.
The company said in its press release that rising costs, lower net sales and reduced average selling prices had a negative impact on the quarter.
Even so, the company asserts it will be able to meet full year guidance, although the market, at this time, isn't buying into that. Net sales for the full year are expected to reach about $3.7 to $3.8 billion, with EPS coming in at a range of $9.25 to $9.75 a share.
All of this underscores the lack of a real market for solar energy, and is only a primarily a creation of numerous governments around the world, not the result of demand from consumers.
That's why Italy, when it cut back on subsidies, put the hurt on First Solar, which has huge exposure there.
The highly expensive and low-demand energy source can't compete in the real market, and solar companies will remain extremely volatile because many governments that support it, don't have the capital to back their ambitions in the sector.
JA Solar (NASDAQ:JASO) closed Tuesday at $6.34, falling $0.34, or 5.09 percent.
Monday, May 2, 2011
Trina (TSL) (ASTI) (SOL) (CSIQ) (JKS) Jump on SunPower (SPWRA) Deal
The announcement Total SA (NYSE:TOT) was going to acquire a 60 percent stake in SunPower Corp. (NASDAQ:SPWRA) gave the solar sector a temporary boost, pushing up the share prices of companies like Trina Solar (NYSE:TSL), Ascent Solar Technologies (NASDAQ:ASTI), ReneSola (NYSE:SOL), Canadian Solar (CSIQ) and Jinko Solar (NYSE:JKS), as expected.
In an extremely volatile sector, solar companies tend to move in unison on news affecting the industry, and that did happen, although investors shouldn't get too excited about it, other than trying to figure out whether or not another solar company will be acquired.
Since that's a guessing game, it's more gambling than it is investing, but that won't stop some from throwing money at the risky sector.
Solar will continue to struggle because there really isn't a market for it, other than governments around the world attempting to spin it as an alternative energy source. At best it'll be a very expensive source of energy that is unpredictable as to supply, and will only add a tiny bit of energy to the grid.
Spin it as they will, the media can't change that fact, and countries that had supported the extremely expensive sector are starting to pull back as they can no longer afford it. Germany and Italy are two examples; especially Italy in the shorter term.
For those guessing correctly, or even if there is a move toward energy companies buying up solar (not a surety by any means), there is money to be made in solar, but it's far too volatile to commit serious capital to.
SunPower closed Friday at $21.69, gaining $5.57, or 34.55 percent. Jinko Solar closed at $27.15, rising $1.24, or 4.79 percent. Ascent Solar Technologies ended the session at $1.61, up $0.03, or 1.90 percent. Trina Solar closed at $28.49, jumping $0.58, or 2.08 percent. ReneSola closed at $9.18, increasing $0.52, or 6.00 percent. Canadian Solar ended at $10.80, up $0.50, or 4.85 percent.
Of the major solar companies, only Suntech closed down Friday, ended the day at $8.97, down $0.08, or 0.88 percent.
In an extremely volatile sector, solar companies tend to move in unison on news affecting the industry, and that did happen, although investors shouldn't get too excited about it, other than trying to figure out whether or not another solar company will be acquired.
Since that's a guessing game, it's more gambling than it is investing, but that won't stop some from throwing money at the risky sector.
Solar will continue to struggle because there really isn't a market for it, other than governments around the world attempting to spin it as an alternative energy source. At best it'll be a very expensive source of energy that is unpredictable as to supply, and will only add a tiny bit of energy to the grid.
Spin it as they will, the media can't change that fact, and countries that had supported the extremely expensive sector are starting to pull back as they can no longer afford it. Germany and Italy are two examples; especially Italy in the shorter term.
For those guessing correctly, or even if there is a move toward energy companies buying up solar (not a surety by any means), there is money to be made in solar, but it's far too volatile to commit serious capital to.
