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.
Labels: Bullish, Claymore, Global Solar Index, MAC, solar ETF, Solar Stocks, TAN
Claymore/MAC Global Solar Index (ETF - TAN)
The most traded solar stock ETF, TAN, is one of the best ways to diversify your solar investments.
This Year's performance is still negative, and the short-term trend for these last days is still bearish, but expect a reversal soon.
The state of the TAN:
Labels: Claymore, ETF, Global Solar Index, MAC, solar ETF, Solar Stocks, TAN
Market Concerns
Markets across the world are having one of the worst losses in a day, with Europe and US economic problems in the major headlines.
Solar stocks continue to follow:
Claymore/MAC Global Solar Index (Solar Stock ETF) Chart:
Labels: Claymore, solar charts, solar ETF, Solar Stocks, TAN
Solar Stocks getting Bullish
Solar Stocks are getting Bullish on the short term again.
With the recent good earnings from Intel, the Market seems to be ready for an upswing for the next week.
First Solar, Solar Stocks getting Bullish and the TAN Solar Stock ETF seem to be picking up.
Short Term Traders should start buying at these prices, but don't forget the stops!
First Solar, Inc. (FSLR)
Claymore/MAC Global Solar Energy (TAN)
More updates later today...
Labels: Canadian Solar Inc., Claymore, CSIQ, First Solar Inc, FSLR, Global Solar Energy, Global Solar Index, MAC, solar charts, solar ETF, Solar Stocks, TAN
Solar Stocks Gapping on Pre-Market
Most Solar Stocks are gapping up today on the Pre-Market.
Except the possible start of an upswing short-term rally, with the ETF TAN up 2% on Pre-Market, and other titles such as STP and CSIQ going up almost 3%, 30 minutes before market open.
The Claymore/MAC Global Solar Index (Solar Stock ETF) Chart looks like this:
And some news, regarding the Solar Industry and Oil price correlation:
Solar Players Looking Again Like Leveraged Oil Trades (FSLR, STP, SPWRA, LDK, ENER, TAN, PBW, CSIQ)Investing in solar and alternative energy stocks comes with many risks. We have often referred to many of these companies as being essentially nothing more than very leveraged speculative oil investments because when energy prices are low most forms of alternative energy are not competitive on a cost structure. The drop of $2.62 per barrel to $66.93 in NYMEX WTI Crude is causing havoc in some of the mid-cap and speculative oils stocks. It is also hitting shares of First Solar, Inc. (NASDAQ: FSLR), Suntech Power Holdings Co. Ltd. (NYSE: STP), SunPower Corporation (NASDAQ: SPWRA), LDK Solar Co.Ltd. (NYSE: LDK), and Energy Conversion Devices, Inc. (NASDAQ: ENER). This is also seen directly in the ETFs of Claymore/MAC Global Solar Energy (NYSE: TAN) and PowerShares WilderHill Clean Energy (NYSE: PBW). Speculative stocks like Canadian Solar Inc. (NASDAQ: CSIQ) look even worse.
Labels: Canadian Solar Inc., Claymore, Crude Oil, CSIQ, FSLR, LDK, PBW, solar ETF, Solar Stocks, Solar Stocks Performance, SPWRA, STP, Suntech Power, TAN
Claymore/MAC Global Solar Index, Solar Stocks ETF
Solar stocks have been rallying in the last months.
The solar industry ETF (TAN) is following the solar stocks performance nicely, and volume is picking up this year.
The short and mid-term trend is looking Bullish but expect some corrections in following days. TAN is still in my opinion the best solution if you want to invest in solar technology globally.
Despite being the industry benchmark, it still is quite volatile, and while not as risky as individual solar stocks this solar ETF has doubled it's value in just 3 months, and can tumble just as fast...
Labels: Claymore, Global Solar Index, solar ETF, Solar Stocks Performance, TAN
Sunshine in Solar Stocks
Oil prices and solar stocks price correlation seems to be main excuse for the recent rally in solar stocks.
The truth is that the whole market has been rallying, so pick your reason for the recent solar rally...
Seen in
247wallst.com :
Suntech Power Holdings Co., Ltd. (NYSE:STP) closed its follow-on offering of 23 million ADSs on May 28th. The price per ADS was $12.50, and the company raised net proceeds of about $277 million.
Suntech shares hit a high of more than $16/ADS yesterday before closing at $15.44, nearly $3 more than the follow-on offering price. And virtually all solar stocks have risen nicely in the past week. Canadian Solar Inc. (NASDAQ:CSIQ) and Yingli Green Energy Holding Company Ltd. (NYSE:YGE) are up nearly 20%, and Suntech and Energy Conversion Devices Inc. (NASDAQ:ENER) are up more than 5%.
Why the run-up in price since May 22nd? After all, Suntech earned just $0.01/ADS in the first quarter on revenue of $315.7 million, and estimates for the current quarter are for EPS of $0.01 on $360.5 million in revenues. The others certainly weren’t much more impressive. All the solar players just managed to clear very low expectations. So what’s up?
The answer lies in the rise in oil prices. Crude prices have risen above $64/barrel, US Oil Fund ETF (NYSE:USO) is up more than 5%, and solar stocks are following along for the ride. The sentiment seems to be that demand for oil will translate into demand for energy from all sources.
