Renewable Energy Stocks Sector Close-Up on Solar Stocks; Solar Stocks Light Up Thanks to First Solar Earnings
February 14 2008 - 9:56AM
Marketwired
POINT ROBERTS, WA and DELTA, BC beat the street and rewarded
investors with a $52.90 (30.13%) gain with earnings of $62.9
million, 77 cents per share, compared with $8 million, or 12 cents
per share, in the year-ago quarter. The rally continued in after
market trading with additional gains. Revenues for the fiscal year
ended December 29, 2007 were $504.0 million, up from $135.0 million
in fiscal year 2006.
According to the company's press release, quoting Michael J.
Ahearn, Chief Executive Officer of First Solar, "During the fourth
quarter of 2007 we benefited from the full capacity and economies
of scale of our Frankfurt/Oder plant. This combined with continued
throughput and conversion efficiency gains afforded us strong
operating leverage and decreased our manufacturing cost per watt by
12% year over year to $1.12 per watt in the fourth quarter of 2007,
further solidifying our cost leadership position in the
industry."
Clear Skies Solar, Inc. (OTCBB: CSKH) had a daily gain of 5.71%.
According to Ezra Green, "'FSLR' earnings are further proof that
the Solar sector is viable AND here to stay. We at CSKH are
committed to the growth of solar energy by introducing new
technologies and innovative methods of integrating solar technology
into every sector of the commercial & industrial arena, we
applaud their success."
Akeena Solar Inc. (Market, News) closed up 5.56%.
Evergreen Solar Inc (Market, News) shares were up $1.23 (12.17%)
and another 2.20% in after market trading.
LDK Solar ADR (Market, News) had gains of $2.12 (6.32%).
Canadian Solar Inc. (Market, News) radiated, up $2.60
(12.87%).
China Sunergy Company Ltd. (Market, News) was another bright
star up 6.87%.
SunPower Corporation (Market, News) followed the pack with an
$8.82 (12.37%) gain.
Yingli Green Energy Holding Company Limited (Market, News)
rallied up 16.6 %.
"The solar industry is well on its way towards attaining a
significant presence within the broader electric power industry,
and as evidenced by the rise in reported revenues by solar
manufacturers, is poised for continued strong growth over the
foreseeable future," stated Tom Djokovich, CEO of XsunX, Inc.
(OTCBB: XSNX). "Grid parity, supported by a global drive to reduce
green house gases, government incentives, and aggressive corporate
cost-cutting plans, should be attained within five years and drive
further impressive solar growth. In my opinion the sky's the limit
for solar's future. We're very excited about leveraging our
experience with amorphous thin-films to build and operate a module
manufacturing facility and begin delivering much needed product
into this market in early 2009," concluded Djokovich.
For investors following solar stocks, the
RenewableEnergyStocks.com website provides a comprehensive list of
photovoltaic and solar stocks to research.
Investorideas.com and RenewableEnergyStocks.com will be hosting
an online investor conference, March 21, 2008, giving investors
free online access to industry and investing perspective in the
greentech sector.
Solar companies Akeena Solar (NASDAQ: AKNS), Clear Skies Group
Inc (OTCBB: CSKH) and XsunX: (OTCBB: XSNX) will present in the
company of some of the leading experts in the industry. Conference
Info: http://www.investorideas.com/Forums/Portals/Green2.aspx
Featured Showcase Solar Company: Clear Skies Solar, Inc. (OTCBB:
CSKH) through its wholly owned subsidiary, Clear Skies Group, Inc.,
provides full-service renewable energy solutions to commercial,
industrial, and agricultural clients across the country. CSG was
incorporated in 2003 and launched formal operations in 2005. During
that time period, CSG developed its proprietary systems, obtained
licenses and certifications, and acquired technologies that could
maximize the impact of its construction expertise on the renewable
energy sector. CSG has become one of the premier solar electric
installation companies in the country. More info can be found on
the Investorideas.com Company Showcase, or the company website at
www.clearskiesgroup.com.
Featured Showcase Solar Company XsunX: (OTCBB: XSNX) 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. More info on XsunX, Inc.
can be found on our media profile at:
http://www.investorideas.com/co/xsnx/default.asp or
http://www.xsunx.com/
About Our Green Investor Portals:
www.RenewableEnergyStocks.com� is one of several green investor
portals within Investorideas.com and provides investors with stock
news, exclusive articles and financial columnists, audio
interviews, investor conferences, Blogs, and a directory of stocks
within the renewable energy, clean tech and fuel cell sectors.
Disclaimer: Our sites do not make recommendations. Nothing on
our sites should be construed as an offer or solicitation to buy or
sell products or securities. We attempt to research thoroughly, but
we offer no guarantees as to the accuracy of information presented.
All Information relating to featured companies is sourced from
public documents and/or the company and is not the opinion of our
web sites. This site is currently compensated by featured
companies, news submissions and online advertising. XsunX and Clear
Skies Holdings compensate the website $5000 per month.
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