SunPower closed Friday at $21.69, gaining $5.57, or 34.55 percent. Jinko Solar closed at $27.15, rising $1.24, or 4.79 percent. Ascent Solar Technologies ended the session at $1.61, up $0.03, or 1.90 percent. Trina Solar closed at $28.49, jumping $0.58, or 2.08 percent. ReneSola closed at $9.18, increasing $0.52, or 6.00 percent. Canadian Solar ended at $10.80, up $0.50, or 4.85 percent.
Of the major solar companies, only Suntech closed down Friday, ended the day at $8.97, down $0.08, or 0.88 percent.
Friday, April 29, 2011
ReneSola (SOL) (ASTI) (JASO) (LDK) Should Jump on Total (TOT) Deal
There is no doubt the move by Total SA (NYSE:TOT) to acquire a majority stake in U.S. solar company SunPower Corp. (NASDAQ:SPWRA) will spur the industry, as it will generate the idea of who may be next to be infused with cash, such as Ascent Solar Technologies (ASTI), JA Solar (NASDAQ:JASO), LDK Solar (LDK) and ReneSola (NYSE:SOL).
It must be kept in mind that the China-based solar companies already have access to capital, so it probably won't affect them as much, although they'll more than likely be pulled up with the rest of the sector over the short term, based on speculation.
Analysts were surprised by the decision of Total, as the solar industry, if you can call it that, is pressured by slow sales, rising costs of raw materials, financing, no real market for the product, and shrinking government support.
If it wasn't for government subsidies there would be no solar market, and the general population couldn't care less about solar, contrary to media allusions to that effect.
That's not to say you can't make money in the industry, as it's subject to wild swings because of it being a media darling and even when it's debatable as to the validity of the industry as a whole, it won't stop the media from hyping it up and causing the share prices of solar companies to jump, as they will on the news of the deal by Total for SunPower.
It must be kept in mind that the China-based solar companies already have access to capital, so it probably won't affect them as much, although they'll more than likely be pulled up with the rest of the sector over the short term, based on speculation.
Analysts were surprised by the decision of Total, as the solar industry, if you can call it that, is pressured by slow sales, rising costs of raw materials, financing, no real market for the product, and shrinking government support.
If it wasn't for government subsidies there would be no solar market, and the general population couldn't care less about solar, contrary to media allusions to that effect.
That's not to say you can't make money in the industry, as it's subject to wild swings because of it being a media darling and even when it's debatable as to the validity of the industry as a whole, it won't stop the media from hyping it up and causing the share prices of solar companies to jump, as they will on the news of the deal by Total for SunPower.
Tuesday, April 26, 2011
Trina TSL) (ASTI) (CSIQ) (JASO) Cheap Because of Artifical Markets
Until solar can prove it can stand on its own in the free market, the share prices of the companies will continue to be cheap, as is the case with Trina Solar (NYSE:TSL), Ascent Solar Technologies (ASTI) and JA Solar (NASDAQ:JASO), which closed mixed Monday.
The major problem with solar is everyone knows it isn't determined by consumer demand, but on government interference and strategies; something that never ends well.
Another major challenge for solar are the assumptions somehow it's going to solve its problems by some type of future invention. People that say this (and they're many) are just true believers and almost religiously want solar to work with a fervor that only the faithful can match.
That's why when you hear those proponents of solar talk about it, it's predicated largely on wishful thinking and faith in some unforeseeable future, rather than the supply and demand of the marketplace.
Solar would become more attractive if it was cut from the governments around the world and allowed to compete against other energy sources. Then they can prove if they are contenders or pretenders. At this time, most investors believe they're pretenders, as evidenced by their weak performances and share prices.
Solar companies will continue to trading at earnings multiples that reflect companies that are in decline until that becomes the reality.
With that unlikely to happen, and some governments like Germany and Italy backing off some of their commitments, it's doubtful the extremely expensive and unreliable energy source, along with solar companies, will be viable any time soon, if ever.
The major problem with solar is everyone knows it isn't determined by consumer demand, but on government interference and strategies; something that never ends well.
