Solar Power: Is It Ready for Real This Time? - Voice of the People
February 07 2012 - 12:07PM
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Zacks highlights commentary from People and Picks Member
«horsedentist».
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Solar Power: Is It Ready for Real This Time?
To me investing in solar is all about short periods of time
because these stocks are so volatile. I read a few articles about
solar lately. Costs of production are coming down because a key
ingredient poly-silicon is in over abundance; price drop is 93% as
of a few months ago.
This price drop has put solar energy production much closer to a
breakeven. When countries in Europe started pulling the plug on
government subsidies solar stocks tanked a few years ago. I'm
looking SunPower (SPWR) on a pull back, like a lot
stocks SPWR has been hot year to date.
GE (GE) is building a huge solar panel plant.
With production costs going down and the big guys (GE) getting in
Solar power is not going away. SPWR has some big name investment
house attention lately with their 5 energy plays this year. When
SPWR pulls back a little I'm in.
There are others names left in solar since the industry shake
out last year. Solar is still a very risky trade but there are good
signs that it could be rewarding risk.
The most recent picks by «horsedentist» are:
A buy rating on SunPower (SPWR),
a buy rating on United Rentals (URI) and
a buy rating on Silver Wheaton (SLW).
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GENL ELECTRIC (GE): Free Stock Analysis Report
SILVER WHEATON (SLW): Free Stock Analysis Report
SUNPOWER CORP-A (SPWR): Free Stock Analysis Report
UTD RENTALS INC (URI): Free Stock Analysis Report
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