Monday, May 13, 2013

Solar Bulls

Solar Stocks continue to go up, with daily moves above 10% since last week, SolarCity Corp (SCTY) is one of the biggest gainers, with a +20% move today.
 SCTY Updated Chart:
 

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Thursday, May 09, 2013

Solar Stocks Surge like it's 2007

All solar stocks are up today with heavy gains across the board. From upgrades to decent earning results, Solar Stocks had a very Bullish week remembering the good old times of 2007 before the Solar Tech downfall.

SPWR +9.18%
CSIQ +6.81%
FSLR +6.40%
STP +14.40%
SCTY +11.01%

SolarCity has been on the media radars quite often and the trend seems very steady:

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Thursday, July 01, 2010

Goldman Sachs Says Go Long Solar Stocks

For all the perceived evil, you have to give them credit....
Goldman Sachs knows how to make money — lots of it.
In fact, they are so good at making money — for themselves and their clients — that for years they've been referred to in financial circles as 'Golden Slacks'.
It's rumored that they won't talk to you unless you've got $5 million to invest. And they only lend their name to the most exclusive high-end deals and initial public offerings. (They underwrote yesterday's Tesla IPO.)
Point is, Goldman is the best of breed of Wall Street banks. When they speak... the world listens.
And this week, they came out bullish on the solar sector.


Goldman's solar calls
Attached to the Goldman client note was a list of solar stocks and their analysts' opinion of each.
Here are the stocks they initiated coverage on, along with ratings and price targets:
First Solar (NASDAQ: FSLR): Buy rating and $150 price target
SunPower (NASDAQ: SPWRA): Neutral rating, $15 price target.
MEMC (NYSE: WFR): Sell rating, $9 price target.
JA Solar (NASDAQ: JASO): Buy rating, added to Conviction List. $7.50 target price.
Suntech (NYSE: STP): Sell. Target price: $8.40
.


Source

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Wednesday, June 30, 2010

Solar Reversal

After the down swing of last week, Solar Stocks are getting ready for another bullish swing. The short-term trend could get reversal in the next few days, and the Solar Stock ETF TAN looks like this:

Claymore/MAC Global Solar Index (ETF) (NYSE:TAN)


The higher lows could also mean a medium-term trend change.

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Thursday, June 17, 2010

First Solar Rallies As Credit Suisses Turns Bullish; $150 Target

First Solar (FSLR) shares are on the rise this morning after Credit Suisse analyst Satya Kumar upped his rating on the stock to Neutral from Outperform, with a new price target of $150, up from $110. He contends that upside in pricing for Q2 and Q3 is not yet reflected in the stock.

Kumar offers a four-part thesis for his upgrade of the solar company’s shares:

He sees upside to estimates, and today raised his 2010 demand estimate to 13 GW from 12.7 GW, and says strong demand should reduce price erosion.
Risks to long-term margins are diminishing, he contends. Easy cost reductions for rival silicon-based solar companies - in particular lower poly prices, outsourcing to China and vertical integration - have mostly been accomplished.
Long-term growth prospects remain intact; he says 2011 might not be as bad as feared, particularly in Germany; he thinks U.S. demand could surprise positively.
FSLR’s panel efficiencies should “inflect meaningfully higher” by Q4 of this year or Q1 of next year, he contends.
Kumar raises his 2010 EPS estimate to $7.53, from $6.79; the Street consensus is $6.93. For 2011, he goes to $8.32, from $7.34.


First Solar Chart for today:

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Friday, May 28, 2010

Will the rally continue?

The market rallied yesterday, with many solar stocks posting impressive gains.

SunPower Corporation (SPWRA) up more than 20% yesterday:
"Announced a joint venture will own and operate SunPower's 1.4 gigawatt third solar cell fabrication facility, now under construction in Malaysia. SunPower and AUO will equally own the joint venture and contribute equal capital funding."


Suntech Power Holdings Co., Ltd. (STP):

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Friday, May 21, 2010

Bulls coming back in Solar?

Most Solar Stocks are showing some signs of a reversal move. Only time will tell if this is just another Bull Trap.

First Solar, Inc. (FSLR) Chart looks interesting:

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Tuesday, March 30, 2010

JA Solar continues the rally

After yesterday's big move across all solar stocks, JA Solar Holdings Co., Ltd.(NASDAQ:JASO) continues the move up, gaining more than 6% for today.

Expect some resistance around the $6 mark:

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Barclays Bullish On Solar

Barclays Raises Price Targets On SOLF, FSLR, SOL, CSIQ, TSL, YGE

Most Solar Stocks closed higher today, thanks to the Barclays upgrade, with some solar stocks like SOLF, CSIQ or JASO finishing the day up, more than 8%

First Solar (FSLR) from $100 to $125
ReneSola (SOL) from $5 to $7
Canadian Solar (CSIQ) from $21 to $25
Trina Solar (TSL) from $23 to $25
Yingli Green Energy (YGE) from $10 to $14

All of these are maintained at Equalweight by Barclays.

