Renewable Energy Stocks Sector Close-Up on Solar Stocks Performance; "Solar Stocks Exploded to the Upside" Reports J. Peter Lync
March 31 2008 - 8:15AM
Marketwired
POINT ROBERTS, WA and DELTA, BC . Norsk Hydro ASA increased
ownership in ASTI by purchasing an additional 2,341,897 shares with
gross proceeds to the company of approximately $28.4 million. He
reports in an audio commentary, "With a weak dollar, foreign
companies may be looking at some of these smaller solar stocks as
extremely cheap investments in terms of future performance."
Hear the full Audio commentary recorded March 28, 2008: Play:
http://s3.amazonaws.com/static.investorideas.com/podcasts/2008/032808a.mp3
Other factors in the solar stocks spike include earnings from
Solarfun beating estimates and the announcement of the Southern
California Edison (News, Market) 250 megawatt installation.
Renewable Energy Stocks solar expert J Peter Lynch gives a
different spin, "In my opinion, one of the primary reasons for this
solar rally is really quite simple -- NO MORE SELLERS were left to
drive solar stock down any further." In his recent column he goes
on to say, "Last week, seemingly out of nowhere, solar stocks
literally exploded (up over 15% for the week) catching almost
everyone by total surprise. The general market has recently been in
turmoil over the housing crisis, the credit crunch and the looming
fear of an impending recession; not exactly a general market
environment conducive for rallies in any sector. But in spite of
this bleak backdrop the solar sector roared ahead regardless."
In terms of future success in the solar sector he reports he
looks for companies that are "vertically integrated in the
traditional silicon segment, have cost effective thin film products
or are in higher margin areas such as building integrated
photovoltaics (BIPV)."
Lux Research forecasts a shakeout in the solar industry, "We
project that the supply of solar modules will exceed demand in
2009, leading to falling prices and a shake-out among companies
that aren't prepared to thrive in this new environment --
particularly crystalline silicon players that haven't invested in
new thin-film technologies."
Tom Djokovich, CEO of thin film solar company XsunX, Inc.
(OTCBB: XSNX) presented, "Thin film solar technologies offer
opportunities to deliver the lower cost per watt. This is due to
lower material costs, and the ability to scale and automate
manufacturing processes. I believe that these are among the reasons
that analysts anticipate greater compounded growth rates for thin
films than other solar technologies."
XsunX, Inc. (OTCBB: XSNX) is developing amorphous silicon thin
film photovoltaic (TFPV) solar cell manufacturing processes to
produce TFPV solar modules. XsunX, Inc. (OTCBB: XSNX) closed at
0.44 on Friday, up 10.00% on over 460,000 shares.
Showcase Profile:
http://www.investorideas.com/CO/XSNX/Default.asp
Solar Stocks Explode to the Upside:
http://www.investorideas.com/PL/news/033008a.asp
Solar Stocks Sector Close-Up Trading:
Company Name Performance %
Ascent Solar Technologies, Inc. 73.3
Canadian Solar Inc. 21.3
China Sunergy Company Ltd. 4.7
Distributed Energy Systems Corp. 15
DayStar Technologies Inc. 18.4
EMCORE Corporation -14.5
Energy Conversion Devices Inc 12.2
Evergreen Solar, Inc. 8.3
First Solar, Inc. 9.2
JA Solar Holdings Co., Ltd 18
LDK Solar Company Ltd. 20.4
Solarfun Power Holdings Co. 20.3
Spire Corporation 35.7
Sunpower Corporation 7.9
Suntech Power Holdings ADR 18.9
Trina Solar Limited 11.4
MEMC Electronic Materials, Inc. -16
Yingli Green Energy Holding Company Limited 15
Average Performance 3/24/08 to 3/28/08 +15.53
Major Indexes
Dow Jones -2.7
S&P 500 -2.6
NASDAQ -2.8
Investorideas.com and RenewableEnergyStocks.com recently hosted
an online investor conference, March 20, 2008, giving investors
free online access to industry and investing perspective in the
greentech sector. Solar companies Akeena Solar (NASDAQ: AKNS),
Clear Skies Solar Inc. and XsunX (OTCBB: XSNX) presented in the
recent online Greentech Investorideas.com Conference, in addition
to Brian C. Yerger, CFA, Research Analyst at Jesup & Lamont
Securities and solar expert, J.Peter Lynch.
J Peter Lynch's online media presentation for March Online Conference:
http://www.investorideas.com/Forums/Media/Green2/PLynch/default.aspx
Brian C. Yerger:
http://www.investorideas.com/Forums/Media/Green2/BYerger/default.aspx
Akeena Solar:
http://www.investorideas.com/Forums/Media/Green2/akns/default.aspx
Clear Skies Solar Inc:
http://www.investorideas.com/Forums/Media/Green2/cskh/default.aspx
XsunX: (OTCBB: XSNX)
http://www.investorideas.com/Forums/Media/Green2/xsnx/default.aspx
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
renewable and solar stocks.
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. Disclosure:
XsunX and Clear Skies Solar are featured solar showcase company and
compensate the website $5000 per month.
www.InvestorIdeas.com/About/Disclaimer.asp
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