Like a spring coiled to pop at the first whiff of good news, solar power stocks and other alternative energy companies rallied sharply today, March 23rd, 2009.
A few stellar renewable power technology companies up today:
LDK Solar LDK 5.24 +0.97 (22.72%)
Supplier of silicon wafers to many of the world's top photovoltaic energy companies.
Spire Corp SPIR 4.01 +0.65 (19.35%)
Manufacturer of building-integrated solar power products and turnkey solar energy manufacturing equipment; perhaps not as exciting as GT Solar, but a proven technology company with medical division also.
ReneSola (ADR) SOL 2.77 +0.42 (17.87%)
Jiashan, China-based manufacturer of solar wafers took a big hit in Q4 but investors now starting to look ahead.
Evergreen Solar ESLR 1.60 +0.23 (16.79%)
Former darling of the US solar industry fell over 90% during the credit markest crash but continues to post record revenue growth and can boast a nice stash of cash for expansion or takeovers.
GT Solar International SOLR 4.86 +0.64 (15.17%)
One of the best-positioned companies on the planet right now, SOLR crates solar power manufacturing equipment and is experiencing exponential growth.
MEMC Electronic Materials WFR 16.48 +1.60 (10.75%)
Though sales from the computer side have slowed and overall revenue has also stalled, the coming revival in the solar industry will give WFR new traction.
Alternative Energy Stocks Info, Links to Green Power Company websites:
Photovoltaic Solar Energy Stocks
Wind Power Stocks Investing
Green Energy Mutuals Funds
Solar Power Investing Info
Geothermal Power Stocks
Search Alternative Energy Stocks, Renewable Power Investing Info
Clean Geen Power Mutual Funds and Investments
Find Green Energy Funds, Renewable Energy Stocks, Clean Power Investments
Search Green Energy Stocks Investing Network:
CAUTION: Investing in common stocks of publicly-listed companies is a high risk (and high potential reward) activity. Owning investments in individual renewable energy technology companies is for high risk investors only, and medium risk investors should consider green mutual funds, closed-end clean energy funds, alternative energy index funds and other clean energy sector investments. Even then, these funds should be owned as part of a widely diversified portfolio, and always be considered as longer term investments.
Alternative energy stocks and other renewable power investments are a core component of ethical investing portfolios. Find info on Alternative Energy websites, research solar power, locate renewable power information and solar energy companies online. Links to info on clean fuels, solar power as a peace technology, solar energy stocks and clean power mutual funds.
Clean Energy Website Information Network
Find green power alternative energy solutions, clean energy stocks, water technology stocks, water purification companies, water desalination technology and photovoltaic solar electric power company websites:
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Alternative energy stocks and other renewable power investments are a core component of ethical investing portfolios. Find info on Alternative Energy websites, research solar power, locate renewable power information and solar energy companies online. Links to info on clean fuels, solar power as a peace technology, solar energy stocks and clean power mutual funds.
Clean Energy Website Information Network
Find green power alternative energy solutions, clean energy stocks, water technology stocks, water purification companies, water desalination technology and photovoltaic solar electric power company websites:
Custom Search
Showing posts with label solar power stocks. Show all posts
Showing posts with label solar power stocks. Show all posts
Monday, March 23, 2009
Friday, January 23, 2009
Green Energy Stocks; De-coupling from BOTH Oil and the Market?
If clean power investments are to have a record year of capital gains in equity markets, and a lot of lined-up ducks indicate that it's at least a possibility, then the wind power sector is going to have to regain some torque. Photovoltaic solar energy stocks are mostly up sharply from November lows, yet windpower companies find their share prices lagging, and skepticism surrounding their industry. It's temporary, as growth in offshore markets is exponential, and the area of vertical windpower with microturbines (parking lot windpower!!!) is only in initial stages of deployment.
Sexy solar stocks will likely continue to lead, followed shortly by the windpower stocks, then geothermal investments, and eventually biofuels and natural gas.
Do readers feel this will be a great year for clean energy stocks, or are people concerned that wider troubles will make all equity investments even more out of favour?
Sexy solar stocks will likely continue to lead, followed shortly by the windpower stocks, then geothermal investments, and eventually biofuels and natural gas.
Do readers feel this will be a great year for clean energy stocks, or are people concerned that wider troubles will make all equity investments even more out of favour?
