Solar Reading

The day was negative for the markets as it was for the solar stocks.
Most of the stocks closed with losses around -6% and -8%

Not much news except the Crude Oil pointing to new highs, and if Oil does get above $100 we could see another rally in the solar sector.

An interesting article on CNET about First Solar (NASDAQ: FSLR)

Why does First Solar stand alone?

First Solar, which makes cadmium-telluride solar cells, is having one of those years that corporate managers and investors dream about.

Revenues more than tripled in the third quarter to $159 million from a year ago while profits rose to $46 million, or about ten times what they were the year before. Plant expansion is occurring rapidly and the company's stock has gone from $20 to over $200 in a year. The stock price seems vastly inflated when you look at traditional price-earnings ratios, but it's not the first time people have bet big on a growth stock. It's the Google of solar on that score.

Full article here

Labels: Crude Oil, FSLR, Solar Stocks

posted by IntoBlogs at 9:58 PM