The solarstocks ETF: Claymore/MAC Global Solar Index is having some difficulty passing the $10 mark, but today should be a good candidate for a breakout in this ETF's price:
Biggest mover today is Canadian Solar Inc. (CSIQ) up 9%
Labels: Canadian Solar Inc., Claymore, CSIQ, ETF, Global Solar Index, MAC, solar ETF, solarstocks, sunshine, TAN
Alt-Energy: Deja Vu All Over Again
Highlighted here are the following: PowerShares WilderHill Clean Energy (PBW), Claymore/MAC Global Solar Energy (TAN), Market Vectors Solar Energy ETF (KWT), First Trust NASDAQ Clean Edge US Liquid (QCLN) or the Market Vectors Global Alternative Energy ETF (GEX).
It's deja vu all over again. The parallels and similarities between the development and evolution of the "green," alternative, renewable energy industry closely tracks that of the now more mature technology industry of prior decades. Both industries emerged with myriad small companies -- too many to be realistically successful -- all competing for market share with widely accepted products.
Both industries rely on first-to-market technological innovations. Stocks in both industries feature high volatility with seemingly daily market moving news. High-flying valuations become value stocks, and vice versa, at any time.
Continue reading at
istockanalystLabels: Claymore, ETF, GEX, Global Solar Index, KWT, MAC, Market Vectors Solar Energy ETF, PBW, Powershares, QCLN, solar ETF, TAN, WilderHill Clean Energy
Claymore/MAC Global Solar Index (NYSE:TAN) SolarStocks ETF Making new lows
Claymore/MAC Global Solar Index (ETF) (Public,
NYSE:TAN) is making new lows for the year, after another down session today, with solarstocks like
ESLR(Evergreen Solar, Inc.) and
SOLR(GT Solar International, Inc.) leading the losses.
Here is the chart for the last 5 months, still above the November record lows:
Labels: Claymore, ETF, Global Solar Index, MAC, TAN
Claymore/MAC Global Solar Index (ETF) (Public, NYSE:TAN)
The Solar Energy ETF is recovering nicely in the last few weeks, along with the rest of the solarstocks.
TAN Chart:
Only time will tell if this is the start of a longer term trend, or just a little bounce.
Suntech Power Holdings Co., Ltd. (ADR) (Public, NYSE:STP), as an example, doubled in less than two months!
The news regarding new solar subsidies are heating the solar stocks sector again...
Labels: Claymore, ETF, First Solar Inc, Global Solar Index, MAC, Solar Stocks Performance, solarstocks, STP, Suntech Power, TAN
Solar Stocks finish the week higher
Many solar stocks finished this week up, more than 50% from their lows, following the same recovery rally across the markets.
Expect some resistance next week as markets will probably face another short term downward swing. Friday closed mostly neutral so watch out, since the long term trend is still down.
Claymore/MAC Global Solar Index (ETF) (Public, NYSE:TAN) latest chart:
Labels: Claymore, ETF, Global Solar Index, Solar Stocks Performance, solarstocks, TAN
Claymore/MAC Global Solar Index (ETF) TAN
Claymore/MAC Global Solar Index (NYSE:
TAN)
TAN is the only Solar ETF in the market right now, started trading in April and should be one of the few ways to trade a fund that follows the solarstock industry, that is being tracked in this Blog.
The solar stocks performance has been great in these last weeks and so is TAN, up more than 12% since its inception.
You can check more information about this ETF in Claymore Securities official page:
Claymore/MAC Global Solar Energy Index ETF: OverviewThis is not only a solar companies only ETF, but one that has most of its Holdings on solarstocks that I track daily:
Top Fund Holdings as of 5/20/08
Name Weighting
FIRST SOLAR INC 8.25 %
RENEWABLE ENERGY CORP AS 6.89 %
Q-CELLS AG 6.78 %
SUNTECH POWER HOLDINGS ADR 5.41 %
LDK SOLAR CO LTD-ADR 5.32 %
ENERGY CONVERSION DEVICES 5.05 %
SOLARWORLD AG 4.81 %
SOLARFUN POWER HOLDINGS CO 4.76 %
JA SOLAR HOLDINGS CO LTD 4.65 %
CANADIAN SOLAR INC 4.57 %
YINGLI GREEN ENERGY - ADR 4.35 %
SUNPOWER CORP-A 4.31 %
MEMC ELECTRONIC MATERIALS INC 3.82 %
CENTROTHERM PHOTOVOLTAICS 3.74 %
TRINA SOLAR LTD-SPON ADR 3.51 %
SOLARIA ENERGIA Y MEDIO AMBIENTE SA 3.00 %
ERSOL SOLAR ENERGY AG 2.69 %
CHINA SUNERGY CO LTD 2.63 %
EVERGREEN SOLAR INC 2.62 %
SOLON AG FUER SOLARTECHNIK 2.40 %
MEYER BURGER TECHNOLOGY AG 2.38 %
CONERGY AG 2.21 %
ROTH & RAU AG 2.08 %
MANZ AUTOMATION AG 2.03 %
EMCORE CORP 1.74 %
Labels: Claymore, ETF, FSLR, fund, Global Solar Index, LDK, MAC, Q-CELLS AG, solar companies, solar fund, STP, TAN