Saturday, August 30, 2008
Global Clean Energy: Top Ten Renewable Power Stocks
August 2008 Top Ten Alternative Energy Companies
Publicly-traded major green power stocks:
General Electric alternative energy - Leader in wind energy, solar power and water purification
Suzlon Wind energy turbine manufacturer - Only Vestas and GE are in this league
Vestas global windpower leader, gets a premium for its quality wind energy turbines
Ormat Tech USA geothermal power industry leading company
First Solar leading thin film solar energy company
Toyota clean vehicle manufacturer
SunPower Corp solar panel manufacturing company
Q-Cells AG European photovoltaic solar power company
Energy Conversion Devices, USA alternative energy technology company
Honda pioneering clean car technology
More Alternative Energy Investing Links:
Full list of Solar Power Stocks
Publicly-listed Wind Energy Companies
Geothermal Power Stocks Investing
Publicly-traded major green power stocks:
General Electric alternative energy - Leader in wind energy, solar power and water purification
Suzlon Wind energy turbine manufacturer - Only Vestas and GE are in this league
Vestas global windpower leader, gets a premium for its quality wind energy turbines
Ormat Tech USA geothermal power industry leading company
First Solar leading thin film solar energy company
Toyota clean vehicle manufacturer
SunPower Corp solar panel manufacturing company
Q-Cells AG European photovoltaic solar power company
Energy Conversion Devices, USA alternative energy technology company
Honda pioneering clean car technology
More Alternative Energy Investing Links:
Full list of Solar Power Stocks
Publicly-listed Wind Energy Companies
Geothermal Power Stocks Investing
Thursday, February 7, 2008
Canadian Solar (CSIQ) may be the best-positioned Solar Stock
by Jack Yetiv, SeekingAlpha.com
In a recent article, I compared Canadian Solar (CSIQ) to First Solar (FSLR), Sunpower (SPWR) and Suntech Power (STP). I concluded that among these solars, CSIQ offers a far better risk-reward ratio than the other three stocks. In response to the article, a couple of posters asked if I would expand my comparison to other solar stocks, and I said I would. Here is the outcome of that analysis.
Before presenting the comparison, I want to discuss my assumptions, biases and methodology:
1) My biggest “bias” is that all things being equal, a lower PE (or, more accurately, PEG) among comparable companies wins this contest. Obviously, since things are not “all equal,” some adjustments must be made, but nevertheless, PEG is the primary driver of this comparison. If that is not a belief that you hold, this article won’t have much meaning to you.
2) This comparison is based more on facts that on projections, with one exception. I have calculated PEs against projected 2008 earnings obtained from either company guidance or the midpoint of analyst estimates. This was essential because in the solar space, a fast-growing-company’s trailing PE is not a meaningful number. I further thought it was reasonable to use forward (2008) PE because we are already into 2008, and therefore, visibility should be reasonable, at least for most of this year. Next, somewhat lowering the inherent error in using projections is the fact that I took the midpoint of analysts’ estimates, which should increase the reliability of the estimate. Next, even if analysts’ estimates turn out to be overoptimistic, that error is likely to impact all these companies fairly similarly, thus not altering the conclusion reached here. Finally, even a 20% change in the earnings estimate does not really alter the conclusion here, further reinforcing this analysis.
3) In my analysis, I put very little—if any—value in projections for 2009, or, perish the thought, 2010 or beyond. To me, given the range of possibilities on both macroeconomic (What will we have? Deep recession? Mild one? Soft landing? Business as usual?) and microeconomic (Will there be an oversupply of solar panels in 2009? Will global incentives increase, stay level or decrease?) fronts, NOBODY can reliably predict what the earnings will be for these companies in the 2009 calendar year (which basically ends two years from now).
It is enough of a stretch to guess where earnings will be in the fourth quarter of this year. Indeed, to highlight the unreliability of 2009 “estimates” (read “speculative guesses,”) one only needs look at the range of estimates for 2008 for some of these companies. For example, one analyst thinks Trina Solar (TSL) will earn $1.65 in 2008, while another believes TSL will earn $3.49 — more than double the lower value. Other companies also have a large spread, although I don’t think any company’s range of analyst estimates is as wide as TSL’s.