Another major challenge for solar are the assumptions somehow it's going to solve its problems by some type of future invention. People that say this (and they're many) are just true believers and almost religiously want solar to work with a fervor that only the faithful can match.
That's why when you hear those proponents of solar talk about it, it's predicated largely on wishful thinking and faith in some unforeseeable future, rather than the supply and demand of the marketplace.
Solar would become more attractive if it was cut from the governments around the world and allowed to compete against other energy sources. Then they can prove if they are contenders or pretenders. At this time, most investors believe they're pretenders, as evidenced by their weak performances and share prices.
Solar companies will continue to trading at earnings multiples that reflect companies that are in decline until that becomes the reality.
With that unlikely to happen, and some governments like Germany and Italy backing off some of their commitments, it's doubtful the extremely expensive and unreliable energy source, along with solar companies, will be viable any time soon, if ever.
Thursday, April 14, 2011
Solar (SOL) (LDK) (ASTI) (SOLR) Up on Budget Survival, High Oil
The volatile solar sector was up Wednesday at it for some reason survived budget cuts and got a boost from higher oil prices and the commitment of hundreds of millions to the sector by General Electric (NYSE:GE). That pushed the share price of GT Solar International (NASDAQ:SOLR), Ascent Solar Technologies (NASDAQ:ASTI), LDK Solar (NYSE:LDK) and Renesola (NYSE:SOL) up, along with others.
Investors place money in solar when energy prices, especially oil, rise, as it creates the illusion the higher oil prices make solar more attractive, even with its extremely high price tag.
Unfortunately the sector remains underwritten by taxpayers' dollars, as it should be allowed to compete in the energy marketplace to see if it in fact is being generated by demand of government fiat.
It's unlikely solar would survive without being propped up by government subsidies, and is an extremely bad precedent and policy.
Renesola closed Wednesday at $9.46, gaining $0.29, or 3.16 percent. LDK Solar closed at $11.63, up $0.40, or 3.56 percent. Ascent Solar Technologies closed at $1.70, rising $0.07, or 4.29 percent. GT Solar International closed at $10.24, increasing $0.24, or 2.45 percent.
Investors place money in solar when energy prices, especially oil, rise, as it creates the illusion the higher oil prices make solar more attractive, even with its extremely high price tag.
Unfortunately the sector remains underwritten by taxpayers' dollars, as it should be allowed to compete in the energy marketplace to see if it in fact is being generated by demand of government fiat.
It's unlikely solar would survive without being propped up by government subsidies, and is an extremely bad precedent and policy.
Renesola closed Wednesday at $9.46, gaining $0.29, or 3.16 percent. LDK Solar closed at $11.63, up $0.40, or 3.56 percent. Ascent Solar Technologies closed at $1.70, rising $0.07, or 4.29 percent. GT Solar International closed at $10.24, increasing $0.24, or 2.45 percent.
Wednesday, March 30, 2011
Solar Companies DAQQ (DQ), (JKS), (SOL), (JASO), (STP), (RSOL), (ASTI), (WEST) to Benefit from Japan Nuclear Challenges
The hoopla surrounding the challenges facing the nuclear industry from the earthquake in Japan, which some are attempting to spin as an extremely valuable event for solar companies such as DAQQ New Energy (DQ), JinkoSolar Holding Company (JKS), Renesola (SOL), JA Solar Holdings (JASO), Suntech Power Holdings (STP), Real Goods Solar (RSOL), Ascent Solar Technologies (ASTI) and Akeena Solar (WEST), is just that: spin.
Nothing has changed in the overall nuclear sector as far as the majority of countries still committed to using nuclear plants to generate electricity, other than the usual weenies from Europe and to a lesser extent, the United States.
But that was going to account for very little in the way of nuclear growth, and in the United States, most of it will just be going over existing plans and plants in order to be sure things are as safe as they can be.
Other than that, China is doing something similar, and is simply making sure risk is managed. China has already said it's going to continue on with its nuclear strategy, and they're by far the country with the most nuclear plants scheduled to be built.
