Renewable Energy Stocks Sector Close Up on Solar Stocks 2007; Analyst Upgrades and Industry Experts Agree "It Is Just the Beginn
December 17 2007 - 11:35AM
Marketwired
POINT ROBERTS, WA and DELTA, BC , explains, "With the worldwide
rise in energy prices, PV prices are now closer to conventional
energy prices than ever before. Currently, there's abundant demand
for solar modules at prices between $3.00 to $4.00/watt and thin
film PV offers even lower price points. PV could be a significant
player in the energy market at only $2 per watt but the industry
will need to scale significantly to meet the demand for
lower-priced PV. That's why we're working to position XsunX as a
large scale manufacturer of thin film PV."
Evergreen Solar Inc (Market, News) shares moved December 13th
after UBS Investment Research initiated a "Buy," and had an after
hours spike that continued into Friday's market on news that it has
signed a ten-year polysilicon supply agreement with Silicium de
Provence S.A.S. "Silpro." Calyon Securities analyst Kelly Dougherty
also upgraded Evergreen to "Buy" from Add. She noted in regards to
the new Energy Bill, "The watered down bill should not have a
significant impact on US demand, since domestic solar demand is
really driven at the state level."
China Sunergy Co., Ltd. (Market, News), a solar cell
manufacturer in Nanjing, China, announced news it had entered into
a supply agreement with asola Advanced and Automotive Solar System
GmbH, a German module manufacturing company. China Sunergy said it
will supply 10.2MW of solar cells to asola during 2008.
First Solar, Inc. (Market, News), with a 52 week range of $26.54
to $256.45, closed up $3.34 on Friday and was rated a BUY on
Dec13th by UBS.
For investors wanting to know if the solar stock run is over,
the number of analyst upgrades across the sector would indicate --
"no"!
The dramatic 52 week range of some of the well-known solar
stocks also evidences the growing global investment moving into
this sector.
(As of December 14, 2007)
LDK SOLAR CO ADR (Market, News) - $22.27 - $76.75, SUNPOWER
CORPORATION (Market, News) $35.40 - $164.49, CANADIAN SOLAR INC.
(Market, News) $ 6.50 - $ 24.83, SOLARFUN POWER HOLDINGS $ 8.22 -
$31.80, AKEENA SOLAR INC $ 8.22 - $31.80, YINGLI GRN ENGY ADR
(Market, News) $ 10.48 - $39.20 and JA SOLAR HOLDINGS $ 16.17 -
$72.06.
(OTCBB: XSNX). XsunX, Inc. has a 52 week range of $ 0.26 -
$0.66.
About Featured Showcase Solar Company XsunX: (Advertisement)
Based in Aliso Viejo, Calif., XsunX is developing amorphous silicon
thin film photovoltaic (TFPV) solar cell manufacturing processes to
produce TFPV solar modules. To deliver its products the Company has
begun to build a multi-megawatt TFPV solar module production
facility in the United States to meet the growing demand for solar
cell products used in large scale commercial projects, utility
power fields, and other on-grid applications. Employing a phased
roll out of production capacity, it plans to grow manufacturing
capacities to over 100 megawatts by 2010. http://www.xsunx.com/
More info on XsunX, Inc. (OTCBB: XSNX) can be found on our media
profile at: http://www.investorideas.com/co/xsnx/default.asp
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Disclaimer: Our sites do not make recommendations. Nothing on
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we offer no guarantees as to the accuracy of information presented.
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web sites. This site is currently compensated by featured
companies, news submissions and online advertising. * XsunX has
entered into an online featured showcase company agreement as of
December 2007 and compensates the website $5,000 per month.
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