4) I have not included any information regarding analyst upgrades, downgrades, target prices, or recommendations, for several reasons. First, this is meant to be an objective analysis—and as can be seen from the spread in analyst estimates, the amount of subjectivity in analyst opinions is quite large. Second, I have for months disagreed with most analyst upgrades of several of the sexy names in the solar space, pushing their valuations—before 2007 was even over—to 50X 2009 EPS (I am, of course, thinking of FSLR, but a few other companies have been similarly hyped, without just cause, in my opinion—see my other article comparing CSIQ to these companies). To me, using 50X multipliers against EPS two years down the line is witchcraft, not financial analysis. Third, analysts’ opinions tend to be even worse at inflection points in the economy—and regardless of whether one believes we’re in a bear market or not, I think everyone agrees we are at an inflection point. Therefore, I provide these numbers as a springboard for further discussion and analysis by visitors to this site.
5) This is not meant to be a commentary on the solar space in general because that would take an article all by itself. Briefly, though, I believe that solar will do very well going forward, and that selected companies in this space will do even better. I believe that demand for PV panels will exceed supply over the next several years because I believe grid parity will be reached in stages and that the initial stages will come sooner than most people think and generate demand that is probably not yet appreciated. (I do believe ASPs will come down, but margin compression will not be severe because feedstock costs will drop and because the fabs will become more efficient.) In addition, I personally believe that the true cost of conventional power (“dirty electricity,” I like to call it) will start being recognized more and more, which will give renewable technologies (and especially solar) a continuing financial boost. Finally, I also believe that in the next year or two, total incentives around the world will increase collectively, and that incentives in the US will be renewed, if not expanded. Finally, I believe that within 5 years, incentives will largely be unnecessary because many locales will have already reached grid parity by then, which will, of course, constitute its own incentive.However, this article concludes that some of the companies in the solar space are such compelling values that even if they were not in a fast-growing space (that I believe solar will be), they would still constitute a bargain.
Having reviewed my assumptions, I want to present the spreadsheet I created to compare 11 solar companies. Due to space limitations, I only show a few columns of information.
The first column shows market cap, ranging from $200 million for AKNS to $16.5 billion for WFR. The second column has two pieces of information—the first number shows 2007 sales followed by earnings in 2007 (or, more accurately, estimated sales and earnings since the 4th quarter hasn’t yet been reported by most companies). The third and fourth columns show 2008 estimated sales and earnings, respectively. The fifth column shows closing price on 1-25-08, and the 6th and 7th columns calculate forward P/E and forward P/S (1-25 price against 2008 numbers). Although I initially input these companies in random order, I then sorted them in order of PE.
Although I present AKNS on this spreadsheet because people have asked me to analyze it, this company does not belong in a comparison of companies based on PE because it is not expected to have any earnings in 2008. This is not meant to be a negative comment against AKNS—since I have not carefully evaluated the company nor its prospects, I cannot really comment on it. I would say, however, that because it isn’t expected to have earnings this year, and because even its sales are quite small (about $35 million in 2007), it is a much more speculative play than the top-rated companies on this spreadsheet.
As is obvious from this spreadsheet, Canadian Solar (CSIQ) stands alone, in several respects.
See Spreadsheet and full article at: Financial Analysis of Solar Energy Stocks
More suggested browsing:
A Green Realtor Blog
WindIntell.com - Wind Energy Investing
Geotherma.info - Geothermal Power Stocks
In a recent article, I compared Canadian Solar (CSIQ) to First Solar (FSLR), Sunpower (SPWR) and Suntech Power (STP). I concluded that among these solars, CSIQ offers a far better risk-reward ratio than the other three stocks. In response to the article, a couple of posters asked if I would expand my comparison to other solar stocks, and I said I would. Here is the outcome of that analysis.
Before presenting the comparison, I want to discuss my assumptions, biases and methodology:
1) My biggest “bias” is that all things being equal, a lower PE (or, more accurately, PEG) among comparable companies wins this contest. Obviously, since things are not “all equal,” some adjustments must be made, but nevertheless, PEG is the primary driver of this comparison. If that is not a belief that you hold, this article won’t have much meaning to you.
2) This comparison is based more on facts that on projections, with one exception. I have calculated PEs against projected 2008 earnings obtained from either company guidance or the midpoint of analyst estimates. This was essential because in the solar space, a fast-growing-company’s trailing PE is not a meaningful number. I further thought it was reasonable to use forward (2008) PE because we are already into 2008, and therefore, visibility should be reasonable, at least for most of this year. Next, somewhat lowering the inherent error in using projections is the fact that I took the midpoint of analysts’ estimates, which should increase the reliability of the estimate. Next, even if analysts’ estimates turn out to be overoptimistic, that error is likely to impact all these companies fairly similarly, thus not altering the conclusion reached here. Finally, even a 20% change in the earnings estimate does not really alter the conclusion here, further reinforcing this analysis.