Nothing has changed in the solar sector, which will continue to be pressured downward because the socialist countries of Europe can't afford the subsidies as the sovereign debt crisis continues to threaten to end the euro, as well as the European Union itself.
That's not to say investors can't make money in solar if they know what they're doing, just that the idea solar is a viable source of energy in the future is a long way from becoming a reality, if it ever does.
Solar companies will come under pressure for a long time, as there doesn't appear to be any catalyst out there to suggest we're going to be leaving the global recession any time soon, no matter how the mainstream media attempts to spin it.
Nothing has changed in the overall nuclear sector as far as the majority of countries still committed to using nuclear plants to generate electricity, other than the usual weenies from Europe and to a lesser extent, the United States.
But that was going to account for very little in the way of nuclear growth, and in the United States, most of it will just be going over existing plans and plants in order to be sure things are as safe as they can be.
Other than that, China is doing something similar, and is simply making sure risk is managed. China has already said it's going to continue on with its nuclear strategy, and they're by far the country with the most nuclear plants scheduled to be built.
Nothing has changed in the solar sector, which will continue to be pressured downward because the socialist countries of Europe can't afford the subsidies as the sovereign debt crisis continues to threaten to end the euro, as well as the European Union itself.
That's not to say investors can't make money in solar if they know what they're doing, just that the idea solar is a viable source of energy in the future is a long way from becoming a reality, if it ever does.
Solar companies will come under pressure for a long time, as there doesn't appear to be any catalyst out there to suggest we're going to be leaving the global recession any time soon, no matter how the mainstream media attempts to spin it.
Tuesday, March 15, 2011
Nuclear Fears Push Up LDK Solar (LDK) (FSLR) (JASO) (JKS) (STP)
Shares of First Solar (NASDAQ:FSLR), Suntech Power Holdings (NYSE:STP), Yingli Green Energy (NYSE:YGE), Trina Solar (NYSE:TSL), GT Solar International (NASDAQ:SOLR), Ascent Solar Technologies (NASDAQ:ASTI), JA Solar (NASDAQ:JASO), LDK Solar (LDK) and Jinko Solar (NYSE:JKS), along with the majority of solar company stocks, skyrocketed Monday on uncertainties surrounding the nuclear industry, as fears of a nuclear meltdown in Japan clouded the future of nuclear in the minds of some people.
While it's unlikely to go nowhere, it does give some ammunition for options traders for calls and puts as solar stocks do an ebb and flow during the week, depending on what news is currently coming out of Japan.
Solar itself is an unsustainable industry, and is questionable because of costs and inability to operate at a profit outside of government subsidies.
JinkoSolar closed Monday at $24.82, up $2.21, or 9.77 percent. First Solar soared to $146.91, jumping $7.17, or 5.13 percent. Suntech closed at $8.28, up $0.24, or 2.99 percent. Yingli closed at $11.26, rising $0.76, or 7.24 percent. Trina Solar closed at $26.00, up $1.77, or 7.30 percent. LDK closed at $11.58, up $0.94, or 8.83 percent. JA Solar closed the session at $6.69, gaining $0.38, or 6.02 percent.
While it's unlikely to go nowhere, it does give some ammunition for options traders for calls and puts as solar stocks do an ebb and flow during the week, depending on what news is currently coming out of Japan.
Solar itself is an unsustainable industry, and is questionable because of costs and inability to operate at a profit outside of government subsidies.
JinkoSolar closed Monday at $24.82, up $2.21, or 9.77 percent. First Solar soared to $146.91, jumping $7.17, or 5.13 percent. Suntech closed at $8.28, up $0.24, or 2.99 percent. Yingli closed at $11.26, rising $0.76, or 7.24 percent. Trina Solar closed at $26.00, up $1.77, or 7.30 percent. LDK closed at $11.58, up $0.94, or 8.83 percent. JA Solar closed the session at $6.69, gaining $0.38, or 6.02 percent.
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