Solar Stocks on upswing

Solar stocks are gapping up today, maybe starting an upswing for the short term.



The Solar ETF, TAN, just got some support around the $10 and is moving up today. The analysis point to some gains in the next days for the whole solar sector.


Some optimistic news on Business Insider:
US Solar Market Finally Ready To Blast Off (FSLR, STP, SPWRA)

With plummeting solar module prices and renewable energy subsidies, the U.S. solar market is finally ready to blast off in the first half of 2010, says FBR.
In the second half of this year, the government will be flooding solar companies with enough cash for them to get new installations up and running. The Treasury Department has a grant program ready to roll and the DOE is going to approve loan guarantees.

FBR took an in-depth look at three major solar companies, First Solar (FSLR), Suntech Power (STP), and SunPower (SPWRA) to figure out who will win. The four criteria FBR used were cost of land, financing and cost of installed system.

Full article

Labels: First Solar Inc, FSLR, Solar News, Solar Stocks, SPWRA, STP, SunPower Corp, Suntech Power

posted by Ertai at 9:32 AM