3) In my analysis, I put very little—if any—value in projections for 2009, or, perish the thought, 2010 or beyond. To me, given the range of possibilities on both macroeconomic (What will we have? Deep recession? Mild one? Soft landing? Business as usual?) and microeconomic (Will there be an oversupply of solar panels in 2009? Will global incentives increase, stay level or decrease?) fronts, NOBODY can reliably predict what the earnings will be for these companies in the 2009 calendar year (which basically ends two years from now).
It is enough of a stretch to guess where earnings will be in the fourth quarter of this year. Indeed, to highlight the unreliability of 2009 “estimates” (read “speculative guesses,”) one only needs look at the range of estimates for 2008 for some of these companies. For example, one analyst thinks Trina Solar (TSL) will earn $1.65 in 2008, while another believes TSL will earn $3.49 — more than double the lower value. Other companies also have a large spread, although I don’t think any company’s range of analyst estimates is as wide as TSL’s.
4) I have not included any information regarding analyst upgrades, downgrades, target prices, or recommendations, for several reasons. First, this is meant to be an objective analysis—and as can be seen from the spread in analyst estimates, the amount of subjectivity in analyst opinions is quite large. Second, I have for months disagreed with most analyst upgrades of several of the sexy names in the solar space, pushing their valuations—before 2007 was even over—to 50X 2009 EPS (I am, of course, thinking of FSLR, but a few other companies have been similarly hyped, without just cause, in my opinion—see my other article comparing CSIQ to these companies). To me, using 50X multipliers against EPS two years down the line is witchcraft, not financial analysis. Third, analysts’ opinions tend to be even worse at inflection points in the economy—and regardless of whether one believes we’re in a bear market or not, I think everyone agrees we are at an inflection point. Therefore, I provide these numbers as a springboard for further discussion and analysis by visitors to this site.
5) This is not meant to be a commentary on the solar space in general because that would take an article all by itself. Briefly, though, I believe that solar will do very well going forward, and that selected companies in this space will do even better. I believe that demand for PV panels will exceed supply over the next several years because I believe grid parity will be reached in stages and that the initial stages will come sooner than most people think and generate demand that is probably not yet appreciated. (I do believe ASPs will come down, but margin compression will not be severe because feedstock costs will drop and because the fabs will become more efficient.) In addition, I personally believe that the true cost of conventional power (“dirty electricity,” I like to call it) will start being recognized more and more, which will give renewable technologies (and especially solar) a continuing financial boost. Finally, I also believe that in the next year or two, total incentives around the world will increase collectively, and that incentives in the US will be renewed, if not expanded. Finally, I believe that within 5 years, incentives will largely be unnecessary because many locales will have already reached grid parity by then, which will, of course, constitute its own incentive.However, this article concludes that some of the companies in the solar space are such compelling values that even if they were not in a fast-growing space (that I believe solar will be), they would still constitute a bargain.
Having reviewed my assumptions, I want to present the spreadsheet I created to compare 11 solar companies. Due to space limitations, I only show a few columns of information.
The first column shows market cap, ranging from $200 million for AKNS to $16.5 billion for WFR. The second column has two pieces of information—the first number shows 2007 sales followed by earnings in 2007 (or, more accurately, estimated sales and earnings since the 4th quarter hasn’t yet been reported by most companies). The third and fourth columns show 2008 estimated sales and earnings, respectively. The fifth column shows closing price on 1-25-08, and the 6th and 7th columns calculate forward P/E and forward P/S (1-25 price against 2008 numbers). Although I initially input these companies in random order, I then sorted them in order of PE.
Although I present AKNS on this spreadsheet because people have asked me to analyze it, this company does not belong in a comparison of companies based on PE because it is not expected to have any earnings in 2008. This is not meant to be a negative comment against AKNS—since I have not carefully evaluated the company nor its prospects, I cannot really comment on it. I would say, however, that because it isn’t expected to have earnings this year, and because even its sales are quite small (about $35 million in 2007), it is a much more speculative play than the top-rated companies on this spreadsheet.
As is obvious from this spreadsheet, Canadian Solar (CSIQ) stands alone, in several respects.
See Spreadsheet and full article at: Financial Analysis of Solar Energy Stocks
More suggested browsing:
A Green Realtor Blog
WindIntell.com - Wind Energy Investing
Geotherma.info - Geothermal Power Stocks
Thursday, January 31, 2008
Solar Power Stocks & Alternative Energy News; SPWR, VWSYF, GCTAF
SPWR benefited from the increasing popularity of thin film solar to ride the success of its EverQ division and surprise the street by announcing that Sunpower turned a profit in the 4th quarter.