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Wednesday, March 17, 2010

Suntech Power is up!

After a week of going nowhere, Suntech Power Holdings Co., Ltd. (STP) is up 4%.

Global Markets seem to continue the Bullish run, so this should be a good moment for Solar Stocks on the short-term.

Suntech Power Holdings Co., Ltd. (STP) Chart

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Tuesday, October 20, 2009

SunPower Corporation Upgraded

SunPower Corporation (SPWRA) was upgraded by some analysts, and moved yesterday into new highs.

Macquarie upgraded SPWRA from Underperform to Neutral, and raised price target from $23.50 to $30.

Looking at the chart, there is a price resistance around $34, and if today we get to close above that price, we could be at the beginning of another bullish rally for this solar stock.




With Crude Oil getting very close to $80, Solar Stocks might have enough momentum to keep the current short-term trend up. Most Solar Stocks are now pointing up such as First Solar (FSLR) and Suntech Power (STP), etc..

In my opinion it's the perfect time to jump in now, for a quick trade, as long as today's movement in Solars keeps going up.

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Thursday, September 10, 2009

State of the TAN (Solar Stock ETF)

After the recent rally, Solar Stocks now seem to be slowing down, and we could be close to the start of a Down-Swing.



Claymore/MAC Global Solar Index (ETF) is a good Benchmark for the whole Solar Stock Sector. This ETF should find a resistance near the $10 mark, with the mid-term trend still down since the last top in June.

Many of the Solar Stocks are still positive for today and I will remain Bullish until we see a reversal flag on the daily chart.

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Wednesday, August 26, 2009

Up Swing coming for Solar Stocks?

After these last weeks, Solar Stocks are trading in new lows, but today these stocks seem to be giving some reversal signals.

First Solar Inc. (FSLR) and Suntech Power Holdings (STP) are showing some Technicals that indicate a possible short term reversal.

The Bulls might return on these solar stocks, so I will just link the charts for now:

Suntech Power Holdings Co., Ltd. (ADR) (Public, NYSE:STP)


First Solar, Inc. (Public, NASDAQ:FSLR)

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Friday, July 10, 2009

Someone is Bearish on First Solar

When at least one investor is Bearish on First Solar, and gets this much coverage on the media, then I would say to start doing the opposite.

With the recent market correction, maybe it's time to start getting Bullish. First Solar looks Bullish to me around the $130 - $145.

On TheStreet.com news regarding this:
Right out of the gate today, an investor's put spread purchase trumped normal daily options volume in First Solar (FSLR Quote) despite a positive outlook from analysts.
FSLR second-quarter earnings are due on July 29. Analysts expect a 36-cent drop in earnings, even after the solar semiconductor manufacturer beat analysts' estimates by 50 cents last quarter.
FSLR is approximately 30% off its recent high of $202.40 reached on May 20, and it looks like at least one investor could be betting that the stock could decline further.


FSLR Chart looks like this:

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Thursday, February 05, 2009

Suntech Power Holdings Co., Ltd. (Public, NYSE:STP) Short term play

Suntech Power Holdings Co. made a nice move yesterday, pointing to a technical short-term buy, along with SunPower Corporation (NASDAQ:SPWRA), both having a bullish look for the next days.

Suntech Power Holdings Co., Ltd. (ADR) (Public, NYSE:STP) Chart:


SunPower Corporation (Public, NASDAQ:SPWRA) Chart:


I will be tracking their performance for the next weeks, counting from yesterday's closing price.

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Thursday, June 12, 2008

SolarStocks on up swing

Solar Energy Stocks started showing some reversal signals yesterday and are confirming today the up swing for the short-term.

FSLR is moving ahead almost 6% followed by SOLF, CSIQ and SPWR.

Expect some upward moves for the next days, here are some charts:

First Solar (FSLR)


SunPower Corp. (SPWR)


And the Solar ETF: Claymore/MAC Global Solar Index (TAN)
Showing some reversal signs.

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Tuesday, May 20, 2008

Jim Cramer Bullish on First Solar

First Solar, Inc. (NDAQ: FSLR) shares edged higher in pre-market trading after CNBC's Jim Cramer revealed his bullish sentiment on the stock Monday. The solar manufacturer is admitedly one of the most expensive stocks in the industry, but the television star believes that earnings momentum will continue to propel its lofty valuation. However, Cramer recommended that investors wait to get in at a lower price.


http://investerms.com/top_news/375.html

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