Alternative energy sector expert Elliott Gue of TheStockAdvsiors.com looks at wind power:
"The US Energy Information Administration (EIA) projects that wind power will grow by more than 7%, encouraged by generous government subsidies. Compare that to just 1.5% annualized projected growth in total electricity demand.
"The world's largest wind turbine producer, Vestas Wind Systems (OTC: VWSYF), fell on hard times back in 2005. It priced some of its turbines too aggressively and saw a surge in warranty claims because of defective components.
"But the stock appears back on track. Warranty provisions are down to 5% of revenues. Profit margins surged 4 percentage points year-over-year because of more rational turbine pricing. Vestas' current backlog stands at EUR4.1 billion (US $6.03 billion), up more than 30% year-over-year.
"Spain's Gamesa (OTC: GCTAF) is second only to Vestas in the wind-turbine market. The company recently opened new factories in China and the US, expanding its manufacturing capacity to 3,000 megawatts annually, up 36% from the end of 2006.
"The firm also designs and constructs entire wind farm projects on a turnkey basis. It also offers ongoing maintenance and operation service contracts. Buy Gamesa under US $45.
"Carbon fiber is a strong yet light material used to manufacture turbine blades. Fiber is in short supply amid surging demand in two key markets: advanced aerospace and wind power. Tight supplies mean rising prices for the key manufacturers of fiber, including Advantage Portfolio recommendation Hexcel Corp. (NYSE: HXL) and Zoltek Industries (NSDQ: ZOLT)."
SolarBuzz.com reports Spanish subsidiary of Phoenix Solar AG last week signed contracts for the construction of photovoltaic power plants in Spain that will have a peak output of more than 9 megawatts (MW). This corresponds to sales of over EUR 40 million.
RenewableEnergyWeekly.com has published an analysis called The State of Green Business in 2008, citing research reported on GreenBiz.com.
Their conclusion: Environmental performance overall in the U.S. is gradually advancing, but often not at the pace needed to offset economic growth or avoid the worst effects of climate change.
"The state of green business is improving, slowly but surely, as companies both large and small learn the value of integrating environmental thinking into their operations in ways that align with core business strategy and bottom-line goals," said Joel Makower, executive editor of GreenBiz.com. "Green business has shifted from a movement to a market. But there is much, much more to do."
Alternative energy sector expert Elliott Gue of TheStockAdvsiors.com looks at wind power:
"The US Energy Information Administration (EIA) projects that wind power will grow by more than 7%, encouraged by generous government subsidies. Compare that to just 1.5% annualized projected growth in total electricity demand.
"The world's largest wind turbine producer, Vestas Wind Systems (OTC: VWSYF), fell on hard times back in 2005. It priced some of its turbines too aggressively and saw a surge in warranty claims because of defective components.
"But the stock appears back on track. Warranty provisions are down to 5% of revenues. Profit margins surged 4 percentage points year-over-year because of more rational turbine pricing. Vestas' current backlog stands at EUR4.1 billion (US $6.03 billion), up more than 30% year-over-year.
"Spain's Gamesa (OTC: GCTAF) is second only to Vestas in the wind-turbine market. The company recently opened new factories in China and the US, expanding its manufacturing capacity to 3,000 megawatts annually, up 36% from the end of 2006.
"The firm also designs and constructs entire wind farm projects on a turnkey basis. It also offers ongoing maintenance and operation service contracts. Buy Gamesa under US $45.
"Carbon fiber is a strong yet light material used to manufacture turbine blades. Fiber is in short supply amid surging demand in two key markets: advanced aerospace and wind power. Tight supplies mean rising prices for the key manufacturers of fiber, including Advantage Portfolio recommendation Hexcel Corp. (NYSE: HXL) and Zoltek Industries (NSDQ: ZOLT)."
SolarBuzz.com reports Spanish subsidiary of Phoenix Solar AG last week signed contracts for the construction of photovoltaic power plants in Spain that will have a peak output of more than 9 megawatts (MW). This corresponds to sales of over EUR 40 million.
RenewableEnergyWeekly.com has published an analysis called The State of Green Business in 2008, citing research reported on GreenBiz.com.
Their conclusion: Environmental performance overall in the U.S. is gradually advancing, but often not at the pace needed to offset economic growth or avoid the worst effects of climate change.
"The state of green business is improving, slowly but surely, as companies both large and small learn the value of integrating environmental thinking into their operations in ways that align with core business strategy and bottom-line goals," said Joel Makower, executive editor of GreenBiz.com. "Green business has shifted from a movement to a market. But there is much, much more to do."
Tuesday, January 1, 2008
Best of 2007 Renewable Energy News
Find the top Alternative Energy stories of 2007, green power stocks in the news, clean energy investing, photovoltaic solar blogs, publicly-traded wind energy stocks, alternative energy investments for 2008, biomass research links, best of renewable power news for 2007.
Gintech of Taiwan places 10-yr, $700 million order at MEMC
Ecology, Science, Environmental and Nature Blogs
Benefits for African and Latin American countries from solar power developments
Solar Electricity in Africa prevents global warming
2008 UK conference to host alternative energy companies, engineers and investors
Green Power investing spurred by new alternative energy mutual funds
World’s biggest solar thermal project being built in California
(GOOG) Google launches RE < C, renewable energy at less cost than coal
Greenedia.com; Source for ethical, environmental and socially responsible media
Directory of renewable power sites, nature and ecology blogs
Low Temperature Geothermal project in northern Ontario
LDK and Q-Cells sign 10-year solar energy deal
Publicly-listed Solar Power stocks
North Africa and Middle Eastern solar power, Wind energy from Atlantic to power Europe
Best Renewable Power Websites, Alternative Energy Investments
Directory of Clean Energy / Renewable Power Websites
Asia Development Bank warns: Asian Water Crisis deepening
Top Geothermal Power Investing Websites and Blogs
Gintech of Taiwan places 10-yr, $700 million order at MEMC
Ecology, Science, Environmental and Nature Blogs
Benefits for African and Latin American countries from solar power developments
Solar Electricity in Africa prevents global warming
2008 UK conference to host alternative energy companies, engineers and investors
Green Power investing spurred by new alternative energy mutual funds
World’s biggest solar thermal project being built in California
(GOOG) Google launches RE < C, renewable energy at less cost than coal
Greenedia.com; Source for ethical, environmental and socially responsible media
Directory of renewable power sites, nature and ecology blogs
Low Temperature Geothermal project in northern Ontario
LDK and Q-Cells sign 10-year solar energy deal
Publicly-listed Solar Power stocks
North Africa and Middle Eastern solar power, Wind energy from Atlantic to power Europe
Best Renewable Power Websites, Alternative Energy Investments
Directory of Clean Energy / Renewable Power Websites
Asia Development Bank warns: Asian Water Crisis deepening
Top Geothermal Power Investing Websites and Blogs
Friday, December 21, 2007
Scott Edward Anderson LOVES his solar energy stock portfolio
The Sun will always shine on its little sister, Earth. Well at least until it enters the asymptotic giant branch of a planetary nebula phase in about 7.8 billion years. (You think global warming is bad now? Trust me, you don't want to be around for the sun's nebula phase and the boiling rivers.)
Meanwhile, however, there is growing interest in harnessing the Sun's energy for the purposes of continuing life on Earth. And solar power, once de rigeur for unwashed hippies and counter-culture, off-the-grid, back-to-the-landers. And Libertarians. Did I forget to mention Libertarians?
Anyway, we've been pimping solar plays here on The Green Skeptic for some time, and it seems the sun is shining all over these days. Some of my favorite investor/pundit-type dudes, like Howard Lindzon and Jim Cramer, are getting frothed about it, and even private plays like Nanosolar are getting attention for its "buck a watt" solution.
Despite the fact that Congress excluded alternative energy incentives from its Energy Bill, which I thought might actually hurt solar plays, these stocks and companies seem to be on the rise. And this is a good thing: for the economy, for the environment, and for investors.
As Howard put it yesterday: "This is the beginning, not the end, of solar energy. Very exciting times. If you get mucked up focused on the averages and the financials, you will miss all the great new trends just beginning."
Read Scott's solar power stocks including FSLR, CSUN, AMAT, STP, VSE, SPWR, SHCAY, WFR and CSIQ at The Green Skeptic - Agent for Social Change
Meanwhile, however, there is growing interest in harnessing the Sun's energy for the purposes of continuing life on Earth. And solar power, once de rigeur for unwashed hippies and counter-culture, off-the-grid, back-to-the-landers. And Libertarians. Did I forget to mention Libertarians?
Anyway, we've been pimping solar plays here on The Green Skeptic for some time, and it seems the sun is shining all over these days. Some of my favorite investor/pundit-type dudes, like Howard Lindzon and Jim Cramer, are getting frothed about it, and even private plays like Nanosolar are getting attention for its "buck a watt" solution.
Despite the fact that Congress excluded alternative energy incentives from its Energy Bill, which I thought might actually hurt solar plays, these stocks and companies seem to be on the rise. And this is a good thing: for the economy, for the environment, and for investors.
As Howard put it yesterday: "This is the beginning, not the end, of solar energy. Very exciting times. If you get mucked up focused on the averages and the financials, you will miss all the great new trends just beginning."
Read Scott's solar power stocks including FSLR, CSUN, AMAT, STP, VSE, SPWR, SHCAY, WFR and CSIQ at The Green Skeptic - Agent for Social Change
JANCO advise proft-taking on ESLR autumn run-up
JANCO downgrades Evergreen Solar (Nasdaq: ESLR) from Buy to Market Perform with a $16 price target.
Article from: http://www.streetinsider.com
JANCO downgraded Evergreen Solar stock (Nasdaq: ESLR) from Buy to Market Perform with a $16 price target.
The firm called Friday's 10% run-up an overreaction to the 10-year polysilicon supply contract announcement. JANCO also noted that Evergreen's stock price has gone up by about 44% since 10/31. Over the same period, shares of SunPower (Nasdaq: SPWR), a leading competitor, have only appreciated by about 1.4%.
JANCO said it believes in Evergreen's management and downgraded the stock solely on valuation and a difficult market environment.
Evergreen Solar, Inc. engages in the development, manufacture, and marketing of solar power products primarily in Europe and the United States.
Article from: http://www.streetinsider.com
JANCO downgraded Evergreen Solar stock (Nasdaq: ESLR) from Buy to Market Perform with a $16 price target.
The firm called Friday's 10% run-up an overreaction to the 10-year polysilicon supply contract announcement. JANCO also noted that Evergreen's stock price has gone up by about 44% since 10/31. Over the same period, shares of SunPower (Nasdaq: SPWR), a leading competitor, have only appreciated by about 1.4%.
JANCO said it believes in Evergreen's management and downgraded the stock solely on valuation and a difficult market environment.
Evergreen Solar, Inc. engages in the development, manufacture, and marketing of solar power products primarily in Europe and the United States.
Saturday, December 8, 2007
Lazard likes the big FSLR and the lil CPST
Lazard More Bullish on First Solar & Capstone Turbine (FSLR, CPST)
Analyst Sanjay Shrestha of Lazard Capital Markets is sticking with his Buy ratings this morning on shares of First Solar (NASDAQ:FSLR) and Capstone Turbine (NASDAQ:CPST).
On First Solar (NASDAQ:FSLR):
* We maintain our BUY rating on First Solar shares following the company's analyst day and tour of the company's Perrysburg, Ohio, manufacturing facility.... elaborated on its overall strategy to garner leading and defendable market share in the mainstream electric power generating market, without subsidy, while maintaining a superior return on capital through people, processes, technological leadership, scale, strong financial discipline, and risk control..... reiterated its cost-reduction goal of achieving module ASP of $1-$1.25/watt by 2010-2012.
* Shrestha adds, "We believe this strategy will allow First Solar to successfully migrate from subsidized markets, to renewable energy markets, to mainstream electric power markets over the next several years.... We are raising our price target to $250 from $225. Our new target equates to a 40x multiple on our 2010E EPS of $7.25 (up from $6.50), discounted back 15% for one year.
On Capstone Turbine (NASDAQ: CPST):
* Interestingly enough, an approval for microturbine technology to become a standard in New York is the basis for todays call. Mayor Michael Bloomberg announced a new rule setting the country's first standard for use and installation of microturbine systems in residential and commercial buildings. The rule creates a standard protocol for microturbine installation in NYC...
* Shrestha notes, "Given Capstone's UL certification and strong presence in Northeast market, we would look for increasing order traction; however, we note that sales cycles for distributed generation solutions remain lumpy/lengthy.... We maintain our $2.50 price target, which reflects a 25x multiple on our 2012 EPS estimate of $0.20 discounted back at 25% for three years. We maintain our $2.50 price target, which reflects a 25x multiple on our 2012 EPS estimate of $0.20 discounted back at 25% for three years."
We recently noted in our own "10 Stocks Under $10 Newsletter" how after we reviewed Capstone Turbine (NASDAQ:CPST) that we felt his call for a double in the shares could be greatly understated if you track alternative energy and historical stock prices compared to modern and past valuations.
* Capstone Turbine (NASDAQ: CPST) shares are up 6% at $1.22 today; 52-week trading range is $0.75 to $1.48 (stock was above $5.00 in 2005 and traded well over $50.00 back in 2000); market cap $177.5 million.
* First Solar (NASDAQ: FSLR) shares are up over 4% more today at $223.85; 52-week trading range is $26.40 to $252.39; market cap now $17.4 Billion.
Jon C. Ogg
December 5, 2007
http://www.247wallst.com/2007/12/lazard-more-bul.html
Analyst Sanjay Shrestha of Lazard Capital Markets is sticking with his Buy ratings this morning on shares of First Solar (NASDAQ:FSLR) and Capstone Turbine (NASDAQ:CPST).
On First Solar (NASDAQ:FSLR):
* We maintain our BUY rating on First Solar shares following the company's analyst day and tour of the company's Perrysburg, Ohio, manufacturing facility.... elaborated on its overall strategy to garner leading and defendable market share in the mainstream electric power generating market, without subsidy, while maintaining a superior return on capital through people, processes, technological leadership, scale, strong financial discipline, and risk control..... reiterated its cost-reduction goal of achieving module ASP of $1-$1.25/watt by 2010-2012.
* Shrestha adds, "We believe this strategy will allow First Solar to successfully migrate from subsidized markets, to renewable energy markets, to mainstream electric power markets over the next several years.... We are raising our price target to $250 from $225. Our new target equates to a 40x multiple on our 2010E EPS of $7.25 (up from $6.50), discounted back 15% for one year.
On Capstone Turbine (NASDAQ: CPST):
* Interestingly enough, an approval for microturbine technology to become a standard in New York is the basis for todays call. Mayor Michael Bloomberg announced a new rule setting the country's first standard for use and installation of microturbine systems in residential and commercial buildings. The rule creates a standard protocol for microturbine installation in NYC...
* Shrestha notes, "Given Capstone's UL certification and strong presence in Northeast market, we would look for increasing order traction; however, we note that sales cycles for distributed generation solutions remain lumpy/lengthy.... We maintain our $2.50 price target, which reflects a 25x multiple on our 2012 EPS estimate of $0.20 discounted back at 25% for three years. We maintain our $2.50 price target, which reflects a 25x multiple on our 2012 EPS estimate of $0.20 discounted back at 25% for three years."
We recently noted in our own "10 Stocks Under $10 Newsletter" how after we reviewed Capstone Turbine (NASDAQ:CPST) that we felt his call for a double in the shares could be greatly understated if you track alternative energy and historical stock prices compared to modern and past valuations.
* Capstone Turbine (NASDAQ: CPST) shares are up 6% at $1.22 today; 52-week trading range is $0.75 to $1.48 (stock was above $5.00 in 2005 and traded well over $50.00 back in 2000); market cap $177.5 million.
* First Solar (NASDAQ: FSLR) shares are up over 4% more today at $223.85; 52-week trading range is $26.40 to $252.39; market cap now $17.4 Billion.
Jon C. Ogg
December 5, 2007
http://www.247wallst.com/2007/12/lazard-more-bul.html
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WARNING: Investing in common equity of public companies is a high risk, high potential reward activity. Owning investments in individual alternative energy companies is for high risk investors only, and medium risk investors should consider green mutual funds, clean energy funds, renewable power index funds and other sector plays. Even then, these should be owned as part of a widely diversified portfolio. There is a gathering mania for investing in publicly-traded alternative energy companies, similar to the computer, technology, internet and banking / real estate booms of the past two decades. There will be some nasty corrections along the way, and some years from now when they come crashing down en masse, the world will still benefit from all the amazingly advanced clean and efficient energy technology created during the bull run. (Above note re-written March 2009 as my earlier prediction of a market top and a crash in the sector starting in August '09 was hastened by the credit markets collapse and began in August 2008, before the bubble had fully formed. Of all the sectors in the equity markets, clean energy has the best prospects to assume market leadership and public favour; we are bouncing aong the bottom still, and those who have followed our guidance to begin including (in a judiciously blended portfolio of cash, bonds, stocks and yes, um... real estate) green energy investment funds dollar-cost-averaging programs in Winter and Spring of 2009 are well positioned for longterm capital growth.)
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